MORE COMMON:
General Liability including Blanket Vendors –This coverage is broadly written for all operations and respects liability to 3rd parties subject to standard exclusions. The incident would be a covered for damages and defense if needed. Defense limits can be inside or outside per occurrence limit. Blanket vendors coverage, for instance for a manufacturer’s insurance policy, will extend product coverage to those selling merchandise so it can snag big contracts as it expands.
Property Policy and/or Building, including Business Income with extensions of perils including spoilage. – Replacement cost on the property will enable a business to get that rebuilding project immediately underway. The business income will replace the cash flow until business is fully operational again.
Workers’ Compensation and Employers’ Liability Policy – Important and typically government mandated coverage for employers for just such accidents. The policy will pay whatever the State requires for medical costs, lost wages and rehab if it’s necessary.
Equipment Breakdown Coverage – Provides protection for sudden and accidental incidents as well as providing business interruption in case of a shut down in operations.
Product Recall, Inland Marine Cargo Policy – The product recall can get expensive quickly and this important coverage for clients can include things like reputational damage, expenses incurred in collection of and safe disposal of the contaminated food.
Cargo provides protection for your shipments and if you are using a third party to transport we recommend that you collect proof that they are appropriately protected and name your business as additional insured.
Liquor Liability Policy – This extremely important coverage protects vendors if they are held liable for customers that intoxicated (even if the vendor does not realize the
customer may/may not be over his/her limit). When those sorts of incidents occur, a vendor can be held liable for bodily injury and property damage that is related to the incident.
Certain guidelines for this type of loss control, TIPS and other systems, as well as help her implement and manage the process are available.
Electronic Data Processing (or EDP) Policy – This is an enhanced property policy that can be written to pick up additional perils unique to hardware and software as well as hackers, viruses and other software related issues. Once your business becomes
available via the internet, you need to consider Cyber Liability as well.
OTHER COVERAGE:
Spectator Liability Coverage – This is a type of General liability policy that is enhanced to understand the exposures related to patrons.
Property Floater – This coverage gives the flexibility to be able to move property around without concern.
Directors and Officers Policy, Employment Practices Liability Policy, Fiduciary Policy,
Employee Benefits Liability
Excess/Umbrella Liability Policy – Determining the correct total liability limits can be difficult. As a result, you may need (and strongly advised) to have higher limits.
Jeweler’s Block Policy – Specifically designed to cover high dollar objects, to turn in the claim and replace the rings to restore your shining investments.
Livestock Mortality – Protects the value of your animal investments for death and serious injury, Environmental Policy (animal waste, fertilizers, pesticide etc) – Provides clean up as well as protection for bodily injury or property damage to others.