Specialty Insurance

ISU John C Conklin Agency offers more than 700 insurance products over and above the coverages sold by most independent agencies.

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

Category Coverages

Complete Event Protection

Events, both small and large, can take many unexpected turns. Risk exposure for clients include interruptions, problematic weather, and liability. This Category of specialty insurance coverage includes four important policies: Special Event Liability, Event Cancellation, Weather Insurance, and Prize Indemnity. Whether you're planning a wedding, a hole-in-one grand prize at a tournament, or a music festival for thousands, this is coverage you'll want to understand.

Complete Event Protection
  • Prize Indemnity

    Prize indemnity insurance is indemnification insurance for a promotion in which the promoter pays a premium to an insurance company, which then reimburses the insured should a prize be given away.


Flood Insurance

Flooding is defined by the National Flood Insurance Program as a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or two or more properties (at least one of which is your property) from: Overflow of inland waters, unusual and rapid accumulation or runoff...

Flood insurance policies cover physical damage to your property and possessions from floods or flood-related losses due to rising water in high risk areas. The federal government runs the National Flood Insurance Program (NFIP), which can issue flood insurance policies. Even if you have, renters, condo, landlord, mobile home or business insurance, you may need to purchase a separate flood insurance policy to have protection from flood damage. Most homeowners insurance policies do not cover damage caused by flooding. This is important to check when getting flood insurance quotes. If your community participates in the National Flood Insurance Program (NFIP), you can buy flood insurance coverage through agents enrolled in the NFIP-Direct program.

Flood Insurance
  • Commercial Excess Flood Program

    Our Commercial Excess Flood Program provides coverage excess of an NFIP policy limit.

  • Commercial Primary Flood

    Philadelphia Insurance Companies (PHLY) understands that protecting your business assets from a flood is very important.

  • National Flood Program

    Philadelphia Insurance Companies (PHLY) is an authorized federal flood insurance writer, with flood programs available in all 50 states.


Individual Coverages

Accountants Professional Liability

Accountants Professional Liability

Employment Practices Liability

Employment Practices Liability

Additional Categories

Architects and Engineers, Professional

Architects and Engineers, Professional
This coverage protects individual architects, engineers, architectural firms, and engineering firms against allegations of damages due to their professional negligence. Coverage is written on a claims-made basis and is usually subject to high deductibles.

Automobile Insurance Plans-Physical Damage

Automobile Insurance Plans-Physical Damage
This is physical damage coverage for automobiles placed in a state specific Auto Insurance Plan or Assigned Risk Plan for liability coverage. Some states provide physical damage within the plan but others do not. This explanation of insurance benefits is provided by Insurance Marketplace.

Automobile Leasing Contingent Liability- Physical Damage

Automobile Leasing Contingent Liability- Physical Damage
This is physical damage coverage for automobiles placed in a state specific Auto Insurance Plan or Assigned Risk Plan for liability coverage. Some states provide physical damage within the plan but others do not. This explanation of insurance benefits is provided by Insurance Marketplace.

Automobile Nonstandard Liability- Physical Damage

Automobile Nonstandard Liability- Physical Damage
Motorists who cannot find comprehensive and collision insurance coverages with standard markets at regular rates must obtain them through nonstandard markets at surcharged rates. The same companies that offer nonstandard liability coverage often also offer physical damage coverage. Physical damage coverage on high-powered sports cars, automobiles equipped for racing, specially equipped automobiles, and automobiles with fiberglass bodies is especially hard to place. This explanation of insurance benefits is provided by Insurance Marketplace.

Automobile Physical Damage (Kits/Replicas/CustomCars)

Automobile Physical Damage (Kits/Replicas/CustomCars)
Auto physical damage insurance is available for cars built by their owners or by others on the owner's behalf. Some of these are "replicars," which are replicas of antique and classic autos constructed from kits. All of these vehicles tend to need high physical damage values so substantial deductibles may be required. This explanation of insurance benefits is provided by Insurance Marketplace.

Automobile Repossessors Liability

Automobile Repossessors Liability
Businesses that repossess automobiles have difficult liability exposures and require expert handling. General liability, especially personal and advertising injury liability, is required to cover the operations exposure. In addition, auto liability for tow truck operations is required. Drive-away coverage is needed to cover the liability exposure on the vehicle being repossessed and garagekeepers legal liability is needed to cover vehicles while in the insured's care, custody, and control. This explanation of insurance benefits is provided by Insurance Marketplace.

Automobile Sport and High Performance Cars

Automobile Sport and High Performance Cars
Automobile manufacturers design some very sophisticated and high-powered automobiles for customers who use them for everyday driving and transportation with a possibility of weekend racing. At one time most road racing or drag racing enthusiasts custom-built their own performance cars from stock models using custom racing equipment. These drivers were also usually very experienced racing enthusiasts and knew how to handle such cars. The introduction of high-powered vehicles to non-racing drivers can be deadly to both the driver and others because they lack training and do not understand the vehicle's power. Standard markets often decline to insure these vehicles. This explanation of insurance benefits is provided by Insurance Marketplace.

Coastal Properties

Coastal Properties
Property insurance coverage for residential and commercial properties in coastal areas often does not cover windstorms. Varieties of cooperative programs are available through state wind plans but some private carriers are available to provide this needed coverage. All coastal windstorm policies are subject to large deductibles, either as a flat amount or as a percentage of the limit of insurance. Flood coverage is also needed and available through the National Flood Insurance Plan (NFIP). Because the NFIP limits are often inadequate, excess coverage above those limits is available. This explanation of insurance benefits is provided by Insurance Marketplace.

Consultants Professional Liability

Consultants Professional Liability
Consulting firms advise their clients on specific management or business problems. The services provided can include offering advice on employment practices, sales development, time management, executive search, marketing strategies, computer testing, and other matters. Insurance coverage is usually tailored to match the specific services the consulting firm offers. Underwriters evaluate every activity the business conducts before they accept it and determine the appropriate premium to charge. This explanation of insurance benefits is provided by Insurance Marketplace.

Dentist Professional Liability

Dentist Professional Liability
This coverage protects dentists against claims for injury that arise from alleged malpractice, error, or mistake in rendering professional services. It may be written for individuals or partnerships and includes all professional activities at the dental office. Most companies that write this coverage insure only members of recognized local, county, and state professional societies. This explanation of insurance benefits is provided by Insurance Marketplace.

Directors and Officers Liability- Non-Profit organizations

Directors and Officers Liability- Non-Profit organizations
This coverage protects the nonprofit itself, its directors and officers, employees, and even committee members. Some carriers include a limited amount of this coverage as part of their package policies. Trade, fund-raising, and research organizations, churches, fraternal organizations, and other nonprofit organizations are eligible. Farm co-operatives and hospitals are difficult classes for this coverage. Some underwriting factors to consider are stability of operations, length of time in operation, and whether the organization generates enough revenue to meet its expenses. Some companies cover employment practices liability as part of this coverage. This explanation of insurance benefits is provided by Insurance Marketplace.

Employment Benefit Plans Liability

Employment Benefit Plans Liability

This insurance covers the insured employer against claims made by its current or former employees due to damages caused by negligent acts, errors, or omissions in the employer’s administration of employee benefit programs. It covers claims resulting from the giving of incorrect advice concerning an employee's health care or pension plan or for failing to enroll employees under a benefit program. It usually excludes all fiduciary responsibility. It may be written on a separate policy or be endorsed to the employer's commercial general liability policy. This explanation of insurance benefits is provided by Insurance Marketplace.

Typical Coverages:
  • General Liability
  • Contractors
  • Products Liability
  • Lessor’s Risk 
  • Employee Liability
  • Cyber-liability
  • Lessors Risk
  • Commercial Liability Risk

Employment-Related Practices Liability

Employment-Related Practices Liability
Federal, state, and local regulations prohibit a number of employment-related practices. This insurance covers the insured if it or any of its employees are accused of any of the prohibited practices. The coverage provides a list of the federal regulations that can be cited in a claim such as age, race, gender, or disability discrimination. It also covers allegations of harassment and retaliation. This explanation of insurance benefits is provided by Insurance Marketplace.

Equipment Leasing-Lessor Protection

Equipment Leasing-Lessor Protection

Equipment leasing contracts require that the lessee insure the leased equipment. However, at times the lessee does not meet its obligation. In order to protect its interest in the equipment when such a lapse occurs, the owner can purchase contingent coverage that pays for its interest in the equipment. This coverage can be broadened to include the lessee's interest. This explanation of insurance benefits is provided by Insurance Marketplace.

Typical Coverages:
  • General Liability
  • Property Damage
  • Business Income
  • Terrorism 
  • Earthquake, Flood, Windstorm
  • War 
  • Total Loss 
  • Workers Compensation

Errors and Omissions/Professional Liability (Medical)

Errors and Omissions/Professional Liability (Medical)
This explanation of insurance benefits is provided by Insurance Marketplace.

Farm and Ranch Properties

Farm and Ranch Properties
Farms and ranches have always been considered a specialty line of insurance. Some major carriers have separate divisions to underwrite farm, ranch and/or agribusiness risks. Dwellings, farm buildings, equipment, and livestock at one location can expose significant values to a single loss. Most farm properties are unprotected and do not have readily available water or paid fire department service. Policies written on farms and agribusinesses often combine both personal and commercial property and liability exposures. Larger farms and corporate farms are usually underwritten as commercial lines while family farms are underwritten as more personal lines. This explanation of insurance benefits is provided by Insurance Marketplace.

High Valued Commercial Property

High Valued Commercial Property
Companies interested in writing high-valued commercial property risks usually establish minimum property values they will consider. The coverage tends to be more generous with a number of additional coverages and coverage extensions. These accounts are subject to significant deductibles and are often written with multiple layers. Unique loss prevention services are often available. Geographic, weather and climatic factors affect the coverages available and premiums charged. This explanation of insurance benefits is provided by Insurance Marketplace.

High Valued Personal Property

High Valued Personal Property
Customized insurance coverages are available for high-valued luxury homes, high-rise condominiums, or town homes. Many of these residences are located in coastal or mountain areas with problematic property exposures. In addition to standard homeowners forms, some unique coverage enhancement endorsements are also available. Examples of such enhancements are excess wind, excess flood, earthquake, vacant property, rental property, builders risk, and inland marine. This explanation of insurance benefits is provided by Insurance Marketplace.

Industry/Vendor Service Provider

Industry/Vendor Service Provider
This category lists service providers available to the insurance agent. These providers offer claims, loss control, risk management, rental car, glass repair, restoration services, and other specialized industry service needs. These services are usually paid based on commissions or a schedule of fees. This explanation of insurance benefits is provided by Insurance Marketplace.

Lawyers Professional Liability

Lawyers Professional Liability
Lawyers professional liability covers the law firm and the individual attorneys who work for the firm against claims that allege negligence, errors, or omissions in performing their duties as lawyers. Availability, limits, and deductibles vary based on the particular law firm's specialties and the number of partners and other employees. 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.

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.

Nonprofit Agencies

Nonprofit Agencies
There are over 1.6 million nonprofits in the United States and the number grows by 5% each year. These organizations have a unique needs that standard commercial lines coverage forms and commercial lines underwriting often do not properly address. Coverage needs to include: property, general liability, professional liability, abuse & molestation, automotive liability, workers comp, accident & health, directors & officers liability, employment practices liability, and special events liability. This explanation of insurance benefits is provided by Insurance Marketplace.

Parking Garages and Parking Lots

Parking Garages and Parking Lots
Liability coverages on independent parking garages and lots can be difficult to place, especially those located in the downtown areas of larger cities. Commercial general liability and garagekeepers legal liability coverages are available for parking facilities. Rates are based on the number of parking spaces. As a part of this package, coverage may be available for valet parking offered by nightclubs, restaurants, and hotels. This explanation of insurance benefits is provided by Insurance Marketplace.

Pet Coverages

Pet Coverages
Pet Accident and Health Insurance, Pet Grooming Liability, Pet Mortality Risk. This explanation of insurance benefits is provided by Insurance Marketplace.

Product Liability- Hazardous or New Products

Product Liability- Hazardous or New Products
Certain types of manufactured products have particularly hazardous products liability exposures. Drugs, cosmetics, chemicals, and ladders are some examples. Many domestic insurance companies write insurance on these classes of business on only a very limited basis. In addition, very few standard markets are interested in insuring certain types of new products, particularly drugs. Specialized markets are available to write this coverage that involves providing a complete description of the product along with complete chemical and/or engineering reports. Businesses engaged in manufacturing and installing solar-heating equipment and burglar and fire alarm equipment have a very real need for this coverage. This explanation of insurance benefits is provided by Insurance Marketplace.

Professional Employers Organizations

Professional Employers Organizations
PEOs are organizations that manage and administer the human resources functions of their clients by contractually assuming substantial employer rights and responsibilities. They establish and maintain the employer relationship with the workers assigned to them. The types of workers, lengths of contracts, and the contractual obligations are important factors carriers consider when underwriting a specific risk. This explanation of insurance benefits is provided by Insurance Marketplace.

Professional Liability

Professional Liability
Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability insurance may take on different forms and names depending on the profession, especially medical and legal, and is sometimes required under contract by other businesses that are the beneficiaries of the advice or service. Coverage sometimes provides for the defense costs, including when legal action turns out to be groundless. Coverage does not include criminal prosecution, nor a wide range of potential liabilities under civil law that are not enumerated in the policy, but which may be subject to other forms of insurance. Professional liability insurance is required by law in some areas for certain kinds of professional practice. 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.

Railroad Property and Liability Coverages

Railroad Property and Liability Coverages
There are many different types of railroad exposures, including short line, regional, light transit, national, and others. Lloyd's of London or other insurers with underwriting units that specialize in the railroad business usually write property coverage on railroad rolling stock and other railroad property. Federal Employers Liability Act (F.E.L.A.) coverage is needed to cover work-related injuries to all railroad employees in addition to commercial general liability, and cargo legal liability coverage. Foreign rolling stock coverage is also needed to insure the railroad's legal liability for damage to non-owned rolling stock while in its care, custody, or control. This explanation of insurance benefits is provided by Insurance Marketplace.

Technology Professional Liability

Technology Professional Liability
A type of insurance designed to cover providers of technology services or products. For example, data storage companies and website designers provide technology services, while computer software and computer manufacturers offer technology products. Tech E&O policies cover both liability and property loss exposures. Technology Professional Liability insurance or IT Liability insurance protects all types of technology professionals if a client alleges that you were professionally negligent or failed to perform duties as promised in your contract. Some of your clients may require that you and your sub-contractors carry this insurance. The right kind of policy can protect both the IT consulting company and sub-contractors from claims of a perceived error or omission, even if the problem occurs months after the initial consultation. Technology companies and startups are a unique type of business with very specific insurance requirements. In addition to the standard types of coverage like general liability insurance or property insurance, the operational risks that tech companies face trigger insurance needs that are solved by more nuanced lines of coverage like technology errors and omissions insurance and cyber liability insurance. If you run a technology business or are thinking about starting one, this insurance guide should help you understand what types of coverage to consider and why. This explanation of insurance benefits is provided by Insurance Marketplace.

Umbrella Liability- Personal

Umbrella Liability- Personal
This is umbrella liability coverage for individuals instead of corporations. Executives and professionals are excellent prospects. It increases the existing primary personal liability limits of insurance by providing additional limits. Coverage applies to personal, automobile, aircraft, watercraft, and employers’ liability, and professional liability or malpractice for professionals but only if such underlying policies are scheduled. Umbrellas often provide broader coverage than the scheduled underlying. There is a self-insured retention that applies only when the umbrella provides coverage for a loss that is not covered in the underlying. The amount of the self-insured retention varies among companies. This explanation of insurance benefits is provided by Insurance Marketplace.

Vacant Properties Insurance

Vacant Properties Insurance
Vacant properties are difficult to place, especially if the owners do not maintain them properly. A major problem with a vacant property is that it may not be considered a financial asset. This problem results in a moral hazard because the insured profits more from the loss of the property than from its remaining in good condition. Vacant buildings can become havens for vagrants or drug users and fires can be started intentionally or accidentally. Small fires may go unnoticed until the building is heavily involved. Fire departments often allow such buildings to burn down rather than risk the lives of firefighters. The longer a property remains vacant, the more difficult it becomes to maintain coverage. This explanation of insurance benefits is provided by Insurance Marketplace.

Vacation Income Property

Vacation Income Property
Unoccupied vacation property that is a financial drain to the owner can be turned into an income producer. When it is unoccupied the expenses for a caretaker to watch over it rise as does the cost to insure a vacant dwelling. However, a property management firm can be hired to oversee and rent out the property. The rental fee should pay for the property management fees, all ongoing costs required to keep the property maintained and generate a profit for the owner. This explanation of insurance benefits is provided by Insurance Marketplace.

Valet Parking

Valet Parking
Hospitals, restaurants, country clubs, hotels, museums, and individuals contract with valet parking services as a courtesy for their guests. Guests stop at a marked valet station, give the vehicle’s key to the attendant, and receive a ticket. The valet parks the vehicle in the appropriate area. When the guest returns, presents the ticket, and pays the parking fee, the valet retrieves the vehicle and returns it to the guest. Additional services such as automobile detailing and shuttle services may also be provided. This explanation of insurance benefits is provided by Insurance Marketplace.

Vessel Pollution

Vessel Pollution
Pollution caused by vessels, such as the Exxon Valdez incident in Prince William Sound in Alaska, can lead to extremely large losses. The vessel pollution coverage pays damages for leaks and spills of crude refined oil and other chemicals by ocean-going vessels that harm the environment. The United States Coast Guard (USCG) must approve any insurer that provides this coverage before coverage is placed with it. If an incident does occur, all clean-up must be conducted according to the Oil Pollution Act of 1990 and any subsequent revisions. This explanation of insurance benefits is provided by Insurance Marketplace.

Veterinarians Professional Liability

Veterinarians Professional Liability
This coverage protects veterinarians from claims for damages that result from alleged malpractice, errors or omissions in the rendering or failing to render professional veterinary services. Underwriting and pricing is based on the services provided and the types of animals involved. Coverage applies to employed veterinarians, partners, and individual veterinarians. This explanation of insurance benefits is provided by Insurance Marketplace.

Yachts and Pleasure Boats

Yachts and Pleasure Boats
Package-type policies are available for most types of power and sailing vessels. Property coverage is usually provided on an "all risks" type basis for physical damage (hull) coverage. Liability is provided under protection and indemnity type coverage. Passenger, water skiing liability and property coverage on equipment and trailers are optional coverages that are available. Coverage for boat trailers, personal effects, medical payments, and uninsured boaters are other important available options. Watercraft more than 25 years of age is usually written under separate antique and classic boat programs. This explanation of insurance benefits is provided by Insurance Marketplace.

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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. 

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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 ISU John C Conklin Agency.