Insurance Coverage Advisory
Part of Biscayne Risk & Insurance Group’s strategy of managing insurance costs is coverage analysis and negotiation. After a business assessment, we gain an understanding of your operations, and are able to advise you on coverages most applicable to your business. Following our discussion, we will begin our negotiations with our carrier partners. Due to our experience, strong relationships, and respect in the marketplace, we are able to obtain the most appropriate terms for our clients. We will provide you with coverage options and associated costs so you can make an educated business decision about how to manage your company’s risk.
Types of Insurance Coverage
Property & Casualty
Insures against damage to buildings, contents, and loss of income
Issued to business organizations to protect them against liability claims for bodily injury (BI) and property damage (PD)
System by which no-fault statutory benefits are provided to an employee due to a job-related injury
Includes auto liability and auto physical damage coverages
Designed to provide protection against catastrophic losses. Generally is written over various primary liability policies
Coverage for damage to property caused by flood.
Inland or ocean marine insurance covering property in transit
Insurance for property in transit over land
Designed to provide coverage for loss of or damage to jewelry that is the stock of jewelry retailers, wholesalers, and manufacturers
property insurance for works of art, typically written on a valued basis
Policy that is designed to cover property in the course of construction
Owners Contractors Protective (OCP)
Liability policy that covers the named insured’s liability caused, in whole or in part, by an independent contractor’s work for the insured
Controlled Insurance Program (OCIP/CCIP)
A centralized insurance program under which one party procures insurance on behalf of all (or most) parties performing work on a construction project
Coverage designed to protect professionals against liability incurred as a result of errors and omissions
Directors & Officers
Covers D&O for claims made against them resulting from managerial decisions that have adverse financial consequences.
Employment Practices Liability
Insurance for wrongful acts arising from the employment process incl wrongful termination, discrimination, sexual harassment, and retaliation, among others
Provides several different types of crime coverage, such as employee dishonesty, forgery or alteration, computer fraud, and funds transfer fraud
Covers a business’ liability for a data breach in which the firm’s customers’ or employees’ personal information is exposed or stolen
Coverage against insolvency of a customer, which provides protection against payment default on loan, interest, or scheduled payments
Liability policies for specific marine entities such as charterers, marina operators, ship repairers, stevedores, terminal operators and wharfingers
Hull & Machinery
Marine insurance covering damage sustained to an insured vessel
Protection & Indemnity (P&I)
Liability insurance for maritime liability risks associated with the operation of a vessel
Covers costs associated with pollution clean-up, as well as liability claims for related injuries, illnesses or deaths.
Coverage for bodily injury or property damage caused by an intoxicated person who was served liquor by the policyholder
Package policy protecting employers’ foreign assets, employees, and liabilities
Package coverage for the sponsor of public or private events including property, liabilities, and cancellation
Biscayne Risk will obtain the best insurance terms for your business
Biscayne Risk & Insurance Group wants to help you manage your insurance program by understanding your operations, negotiating the best terms, and educating you on the pros and cons of each policy so you can make an informed decision.