Commercial Property/Inland Marine
Commercial Property Insurance is a first-party insurance that protects the insured against loss of property already accumulated or loss of property to be earned. Property insurance coverages may include physical damage or loss, loss of income and extra expenses, inland marine, boiler and machinery, and crime coverage.

COC or Builder’s Risk Hard Costs coverage is provided on structures under construction including: foundations, temporary on-site structures, materials, supplies, and equipment intended to become part of the permanent structure or building. COC Soft Costs coverage may be available and would include such items as: loss of interest, permits, engineering fees, and any other re-occurring costs or fees. Typical covered causes of loss include: vandalism, malicious mischief, windstorm, aircraft, fire, and theft.

Equipment Floater Property Insurance covers equipment that is often moved from place to place while being in the care, custody and control of the insured. This coverage would include mobile equipment, tools, construction machinery-steamrollers, blacktopping machinery, etc.

Electronic Data Processing Floater is a special form of policy written to cover external risks of direct physical loss to computers, word processors hardware, and software. This may also include: extra expense and business interruption coverage for the insured to continue normal operation of his or her business, following damage to or destruction of the data processing system, component parts, and/or data processing media.

A Boiler and Machinery policy is used to cover almost every kind of equipment for containing pressure, heating or cooling, or generating or transmitting power. Boiler and Machinery insurance covers accidental breakdown that could destroy or damage the machine, as well as an explosion of the steam equipment and the subsequent damage caused to other property as a result of the accident.

A Difference In Conditions policy is a special policy typically purchased to cover the gaps not covered in a standard property policy. DIC policy coverages can include: collapse, flood, and earthquake.

An Installation Floater is a true floater where coverage starts when the items to be installed are transported to the customers premises and remains in place until the interest of the contractors ceases or the owner accepts whichever comes first. Contractors who regularly install items off premises should consider this coverage.

Jewlers Block Insurance was originally developed at Lloyd's of London in the late 1880's by a diamond merchant's clerk named Thomas March. Mr. March, who was concerned at the inability of his employer to obtain insurance against theft, was friendly with one of the leading Lloyd's Underwriters of the day and between them they devised the first Jewellers Block policy. The Jewellers Block Policy is an "all risk" coverage, which means that the insurer must specify what is not covered. If a risk is not in the list of exclusions, it is covered. Typical risks that are covered are Burglary, Robbery, Shoplifting, Grab and Run, Trick Loss, Substitution and Accidental Damage, in addition to the usual risks such as Fire.

If you are in need of any information not listed here, please visit our Frequently Asked Questions page, or Contact Us and we will be happy to assist you with any information you need.

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