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Commercial & Specialty Coverage
Services offered through our licensed property & casualty agents and affiliated brokers.
Workers Compensation
Workers' compensation coverage is a type of insurance that employers are required to carry in most states. It provides benefits to employees who are injured or become ill as a result of their job. It covers medical expenses, lost wages, and death benefits. It also provides protection to employers from lawsuits by employees who are injured on the job.
The purpose of worker's compensation is to provide financial support to employees who are unable to work due to an injury or illness, and to ensure that employers are held financially responsible for any injuries or illnesses that occur as a result of their business activities.
Business Interruption
Business interruption insurance helps cover the loss of income a business may experience after a covered disaster or event, such as a fire, natural disaster, or other unexpected event that disrupts normal business operations.
This type of insurance can provide coverage for a variety of expenses related to business interruption, including lost revenue, ongoing operating expenses (such as rent, utilities, and payroll), and additional expenses required to get the business up and running again, such as temporary relocation costs or equipment rental fees.
Business interruption insurance is typically designed to help businesses recover from unexpected disruptions and get back to normal operations as quickly as possible. It can be particularly important for small businesses that may not have the financial resources to weather an extended period of business interruption without assistance.
It's important to note that business interruption insurance usually only provides coverage if the interruption is caused by a covered event, such as a fire or natural disaster, and it may also have limitations and exclusions, so it's important to carefully review the policy before purchasing it.
Surety Bonds
Surety bond insurance is typically purchased by individuals or businesses that need to provide a guarantee of their ability to fulfill certain obligations or contracts.
For example, contractors and construction companies may need to purchase surety bonds to guarantee their work and provide assurance to clients that they will complete a project according to the agreed-upon terms. Other businesses that may need to purchase surety bonds include freight brokers, notaries, and those involved in the sale of alcohol, among others.
In addition, government entities may require businesses to purchase surety bonds in order to ensure compliance with regulations or to provide financial protection in the event of non-compliance.
Fidelity Bonds
Fidelity bonds, also known as employee dishonesty insurance, are typically purchased by businesses that want to protect themselves against losses due to fraudulent or dishonest acts committed by their employees.
Fidelity bonds may be required by law in certain industries, such as financial services, healthcare, and government contracting. They are also commonly purchased by businesses in other industries that handle large amounts of cash or other valuable assets, such as retail stores, restaurants, and casinos.
Fidelity bonds can provide coverage for a variety of losses, including theft, embezzlement, forgery, and other fraudulent activities committed by employees. The coverage may also extend to losses caused by third parties, such as contractors or vendors.
Cannabis
Cannabis insurance is purchased by businesses operating in the cannabis industry, including growers, manufacturers, distributors, and dispensaries.
Businesses operating in the cannabis industry may need a variety of insurance coverages to protect against these risks, including property and casualty insurance, general liability insurance, product liability insurance, crop insurance, and other specialized coverages tailored to the cannabis industry.
The cannabis industry faces a range of unique risks, including theft, property damage, product liability claims, crop loss or damage, and regulatory compliance risks, among others. In addition to these risks, businesses operating in the cannabis industry may face challenges in obtaining insurance coverage due to the federal prohibition on cannabis. As a result, it's important for businesses in the cannabis industry to work with a knowledgeable insurance broker or agent who understands the unique risks and challenges of the industry and can help them find the right coverage to protect their business.
Specialty - Excess & Surplus Lines
Specialty excess and surplus lines insurance is designed to provide protection for risks that are considered too unique or specialized to be covered by traditional insurance policies. These risks may include events such as natural disasters, terrorism, cyber-attacks, or other types of losses that are outside the scope of coverage offered by standard insurance policies.
Excess and surplus lines insurance is typically sold through specialized insurance brokers who have expertise in placing coverage for high-risk, non-standard risks. These brokers work with a network of specialty insurance companies, known as surplus lines carriers, who are authorized to provide coverage for these unique risks.
Specialty - Captives
Specialty captives insurance refers to a captive insurance company that is established to insure a specific, unique, or high-risk set of risks. A captive insurance company is a wholly-owned subsidiary of a parent company that is formed to provide an effective risk management tool exclusively to its parent company.
Unlike traditional insurance policies, which are typically purchased from third-party insurance companies, specialty captives insurance policies are issued by the captive insurance company that is owned by the parent company. This allows the parent company to have more control over the terms and conditions of the insurance coverage and to tailor the coverage to meet its specific needs.
Specialty captives insurance can be used to insure a wide range of risks, including property damage, liability, product liability, professional liability, and cyber liability, among others. Captive insurance companies are often used by large corporations, professional associations, and other organizations that have a significant exposure to risk and want to have more control over their insurance coverage.
It is important to work with an experienced and knowledgeable captive insurance manager to ensure that the captive insurance company is structured properly and that the insurance coverage meets the needs of the parent company.