Federated offers an All Risk Blanket Policy that is specifically designed and written for rural utilities. This policy covers property, general liability, automobile and crime in one comprehensive package.
For definitions of various insurance terms, please click here.
Property coverage provided specifically insures a member utility’s buildings, contents, inventory, tools, mobile equipment, radio towers and substations. Standard Features provided by Federated’s Property coverage include:
Standard Features provided by Federated’s Property coverage include:
General Liability coverage provided specifically insures the member utility for bodily injury, personal injury and property damage liability alleged by third parties due to the member utility’s negligence.
Standard Features provided by Federated’s General Liability coverage include:
Automobile liability coverage provided specifically insures the member utility for bodily injury and property damage which occurs in the course of the operation of your fleet where the member utility is found negligent. In addition, auto physical damage coverage pays for damage to vehicles the member utility owns or leases.
Standard Features provided by Federated’s Automobile coverage include:
Crime coverage provided specifically insures the member utility for employee dishonesty, loss of monies and securities both on and off the premises, counterfeit currency and money orders, and depositors forgery.
Standard Features provided by Federated’s Crime coverage include:
Federated offers a Commercial Umbrella policy that is specifically designed and written to complement the All Risk Blanket policy ensuring that no coverage gaps exist.
Commercial Umbrella coverage provides limits above and beyond a member utility’s underlying General Liability, Auto Liability or Employers’ Liability limits to provide the necessary coverage in the event of a catastrophic event.
Standard Features provided by Federated’s Commercial Umbrella policy include:
Cyber liability coverage provided specifically insures the member utility for security breaches involving their members’ or their employees’ personally identifiable information including breach response, customer notification, credit monitoring and regulatory fines and penalties, plus third party liability coverage for claims arising from a security breach alleging the failure to prevent virus attacks, denial of service attacks or the transmission of malicious code. This coverage is provided by endorsement on the All Risk Blanket policy.
Standard Features provided by Federated’s Cyber Liability coverage include:
Federated offers a Directors, Officers and Managers Liability policy that is tailored specifically to the needs of rural utilities.
Directors, Officers and Managers coverage provides protection for member utilities from lawsuits alleging wrongful acts by the directors, officers, trustees, managers, staff members, volunteers, or employees, whether salaried or not.
Standard Features provided by Federated’s Directors, Officers and Managers policy include:
Federated offers statutory coverage utilizing NCCI’s standard Workers’ Compensation and Employers’ Liability policy form.
Workers’ Compensation and Employers’ Liability coverage provides member utilities with the ability to fulfill their statutory requirements of the states in which they operate.
Standard Features provided by Federated’s Workers’ Compensation and Employers’ Liability policy include:
Federated offers an Electromagnetic Field Liability policy to provide coverage for this exposure that is unique to rural electric utilities.
Electromagnetic Field Liability coverage specifically insures the member utility for any bodily injury, property damage or devaluation of real estate that results from electromagnetic field lawsuits.
Standard Features provided by Federated’s Electromagnetic Field Liability policy include:
Federated offers a Railroad Protective Liability policy that is designed to meet the specific needs of member utilities that perform work within 50 feet of a railroad.
Federated’s General Liability policy does not exclude work within 50 feet of a railroad, and most small railroads accept our standard General Liability coverage. However, for those major railroads that do not accept our standard coverage, the Railroad Protective Liability policy offered by Federated can be a less expensive alternative to obtaining coverage under the railroad’s master policy.
Standard Features provided by Federated’s Railroad Protective Liability policy include:
Federated can provide a variety of bonds to assist member utilities in complying with the various national, state and local regulations in the territories in which they operate. Types of bonds that are available include, but are not limited to:
Federated has access to regional and national carriers to provide insurance solutions beyond those that are written on our own paper. The resources we have available allow us to obtain coverage for our member utilities for any type of insurance, including:
For definitions of various insurance terms, please click here.