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Insurance Products

Bond and Surety

 

Surety Bonds

Surety Bonds Professional Bonds the surety agrees to uphold—for the benefit of the obligee—the contractual promises (obligations) made by the principal if the principal fails to uphold its promises to the obligee. The contract is formed so as to induce the obligee to contract with the principal, i.e., to demonstrate the credibility of the principal and guarantee performance and completion per the terms of the agreement. Contract bonds guarantee a specific contract. Examples include performance, bid, supply, maintenance and subdivision bonds. Commercial bonds guarantee per the terms of the bond form. Examples include license & permit, union bonds, etc.Surety bonds are frequently used in the construction industry: in order to obtain a contract to build the project, the general contractor (and often the sub-contractors as well) must provide the owner a bond for its performance of the terms of the contract. Conversely, owners and contractors may also provide payment bonds to ensure that subcontractors and suppliers are paid for work done. Under the Miller Act, payment and performance bonds are required for general contractors on all U.S. federal government construction projects where the contract price exceeds $100,000.00. The scope of surety bond insurance includes performance, bid, supply, maintenance, and subdivision bonds. We recognize that choosing the right bond specific to your needs carries its own set of unique challenges, which is why we believe in one-on-one consultations. We will ask a broad range of questions about your bond requirements to better understand the risks you face, as well as the assets you are looking to protect, and we will offer clear advice in selecting a bond from a reputable and service oriented provider. Our approach is very different from what you may experience from a direct underwriter, especially from one whom provides quick quotes online. We build close relationships with our clients to allow us to foresee their ever-changing needs. Please give us a call for a free consultation.

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Financial Institutions

financialInstitutions Financial Institutions require a unique blend of coverages. We are experienced in writing these types of coverages and can provide you with a free consultation and review of your existing policies. Financial institution insurance policies are designed to provide financial coverage against unexpected loss arising due to theft, fire, natural disasters, and financial institution crimes like money laundering, counterfeiting and other unlawful activities. The insurance policies for financial institutions usually offer two different varieties of coverage. Legal Liability coverage and All Risks coverage provide the financial institutions with necessary safeguards in case of major asset loss. The insurance policies for professional indemnity basically deal with insurance coverage in case of claims made by third parties. These special insurance policies are designed to cover financial loss due to carelessness of employees and other professionals. Choosing the right insurance plan for your financial institution is more challenging today than it has ever been. We recognize that each financial institution has its own structure and carries its own set of challenges, which is why we believe in one-on-one consultations. We will ask a broad range of questions about the particular aspects of your company to better understand the risks you face, as well as the assets you are looking to protect, and offer clear advice in selecting a policy from a reputable and service-oriented insurer. Our approach is very different from what you may experience from a direct underwriter, especially one who provides quick quotes online. We build close relationships with our clients to allow us to foresee their ever-changing needs. Please give us a call for a free consultation.

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Public Company

Public company insurance Directors and Officers Liability insurance is commonly purchased with a companion product Corporate Reimbursement Insurance. When purchased together, a single insurance policy is normally issued which is titled "Directors and Officers Liability and Company Reimbursement Insurance". Modern Directors & Officers policies frequently include coverage for the Company Entity as well as Employment Practice Liability. D&O insurance is typically purchased and paid for by the company to attract and retain high quality executives and board members. Protecting your board of directors is more challenging today than it has ever been. If you are assembling a new board of directors, you want to make sure that they know they are covered in the unfortunate event of a lawsuit. We recognize that each industry, corporate structure and culture carries its own set of challenges, which is why we believe in one-on-one consultations. We will ask a broad range of questions about your business to better understand the risks you face, as well as the officers you are looking to protect, and offer clear advice in selecting a policy from a reputable and service oriented provider. Our approach is very different from what you may experience from a direct underwriter, especially one whom provides quick quotes online. We build close relationships with our clients to allow us to foresee their ever changing needs. Please give us a call for a free consultation.

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Professional Liability

profliability Professional liability insurance protects professional practitioners such as architects, lawyers, physicians, and accountants against potential negligence claims made by their patients/clients. The primary reason for professional liability coverage is that a typical general liability insurance policy will only respond to a bodily injury, property damage, personal injury or advertising injury claim. The above-mentioned professional services and products can cause claims without causing a bodily injury, property damage, personal injury or advertising injury. Common reasons alleged in making claims on these policies are negligence, misrepresentation, violation of good faith and fair dealing, and inaccurate advice. Professional liability insurance is designed to protect you, your family and your business from a broad range of potential hazards you face in your day-to-day operation. We recognize that each industry, corporate structure and culture carries its own set of challenges, which is why we believe in one-on-one consultations. We will ask a broad range of questions about your business to better understand the risks you face as well as the assets you are looking to protect and offer clear advice in selecting a policy from a reputable and service oriented insurer. Our approach is very different from what you may experience from a direct underwriter , especially one which provides quick quotes online. We build close relationships with our clients to allow us to foresee their ever changing needs. Please give us a call for a free consultation.

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