Division of SPG Insurance Solutions, LLC
Professional Program Insurance Brokers


    What is the difference between GL and Prop? Do you offer Plate Glass coverage?

    General Liability is for when a Third Party sues your business for Bodily Injury/Damage to Property of Others (Slip/Fall) incidents which occur on the Premises, and Property Coverage is for coverage for Damage to items owned by the business. We can offer Plate Glass coverage – it is a part of Property Coverage.

    What is the difference between PL and GL?

    Both are for incidents when a Third Party sues your business – but Professional Liability is when you are putting your hands on someone/performing professional services, and General Liability is for Bodily Injury/Damage to Property of Others (Slip/Fall) incidents which occur on the Premises.

    What does “Additional Insured” mean?

    When an Entity is named as “Additional Insured” – it means they are included on the policy, but only with respect to Liability arising out of the policyholder’s operations, or premises owned by, or rented to the policyholder.

    What is a Waiver of Subrogation?

    A Waiver Of Subrogation is a form that can be added to an insurance policy which waives the rights of recovery for a paid claim by the insurance company against the “Additional Insured” entity who is listed on the form.

    What is Primary/Non-Contributory Wording?

    Primary/Non-Contributory Wording means that the policy is primary in the event that a claim would be covered by multiple insurance policies; and the other policies would act as “Excess” limits once the “Primary” policy’s limits have been exhausted.

    What is Fire Damage to Premises Rented to You?

    Fire Damage to Premises Rented to You is coverage for damages because of Property Damage to any one premises while rented to you or temporarily occupied by you with permission of the owner arising out of any one fire. This is not coverage for items owned by your business – the result of a covered claim would be payable to the Landlord/Lessor of premises.

    What are Tenant Improvements?

    Tenant Improvements/Betterments, whether acquired by you at any additional expense or not, are defined as any item of Property owned by the business which has been permanently installed in a building you do not own. Examples are Tile Flooring, Built-In Desks & Light Fixtures.

    What is Business Interruption insurance?

    Business Interruption insurance a.k.a. Loss of Business Income refers to coverage for the Net Profit and Ongoing Expenses (including payroll). This coverage would reimburse the business while it has been put out of operation due to a covered claim such as an accidental fire. Limits of Insurance that you choose should be calculated as the total amount of Profit + Ongoing Expenses per month, and the total amount of months for coverage to be active (the amount of time you believe it will take to get back up and running).

    What is HIPAA Defense coverage?

    This coverage would reimburse you for losses due to any negligent or reckless act, error or omission by the policyholder in violation of the Health Insurance Portability and Accountability Act (The Health Insurance Portability and Accountability Act of 1996, the Social Security Act, 42 U.S.C. Section 1320a, et. seq) (“HIPAA”).

    What is Terrorism Risk Insurance?

    Terrorism Risk Insurance is coverage only in respect of claims directly resulting from an "act of terrorism" defined as an act: committed by an individual or individuals acting on behalf of any foreign person or foreign interest, as part of an effort to coerce the civilian population of the U.S. or to influence the policy or to affect the conduct of the U.S. Government by coercion. Without Terrorism Risk Insurance on your policy – claims resulting from this type of act would be excluded.

    What is Cyber Protection Liability?

    This coverage is for network interruption expenses, security and privacy liability, privacy regulatory defense and penalties, event support expenses & network extortion. This would cover network interruption/loss of income (if loss is from a cyber-attack) and/or cyber-attack crises management such as notifying your customer’s clients and monitoring credit/medical info.

    What is Sexual Abuse/Molestation Coverage?

    Sexual Abuse/Molestation is insurance coverage for alleged sexual misconduct in a business setting. In the not too distant past, if a man propositioned a woman and it was unwelcome, she simply slapped him and told him to go eat dirt or go somewhere else, but nowadays, people often go directly to their attorney when they feel there has been an improper suggestion made in a business setting.

    What is Defense Outside the Limits?

    On a Claims-Made policy, the costs of defense are included in the Limits of Insurance. For Example, if you have a $1,000,000 per Claim policy, and someone sues for $1,000,000 – the attorney fees would have to be paid out of pocket. If Defense Outside the limits is added to the policy, there would be a separate limit for attorney fees in addition to the amount awarded to the claimant.

    What is Hired/Non-Owned Auto Coverage?

    Hired/Non-Owned Auto coverage is for claims arising out of the maintenance or use of either a "hired auto" (any "auto" you lease, hire, rent or borrow from someone not affiliated with your business) or “non-owned auto” (any "autos" owned by your "employees", your partners or your "executive officers") in the course of your business operations.

    What is the difference between Excess and Umbrella?

    An “Excess” policy is a separate policy which goes on top of a current policy. For example: If your policy has $1,000,000 Limits, an “Excess” policy of $2,000,000 would go on top of it, meaning the first $1,000,000 in losses would be covered by your main policy, and after that the “Excess” policy would be activated to cover the remainder of the claim. An “Umbrella” policy is a policy that would go over every policy you have (General Liability, Workers Comp, Commercial Auto, etc). PPIB does not have the option to offer an “Umbrella” policy.

Skip to content