St. Paul has been the endorsed carrier of the IBAA since 1983, providing all major coverages for financial institutions including bond, directors and officers and other P-C coverages. IBAA's total membership includes 5,500 community banks. Construction Xtra provides blanket coverage for equipment owned, rented, leased or borrowed, with no coinsurance clause. Blanket coverage for builders is provided with no occupancy limitation. Installation floater coverage is offered with no coinsurance penalty.
Higher limits are available as an option.
Auto repair garages program expands Carter Insurance Group of Tampa, Florida, which administers an insurance program for auto repair garages and service stations, has expanded the program to 21 states and plans to offer it nationally within a year. The program provides building and contents coverage, business interruption, garage liability, garagekeepers insurance, commercial auto liability and physical damage, crime, umbrella liability and other specialty and ISO coverages. It also is establishing some sub-producer relationships in the original program states of Alabama, Arizona, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Virginia.