Specialty Programs

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Types of Operations Written:

Coverage Definitions:

Commercial Liability - Protection which pays sums that an insured is legally obligated to pay, or that the insurer has agreed to pay, as damages to others as a result of the insured's negligence. Usually provides coverage for bodily injury or damage to property of others.

Commercial Property - A Commercial Property policy provides coverage for Real and Personal Property used in a business. Coverage may be for Buildings and/or for Business Personal Property. There are two cause of loss forms - All Risk (Loss covered unless excluded in the policy) or Specified Perils (To be covered loss must be caused by one of the perils listed in the policy). Property may be valued at Replacement Cost (Cost to replace with materials of like kind and quality), Actual Cash Value (Cost new less depreciation and obsolescence), or Stated Amount (Value agreed to at policy inception).

Inland Marine - The insurance for property that is in the course of transportation or is of such a nature that it may easily be transported. Also includes some risks at fixed locations considered "instruments of transportation or communication," such as bridges, tunnels, signs and towers which were accepted as inland marine by custom. The term Inland Marine originally meant the insurance of goods in transit "inland," instead of at sea, by underwriters who specialized in Ocean Marine insurance. Includes coverage for Cargo, Mobile Equipment, Electronic Data Processing Equipment, Builders Risk, Installation Floaters and Contractor's Equipment.

Workers' Compensation - An insurance policy which provides benefits to employees for any injury or contracted disease arising out of and in the course of employment. The coverage and benefits are determined according to the individual state statutes. In most states Workers' Compensation and Employers Liability Insurance are combined in a single policy. Employers Liability Insurance provides coverage for the common law liability of an employer for injuries sustained by employees, as distinguished from liability imposed by workers' compensation statutes.

Umbrella - A form of liability insurance protecting policyholders for claims in excess of the limits of their primary Automobile Liability, General Liability and Employers Liability policies, and for some losses excluded by their primary policies. A deductible may apply to losses not covered by primary insurance.

Commercial Automobile - Insurance pertaining to the ownership, maintenance, or use of automobiles. Automobile coverage is divided into Automobile Liability (Losses incurred through legal liability for bodily injury and damage to property of others caused by accidents) and Physical Damage (Loss or damage to the policyholder's automobile). Physical Damage coverage is further divided into Collision (Coverage for losses resulting from the striking of another object - except animals - by a moving vehicle) and Other than Collision (An All Risk type of physical damage protection for automobiles including theft but excluding loss by collision or upset).