COMMERCIAL INSURANCE

PROPERTY & CASUALTY INSURANCE

Property and Casualty coverage are designed to protect company’s buildings owned and/or used for operations. Furniture and fixtures, equipment and machinery, raw stock, and finished goods are all protected against loss from perils such as: fire, hail, windstorm, civil commotion, vandalism, etc. Personal property of third parties while located in covered buildings or within 100 feet of the premises can also be insured. Contents located off premises are not covered and must be insured by alternate methods. The above is referred to as basic insurance coverage and can be broadened to include other threats.

GENERAL LIABILITY

General Liability insurance is among the broadest protections available. This coverage protects your business from claims arising from alleged bodily injury, personal injury, property damage, contractual liability among others. It includes protection for services you render or products you sell. Coverage payments can include judgments, attorney fees, court costs, or other related expenses.

UMBRELLA

An umbrella policy acts as an excess coverage over primary liability policies. This policy provides protection against catastrophic liability claims. An umbrella policy has three advantages: 1) additional lawsuit coverage, 2) added coverage for defense costs, and finally 3) provides liability coverage for some lawsuits not covered by primary policies.

WORKERS COMPENSATION / EMPLOYERS LIABILITY

Workers’ Compensation is a state-mandated insurance that provides lost income, medical expenses and rehabilitative services for employees injured on or while performing work-related tasks. Additionally, Workers’ Compensation helps protect employers from lawsuits initiated by employees injured during their employment.

AUTO LIABILITY

Commercial auto insurance is vehicle insurance policy that provides financial protection to repair or replace business-owned or personal vehicles used for commercial purposes and its drivers, as well as pay claims of any third-party injured in the accident.

ENVIRONMENTAL

Environmental / Pollution exclusions in General Liability and Property Insurance policies are an uninsured or underinsured exposure. The risk can vary greatly, whether it's government regulations, consumer concern on environmental issues, or protecting new assets. To fill this gap in insurance coverage, a number of specialized environmental insurance policies can be designed to address a wide range of loss exposures. Environmental risks vary greatly which is why it is important to design the proper coverage structure for your property or operation—whether it’s cleanup costs, bodily injury, business interruption, transportation, or more to mitigate economic exposure correlated with the various environmental risks.

PRODUCT LIABILITY / CLINICAL TRIALS

Product Liability protects from claims related to the manufacture or sale of goods to the public due to alleged negligence in the manufacture or packaging of products made by the insured.

Clinical Trial insurance can protect all key stakeholders — institutions, investigators, contract research organizations (CROs), sponsors, institutional review boards (IRBs)/ethics committees (ECs), and trial participants. Companies can still be sued and found negligent even with signed Informed Consent Forms are in place. Even with excellent protocol design and thorough preclinical research, exposure to an investigational product in a clinical trial presents bodily injury risk to participants and, through legal proceedings and judgments, financial and reputational risk to all trial stakeholders. The risks arising during clinical trials can be mitigated or transferred through a well designed insurance global program. Expertise in risk management becomes even more critical when designing global placements with often required foreign local admitted policies.

CARGO / STOCKTHROUGHPUT INSURANCE

Marine cargo policies in general only cover goods in ordinary route of transit from warehouse to warehouse.
Stock throughput policy, on the other hand, combines worldwide transit and storage exposures into a single policy, with continuous, wide-ranging coverage for all stock and materials in trade.

PATENT ABATEMENT INSURANCE

Intellectual Property (IP) Abatement Insurance is a unique, plaintiff’s policy, which reimburses the Litigation Expenses to help enforce the policy holder’s IP rights made up of patents, trademarks, copyrights and trade secrets. This policy helps level the playing field, enabling a resolution based upon the merits of the case by providing access to funds to help enforce the policy holder’s IP against infringers.