General Liability

Knight-LegalUnfortunately, minor incidents can lead to major lawsuits. This coverage protects you from most liability exposures other than automobile and professional liability. Some types that may be covered are:

  • Personal Injury & Advertising
  • Products & Completed Operations
  • Contractual
  • Employee Benefits
  • Foreign & International
  • Garage
  • Intellectual Property
  • Pollution
  • Product Recall

Umbrella or Excess Liability

Regrettably, with larger and larger lawsuit awards, a liability loss may exceed the limits of your General Liability, Auto Liability, and Employers Liability limits. This policy is designed to provide protection against catastrophic losses by providing limits in excess of these underlying liability policies. In essence, it provides additional limits of insurance.

Property Insurance

Indemnifies owner or user of property for the property loss, or the loss of its income-producing ability, when the loss or damage occurs from a covered peril, such as fire or theft.

Earthquake/Flood (DIC)

Some perils and exposures (such as Earthquake & Flood) are not covered by your standard property policy. A DIC policy is designed to address some of those perils and exposures and/or add additional limits.

Employment Practices Liability

Operating a business involves having employees. As a business hires, evaluate, promote, or terminate an employee, there is a possibility of a claim from doing any one of these processes and these processes are not insured under the General Liability policy.  The most frequent types of claims covered under such policies include: wrongful termination, discrimination, sexual harassment, and retaliation. In addition, the policies cover claims from a variety of other types of inappropriate workplace conduct, including (but not limited to) employment-related: defamation, invasion of privacy, failure to promote, deprivation of a career opportunity, negligent evaluation and third party claims.

Crime/Employee Dishonesty

An essential coverage that provides for theft (employee or otherwise) of money, forgery, securities, or property. Regrettably when these types of losses take place, the theft usually occurs over a long period of time and sometimes years.

Cyber/Data Liability

Privacy of confidential data is an area that is regulated by both Federal and State laws and is an increasing exposure for all businesses. Some of these laws require notification of a breach and the cost to address what is required in these laws can be enormous. Some confidential data includes: Employee’s Social Security Number, Driver’s license, Date of Birth, customer’s data and credit card information, and banking information. The policy covers a variety of both liability and property losses that may result when a business engages in various electronic activities, such as selling on the Internet or collecting data within its internal electronic network.

Business Auto

Knight-Business-AutoThe policy provides the owner from financial losses from a legal liability injury or damage of property. Additional coverages usually included are Comprehensive & Collision for the auto, rental car coverage, and Uninsured/Underinsured motorist.

Directors & Officers Liability

Serving on a company’s board as a member or officer is an honor. However even the most expert professional can make mistakes that could result in litigation. The policy provides coverage for management decisions or errors while operating in their respective capacity on boards for: privately held firms, for-profit businesses, not-for-profit organizations, and educational institutions.

Professional Liability

Some occupations need additional coverage due to the type of service they offer their clients. Some of the occupations are: attorneys, physicians, architects, computer programmers, CPA/accountants, engineers, and consultants. (The insurance only cover economic or financial losses suffered by third parties due to the other types of loss are typically covered under a commercial general liability (CGL) policy). The policies are usually Claims Made (covered for a certain time period) and the defense is within the policy limits (which can erode the total amount available for a loss).

Accounts Receivable (Credit) Insurance

A business relies on their clients to pay them for their product or services. If a client goes bankrupt or cannot pay the business, the policy provides protection against payment default on loan, interest, or scheduled payments.

Bonds

There are numerous types of bonds. Here are some that we offer: Surety Bonds, Bid/Performance Bonds, Contract Bonds, Fidelity Bonds, and Employee Dishonesty Bond.