The Sovereign advantage
The property you need to protect extends beyond your four walls. In addition to your buildings, property includes your signage, equipment, materials and stock – all the physical assets that are essential to running your business smoothly. What's more, property that’s off site, in transit or the property of others in your care needs coverage too. Your protection needs can be extensive, so your coverage needs to be broad. That’s where our experienced, creative and knowledgeable team can help. No matter what industry you’re in, we work closely with your broker to provide complete package solutions to reduce potential gaps in coverage – providing an ‘all-in-one’ solution to help meet your business’ unique needs.
Customer centric
We focus on what our clients need, not what we have to sell. We strive to understand your business, deliver the right protection and empower you to make your operations better. We believe your experience matters and pride ourselves on exemplary service.
Cost effective
We help tailor coverage and terms to meet the needs of your business – giving you more of what you need and less of what you don’t. This ensures that not only is your policy cost effective, but that you’re getting great value.
Complete solutions
The financial well-being of your business requires that your assets and your income be protected. There’s more to your business than your Property exposures and that’s why we take a holistic approach to assessing your coverage needs. We provide a complete package solution which reduces the potential for gaps in coverage.
Coverages designed to protect your business
Risks to your property are as unique as your business. That’s why we believe in developing coverage* to address the specific exposures faced by operations like yours. We start with a broad base of coverages and build on this strong foundation with additional coverages designed for your industry or operation. We also offer a wide-ranging list of extensions and enhancements that can be customized to provide an insurance solution that fits your business needs.
- Commercial Building Equipment and Stock Broad Form
- Equipment Breakdown
- Business Interruption coverages (Gross Earnings, Profits, Extra Expenses)
- Contingent Business Interruption
- Warehouseman's Legal Liability
- Transportation Floater
- Motor Truck Cargo
- Contractor's Equipment
- Crime
Key Coverages
Commercial Building Equipment and Stock Broad Form
Commercial Building Equipment and Stock Broad Form
Coverage Snapshot
You've got property, equipment and stock at your operation, at off-site locations and even in transit. It's important to make sure it’s all protected. Commercial Building Equipment and Stock Broad Form covers your:
- Buildings – and any equipment or signs attached
- Outbuildings – including garages or outbuildings on the same premises
- Stock – including raw materials, finished products and packaging materials
- Contents and Equipment – furniture, fixtures, machinery and similar property belonging to others that’s in your care
We can also provide coverage for property off-premises, at unnamed locations and in transit.
Equipment Breakdown
Equipment Breakdown
Coverage Snapshot
You work with a lot of equipment, each with moving parts that are susceptible to breaking down from time to time. Equipment Breakdown provides coverage at your insured location for: boilers, pressure vessels, refrigeration and air conditioning equipment, electrical or electronic apparatus that are connected and ready for use. This coverage helps protect and manage your business in the event of an unexpected breakdown.
Business Interruption coverages (Gross Earnings, Profits, Extra Expenses)
Business Interruption coverages (Gross Earnings, Profits, Extra Expenses)
Coverage Snapshot
An interruption in your business can negatively impact your income or your profits while adding extra expenses necessary to keep your business going. We can cover your loss of income until you’re able to re-open your business or for the time it takes for your profits to recover. In addition, Business Interruption coverages provide funds for reasonable and necessary expenses so you can get back to business as usual.
Contingent Business Interruption
Contingent Business Interruption
Coverage Snapshot
You’re part of a supply chain and depend on others, either as one of your suppliers or as one of your customers. A break in the chain can negatively impact your sales. Contingent Business Interruption provides coverage for loss of sales resulting from a physical loss of (or damage to) a supplier or customer’s operations or property.
Warehouseman's Legal Liability
Warehouseman's Legal Liability
Coverage Snapshot
Operating a warehouse requires that you take reasonable care of your customer’s goods. But with a lot of people and transportation in motion, there's always a chance something can get misplaced or damaged. Warehouseman’s Legal Liability coverage protects you in the event you are found to be legally responsible for loss or damage to your customers’ merchandise while it’s in your care and custody.
Transportation Floater
Transportation Floater
Coverage Snapshot
Whether by rail, in the air or on the big open highway, you want to keep the goods you’re transporting safe. With all the variables in play, that's not always possible; there's always a risk something can happen to the product you're transporting. Transportation coverage can protect incoming and out-going shipments of goods against loss or damage until they reach their destination.
Motor Truck Cargo
Motor Truck Cargo
Coverage Snapshot
You want to get the goods from A-to-Z on time and undamaged, but some trips are riskier than others. While on the road, there’s always a risk that your product could accidently get crushed, dropped or damaged. Motor Truck Cargo coverage can protect against loss or damage to your goods, or to your customers’ goods, while being transported by truck, including while being loaded or unloaded.
Contractor's Equipment
Contractor's Equipment
Coverage Snapshot
You’ve got the right tool for every job - from hand tools to power tools, compressors, generators, and even large equipment like backhoes, excavators, cranes and specialized equipment. Whether in your yard, on a work site or in transit, Contractor’s Equipment provides coverage for tools and larger pieces of equipment against many exposures, including theft, fire and upset at job sites or in transit.
Crime
Crime
Coverage snapshot
A dishonest employee looking for a quick break could leave your business at a loss. Crime coverage can provide protection for loss of money, securities or other property due to theft or forgery by an employee.
In addition to the key coverages above, our Platinum Extension Package offers more than 50 coverages addressing specialized classes of property and broader covered cause of loss.
These coverage extensions apply to Building, Contents, Business Interruption and Crime. We also offer additional coverage extensions that have been designed with specific industries in mind.
*The information on this page is provided for informational purposes only. Please refer to your policy for applicable coverage details, limitations, and exclusions.
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