Fill Commercial Coverage Gaps with Inland Marine Insurance

Inland marine insurance was once used strictly in the ocean marine industry to protect against property losses before, during and after water transfers. As the non-ocean aspect of the cargo journey developed, cargoes were transferred to barge, and the term “inland marine” was created. These policies became known as “floaters” because the property covered was originally floating in the ocean. But things have changed and the benefits of this coverage to many types of businesses, continues to grow…

What is NH inland marine coverage?

In the modern insurance industry, inland marine coverage provides property protection to fill any gaps in commercial property protection or to reach specific limits of coverage.

For many businesses, the property insurance provided by your Business Owners Policy (BOP) or Commercial Package Policy (CPP) may not be sufficient in covering the amount of property you have, or could be excluded from basic property coverage due to the nature of its use or location.

Here are some industry-specific property insurance floaters.

Construction:

Types of Inland Marine Coverage for Contractors

  • Builder’s risk: Protection for damage to buildings or structures under construction, renovation or repair. (Get a builders risk insurance quote)
  • Contractor’s equipment: Protects equipment and tools that are normally excluded under typical builder’s risk insurance.
  • Installation: Covers machinery and equipment during transit, installation and/or testing at project sites.
  • Rigger’s liability: Protection when acting as a rigger for the property of others in their care, control and custody.

Technology and Communication Examples:

  • Cable television: Protection for property that is essential to cable television systems.
  • Electronic equipment: Insures equipment that uses microprocessors and semiconductors.
  • Medical imaging equipment: Protects mobile medical equipment housed at hospitals, clinics and other similar premises.
  • Physicians and surgeons: Covers medical, surgical and dental equipment, supplies and instruments used in the medical and dental fields.
  • Telecommunication equipment: Protects telephones, computers, fax machines, video conferencing audio and visual equipment and teleconferencing equipment.

Inland Marine Coverage in Transportation:

  • Commercial transport: Coverage for goods and merchandise in transit for truckers, warehouses, shippers and logistics operators.
  • Legal liability: Coverage for sums the policyholder is obligated to cover as a result of damage from a covered loss to property of others.
  • Motor truck cargo: Protects owners and operators of trucks against losses to owned property or property of others while in transport.
  • Railroad rolling stock: Covers rolling stock owned or leased by railroad companies or other businesses.
  • Tank storage: Coverage for tanks, pipelines and appurtenances and their contents while in the insured’s care, custody and control.

Miscellaneous Property Floaters:

  • Armored cars: Protects against losses attributed to armored cars.
  • Furriers block: Covers furs, fur garments or garments trimmed with fur while in the care of furriers, fur storage companies, department stores and other retailers.
  • Installation sales: Covers retail and wholesale merchants, manufacturers, banks and financial companies  who sell and use personal property as collateral for loans, conditions of sales contracts, as part of a deferred payment plan or as an installment payment plan.
  • Jewelers block: Provides protection for jewelry, semi-precious stones, precious metals, alloys and other goods used in the insured’s business.
  • Miscellaneous floaters: Serves as “catch-all” coverage for property that is movable.
  • Related property: Protection for buildings, business property, income and extra expenses when writing another marine coverage.
Make sure your business has the property coverage it needs, and the competitive pricing it deserves!

Contact Davis & Towle Insurance Group today to learn more about inland marine insurance and protecting items that seem to fall between the lines of your current coverage. CONTACT US

Or get a free business insurance quote today and we’ll compare pricing options for inland marine coverage, for you. No obligation – Just insight from local insurance agents.

This Coverage Insights is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel or an insurance professional for appropriate advice. © 2011 Zywave, Inc. All rights reserved.

Jeffrey Towle Receives Honorary Alumni Award From New England College

Owner of Davis & Towle Insurance Group Recognized for Contributions to NH Educational Institution

 

On Friday October 1st, 2021, New England College (NEC) presented the honorary alumni award to Jeffrey Towle, president of Davis & Towle Insurance Group. The award is given to a deserving non-alumni member of the New England College community, recognizing the individual’s outstanding loyalty, dedication, and service beyond expectation.

“Jeffrey Towle has been a stalwart member of the board of trustees at New England College since 1996, serving on numerous committees including development, infrastructure, audit, and trusteeship,” said Bill Deptula, Vice President of NEC.

Deptula went on to acknowledge Jeffrey and the Davis & Towle Insurance organization as a critical corporate partner that the college has relied on for their insurance needs over the years. As a parent of two New England College alumni, Jeffrey was further celebrated as a generous benefactor to several of the College’s most important and pressing needs.

The ceremony took place at Putnam Performing Arts Center where his son, Ryan Towle, provided opening remarks regarding his father’s impact on the community, and involvement with New England College. He lightheartedly joked about his father’s lifelong aversion to public recognition, before going on to explain the steadfast nature of Jeffrey Towle’s commitment to the Henniker community, and his ongoing legacy of giving back.

When speaking on the cornerstone values that his father has taught him, Ryan Towle said, “I have learned (to) be thoughtful when you give. Give where you foresee the greatest impact in a positive way, making a difference in people’s lives…Be a leader and a role model. In that, inspire others to give and make investments in our communities and institutions”.

About Davis & Towle Insurance Group:

Davis & Towle Insurance Group, founded in 1954, is one of New Hampshire’s largest locally owned, independent insurance agencies. They proudly meet their client’s needs with a wide range of personal and business insurance solutions, from top-rated carriers.

Ryan Towle presenting NEC award

Ryan Towle providing opening remarks before the award presentation for Jeffrey Towle

Jeffrey Towle Award At New England College

Jeffrey Towle Presented Honorary Alumni Award by the New England College community in October of 2021

NH Auto Insurance Discounts – Pay Less For Car Insurance

Over 10 Types of NH Auto Insurance Discounts

At any point you could qualify for a car insurance discount from a specific carrier – in fact, you may qualify for many. That’s what’s so great about working with us; you can access different discounts from many carriers in one place, rather than being restricted to the options of only one.

We’re here to help you determine not only which discounts you qualify for, but which will give you the most savings on your NH car insurance policy.

Here are the NH Auto Insurance Discounts you can access through us:

 

Car Feature Related Discounts

Anti-Lock Brakes:

You’ve probably seen the “ABS” feature on a vehicle. They’ve become a standard feature on almost all modern cars today. As such, most insurance companies offer an anti-lock brakes car insurance discount.

Anti-Theft:

Some of our car insurance carriers offer noteworthy discounts to our client’s with an anti-theft device in their car. These tools safeguard cars against theft. Savings may vary based on the type of device installed, whether it was factory installed or driver installed, and other factors. This article from Car And Driver dives into some of the best anti-theft devices available for our client’s vehicles.

Passive/Active Restraints

One of the most common NH auto insurance discounts offered by our carriers, is the passive restraint discount. In general, vehicles with automatic restraint systems that automatically activate without input from the driver (typically seatbelts or airbags) qualify for this discount.

 

Auto Policy Related Discounts

Multi Car:

For clients who have more than one car in their household, we’ll place you with a carrier who can offer a discount for insuring more than one car with them.

Multi Policy:

If you need more than one personal insurance policy, we have carriers who will give you a discount when you protect all of your personal needs, with them. Placing yourrenters insurance, homeowners insurance, car insurance, RV insurance or otherwise with the same carrier, is a great opportunity to save on your NH car insurance!

Paid In Full

Several of our carriers offer substantial discounts on auto insurance, but you must pay the entire cost of the policy up front.

Loyalty Discounts

This is a newer discount that a few of our carriers have started offering to NH auto insurance customers. In return for staying with the same insurance company for a pre-specified period of time, you would be eligible for a loyalty discount on your policy moving forward.

Paperless Discounts

We have carriers who give a discount on your auto insurance if you choose to have documents emailed instead of mailed.

Advance Quote Discount

Some of our carriers will pay when you plan ahead for your auto insurance! They offer a discount if your coverage start date is a specifc amount of time later than the date you request your initial premium quote (usually about 7 days later). 

 

Driver Related Car Insurance Discounts

Safe Driver

We have options from car insurance companies that offer discounts for safe driving as one way to save you money on your coverage. These carriers will allow you to sign up for their safe-driving program, as long as you allow them to attach their safe-driving device to your car for safety monitoring.

Good Student

Young drivers who earn good grades in school are eligible for good student discounts on their auto insurance policies.

Driver Training

Taking a driver safety course can help you get a car insurance discount with many of our carrers.

Taking advantage of the right car insurance discount for your life, is easy when you can access and compare many of them in one place. Give us a call or start your free quote online, to compare your NH car insurance discounts.

NH Job Opening Commercial Lines Insurance Agent – We’re Hiring in Concord NH

Job Posting: Hiring NH Commercial Lines Insurance Agent

Posted 8-26-21 | Apply By 9/26/21

Davis & Towle Insurance Group
Office Located: 115 Airport Road, Concord NH 03301

OVERVIEW

Davis & Towle Insurance Group offers an exciting opportunity for a rewarding career. Our company is looking for a NH Commercial Lines Insurance Agent to join our organization at our Concord location. If you are customer-focused and have a strong desire to succeed, you may be the perfect candidate. Experience is preferred, but we are always willing to train the right applicant who exhibits drive and enthusiasm.

JOB RESPONSIBILITIES

  • Make sure carriers are informed about changes to coverage.
  • Meet or speak with clients throughout the day, providing information about policies, coverage details, and premiums.
  • Assist clients with evaluating their protection needs and policy options.
  • Keep detailed records of policy information, schedules, and client correspondence in our account management system.
  • Process insurance policy renewals.
  • Maintain a knowledge of insurance products offered by our carriers.
  • Market policies across multiple carriers and obtain underwriting approval through completion of coverage application.
  • Complete continuing education as needed.

 

JOB SKILLS

  • Well organized with great time management abilities.
  • Must enjoy speaking with clients throughout the day.
  • Must demonstrate ability to respond to requests, phone calls and emails in a timely manner.
  • Easily adapt to a fast-paced environment, demonstrating professionalism in a team environment.
  • Exhibit proactive problem-solving and decision-making abilities, maintaining confidences at all times.

QUALIFICATIONS

Required:

  • Must be willing to study and get licensed as a NH insurance agent, if not already.
  • College degree, or equivalent combination of some college education & experience

Preferred:

  • Sales or customer service experience
  • Insurance industry knowledge

 

THIS IS A SALARIED POSITION WITH A GREAT BENEFITS PACKAGE.

APPLY TODAY:

Email your resume and cover letter to Chuck Hamlin.

Chamlin@davistowle.com

About Davis & Towle

The Davis & Towle Insurance Group has 8 agencies throughout the state and is one of the largest local insurance brokerages in NH. We provide clients with personal insurance, business insurance, and life & health insurance among other products. Our pooled resources benefit our agents by allowing them to meet their clients’ coverage and budget needs easier. We represent most of the “agency friendly” markets that are admitted in NH, and work closely with carriers to accurately place our client’s coverage needs. 

www.davistowle.com

Personal Lines Insurance Agent Job Opening in NH – We’re Hiring in Concord NH

Job Posting: Personal Lines Insurance Agent

Posted 8-26-21 | Apply By 9/26/21

Davis & Towle Insurance Group
Office Located: 115 Airport Road, Concord NH 03301

Overview

Davis & Towle Insurance Group offers an exciting opportunity for a rewarding career. Our company is looking for a Personal Lines Insurance Agent to join our organization at our Concord location. If you are customer-focused and have a strong desire to succeed, you may be the perfect candidate. Experience is preferred, but we are always willing to train the right applicant who exhibits drive and enthusiasm. 

Job Responsibilities

  • Make sure carriers are informed about changes to coverage.
  • Meet or speak with clients throughout the day, providing information about policies, coverage details, and premiums.
  • Assist clients with evaluating their protection needs and policy options.
  • Keep detailed records of policy information, schedules, and client correspondence in our account management system.
  • Process insurance policy renewals.
  • Maintain a knowledge of insurance products offered by our carriers.
  • Market policies across multiple carriers and obtain underwriting approval through completion of coverage application.
  • Complete continuing education as needed. 

 

Job Skills

  • Well organized with great time management abilities.
  • Must enjoy speaking with clients throughout the day. 
  • Must demonstrate ability to respond to requests, phone calls and emails in a timely manner. 
  • Easily adapt to a fast-paced environment, demonstrating professionalism in a team environment.
  • Exhibit proactive problem-solving and decision-making abilities, maintaining confidences at all times.

Qualifications

Required:

  • Must be willing to study and get licensed as a NH insurance agent, if not already. 
  • College degree, or equivalent combination of some college education & experience

Preferred:

  • Sales or customer service experience
  • Insurance industry knowledge

 

THIS IS A SALARIED POSITION WITH A GREAT BENEFITS PACKAGE.

APPLY TODAY:

Email your resume and cover letter to Chuck Hamlin. 

Chamlin@davistowle.com

 

About Davis & Towle

The Davis & Towle Insurance Group has 8 agencies throughout the state and is one of the largest local insurance brokerages in NH. We provide clients with personal insurance, business insurance, and life & health insurance among other products. Our pooled resources benefit our agents by allowing them to meet their clients’ coverage and budget needs easier. We represent most of the “agency friendly” markets that are admitted in NH, and work closely with carriers to accurately place our client’s coverage needs. 

www.davistowle.com