Miscellaneous Insurance

Crime Coverages
This is a generic term that is used to encompass a large variety of crime coverage forms available to protect against losses of money, securities, or property by such causes of loss as: employee dishonesty, forgery, theft, burglary, robbery, kidnap, fraud, and extortion.

Crime Insurance
This coverage is a component of the executive protection policy along with directors & officers, outside directorship liability and fiduciary liability.

This coverage provides payment for direct losses of money, securities, or other property caused by theft or forgery by an employee acting alone or in collusion with others. Coverage for premises, transit, and funds transfer fraud is also included.

Security Guard Liability
This coverage will pay claims that the Insured becomes legally obligated to pay for bodily injury or property damage to others as a result of the Insured's negligence arising out of the services provided by armed and unarmed security guards. Coverage includes damage to premises rented to the insured and personal and advertising injury liability.

Surety Bonds
A contract of suretyship, commonly known as a Surety Bond, is like a policy of insurance, in that one party agrees to make good the default or debt of another. The principal has the responsibility to perform or fulfill the prescribed obligation. The surety (insurance company) has the obligation to perform if the principal fails to meet the obligation.

The bond is unlike a policy of insurance, in that the principal (purchaser of the bond) can not request cancellation of the bond. The obligee (the party requesting the bond) will release the bond when the obligation is performed or fulfilled.