If your business has specialized insurance needs, count on the specialists at Allen Insurance to help you identify and cover them.
International Insurance covers companies that conduct business outside the USA for coverages such as premises and product liability; automobile liability; workers’ compensation and employers’ liability; property (including transit); kidnap and ransom; confiscation and civil war; crime; business interruption; difference in limits and conditions; and endemic disease.
• Travel Insurance.
• Marine Crew Insurance.
Liquor Law Liability Insurance protects a business from the threat of lawsuits arising from the sale, distribution or serving of liquor to an "intoxicated" person later involved in an accident. Businesses that sell, distribute or serve liquor at social, business or fund-raising functions may need this insurance, whether or not they do business in states having liquor liability statutes.
Equipment Breakdown Coverage—Also known as Machinery Breakdown Insurance or Machine Equipment & Boilers Insurance, this protects against loss from disruption of boilers and machinery; damage to other property; business interruption losses, or all three.
Pollution Insurance protects against liability exposure that may result from damage, injury and, in some cases, clean-up costs caused by pollution, which is excluded by most standard business liability policies.
Fiduciary Liability Insurance covers legal liability arising from claims for alleged failure to act “prudently,” as defined by the Pension Reform Act of 1974. The insured can be a trust or employee benefit plan, trustee, officer or employee of the trust or employee benefit plan, employer who is sole sponsor of a plan, or any other individual or organization designated as a fiduciary. Associations that have pension plans and trustees to administer the plan should purchase this coverage.
A fiduciary bond can be purchased for executors, administrators, guardians, trustees and receivers. Furnished under direction of a court, it guarantees the performance of the terms of a will or similar document. Banks and trust companies are required to purchase many of these bonds in the course of their business.