Construction

The baseline for commercial insurance programs, a General Liability policy is issued to business organizations to protect them against liability claims for bodily injury and property damage arising out of premises, operations, products, and completed operations; and also offers protection for advertising and personal injury liability that businesses are exposed to in the normal course of their daily operations.

Our in-house bonding team has the experience and expertise in surety bonding to serve a wide variety of industries. They will construct a bonding program that will meet the specific business requirements of your organization providing surety bonds that include contract, license & permit, and fidelity bonds to name a few.

Surety Bonds are a three-party contract under which the insurer agrees to pay losses caused by criminal acts such as fidelity bonds or the failure to perform a specific act such as performance and/or payment bonds. The principal or the obligor (the party with the obligation to perform) agrees if there is a default, the surety (or the insurer), pays the loss of the third party or the obligee. The obligor must then reimburse the surety for the amount of loss paid.

A Builders Risk is a property insurance policy that is designed to cover property in the course of construction. There is no single standard builders risk form, most builders risk policies are written on an inland marine form. Builders Risk coverage is almost always written on an “all risks” basis and typically applies not only to property at the construction site, but also to property at an off-site storage location as well as property that is in transit. Builders risk insurance can be written on either a completed value or a reporting form basis, in either case, the estimated completed value of the project is used as the limit of insurance.

Inland Marine coverage is property insurance for property in transit over land, certain types of moveable property, instrumentalities of transportation (such as bridges, roads, and piers), instrumentalities of communication (such as television and radio towers), and legal liability exposures of bailees. Many Inland Marine coverage forms provide coverage without regard to the location of the covered property, these are sometimes called "floater" policies. As a group, inland marine coverage forms are generally broader than property coverage forms. There are various types of Inland Marine coverage such as Builders Risk, Motor Cargo, Equipment Floaters, Fine Arts, Installation Floater, Jewelers Block, Transit Coverage, Ocean Marine coverage, etc.

Workers' Compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of their employment. While plans differ among states, provisions can be made for weekly payments in place of wages (functioning in this case as a form of disability insurance), compensation for economic loss (past and future), reimbursement or payment of medical and like expenses (functioning in this case as a form of health insurance), and benefits payable to the dependents of workers killed during employment (functioning in this case as a form of life insurance).