Bonds

Building coverage provides protection for permanent structures listed on your policy. Completed additions, permanently-installed fixtures, machinery and equipment, outdoor fixtures, owned personal property used to service, repair or maintain the building and additions under construction or repair are all included in this definition.

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Builder's Risk

Clients engaged in construction of structures are exposed to special problems involving constantly changing values, special hazards associated with construction activities and the variety of interests involved in such projects. Traditionally, such operations have been handled with the Builders Risk form. Basically, it provides coverage for your interest as well as the interests of others in buildings while under construction. Additional endorsements and extensions are included to ensure that adequate protection is provided.

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Business Interruption (Time Element)

In addition to direct loss or damage to your property, loss can occur as a consequence of the direct damage. Such indirect losses are financial in nature and result from the loss of use of the property directly damaged. Several types of coverage have been developed to address these indirect loss exposures.

Time element coverage includes:

Business Income

This coverage is used to insure against loss of income (including any continuing normal operating expenses) that you experience because of a suspension of your business when insured property has been damaged by a covered peril. Under this form, extra expenses are included and rental values can be added as an option. An extended period of indemnity provision is also included to provide coverage after you resume operations until your business returns to its normal level of activities, up to the time specified in the form.

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Crime

This coverage provides protection against loss due to criminal acts of others. Several types of exposures can exist which require consideration when analyzing your crime protection insurance.

Types of crime coverage include:

Employee Dishonesty -- Blanket

This coverage is used to protect against loss of money, securities or other property belonging to you, or for which you are legally liable, that results from dishonest acts of covered employees. It pays for any one loss caused by one or more employees up to the face amount stated on the form.

Robbery Definition

This form is used to cover money and securities in your care against robbery or attempted robbery while located on your premises and while in the care, custody or control of a messenger while outside your premises.

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Electronic Data Processing (Computer)

Special Electronic Equipment policies insure property and causes of loss excluded under conventional all-risks Property and Boiler and Machinery forms. A variety of endorsements can "customize" this policy to fit your specific needs.

Electronic Data Processing coverage includes:

Media Coverage

This coverage is used to provide coverage for loss or damage to electronic media which results in additional costs to reproduce data. This is important since many times these costs can be more than actual damage to your hardware.

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Excess Liability (Umbrella)

This policy provides protection against catastrophic liability claims. The policy acts as an excess coverage over your primary liability policies. Its limits apply in addition to that provided by the underlying coverage.

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Inland Marine

Property that is mobile in nature has been traditionally handled in these types of policies. A wide variety of forms and coverages has been developed to handle the needs of this property.

Types of inland marine coverage include:

Accounts Receivable

This coverage is used to reimburse you for customer accounts that are rendered uncollectible because of loss by a covered peril.

Valuable Papers

This coverage is used to insure valuable papers and records including books, maps, films, drawings, abstracts, deeds and manuscripts, on either a blanket or scheduled basis. Coverage includes the actual cost of materials and any additional expenses necessary to reproduce these records.

Bailees Customers Goods Floater

This policy is used to insure against loss to property of others that is in your possession, regardless of your legal liability. It is needed since standard Property and General Liability policies limit or exclude exposures of this kind.

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Workers Compensation

State law requires that every employer provide Workers Compensation insurance if they have 3 or more employees including owners.   Even if you have only one employee, you are liable for work related injuries as their employer. This insurance provides coverage for accidents or disease arising from employment as prescribed by these state laws. Benefits can include lost wages, medical expenses and permanent disfigurement/disability payments.

Employers Liability

This coverage will pay for all sums that you are legally obligated to pay because of bodily injury by accident or disease sustained by any employee arising out of their employment. This coverage is distinct from any Workers Compensation policy claim.

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