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Municipal Commercial Insurance

Ruese Insurance Group Municipal Commercial InsuranceMunicipalities represent a wide range of insurance needs, extending beyond the basic property and liability protection. Below are some important coverages you should consider for your Municipality:

 

 

 

 

Property Insurance
Description - Insurance which indemnifies a person with an interest in physical property for its loss or the loss of its income-producing ability.

Example- You have a fire on your premises damaging your building, contents or property of others. This insurance will provide coverage up to the limits for each on your policy.

General Liability Insurance
Description - A liability contract designed to provide the owner of an operation with the liability protection needed for the special hazards that exist there. It includes liability for bodily injury, property damage, personal injury, advertising injury, and fire damage.

Example – A customer comes to your facility and slips on a patch of ice on the sidewalk into one of your buildings, breaking his or her arm. They file a lawsuit against your company and win. You are ordered to pay for the doctors bills. This payment would come out of your general liability insurance.

Business Auto Coverage
Description – Provides coverage for both your company’s vehicles and the liability a company may have from their driving exposures.

Example – You carry $1,000,000 liability coverage and comprehensive and collision coverage on your vehicles. While on a delivery your driver causes an accident with another vehicle. Your liability insurance would pay for the property damage and bodily injury for the other vehicle and your collision coverage would pay for the damage to your vehicle.

Inland Marine Insurance
Description - A branch of the insurance business which developed from the insuring of shipments which did not involve ocean voyages. Exposures eligible for this form of protection are coverage for goods in transit and property away from an insured location, such as machinery, equipment and tools.

Example – You have your tools scheduled for $5000 on an inland marine policy. While at a jobsite your tools are stolen out of your job truck. Your Inland marine policy would provide coverage up to your $5000 limit.

Law Enforcement Liability
Description – Coverage for law enforcement officers while they are in the line of duty.

Example – An officer wrongfully imprisons a citizen. If the Citizen brings suit against the municipality coverage would be provided under the law enforcement liability section of the policy.

Public Officials Liability
Description - Coverage providing legal defense services to a public official if they are accused of job-related wrongdoing and also offer if they are sued and a judgment for money damages is issued against them.

Example – A zoning officer denies a request for a new zoning. The individual making the request brings suit against the municipality and the zoning officer. Public Officials liability would cover this situation up to the policy limit.

Boiler & Machinery Coverage
Description - Insurance against loss due to accidents to boilers, pressure vessels or other machinery including the equipment itself, as well as liability arising out of the accident.

Example – A boiler blows in one of your buildings causing damage to the building. This coverage would cover both the building and the boiler itself.

Crime Coverage
Description – A policy that protects you from employee theft, forgery and alterations, and left of money and securities.

Example - Your bookkeeper begins fraudulently changing credit card charge amounts and corresponding work orders. They then credit their own bank account and credit cards with the extra funds they charged to the company. This loss would be covered up the limit on the policy for employee theft.

Employment Practices Liability Insurance
Description – Protects you against the risks of employment practices claims such as discrimination, sexual harassment and wrongful termination.

Example – An employee files a sexual harassment suit against another employee and your company. The filing employee wins and receives a cash judgment. Your employment practices liability policy would cover both the legal costs and the judgment amount up to your policy limits.
Umbrella Liability Policy
Description - A liability policy designed to provide liability protection above and beyond that provided by standard liability contracts.

Example – Your company carries a $1,000,000 general liability policy and a $1,000,000 umbrella policy. You are sued for a general liability claim and the judge awards the plaintiff $1,200,000. Your general liability policy will cover the first $1,000,000. Your umbrella policy will then cover the remaining $200,000.

 


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