Our Agency Facts & Stats
We review your insurance needs.
We design a responsible protection program for you.
We present you with a competitively priced proposal.
We move quickly to get a fair, prompt settlement of your claims.
We periodically review the adequacy of your insurance needs.
We look for ways to add value to your insurance program.
67 years
Functioning across North Carolina.
Serving insurance needs of over.Output
5,000
Serving and assisting more than.Output
1,200
Black Mountain, NC
17 Sunset Drive
Black Mountain, North Carolina
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Property Insurance.
Risk Factor………
Condominium and cooperative associations may encounter significant financial repercussions from property damage resulting from fire, wind, or other factors.
Solution………
The commercial property insurance should provide coverage for the damage to the personal property owned by the association, resulting in a loss of income and the loss of cause.
General Liability.
Risk Factor………
Condo and co-op associations are vulnerable to a range of risks, including claims related to bodily injury, property damage, personal injury, and other potential liabilities. The association may also be held liable for lawsuits arising from claims connected to shared spaces like hallways, stairwells, swimming pools, and parking areas.
Solution………
The association is named in a lawsuit when it provides coverage for legal fees and judgments. General liability insurance is an absolute necessity.
Insurance for Crime and Fidelity Bonds
Risk Factor………
Insurance bond fidelity and crime is designed to provide coverage to condominium and cooperative associations in order to protect them from theft of property, whether it is managed by the firm, a member of the board, or an employee of the association, and whether it is personal property or funds owned by the association.
Solution………
Crime and fidelity insurance is intended to offer protection for employee dishonesty, forgery and tampering, computer deception, counterfeiting, and other related incidents.
Insurance for System Fail
Risk Factor………
In today’s world, performing various tasks with technology can cause a significant financial burden, including the cost of repairing any equipment breakdown, which may result in additional expenses or lost income.
Solution………
Extensive coverage offers safeguards against mechanical failure of machinery, such as heating and cooling systems and elevator motors, protecting against equipment breakdown.
Insurance for Liability of Directors and Officers
Risk Factor………
Officers and Directors, as members of the board, can be held accountable for making decisions in the performance of their duties. Lawsuits that may arise can lead to large settlements and are usually costly to defend against.
Solution………
Directors and officers liability insurance offers coverage for the legal expenses involved in defending a lawsuit that falls under the policy’s coverage, and it may also supply the funds required for any subsequent court decisions.
Business Umbrella Insurance
Risk Factor………
What happens when your condo or co-op building faces a large liability loss that exceeds the basic limit of your standard policy?
Solution………
The commercial umbrella policy will provide additional coverage above and beyond the liability policies for employers and auto, officers and directors, and general liability. The limits will start at $1,000,000 and can go as high as $200,000,000.
Insurance coverage for potential
Risk Factor………
The use of technology has created a new web of liability exposures, including the need for financial information and data privacy protection for your residents association. If the association is held responsible, lawsuits and fees resulting from a breach of their data can be expensive.
Solution………
Cyber liability insurance safeguards against expenses and legal proceedings resulting from the unauthorized acquisition of personal data, as long as the entity is accountable.
Environmental Insurance.
Risk Factor………
The remediation of contaminants is usually not included in the basic policies. The release of a fuel reservoir can be quite costly to fix.
Solution………
Environmental insurance offers protection for expenses associated with cleaning up and third-party legal actions stemming from a leakage, either from the tank or connected pipes.
Insurance for Units Owned by Sponsors/Investors
Risk Factor………
Typically, the association’s policies exclude coverage for the unsold shares of the interior units owned by the holder or sponsor.
Solution………
To ensure a policy is upheld, coverage should be extended to include acts committed within the unit, potential income loss, lawsuits, and any responsibilities that fall under your jurisdiction.