Specialty Insurance

A number of package policies for franchised automobile dealers have been developed and are readily available. They usually provide property, auto dealers' premises and operations liability, garage keepers insurance, and dealers' physical damage coverages. Loss of business income, employee tools, and other optional coverages are also available. This explanation of insurance benefits is provided by Insurance Marketplace.

This is physical damage coverage for automobiles placed in a state specific Auto Insurance Plan or Assigned Risk Plan for liability coverage. Some states provide physical damage within the plan but others do not. This explanation of insurance benefits is provided by Insurance Marketplace.

This is physical damage coverage for automobiles placed in a state specific Auto Insurance Plan or Assigned Risk Plan for liability coverage. Some states provide physical damage within the plan but others do not. This explanation of insurance benefits is provided by Insurance Marketplace.

Motorists who cannot find comprehensive and collision insurance coverages with standard markets at regular rates must obtain them through nonstandard markets at surcharged rates. The same companies that offer nonstandard liability coverage often also offer physical damage coverage. Physical damage coverage on high-powered sports cars, automobiles equipped for racing, specially equipped automobiles, and automobiles with fiberglass bodies is especially hard to place. This explanation of insurance benefits is provided by Insurance Marketplace.

Auto physical damage insurance is available for cars built by their owners or by others on the owner's behalf. Some of these are "replicars," which are replicas of antique and classic autos constructed from kits. All of these vehicles tend to need high physical damage values so substantial deductibles may be required. This explanation of insurance benefits is provided by Insurance Marketplace.

This insurance covers errors in programs or in systems designed by computer software designers and consultants. In many cases, computer consultants' errors and omissions coverage is written as part of a package arranged for computer firms. This explanation of insurance benefits is provided by Insurance Marketplace.

This coverage protects dentists against claims for injury that arise from alleged malpractice, error, or mistake in rendering professional services. It may be written for individuals or partnerships and includes all professional activities at the dental office. Most companies that write this coverage insure only members of recognized local, county, and state professional societies. This explanation of insurance benefits is provided by Insurance Marketplace.

Liability arising out of errors or omissions in the provision of professional design services. Although design services encompass a broad range of activities, including product design, in insurance circles this term is most often used to describe liability arising out of the providing of architectural, engineering, and surveying services. Coverage is specifically designed to offer protection to design professionals for the array of emerging exposures you face and can help protect your firm against losses resulting from negligence, errors, and omissions in the performance of professional services. This errors and omissions policy can be tailored to fit your business needs and includes design services provided in a variety of capacities. Key policy benefits normally provided include network and information security offense coverage. As well as crisis event expense coverage. This explanation of insurance benefits is provided by Insurance Marketplace.

This coverage protects directors and officers of a corporation against claims that allege injury caused by their negligent acts, errors, or omissions while acting in their corporate capacities. It also indemnifies corporations for expenses they incur to defend such lawsuits. The market for this coverage is expanding and addresses all sizes of corporations. Some companies cover discrimination, wrongful termination, and sexual harassment. This explanation of insurance benefits is provided by Insurance Marketplace.

Financial institutions are one of the most difficult classes of directors and officers liability to insure because they are subject to significant regulatory and civil actions against their directors and officers. This explanation of insurance benefits is provided by Insurance Marketplace.

This coverage protects the nonprofit itself, its directors and officers, employees, and even committee members. Some carriers include a limited amount of this coverage as part of their package policies. Trade, fund-raising, and research organizations, churches, fraternal organizations, and other nonprofit organizations are eligible. Farm co-operatives and hospitals are difficult classes for this coverage. Some underwriting factors to consider are stability of operations, length of time in operation, and whether the organization generates enough revenue to meet its expenses. Some companies cover employment practices liability as part of this coverage. This explanation of insurance benefits is provided by Insurance Marketplace.

A false-positive testerror can lead to an individual being fired or not being hired. Even worseis the false-negative drug test that allows an individual with a drug problem to remain on the job and cause injury ordamage. For these reasons, the stakes are very high. This coverage insures medical reviewofficers, breath alcohol technicians ,and substance abuse professionals who determine if employees remain on their jobs or are treminated. These technicians could be considered professionally negligent if they do not comply with federal regulations under drug testing laws. This explanation of insurance benefits is provided by Insurance Marketplace.

Comprehensive insurance programs are available for firearms wholesalers, distributors, retailers, gunsmiths, ammunition manufacturers, and indoor and outdoor shooting ranges. They are treated as specialty business because of the hazards that firearms and live ammunition present. Commercial general liability, products liability, and broad form vendors' coverages are important because many state and federal regulations require them. Property coverage on firearms and ammunition may also be available. Deductibles usually apply to premises hazards. This explanation of insurance benefits is provided by Insurance Marketplace.

Bars, restaurants, hotels, motels, and other businesses that sell, distribute, or serve liquor need coverage for their vicarious liability for injury or damage that arises out of acts of patrons served alcoholic beverages in their establishments. Specialty insurers write liquor liability coverage. It covers common law and statutory liability exposures for the businesses and also owners, general lessees, or mortgagors of the property. Insurer interest in writing this coverage and the premium levels available vary from state to state, based on the liquor liability laws in each state. This explanation of insurance benefits is provided by Insurance Marketplace.

Liability coverage for security patrol and detective agencies is available from primarily excess and surplus lines markets and specialty coverage programs. Underwriters pay close attention to employee training, use of firearms, the exact type or nature of patrol work performed, use of guard dogs, and previous losses. Premium is based on payroll and coverage is subject to a deductible. Some underwriters and programs include professional liability coverage and personal injury liability coverage. This explanation of insurance benefits is provided by Insurance Marketplace.

If you own part of an imaging center, you may be exposed to malpractice insurance claims made against your physician liability insurance policy. It is important to provide a separate limit of insurance to cover your imaging center, providing a separate malpractice insurance policy to cover each risk element of your practice . Inadvertently many physicians assume that their medical malpractice insurance policies will cover this added exposure. Imaging centers need the protection of a strong and reputable medical malpractice insurance policy. The insurance company should also have a strong risk management program, including site visits and phone consultations designed to take measures to eliminate possible problems before they can result in claims. It is vital to make sure the malpractice insurance policy covers all of the exposures for the imaging center. Most MRI or x-ray clinics are unsure of what to look for when acquiring medical malpractice insurance.  Malpractice insurance needs to cover the particular services offered by the imaging center - including MRI and X-ray exposure, as well as their associated physicians. This explanation of insurance benefits is provided by Insurance Marketplace.