Umbrella | Specialty

EXCESS Liability & Umbrella

This covers over and above what a standard CGL offers

  • Excess Liability –Increases the liability limit of an underlying CGL policy

  • Umbrella – Increases the liability limit of an underlying policy and adds extra coverage a CGL may not provide

Crime Insurance

This protects a business when goods have been stolen. It only covers stolen goods and does not cover damage to premises during the course of a crime.

  • For employee theft

  • Theft of Money & Securities for theft, disappearance, and destruction of money and securities only

  • Robbery or Burglary – For all items stolen in a robbery or burglary excluding money or securities

  • Robbery or Safe Burglary – For all items stolen in a robbery or safe burglary excluding money and securities or an ordinary burglary

Cyber Insurance

This is for a business storing confidential data.

  • Covers data breach recovery, restoration, notification, legal fees and/or expenses from a breach, and systems repair.

Surety Bonds

This guarantees that a contracted performance obligation will be met. Contract Bonds ensure the completion of a large project on time and on budget. Some states, such as Texas, allow licensed casualty agents to provide bonds, whereas other states may require a separate license for bonds.

  • Completion Bond - May be required by financial lenders on a construction project to guarantee that borrowed funds will be sufficient to complete the job, they will be used for the project, and that no other parties will have a lien against the project

  • Supply Bond - Guarantees the supplier will have items at the price and quantity agreed upon

  • Bid Bond - Guarantees the winning bidder will accept the job and post a Performance Bond

  • Performance Bond - Guarantees a job will be performed to agreed-upon specifications

  • Payment Bond - Guarantees the contractor will not default on any payments owed to subcontractors, suppliers, etc.

  • Permit Bond - Guarantees that all permit processes will be followed and complied with

  • Fidelity Bond - Guarantees against employee theft

Each policy will have stipulations, limits, and exclusions. Extensions, riders, and floaters are available to fill any gaps. The information on this website is an overview of the types of insurance you may be able to purchase, but does not comprise full explanations of policy types nor does it guarantee any particular coverage or policy.