Specialty Government Insurance

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The Specialty Government Insurance Guide

Government Insurance

Government Insurance. This guide provides information on excess, surplus and specialty lines small business insurance policies and risks.

Here you can find basic descriptions of the specific industry risks or specialty coverage types available for Government Insurance.

For certain types of small businesses, particularly new ones - it is often very hard to know what types of commercial insurance is needed, what the risks are that should be covered - and where to find coverage.

We wanted to provide reference for specialty commercial insurance to help our readers get a better understanding of Government Insurance policies they might need to do business.

Learn about Specialty Government Insurance to better understand common risks, exposures and the types of commercial insurance coverage available to protect your small business and it's operations.

Government Insurance Types

Click on the links below to learn more about Specialty Government Insurance types and coverages:



What Is Airport Owners And Operators Liability Insurance?

Airport operators or fixed base operators need airport liability coverage and hangarkeepers legal liability coverage on their operations. Aviation liability coverage forms provide this coverage. Aircraft hull and liability coverage is also needed when the operations include ownership and rental of planes to individual pilots or student pilots.


What Type Of Insurance Do Buses Need?

Liability and physical damage coverage for buses is rated under the public automobile section in automobile rating manuals. This class of business is often difficult to place through standard markets. Underwriting considerations include the number of passengers that can be carried, annual mileage, and the bus's use. Examples are intracity, airport, hotel, resort, and school buses. Most states require minimum mandatory financial responsibility limits based on the number of passengers carried.


What Is Educators And Teachers Individual Professional Liability Insurance?

Teachers and other educators can be sued by or on behalf of students for actual or alleged injury or damage. While the employing school or district has a responsibility to defend the teacher, the objective of that school or district is to first protect itself. The individual will have little control of the action and may actually lose all coverage and defense if the school or district's limits of liability are exhausted by payments of other suits. This coverage is purchased by the individual for his or her own protection. It includes defense coverage plus high limits of indemnity against allegations of not providing appropriate or effective professional services such as inadequate supervision, assault, damage to property and more.


What Is Emergency Medical Technicians Errors And Omissions Insurance?

Timely response by professional emergency medical technicians (EMTs) to their patients' needs is the cornerstone of pre-hospital emergency care. Their professional liability exposures can be covered under a group policy that insures the emergency medical unit. The group policy can also cover ambulance services, fire departments, first-aid teams, and rescue squads. Professional liability coverage for EMT instructors/coordinators is also available.


What Is Firefighters Accident, Death And Disability Insurance?

Firefighters face hazards and exposures that require special accident and health policies. Policies are available that compensate for accidental death, dismemberment, permanent disability, and certain specified diseases. Members of fire departments who respond to fire alarms or perform other firefighting duties are usually eligible for these coverages. Some insurers offer premium discounts for associations of fire departments. Emergency Medical Technicians (EMT) that are part of the fire department may also be eligible for these insurance benefits.


What Is Law Enforcement Officers Liability Insurance?

Law enforcement officer or police professional liability coverage forms or policies provide broad coverage to law enforcement agencies and their individual law enforcement officers. They cover the law enforcement agency of any political subdivision named as the insured, along with all paid full-time and part-time individual law enforcement officers. This coverage insures against third-party suits or claims for bodily injury liability and personal injury liability, including legal defense against such actions. Acts such as false arrest, erroneous service of civil papers, false imprisonment, libel, slander, defamation of character, violation of property rights, and assault and battery in the course of making an arrest are covered. This coverage can be purchased by only law enforcement agencies-not individual officers.


What Type Of Insurance Do Libraries Need?

Insurance for public libraries may be written on a stand-alone basis or as part of a municipal package that covers city and county libraries. The stand-alone package is a combination of property, commercial general liability, business auto, and other specialized insurance coverages. Inland marine coverages insure fine arts, valuable papers, books, visual aids, and other library property. Coverage for limited first-party pollution cleanup may also be included. Coverage also applies to book spoilage due to changes in temperature. Property coverage extends off premises to apply to exhibitions, outdoor sculptures and monuments, and computer equipment. Commercial general liability coverage that includes medical payments coverage for staff and volunteers is available. Directors and Officers liability, employment practices liability, and Errors And Omissions liability for librarians are optional coverages that can be purchased.


What Is Municipal And Public Entities Liability Insurance?

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.


What Is Planners Professional Liability Insurance?

Nearly every governmental entity and most developers use professional planners. Planners utilize data to forecast a community's future needs for infrastructure and similar support facilities. Planning breaks down even further into the subspecialties of comprehensive planning, urban planning, site/master planning, economic planning, traffic/transportation planning, zoning and permitting, land use planning, environment planning, and historic preservation. Planners cannot be blamed for making incorrect predictions but they do have a professional exposure if they are negligent or perform wrongful acts in the process of gathering and analyzing information and making recommendations.


What Type Of Insurance Do Power Distribution - Electric Utilities Need?

Electricity is not useful unless it is distributed. Electric cooperatives, public utility divisions, municipalities, and co-generation systems are examples of distributors. Their coverage needs include at least property, crime, equipment breakdown, general liability, auto liability and physical damage, D&O, workers compensation, and umbrella liability.


What Type Of Insurance Does The Private Corrections Industry Need?

The privatization of the prison correctional system in the United States is well established. Local, state, and federal authorities often turn to private industry to provide correctional services. Coverages available include commercial general liability, products/completed operations liability, medical malpractice, and errors and omissions. These coverages are usually written on a claims-made basis and errors and omissions coverage usually covers violations of civil rights.


What Is Public Housing Authorities Liability Insurance?

This coverage insures public housing authorities that own, lease, or manage low-income housing or that administer low-income assistance programs available through the U.S. Department of Housing and Urban Development (HUD). Policies can be written to cover public officials' liability, errors and omissions, directors and officers coverage, and commercial general liability exposures.


What Is Public Officials Liability Insurance?

This coverage protects public officials elected or appointed to a legally constituted public entity. It is similar to directors and officers and board of education liability insurance. It provides direct coverage to the public official or a reimbursement to the public entity to indemnify an official, if permitted by law. It is written in the public entity's name and covers legal liability that arises from wrongful acts that occur while the public official is in office. Prospects for this coverage include park boards, city councils, sanitary districts, and air or port authorities.


What Is Public Utilities Insurance?

Underwriting public utilities requires knowledge and capacity. Basic coverages available include insurance on real and personal property, improvements, and betterments, including fixtures, alterations, installations, additions, and newly acquired property. Some insurers offer Difference in Conditions and Builders Risk coverage in addition to the basic perils. Electromagnetic fields (EMFs), particularly those produced by high-voltage power lines, have been implicated in a number of human illnesses, including leukemia and brain cancer. Studies to date are inconclusive but the fear of living or working near high-voltage power lines has diminished the values of property adjacent to them. Some insurers that write public utilities have developed liability coverage for EMF exposures. This EMF coverage is usually added to existing commercial general liability policies and various limits are available.


What Type Of Insurance Do Rehabilitation Projects Need?

Buildings being rehabilitated in order to retain significant older structural features or historical landmarks, to obtain special tax credits, or simply to reduce the costs involved in new construction present difficult builders risk exposures and are difficult to place. Property values do not begin at zero, as in standard builders risk exposures, because rehabilitation projects already have existing foundations, frames, walls, and roofs. A sublimit usually applies to the value of the building's shell during the demolition and rehabilitation phases. Establishing partial occupancy before the project is complete can be a concern, especially in commercial rehabilitation jobs as well in some residential work. Starting with an existing structure requires fire protection, welding and cutting precautions, protective fences, lighting, and guard services that may not be required with new construction.


What Type Of Insurance Do Social Services Agencies Need?

Coverage for the professional liability exposures of social services agencies may be insured under a professional liability program specifically designed for their needs. The coverage's major emphasis is on professional services rendered by the insured agency and its employees in individual, family, or group therapy, interview, or counseling sessions. Limited medical malpractice coverage is provided when employed psychiatrists on the staff desire such coverage. Agencies eligible for the program include drug and alcoholism rehabilitation centers, state or federal social service referral agencies, community service agencies, agencies involved with individual and family therapy, domestic counseling, and group therapy, child guidance clinics, and agencies that treat developmentally challenged, autistic, and psychotic children.


What Is Social Workers And Welfare Workers Errors And Omissions Insurance?

This insurance covers the liability of social workers and welfare workers while engaged in professional services for social agencies and welfare agencies. This coverage is often written in the name of the agency itself and applies to employed, qualified social and welfare workers who work for the agency.


What Type Of Insurance Do Water And Sewer Entities Need?

This category includes public and private entities that treat, store, or distribute water and wastewater. Some examples are water districts, mutual water companies, sewer districts, investor-owned utilities, and irrigation and reclamation districts. Two important general liability coverages especially needed are failure to supply and back-up of sewer and drains. If these coverages are offered, their sublimits and exclusions must be reviewed. Other coverages needed are property, professional liability, inland marine, equipment breakdown, public officials' management liability, automobile liability and physical damage, and workers compensation.


What Type Of Insurance Do Water Irrigation And Reclamation Districts Need?

Reclamation districts collect wastewater, treat it, and then supply water for irrigation and flood control. Water districts do the same thing but usually only supply water for public consumption and industrial use. These districts are operated by an independent board that is subject to municipal oversight. Most water irrigation/reclamation district programs are written in California where irrigation is very important to farmers, but programs for water districts are expanding into other states. Property, boiler and machinery (equipment breakdown), inland marine, auto liability, general liability, and directors and officers liability coverages are available.


Government Insurance - The Bottom Line

We hope that the Government Insurance helps you to better understand the some of the specialty small business commercial insurance policies available for your business. To find out what types of coverage your unique business needs, speak to a professional commercial broker with experience in insuring businesses like yours.

Specialty Small Business Insurance Guide By Industry, Risk Or Policy Type



Types Of Small Business Insurance - Requirements & Regulations

Perhaps you have the next great idea for a product or service that you know will appeal to your local area. If you've got a business, you've got risks. Unexpected events and lawsuits can wipe out a business quickly, wasting all the time and money you've invested.

Operating a business is challenging enough without having to worry about suffering a significant financial loss due to unforeseen and unplanned circumstances. Small business insurance can protect your company from some of the more common losses experienced by business owners, such as property damage, business interruption, theft, liability, and employee injury.

Purchasing the appropriate commercial insurance coverage can make the difference between going out of business after a loss or recovering with minimal business interruption and financial impairment to your company's operations.

Small Business Information

Insurance is so important to proper business function that both federal governments and state governments require companies to carry certain types. Thus, being properly insured also helps you protect your company by protecting it from government fines and penalties.

Small Business Insurance Information

In the business world, there are many risks faced by company's every day. The best way that business owners can protect themselves from these perils is by carrying the right insurance coverage.

The The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.

Commercial insurance is particularly important for small business owners, as they stand to lose a lot more. Should a situation arise - a lawsuit, property damage, theft, etc. - small business owners could end up facing serious financial turmoil.

According to the SBA, having the right insurance plan in place can help you avoid major pitfalls. Your business insurance should offer coverage for all of your assets. It should also include liability and casual coverage.

Types Of Small Business Insurance

Choosing the right type of coverage is absolutely vital. You've got plenty of options. Some you'll need. Some you won't. You should know what's available. Once you look over your options you'll need to conduct a thorough risk assessment. As you evaluate each type of insurance, ask yourself:

  • What type of business am I running?
  • What are common risks associated with this industry?
  • Does this type of insurance cover a situation that could feasibly arise during the normal course of doing business?
  • Does my state require me to carry this type of insurance?
  • Does my lender or do any of my investors require me to carry this type of policy?

A licensed insurance agent or broker in your state can help you determine what kinds of coverages are prudent for your business types. If you find one licensed to sell multiple policies from multiple companies (independent agents) that person can often help you get the best insurance rates, too. Following is some information on some of the most common small business insurance policies:

Business Insurance Policy Type What Is Covered?
General Liability InsuranceWhat is covered under commercial general liability insurance? It steps in to pay claims when you lose a lawsuit with an injured customer, employee, or vendor. The injury could be physical, or it could be a financial loss based on advertising practices.
Workers Compensation InsuranceWhat is covered under workers compensation insurance? This type of insurance protects a business and its owner(s) from claims by employees who suffer a work-related injury, illness or disease. Workers comp typically provides the injured employee with benefits to cover medical expenses, a portion of his/her lost wages, rehabilitation costs if applicable, and permanent partial or permanent total disability.
Product Liability InsuranceWhat is covered under product liability insurance? I pays an injured party's settlement or lawsuit claim arising from a defective product. These are usually caused by design defects, manufacturing defects, or a failure to provide adequate warning or instructions as to how to safely use the product.
Commercial Property InsuranceWhat is covered under business property insurance? General liability policies don't cover damages to your business property. That's what commercial property insurance is for. It protects all of the physical parts of your business: your building, your inventory, and your equipment, giving you the funds you need to replace them in the event of a disaster. If you work from home, you might consider a Home Based Business Insurance policy instead.
Business Owners Policy (BOP)What is covered under a business owners policy (BOP)? This is a policy designed for small, low-risk businesses. It simplifies the basic insurance purchase process by combining general liability policies with business income and commercial property insurance.
Commercial Auto InsuranceWhat is covered under business auto insurance? This type of insurance covers automobiles being used for business purposes. This could include a fleet of business-only vehicles or a single company car. In some cases it might cover your car or your employee's car while they're being used for business. These policies have much higher limits, ensuring you can cover your costs if one of these vehicles gets into an accident.
Commercial Umbrella PoliciesWhat is covered under commercial umbrella insurance? This type of policy is a sort of "gap" insurance. It covers your liability in the event that a court verdict or settlement exceeds your general liability policy limits.
Liquor Liability InsuranceWhat is covered under liquor liability insurance? It covers bodily injury or property damage caused by an intoxicated person who was served liquor by the policy holder.
Professional Liability (Errors & Omissions)What is covered under professional liability insurance? This type of business insurance is also known as malpractice oe E&O. It covers the damages that can arise from major mistakes, especially in high-stakes professions where mistakes can be devastating.
Surety BondWhat is covered under surety bonds? Bonding is a contract where one party, the SURETY (who assures the obligee that the principal can perform the task), guarantees the performance of certain obligations of a second party, the PRINCIPAL (the contractor or business who will perform the contractual obligation), to a third party, the OBLIGEE (the project owner who is the recipient of an obligation).


Who Needs General Liability Insurance? - Virtually every business. A single lawsuit or settlement could bankrupt your business five times over. You might also need this policy to win business. Many companies and government agencies won't do business with your company until you can produce proof that you've obtained one of these policies.

Business Insurance Required by Law
Small Business Commercial Insurance

If you have any employees most states will require you to carry worker's compensation and unemployment insurance. Some states require you to insure yourself even if you are the only employee working in the business.

Your insurance agent can help you check applicable state laws so you can bring your business into compliance.

Other Types Of Small Business Insurance

There are dozens of other, more specialized forms of small business insurance capable of covering specific problems and risks. These forms of insurance include:

  • Business Interruption Insurance
  • Commercial Flood Insurance
  • Contractor's Insurance
  • Cyber Liability
  • Data Breach
  • Directors and Officers
  • Employment Practices Liability
  • Environmental or Pollution Liability
  • Management Liability
  • Sexual Misconduct Liability

Whether you need any or all of these policies will depend on the results of your risk assessment. For example, you probably don't need an environmental or pollution policy if you're running an IT company out of a leased office, but you would need data breach and cyber liability policies to fully protect your business.

Also learn about small business insurance requirements for general liability, business property, commercial auto & workers compensation including small business commercial insurance costs. Call us (855) 767-7828.

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