Falvey Insurance Group has unveiled a commercial output insurance policy that bundles commercial property and inland marine coverage.
The policy has been crafted by the firm’s Inland Marine Managing General Agency (MGA), and is specifically designed to cater towards the insurance needs of businesses within the manufacturing, institutional, industrial, and commercial sectors, particularly focusing on those with medium to large-scale operations.
Falvey noted that the policy’s comprehensive coverage includes, property in transit, electronic data processing, contractors equipment and business interruption.
In addition, the targeted policyholders include contractors, warehousing operations with extensive inventory storage, light manufacturers, assemblers, distributors, dealers, wholesalers, and processing facilities.
The company also confirmed that the policy is designed to offer a “robust safeguard” for the wide-ranging assets and operations of these businesses against a spectrum of risks.
As well as this, the policy is complementary to Falvey’s existing suite of inland marine products.
Tom Nasso, Chief Underwriting Officer at Falvey, commented: “With the launch of our Commercial Output insurance, we reaffirm our dedication to addressing the evolving insurance needs of businesses. This product simplifies the complexities of managing diverse risks while providing broad, effective coverage. It’s a reflection of our deep understanding of the challenges facing medium to large-scale operations and our commitment to delivering solutions that make a difference.”
