| |
ASG can provide coverage for the following Property Casualty
exposures:
Automobile
Boiler & Machinery/Equipment Breakdown
Bonds
Builders' Risk
Business Income
Cargo/Transportation
Computers/Electronic Data Processing Equipment
Crime
Difference in Conditions
Directors' & Officers' Liability
Directors' Travel Accident
Employment Practices Liability
Excess Umbrella Liability
Fiduciary Liability
Flood
Foreign Liability
General Liability
Grain In Transit Contamination
Grain Title/Mortgaged & Stolen Grain
Mobile Equipment
Mortality Coverage
Ocean Marine
Pollution Liability
Products Recall
Professional Liability
Stock
Wharfinger's Legal Liability
Workers' Compensation
Automobile
Provides liability protection for sums you are legally required to pay due to
bodily injury and property damage caused by an accident resulting from the use
of a covered auto. Your business vehicles may also be covered for direct physical
damage (comprehensive and collision) up to the vehicle’s actual cash value.
return to top
Boiler & Machinery/ Equipment Breakdown
Coverage is provided for explosion of steam boilers, steam pipes, steam turbines
and steam engines and artificially generated electrical currents (electrical
arcing) that damage or destroy electrical appliances, devices, fixtures, motors
or wiring. return to top
Bonds
Bonds are guarantees or warranties, not insurance, and are usually required
by federal, state or local governments. You agree to pay the bond obligee if
you do not perform according to your obligation. The bonding company will then
seek reimbursement from you for all sums paid to the obligee. Examples are USDA
Warehouse Bonds, Grain Dealer Bonds, License and Permit Bonds, Performance Bonds,
Toll Road Credit Guarantee Bonds, Gas/Oil Bonds and ERISA Bonds. return
to top
Builders’ Risk
Insures your property that is under construction. Coverage can be provided for
the building(s) being constructed, materials used in the construction which
may be stored off premise or while in transit. return to top
Business Income
Following a covered property loss, you are paid for the net income you would
have earned had the loss not occurred. This also includes increased expenses
you incur to continue operations at the same or new location following the loss.
return to top
Cargo/Transportation
Insures your property while in transit on a vehicle you own or while in transit
by a conveyance owned by others. Also insures property of others which is in
your care, custody or control when that property is in transit in or on vehicles
you own, lease or operate. return to top
Computers-Electronic Data Processing Equipment
Provides coverage on your computers, terminals, printers, teleprinters, readers,
electronic cash registers, computer programs, tapes, disks, cells and cards.
return to top
Crime
Pays for loss of property or funds due to dishonest or fraudulent acts by your
employees, forgery or alteration of a check, draft or note by a third party
other than employees and the theft, disappearance or destruction of money and
securities either inside or outside your premise. Coverage may also be written
to include the burglary, robbery of theft of your stock, contents and other
business property from your premise. return to top
Difference In Conditions
Provides coverage for those perils excluded from a property policy such as flood,
earthquake, volcanic eruption, mudslides, waves, tides and tidal waves. It can
also turn a Property Policy into an “All Risk” form when the insurer
is only willing to write named peril coverage. return to top
Directors’ & Officers’ Liability
Protects the entity, past and present directors & officers, past and present
managers and past and present employees for losses they are legally obligated
to pay due to claims brought for wrongful acts and errors and omissions while
acting in their insured capacity. These claims can include financial failure
of the entity, mishandling of employment related matters and personal profiting.
return to top
Directors Travel Accident
Coverage can be written for all directors and managers and pays for loss of
life or dismemberment resulting from an accident that happens at home, work
or vacation anywhere in the world. It also supplements on the job coverage by
paying benefits in addition to those paid by Workers’ Compensation. return
to top
Employment Practices Liability
Protects the insured from employment claims made during the policy period due
to wrongful acts. The two most common employment related claims are sexual harassment
and discrimination. Claims can arise out of coercion, criticism, demotion, evaluation,
defamation, humiliation and termination. return to top
Excess Umbrella Liability
Provides third party liability protection against claims for bodily injury and
property damage you become legally obligated to pay. This protection can be
in excess of underlying Automobile Liability, General Liability, Employers’
Liability and Umbrella Liability. return to top
Fiduciary Liability
The policy pays loss on behalf of the insured resulting from a breach or alleged
breach, error or omission of fiduciary duty of Employee Benefits Liability.
The allegations may include denial or change in benefits, error in the administration
of a plan, improper advice, improper plan termination, what investment options
to include in a 401K Plan, monitoring those investments and educating employees
on those options. return to top
Flood
The policy provides coverage on property for losses caused by, resulting from,
contributed to or aggravated directly or indirectly by flood, surface water,
waves, tides, tidal waves and overflow of any body of water. return
to top
Foreign Liability
The Foreign Liability Policy will cover bodily injury and property damage liability
arising out of products or goods sold outside the standard coverage territory
(USA, its territories and possessions, Puerto Rico and Canada) and claims brought
outside the coverage territory. A Foreign Policy can also insure personal property,
business income, crime, automobiles, international voluntary Workers’
Compensation, kidnap/ransom & extortion and products withdrawal expense.
return to top
General Liability
Provides third party liability coverage for claims you become legally required
to pay due to bodily injury (injury to another person) or property damage (damage
to another’s property). Defense is provided against suits asking for such
damage. The following optional coverages can be added to General Liability:
•Ag Consulting (Livestock & Chemical)
•Crop Application
•Seedman’s Liability
•Employee Benefits Liability
•Keep Fill Coverage
•Misdelivery of Liquid Products
•Liquor Liability
•Employers’ Liability (Stop Gap for Monopolistic
States)
•Terminal Access Agreements return
to top
Grain In Transit-Contamination
Pays for loss resulting from seizure and condemnation of grain or beans (excluding
seed grain or seed beans) by federal, state or public authorities due to insect
infestation, animal or bird excrete or filth or chemical contamination resulting
from treatment of the property for such conditions or for rodent or insect extermination.
return to top
Grain Title/Mortgaged & Stolen Grain
This coverage pays for monetary loss as a result of your purchase of grain from
others which was stolen or to which the seller did not have clear title. return
to top
Mobile Equipment
Insures your business mobile equipment, both on and off premise, and property
of others including leased, rented or loaned property while in your care, custody
and control. return to top
Mortality Coverage
The policy pays for direct physical loss caused by the death of covered livestock
while being held in feedlots or pastures at locations listed. The animals insured
must be described in the schedule. return to top
Ocean Marine
Provides coverage on your property being shipped by vessel, air, mail or parcel
post. return to top
Pollution Liability
The policy pays for loss on behalf of an insured who is legally obligated to
pay as a result of claims made for pollution conditions emanating from insured
locations which cause bodily injury, property damage and clean up costs and
which are neither expected or intended from the standpoint of the insured. return
to top
Products Recall
This coverage pays for the cost of recalling a product that has been determined
unsafe or unfit for human consumption. The product itself is not included for
coverage. return to top
Professional Liability
Protects your interests as a result of bodily injury or property damage liability
claims arising out of professional services rendered. Professional Liability
can include:
•Ag Consultants
•Construction Consultant
•Engineers
Property Provides coverage on all business buildings and other business facilities,
all installed fixtures and machinery including movable machinery and all business
personal property you own or lease. Coverage can be written:
•Actual Cash Value
•Replacement Cost
•Stated/Agreed Amount
•Modified Actual Cash Value
•Salvage Value return to top
Stock
Insures your grain and seed or other agricultural products, merchandise held
in storage or for sale, raw materials, in process or finished goods and supplies
used in packing or shipping. This includes stock held by you under storage contract
or specific agreement in trust. Coverage may be written specific or monthly
reporting and is written on an actual cash value basis. return
to top
Wharfinger’s Legal Liability
The policy pays on behalf of the insured those sums the insured is obligated
to pay by reason of liability imposed by law for loss or damage to vessels and/or
barges, their equipment, cargo and freight all owned by others being used by
the insured. return to top
Workers’ Compensation
Provides your employee injured on the job with medical benefits, loss of income
benefits, death benefits (for survivors) and rehabilitation services as required
by your state’s law. Coverage includes Employers’ Liability which
pays all sums you are legally required to pay as damages because of bodily injury
to your employees for which you are liable to a third party by reason of a claim
or suit against you by that third party to recover damages as a result of an
injury to your employee. return to top
|
