Specialty Insurance

Conklin & Kraft Agency offers more than 700 insurance products over and above the coverages sold by most independent agencies.

In each of the coverage groups below, you will find short presentations that cover the highlights of that product.

Each presenter is an expert in his/her particular specialty. Specialty Insurance coverages are used in a variety of different businesses as essential elements of addressing frequent or significant risks.

Look for These Three Coverage Groups

Category Coverages

Most specialty insurance products include not only a basic, specialized coverage but also a variety of other coverages that are generally offered as a part of the overall need.

Individual Coverages

This section presents an explanation of individual coverages, many of which are offered within the categories. But there is also a growing list of these individual coverages that are “stand-alones”, available to meet specific needs not necessary a part of the categories.

Additional Categories

In the months ahead, we will be adding a more extensive explanation of these coverages, as you have seen above. This list of additional categories below contains a short explanation of each, and typical other individual coverages than are usually included.

Filter Results by Coverage Name (Use the first letter of any coverage title)

Category Coverages

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Individual Coverages

Marine Insurance

Marine Insurance

Additional Categories

Animal Mortality

Animal Mortality
Animal Mortality is life insurance on domestic animals, livestock, and zoological animals. It covers death from any cause that is not excluded as well as voluntary destruction of animals for humane reasons when certified by a veterinarian. See Bloodstock Insurance for coverage on horses, Livestock Mortality Insurance for coverage on other livestock, and Birds (Exotic) Insurance for coverage on birds such as parrots and ostriches. This explanation of insurance benefits is provided by Insurance Marketplace.

Earthquake and Earth Movement

Earthquake and Earth Movement

The market for earthquake and earth movement coverage is active. Availability, pricing, and deductible requirements vary by region. Determining the insured property's susceptibility to earthquake damage and earthquake preparedness are important parts of the underwriting process. Coverage is available under specific earthquake or earth movement policies or Difference in Conditions coverage forms. This explanation of insurance benefits is provided by Insurance Marketplace.

Typical Coverages:
  • Dwelling 
  • Other structures 
  • Personal Property
  • Loss of Use
  • Building Code Upgrades
  • Personal Valuables
  • Swimming Pools
  • Loss Assessment

Hazardous Materials & Hazardous Waste Haulers

Hazardous Materials & Hazardous Waste Haulers
Customer Profile - any insured who has vehicles that carry any material which if spilled, could be deemed as environmentally damaging. Such an incident would be excluded from standard auto coverage. PROGRAM FEATURES: • Commercial Trucker Forms, ISO Motor Carriers Coverage Form or Truckers Form (in some states). Motor Truck Cargo, Commercial General Liability for truckersCOVERAGES: • Auto Liability, Physical Damage, Excess Auto, Pollution, Cargo. Commercial General Liability. POLICY HIGHLIGHTS:• MCS 90 endorsements. Sudden and accidental pollution coverage, Upset and overturn, loading and unloading coverage, No minimum premiums, Regulatory filings provided. This explanation of insurance benefits is provided by Insurance Marketplace.

Hotels and Motels

Hotels and Motels
The standard markets usually insure hotels. However, some are much more difficult to place because of high property values and/or difficult liability exposures. Some hotels located in coastal areas are subject to heavy windstorms and hurricanes. Casino operations at some hotels introduce unique and unusual crime and liability exposures, while restaurants and bars present liquor liability exposures. Swimming pools, lakes, skating rinks, skiing, and other leisure activities for guests are examples of difficult liability exposures. Some hotels arrange trips for guests and programs for conventioneers. This explanation of insurance benefits is provided by Insurance Marketplace.

Inland Marine

Inland Marine
Inland Marine insurance indemnifies loss to movable or specialized types of property. Inland Marine provides coverage for a wide range of risks and property. Some examples are: crane and rigging equipment, logging equipment, scaffolding, rental equipment and party good dealers, any equipment-driven risk, well drilling and servicing, scientific equipment, medical equipment, jewelry and coin dealers, broadcasting equipment and property, warehousing legal liability, and railroad rolling stock. But a wide variety of other types of property and risks can also be covered. This explanation of insurance benefits is provided by Insurance Marketplace.

Machinery and Tools- Contractors

Machinery and Tools- Contractors
Commercial contractors equipment insurance is a broad-ranging policy designed to cover damaged or missing contracting equipment. A contractor’s insurance policy can extend beyond simply covering equipment; it can also cover small tools, employees’ equipment and clothing, and borrowed equipment. In the event of a covered loss, contractors equipment coverage can even help pay for the removal of debris and cleanup after an accident. Contractors insurance also helps cover losses due to theft and can help pay the costs to expedite a project that is off schedule as the result of a covered loss. A contractor’s equipment insurance policy covers tools and equipment under its replacement cost coverage benefit. Scheduled equipment that is less than five years old at the time of loss is covered on a replacement cost basis with the option to purchase additional replacement cost valuation options. Tools and equipment that are purchased after a contractor’s equipment insurance policy takes effect will automatically be covered for a period of time. This way the newly purchased equipment is covered while the commercial contractor has time to update their policy. Employee tools and clothing are also covered under contractors equipment insurance policy. This explanation of insurance benefits is provided by Insurance Marketplace.

Medical Professional Liability

Medical Professional Liability
Medical professional liability insurance, sometimes known as medical malpractice insurance, is one type of professional liability insurance which protects physicians and other licensed health care professionals (e.g., dentist, nurse) from liability associated with wrongful practices resulting in bodily injury, medical expenses and property damage, as well as the cost of defending lawsuits related to such claims.A medical professional liability insurance policy covers bodily injury or property damage as well as liability for personal injury such as mental anguish. The complexity involved in discovering negligence results in a higher percentage of premium dollars going toward defense and cost containment expenses. Medical liability insurers spend substantial funds investigating and defending claims where there is an adverse patient outcome not resulting from negligence.There are two basic types of malpractice insurance—occurrence or claims-made. Many insurers write on a claims-made form basis where a policy in effect at the time a claim is reported responds for the loss, while the policy remains in force and during any applicable extended reporting period. The policy that was more popular in earlier times is occurrence-made which covers a loss that “occurs” during the policy period, regardless of when the claim was made, and even after the policy has been canceled. This explanation of insurance benefits is provided by Insurance Marketplace.

Merchandise Risks

Merchandise Risks
The retail industry has always been subject to changing trends and designs. As advances in communications and global connectivity continue to grow, retailers have had to embrace a changing dynamic that includes shifting consumer preferences based on the latest trends, global economic uncertainty and vast online options. All retailers must balance factors such as brand image, price, quality, location, marketing savvy, expense tracking and nimble inventory management to maintain typically thin profit margins. As the owner of a general merchandise store, you should know that some of the best ways to stay profitable include being strategic in your locations and maximizing your revenue per square foot. You also need to find ways to differentiate yourself from other stores in this competitive field. As you work hard to improve on these aspects of your business, you should protect what you have built with a general merchandise store insurance policy that has the coverage you need. This explanation of insurance benefits is provided by Insurance Marketplace.

Mergers and Acquisitions

Mergers and Acquisitions
Regardless of the amount of due diligence that occurs when a company decides to acquire, be acquired, or merge with another company unanticipated situations often arise. Environmental, management, political, fiduciary, and benefit considerations can jeopardize the transaction successfully moving forward. A variety of specialized insurance coverages such as D&O, environmental liability, EPLI, property, workers compensation, and disability products may be purchased to eliminate or reduce some of the uncertainties. This explanation of insurance benefits is provided by Insurance Marketplace.

Motor Home Rentals

Motor Home Rentals
Motor homes can be rented forweekend excursions, family vacation trips, or commercial use on a short-term or long-term basis. This insurance is soldto the dealer.It covers the motor home while it is rented to others. The dealers passes this cost to the party that rents the motor home by adding it as one part of the overall rental fee. This explanation of insurance benefits is provided by Insurance Marketplace.

Motor Home/Travel Trailers (Commercial Use)

Motor Home/Travel Trailers (Commercial Use)
Commercial motor home and travel trailer risks can be difficult to place. Race car drivers, musicians, entertainers film production companies, catalogue salescompanies, claims adjusters, and businesses that have travelling exhibits are common examples of people or businesses that need this coverage. Coverage is also available for business personal property in the motor home or trailer. This explanation of insurance benefits is provided by Insurance Marketplace.

Motor Homes

Motor Homes
A motor home is a self-propelled land motor vehicle, designed and constructed to provide facilities for cooking and sleeping. Physical damage coverage extends to accessories, permanently attached equipment, and personal effects kept in the motor home. Bodily injusry and property damage liabilty, medical payments coverage, comprehensive, and collision (subject to specified deductibles), uninsured motorists protection, and vacation expense allowance coverage are part of the package. This explanation of insurance benefits is provided by Insurance Marketplace.

Motorcycle

Motorcycle
Motorcycle policy Insurance is usually available for all types of motorcycles including Harley-Davidson, Honda, Suzuki, Yamaha, Kawasaki and other popular brands as well as mopeds and scooters.  The motorcycle policy offers coverage for accessories, collision coverage, comprehensive, custom motorcycle coverage, trike coverage, vintage motorcycle coverage, actual agreed value option along with the standard coverage options of bodily injury liability, trip interruption coverage, uninsured motorist bodily injury and property damage. Discounts are available for multiple motorcycles, home ownership, motorcycle safety course completion and rider groups’ membership. The physical damage plus option allows you to have your bike repaired with original equipment manufacturer parts. This explanation of insurance benefits is provided by Insurance Marketplace.

Moving Companies

Moving Companies
Moving and storage companies are responsible for their clients' personal and commercial goods from the time the load is removed from the client's home or place of business, during transit, while in temporary storage, until it is delivered to (and unloaded at) its final destination. Coverage is available for auto liability and physical damage, general liability, the client's goods while in transit and in storage, the client's business personal property, and workers compensation. This explanation of insurance benefits is provided by Insurance Marketplace.

Municipal and Public Entities Liability

Municipal and Public Entities Liability
This specialized liability policy is available from a number of insurers. It covers the liability requirements of cities, counties, townships, and other public entities. In certain states, the coverage insures the liability imposed on the public entity by law and liability that the public entity assumed by contract to the extent that it could legally do so. Some public entity policies cover specific personal injury offenses in addition to bodily injury. The definition of insured includes the named public entity, as well as its additional insureds, officials, servants, and employees. This coverage applies to both commercial general liability and auto liability. This explanation of insurance benefits is provided by Insurance Marketplace.

Museums

Museums
A number of major insurers have developed property and commercial general liability package programs for museums, historical societies, and other groups that have collections of art and antiquities. Coverage is also available for private and public collections of jewelry, antiques, and sports memorabilia, among others. Collections are written on an inland marine coverage form that usually covers flood, earthquake, theft, and damage due to changes in temperature and humidity. Insurers usually require that the insured initiate and maintain certain loss control efforts. This explanation of insurance benefits is provided by Insurance Marketplace.

Property Management Errors and Omissions

Property Management Errors and Omissions
Property managers arrange for property maintenance, leasing or renting, construction, alteration, and land development. Any real estate firm must carefully supervise these and related activities in order to avoid errors and omissions claims. While many property managers are also real estate agents, not all are. This explanation of insurance benefits is provided by Insurance Marketplace.

Shopping Centers- Malls

Shopping Centers- Malls
Shopping centers may qualify as a specialty insurance risk if the property limits are extremely high. High concentrations of building and contents values, extremely large undivided floor areas, windowless buildings, exposures from hazardous occupancies, and exterior exposures are some property-related considerations that must be weighed and evaluated. Shopping malls may include supermarkets, restaurants, bowling centers, and motion picture theaters that must be underwritten carefully. Public liability exposures related to crowd control inside the building and parking lot incidents outside the building are significant. This explanation of insurance benefits is provided by Insurance Marketplace.

Vending Machines Floater

Vending Machines Floater
Inland marine coverage forms and policies insure owned vending machines when located away from the insured's premises. Coverage extends to such property while in transit but not when on the insured’s premises. This explanation of insurance benefits is provided by Insurance Marketplace.

Xray/Medical Imaging Centers

Xray/Medical Imaging Centers
If you own part of an imaging center, you may be exposed to malpractice insurance claims made against your physician liability insurance policy. It is important to provide a separate limit of insurance to cover your imaging center, providing a separate malpractice insurance policy to cover each risk element of your practice . Inadvertently many physicians assume that their medical malpractice insurance policies will cover this added exposure. Imaging centers need the protection of a strong and reputable medical malpractice insurance policy. The insurance company should also have a strong risk management program, including site visits and phone consultations designed to take measures to eliminate possible problems before they can result in claims. It is vital to make sure the malpractice insurance policy covers all of the exposures for the imaging center. Most MRI or x-ray clinics are unsure of what to look for when acquiring medical malpractice insurance.  Malpractice insurance needs to cover the particular services offered by the imaging center - including MRI and X-ray exposure, as well as their associated physicians. This explanation of insurance benefits is provided by Insurance Marketplace.

Haven’t found the coverages you're looking for?

As a USA InsureNet Agency, we have access to the nation's premier directory of specialty products and programs.  You can download this below.

The 58th Edition of The Insurance Marketplace by Rough Notes contains more than 700 coverages, programs, and service industry categories and is the most widely used directory in our industry for locating Specialty Market Providers. 

If you see a coverage you are interested in, please reach out through the contact us button for more information. 

Download the Directory



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Specialty insurance coverages and programs are offered by independent agencies that market/sell those insurance products. These coverages come from companies known as "Specialty Market Providers" or "SMPs" and are represented by Conklin & Kraft Agency.