Specialty Insurance

The SIG Insurance Agencies offers more than 700 insurance products over and above the coverages sold by most independent agencies.

Filter Results by Coverage Name (Use the first letter of any coverage title)

Category Coverages

Complete Event Protection

Events, both small and large, can take many unexpected turns. Risk exposure for clients include interruptions, problematic weather, and liability. This Category of specialty insurance coverage includes four important policies: Special Event Liability, Event Cancellation, Weather Insurance, and Prize Indemnity. Whether you're planning a wedding, a hole-in-one grand prize at a tournament, or a music festival for thousands, this is coverage you'll want to understand.

Complete Event Protection
  • Event Cancellation

    Be protected in case of sudden cancellation of your event due to unforeseen circumstances.


Flood Insurance

Flooding is defined by the National Flood Insurance Program as a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or two or more properties (at least one of which is your property) from: Overflow of inland waters, unusual and rapid accumulation or runoff...

Flood insurance policies cover physical damage to your property and possessions from floods or flood-related losses due to rising water in high risk areas. The federal government runs the National Flood Insurance Program (NFIP), which can issue flood insurance policies. Even if you have, renters, condo, landlord, mobile home or business insurance, you may need to purchase a separate flood insurance policy to have protection from flood damage. Most homeowners insurance policies do not cover damage caused by flooding. This is important to check when getting flood insurance quotes. If your community participates in the National Flood Insurance Program (NFIP), you can buy flood insurance coverage through agents enrolled in the NFIP-Direct program.

Flood Insurance
  • Commercial Excess Flood Program

    Our Commercial Excess Flood Program provides coverage excess of an NFIP policy limit.

  • Commercial Primary Flood

    Philadelphia Insurance Companies (PHLY) understands that protecting your business assets from a flood is very important.


Individual Coverages

Antique and Classic Automobile Insurance

Antique and Classic Automobile Insurance

Apartment Complexes

Apartment Complexes

Cyberspace Liability

Cyberspace Liability

Technology Companies

Technology Companies

Additional Categories

Apartment Complexes and Condominiums

Apartment Complexes and Condominiums
The types of structures vary, ranging from multi-unit single story frame dwellings to high-rise buildings. Condominiums can present unusual and sometimes complex insurance problems with respect to property, liability, crime, and workers compensation coverages for the condominium buildings and operations.

Art Collections

Art Collections

Automobile Leasing Contingent Liability- Physical Damage

Automobile Leasing Contingent Liability- Physical Damage
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.

Automobile Sport and High Performance Cars

Automobile Sport and High Performance Cars
Automobile manufacturers design some very sophisticated and high-powered automobiles for customers who use them for everyday driving and transportation with a possibility of weekend racing. At one time most road racing or drag racing enthusiasts custom-built their own performance cars from stock models using custom racing equipment. These drivers were also usually very experienced racing enthusiasts and knew how to handle such cars. The introduction of high-powered vehicles to non-racing drivers can be deadly to both the driver and others because they lack training and do not understand the vehicle's power. Standard markets often decline to insure these vehicles. This explanation of insurance benefits is provided by Insurance Marketplace.

Catastrophe

Catastrophe
Catastrophe insurance protects businesses and residences against natural disasters such as earthquakes, floods and hurricanes, and against man-made disasters such as terrorist attacks. These low-probability, high-cost events are generally excluded from standard hazard insurance policies, which makes catastrophe insurance necessary.Catastrophe insurance is different from other types of insurance in that it is difficult to estimate the total potential cost of an insured loss, and a catastrophic event results in an extremely large number of claims being filed at the same time. This makes it difficult for catastrophe insurance issuers to effectively manage risk. Reinsurance and retrocession are used along with catastrophe insurance to manage catastrophe risk.Different types of catastrophe insurance are available to cover various natural disasters and damage caused by terrorism. Homeowners insurance may contain certain types of coverages, but earthquakes and floods, for example, are typically excluded. Many homeowners policies cover only named perils, which can vary policy to policy and by insurance company. Even an “all perils” policy may exclude some events or contain specific policy limits, so you may not be fully insured for a major loss. That's where catastrophe insurance comes in. The coverage you should consider buying will mostly depend on the area in which you live. This explanation of insurance benefits is provided by Insurance Marketplace.

Churches/Religious

Churches/Religious
This class of business is usually not difficult to place and is underwritten by many standard insurers. However, certain markets specialize in providing coverage for churches. Values subject to a total loss may be high. Optional coverages available include crime, theft, directors and officers liability, and clergy professional liability. Sexual misconduct coverage for the organization because of alleged actions of clergy and certain other staff positions is often available but is subject to sub-limits. This explanation of insurance benefits is provided by Insurance Marketplace.

Classic Vehicles

Classic Vehicles
Restoring, caring for, and maintaining older automobiles is a popular pastime of Americans of all ages. Gatherings, parades, and tours for antique autos sponsored by antique automobile clubs take place throughout the year. These vehicles may be extremely valuable, depending on the model, age, and availability. In many cases, the expenses the owner incurs to restore the vehicle equal to or exceed its actual value. An antique automobile is usually defined as a private passenger-type motor vehicle 45 or more years of age. A classic car must be more than 20 years old and also be a distinctive type of car. Antique and classic automobiles must be maintained for use in exhibitions, club activities, parades, and other functions of public interest and used only occasionally for other purposes. The vehicle cannot be used primarily to transport passengers or goods. This explanation of insurance benefits is provided by Insurance Marketplace.

Clubs and Leisure Time Activities

Clubs and Leisure Time Activities
This program is designed for U.S.-based clubs and or groups conducting youth or adult non-sport activities. Coverage provided includes important liability protection for the organization, including its employees and volunteers, for liability claims arising out of its operations. Covered operations consist of scheduled, sanctioned, organized and supervised activities in which members participate and that are directly related to the specific common interest or goal for which the club or group is formed. Coverage is also provided for member activities such as meetings, registrations, parades in which the insured participates, picnics, banquets and ceremonies. This explanation of insurance benefits is provided by Insurance Marketplace.

Coastal Properties

Coastal Properties
Property insurance coverage for residential and commercial properties in coastal areas often does not cover windstorms. Varieties of cooperative programs are available through state wind plans but some private carriers are available to provide this needed coverage. All coastal windstorm policies are subject to large deductibles, either as a flat amount or as a percentage of the limit of insurance. Flood coverage is also needed and available through the National Flood Insurance Plan (NFIP). Because the NFIP limits are often inadequate, excess coverage above those limits is available. This explanation of insurance benefits is provided by Insurance Marketplace.

Collectibles

Collectibles
Hobbyists collect a wide variety of objects. In addition to United States and foreign coins, currency and postage stamps, other collectibles include postcards, matchbook covers, beer cans, sports trading cards, dolls, buttons, and glass bottles, to name just a few. The number and types of possible personal collections are virtually unlimited. It is difficult to determine the value of some collections or establish values on valuable single items, which make underwriters reluctant to insure such collections on a valued basis. However, it is easier to secure adequate coverage when recognized experts appraise individual items or entire collections. It is important that appraisals be kept current because the market for such items can change significantly in a single year. This explanation of insurance benefits is provided by Insurance Marketplace.

Community Service Organizations

Community Service Organizations
Coverage is available for nonprofit community service agencies and organizations, such as senior citizens community centers, home visitation services, youth centers, and neighborhood centers. Coverages provided usually include property, casualty, and professional liability coverages. These carriers underwrite this class of business: This explanation of insurance benefits is provided by Insurance Marketplace.

Computer Software Designers Errors and Omissions

Computer Software Designers Errors and Omissions
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.

Consultants Professional Liability

Consultants Professional Liability
Consulting firms advise their clients on specific management or business problems. The services provided can include offering advice on employment practices, sales development, time management, executive search, marketing strategies, computer testing, and other matters. Insurance coverage is usually tailored to match the specific services the consulting firm offers. Underwriters evaluate every activity the business conducts before they accept it and determine the appropriate premium to charge. This explanation of insurance benefits is provided by Insurance Marketplace.

Contractors Equipment Insurance

Contractors Equipment Insurance
This inland marine coverage insures contractors' equipment on a scheduled or blanket basis. For many contractors, their major assets are equipment, such as cranes, power shovels, tractors, and bulldozers. Large items can be specifically scheduled, while a blanket limit may be used for smaller items. Tool coverage, including employee tools, can also be provided. Coverage is often based on all risk-type perils or special causes of loss and is tailored to suit the individual insured's needs. A deductible sufficient to eliminate smaller, petty pilferage losses is preferred. Special limitations on crane usage are common. Other important coverages for contractors include: Contractor Controlled Insurance Plan (CCIP) aka Contractor’s Wrap-Ups, Contractors Design and Build (Project Managers) and Contractors Pollution Liability. This explanation of insurance benefits is provided by Insurance Marketplace.

Convenience Stores

Convenience Stores
Convenience stores are usually a combination of a grocery store, variety store, and gas station. Many standard markets provide property and general liability coverages. Liquor liability, underground storage tank (UST) liability, crime, and workers compensation coverages may only be available in a specialty market. This explanation of insurance benefits is provided by Insurance Marketplace.

Cyber-Liability

Cyber-Liability
This is the most rapidly changing liability area today. Commercial and personal lines carriers restrict coverage related to online activities. As a result, separate cyber liability coverage forms and endorsements are necessary to cover exposures such as libel, slander, infringement of copyright, and invasion of privacy. Coverage is also needed when hackers infiltrate a company’s computer system and steal valuable third-party information, such as social security numbers, credit card numbers, and health information. Many companies offer cyber liability coverage but forms are not standardized. Some companies include first party coverage for damage to computer systems because of hacking and other types of viruses. This explanation of insurance benefits is provided by Insurance Marketplace.

Excess Coverage

Excess Coverage
Excess Flood Insurance, Excess Liability (Commercial), Excess Liability (Over SelfInsured Retention), ExcessLiability (Personal), Excess Malpractice and Professional Liability, Excess MarineLiability, Excess Maritime Employers Liability, Excess Medical Stop Loss Coverage- Self Insured Risks, Excess Property. This explanation of insurance benefits is provided by Insurance Marketplace.

Health and Exercise Clubs

Health and Exercise Clubs
This coverage is designed for businesses operating as fitness facilities. A wide range of facilities are eligible for this program—from small personal training studios to big box facilities with a full range of equipment and amenities. Fitness centers offer valuable services as help people reach their fitness goals and become healthier in general. But in some cases, they can be a lawsuit waiting to happen if a member is injured on faulty equipment or an inexperienced instructor gives bad advice. That's why business insurance for fitness centers is a must. Types of Fitness Center Insurance Business insurance for fitness centers will consist primarily of liability insurance and property insurance to cover replacement or repair costs for equipment, General liability to cover costs if you are sued for medical bills or pain and suffering if a person is injured in your fitness center. This explanation of insurance benefits is provided by Insurance Marketplace.

Health Care

Health Care
Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses. Depending on the type of health insurance coverage, either the insured pays costs out-of-pocket and is then reimbursed, or the insurer makes payments directly to the provider. Your health insurance policy is an agreement between you and your insurance company. The policy lists a package of medical benefits such as tests, drugs, and treatment services. The insurance company agrees to cover the cost of certain benefits listed in your policy. These are called “covered services.” Essential Health Benefits. A set of 10 categories of services health insurance plans must cover under the Affordable Care Act. These include doctors' services, inpatient and outpatient hospital care, prescription drug coverage, pregnancy and childbirth, mental health services, and more. Some plans cover more services. This explanation of insurance benefits is provided by Insurance Marketplace.

High Valued Commercial Property

High Valued Commercial Property
Companies interested in writing high-valued commercial property risks usually establish minimum property values they will consider. The coverage tends to be more generous with a number of additional coverages and coverage extensions. These accounts are subject to significant deductibles and are often written with multiple layers. Unique loss prevention services are often available. Geographic, weather and climatic factors affect the coverages available and premiums charged. This explanation of insurance benefits is provided by Insurance Marketplace.

Kart (Go-Kart) Liability

Kart (Go-Kart) Liability
This coverage insures the liability of individual kart owners and karting enthusiasts. The bodily injury and property damage liability coverage provided protects the insured for hazards that arise out of his or her ownership, maintenance, or use of a kart, including racing, on private property in the United States and Canada. This explanation of insurance benefits is provided by Insurance Marketplace.

Kidney Dialysis Centers

Kidney Dialysis Centers
General liability and professional liability is needed for centers that provide kidney care and dialysis services to patients with diseased kidneys. This coverage is best when combined with a single carrier in order to prevent gaps or duplication. This explanation of insurance benefits is provided by Insurance Marketplace.

Machinery and Tools- Contractors

Machinery and Tools- Contractors
Commercial contractors equipment insurance is a broad-ranging policy designed to cover damaged or missing contracting equipment. A contractor’s insurance policy can extend beyond simply covering equipment; it can also cover small tools, employees’ equipment and clothing, and borrowed equipment. In the event of a covered loss, contractors equipment coverage can even help pay for the removal of debris and cleanup after an accident. Contractors insurance also helps cover losses due to theft and can help pay the costs to expedite a project that is off schedule as the result of a covered loss. A contractor’s equipment insurance policy covers tools and equipment under its replacement cost coverage benefit. Scheduled equipment that is less than five years old at the time of loss is covered on a replacement cost basis with the option to purchase additional replacement cost valuation options. Tools and equipment that are purchased after a contractor’s equipment insurance policy takes effect will automatically be covered for a period of time. This way the newly purchased equipment is covered while the commercial contractor has time to update their policy. Employee tools and clothing are also covered under contractors equipment insurance policy. This explanation of insurance benefits is provided by Insurance Marketplace.

Motor Home/Travel Trailers (Commercial Use)

Motor Home/Travel Trailers (Commercial Use)
Commercial motor home and travel trailer risks can be difficult to place. Race car drivers, musicians, entertainers film production companies, catalogue salescompanies, claims adjusters, and businesses that have travelling exhibits are common examples of people or businesses that need this coverage. Coverage is also available for business personal property in the motor home or trailer. This explanation of insurance benefits is provided by Insurance Marketplace.

Moving Companies

Moving Companies
Moving and storage companies are responsible for their clients' personal and commercial goods from the time the load is removed from the client's home or place of business, during transit, while in temporary storage, until it is delivered to (and unloaded at) its final destination. Coverage is available for auto liability and physical damage, general liability, the client's goods while in transit and in storage, the client's business personal property, and workers compensation. This explanation of insurance benefits is provided by Insurance Marketplace.

Municipal and Public Entities Liability

Municipal and Public Entities Liability
This specialized liability policy is available from a number of insurers. It covers the liability requirements of cities, counties, townships, and other public entities. In certain states, the coverage insures the liability imposed on the public entity by law and liability that the public entity assumed by contract to the extent that it could legally do so. Some public entity policies cover specific personal injury offenses in addition to bodily injury. The definition of insured includes the named public entity, as well as its additional insureds, officials, servants, and employees. This coverage applies to both commercial general liability and auto liability. This explanation of insurance benefits is provided by Insurance Marketplace.

Nightclubs

Nightclubs
Nightclubs are entertainment venues with live bands or DJs and dancing. Some nightclubs are for under 21’s and alcohol free but most have significant liquor exposures. There is usually an entrance fee or cover charge and bouncers are often employed to maintain security both at the door as well as within the establishment. Commercial property, general liability, liquor liability, and workers compensation coverages are all needed but may be difficult to place. This explanation of insurance benefits is provided by Insurance Marketplace.

Oil/Chemical Risks

Oil/Chemical Risks
Offshore Oil Drilling and Service Risks, Oil and Gas Deficiency Insurance- Guaranteed Performance, Oil Drilling EquipmentOil Drilling Rigs and Well Servicing Equipment, Oil Jobbers/Petroleum Distributors, Oil Landmen and Lease Brokers Errors and Omissions, Oil Lease Property (Oil Field Equipment), Oil Well Liability, Operators Extra Expense- Oil and Gas. This explanation of insurance benefits is provided by Insurance Marketplace.

Outdoor Recreational Facilities

Outdoor Recreational Facilities
National and state parks provide individuals and families a variety of opportunities for outdoor camping and recreation. Outdoors enthusiasts fill privately owned camping grounds and hunting and fishing preserves each weekend as well as during the week. Insurance packages are available that cover liability exposures such as saddle animals, horseback trail rides, archery clubs, shooting ranges, hunting and fishing clubs, recreational trails, resort hotels and motels, dude ranches, winter recreational activities and canoe, kayak, river rafting, and whitewater rafting. Auto liability coverage is available for buses and vans that transport guests to canoe and river rafting sites and for cross-country trips. Some programs also cover buildings and equipment owned by hunting and fishing lodges, hotels, and motels. General liability insurance is also available for clubs and members who lease land from others for hunting and fishing. Coverage is also available for landowners who rent out their land for hunting. This explanation of insurance benefits is provided by Insurance Marketplace.

Pet Coverages

Pet Coverages
Pet Accident and Health Insurance, Pet Grooming Liability, Pet Mortality Risk. This explanation of insurance benefits is provided by Insurance Marketplace.

Railroad Property and Liability Coverages

Railroad Property and Liability Coverages
There are many different types of railroad exposures, including short line, regional, light transit, national, and others. Lloyd's of London or other insurers with underwriting units that specialize in the railroad business usually write property coverage on railroad rolling stock and other railroad property. Federal Employers Liability Act (F.E.L.A.) coverage is needed to cover work-related injuries to all railroad employees in addition to commercial general liability, and cargo legal liability coverage. Foreign rolling stock coverage is also needed to insure the railroad's legal liability for damage to non-owned rolling stock while in its care, custody, or control. This explanation of insurance benefits is provided by Insurance Marketplace.

Shopping Centers- Malls

Shopping Centers- Malls
Shopping centers may qualify as a specialty insurance risk if the property limits are extremely high. High concentrations of building and contents values, extremely large undivided floor areas, windowless buildings, exposures from hazardous occupancies, and exterior exposures are some property-related considerations that must be weighed and evaluated. Shopping malls may include supermarkets, restaurants, bowling centers, and motion picture theaters that must be underwritten carefully. Public liability exposures related to crowd control inside the building and parking lot incidents outside the building are significant. This explanation of insurance benefits is provided by Insurance Marketplace.

Shopping Centers- Strip

Shopping Centers- Strip
A strip shopping center may have only one tenant or may have multiple tenants, but all tenants areas are entered from the parking lot or sidewalk. There is no common interior area that is the shopping center owner’s responsibility. Some strip shopping center owners own multiple centers, which usually makes the overall property schedule more attractive due to the spread of risk. Parking lot exposures and vacancy are the two most difficult issues to address. This explanation of insurance benefits is provided by Insurance Marketplace.

Umbrella Liability- Commercial

Umbrella Liability- Commercial
These liability coverage forms provide excess general liability, automobile liability, and employer’s liability limits. They also provide the insured with an element of protection against exclusions and gaps in the primary coverage forms or policies. Umbrella liability coverage is triggered when the limits of the primary insurance are exhausted or when a claim arises that primary insurance excludes but that the umbrella covers. Coverage is excess over only the scheduled underlying liability coverages. This explanation of insurance benefits is provided by Insurance Marketplace.

Video Games/Arcade Centers

Video Games/Arcade Centers
This is general liability coverage for owners of video game and arcade centers. Coverage applies to injuries to game players and other non-employee persons on the premises. Some underwriters include the liability coverage in a package policy, with property coverage usually written on an "all risks" type basis, including replacement cost valuation on property. Loss of earnings coverage and transit coverage is also available. Underwriting factors that must be considered are the premises location, its condition, staffing, and management experience, and stability. This explanation of insurance benefits is provided by Insurance Marketplace.

Weather-related Coverages

Weather-related Coverages
Weather insurance is designed to protect the insured sponsor of an outside event or a manufacturer that designs a product (whose promotion depends on a weather-related risk). This coverage is especially useful in three situations: (1) cancellation of events, such as outdoor concerts, civic and fraternal outdoor events, carnivals, lawn parties, outdoor weddings and receptions, parades, and sporting events; (2) as a marketing sales tool, such as an air conditioner manufacturer that offers incentives to customers in order to increase sales but then endures a cool summer, or a snow blower manufacturer that offers refunds if the winter’s snow accumulation is substantially less than average; or (3) to stabilize cash flow, such as when too little snowfall reduces a ski equipment manufacturer's sales. Insurers set objective and observable criteria that must be met in order for a payout to occur. An application that gives details of the event or promotion must be completed before coverage takes effect. This explanation of insurance benefits is provided by Insurance Marketplace.

Workers Compensation

Workers Compensation
Workers compensation insurance is based on a system of state laws that require employers to provide medical care, disability benefits, and lost wages to employees injured or disabled in the course of their employment. This explanation of insurance benefits is provided by Insurance Marketplace.

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The 58th Edition of The Insurance Marketplace by Rough Notes contains more than 700 coverages, programs, and service industry categories and is the most widely used directory in our industry for locating Specialty Market Providers. 

If you see a coverage you are interested in, please reach out through the contact us button for more information. 

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Specialty insurance coverages and programs are offered by independent agencies that market/sell those insurance products. These coverages come from companies known as "Specialty Market Providers" or "SMPs" and are represented by The SIG Insurance Agencies.

The SIG Insurance Agencies, 25 Crescent St, Stamford, CT 06906, USA | Phone: 203-359-0880