Specialty Insurance Services
Specialty Insurance Solutions that Secure
Your High-Risk Exposures!
At Truest, we know that protecting your business from unforeseen circumstances is key. That's why we offer specialty insurance solutions that cover you from all angles. Whether it's flood and windstorms coverage, hard-to-place products and liability risks, or providing extended coverage beyond your standard policies, we have got you covered.
Our team welcomes the challenge of writing policies for businesses with difficult-to-cover exposures and high-hazard operations. With our specialty coverage available for every risk and any industry, Truest Insurance Group is here to help you overcome limitations and safeguard your business.
Partner with us for the unmatched insurance experience.
Specialty Insurance
Bond Insurance
It's important to note that commercial bonds are not technically insurance, so being bonded offers an additional layer of protection for all parties involved. Surety bonds, for instance, safeguard the obligee (the party requiring the bond) in the event that the principal (the party needing the bond) is unable to fulfill part or all of a contract. While your business may have insurance, depending on the type of work you are doing, you may also need to purchase a bond. Additionally, different jurisdictions may impose their own bonding requirements. Here are some examples of the various types of commercial bonds:
Surety Bonds
Surety bonds, also known as contractor bonds, aren’t technically contractors insurance. Rather, they’re a guarantee that you’ll finish the project and finish it in accordance with what’s stipulated in your contract. If you don’t, whatever agency issued the bond (typically an insurance company) will pay your client. Then your company has to pay the agent.
Fidelity
An insurance contract that indemnifies an employer for loss resulting from a fraudulent or dishonest act by an employee
AG (agricultural) dealer bonds
Required for people licensed with the Department of Agriculture who buy and resell agriculture products. These bonds include grain dealer bonds, hay dealer bonds, livestock dealer bonds, milk dealer bonds and produce dealer bonds.
ARC bonds
These travel agent bonds are required by the Airlines Reporting Corporation. They guarantee that payments collected by a travel agency are forwarded to the right airline.
Auctioneer bonds
Required for auctioneers and auction houses to protect bids and purchases.
Auto dealer bonds
Motor vehicle dealer (MVD) bonds assure the general public that the dealer will comply with the law. Other dealer bonds include boat dealer bonds, mobile home dealer bonds, snowmobile dealer bonds and vessel dealer bonds.
Fuel tax bonds
Required by fuel sellers to guarantee payment of taxes.
License and permit bonds
Required by federal, state or municipal governments as a condition for granting a professional license to professionals in certain occupations or industries. License and permit bonds include contractor license bonds, electrician bonds, HVAC commercial bonds, non-resident license bonds and plumber bonds.
Liquor bonds
Guarantee compliance with federal and state laws pertaining to the sale, manufacturing and warehousing of alcohol.
Lottery bonds
Required for any establishment with a lottery machine. This bond guarantees proper use of the machine to ensure there is no abuse to the state lottery system.
Notary public bonds
Required by state statutes to protect against losses resulting from any improper actions of notaries.
Motorcycle dealer bonds
Guarantee that motorcycle dealers comply with laws and required tax payments. In some cases, this bond also guarantees payment of judgments.
Mortgage broker bonds
Guarantee that mortgage brokers will abide by state laws and regulations under the mortgage broker license code.
Public official bonds
Guaranteeing faithful performance of official duties, public official bonds are generally for the protection of taxpayers.
Title bonds
Also known as certificate of title bonds, defective title bonds and lost title bonds, these bonds are required to register a vehicle or other property due to a lost or defective title.
Utility bonds
Financial guarantee bonds that ensure the payment of utility bills.
Warehouse bonds
Guarantee that goods stored in a warehouse will be delivered on presentation of a receipt.
Umbrella / Excess Liability Insurance
Extended coverage covers claims exceeding your standard insurance coverage limits. Our comprehensive umbrella insurance protects you, your family, and high-prized assets beyond your basic policy limits. It pays for:
- Third-party bodily injury and property damage
- Lawsuits and other legal expenses
Liquor Liability Insurance
Businesses (restaurants, bars, caterers, wineries, etc.) that make, sell, distribute, or serve alcohol are prone to liability claims, including bodily injury and property damage. This form of coverage is not usually included in basic general liability coverage. However, our liquor liability insurance can help get reimbursements for expenses incurred from:
- Legal costs
- Medical bills
- Settlements or attorney fees
- Repair costs
Crime Insurance
No matter how well-prepared, businesses are vulnerable to crimes resulting from thefts and fraud. Our crime insurance is tailored to protect your company from employee theft, third-party fraudulence, impersonation fraud, and theft of property from the premises. It covers:
- Loss of money
- Security devices
- Other assets, including properties
