Auction Houses

Auction houses are considered nonstandard fire risks due to factors such as poor water supply, distance from a public or volunteer fire department, poor housekeeping, and often below-average building construction. Establishing appropriate insurance to value on consigned personal property for which an auction house may be legally liable is often difficult and limits the number of markets available to provide … Read More

Installment Sales Floater

Retail stores that sell merchandise on time payments or on deferred payment plans have an insurable interest in the merchandise until the customer makes the last payment. If such merchandise is damaged, the customer stops making payments and the store sustains a loss. Installment sales coverage indemnifies the store for the unpaid or outstanding balance owed on the merchandise that … Read More

Food Street Vendors

Cities, towns, and municipalities license food vendors to sell food from mobile units on sidewalks or along streets and roads. These vendors sell a wide variety of food, including hot dogs, tacos, egg rolls, various ethnic sausages, and other ready-to-eat foods. Insurance packages are tailored to the vendor’s needs and usually cover property, inventory, supplies, general and products liability, and … Read More

Farmers Markets

Farmers markets are open-air markets where farmers and others display and sell their goods. While the primary draw is the fresh produce, vendors may sell baked goods, fresh fish and meat, prepared items, and crafts. Food concessionaires may also sell various types of restaurant food and drinks. The local market committee and local regulations determine the type of vendors that … Read More

Franchise Sponsored Mass Marketing Programs

Insurance agents and/or carriers develop these tailor-made programs to respond to the insurance needs of a specific franchisor or association of franchisees. The franchise’s group bargaining power provides the leverage to obtain better coverage at more reasonable prices. These programs also assure the franchisor that contractual coverages are available to the franchisees.