Contract surety is the most prevalent kind of suretyship. It is available to protect construction project owners against financial loss resulting from the failure or default of construction contractors. Insures corporate directors and officers against claims, usually by stock holders, alleging loss arising from mismanagement. Pays, on behalf of the insured, legal liability arising from claims for alleged failure to prudently act within the meaning of the Pension Reform Act of 1974. Covers lawsuits brought by employees against the insured employer alleging wrongful discharge, discrimination or sexual harassment.
Insurance is written to pay damages as well as defense costs.
TOP Homeowners and Auto Addresses insurance needs of personal lines clients with coverages ranging from Tenants policies to Homeowners and personal automobiles. In addition, coverage can be provided for boats, recreational vehicles, motorcycles and classic cars. TOP Commercial Property Commercial Property insurance is any type of insurance that indemnifies an insured party who suffers a financial loss because property has been damaged or destroyed. Property is considered to be any item that has value. The above is for illustration only and is only a partial list of coverages available in this category.