Property & Casualty Coverage Features

Special Program Dividend Feature Paid $235,000 in 2007!

We have negotiated a special dividend* component with The Hartford for program insureds. The dividend is not available in all states. Note that the dividend feature is available to eligible radio and television broadcasting companies only.

• Towers, antennas and satellite dishes

  The NAB Property & Casualty Program goes well beyond industry standards to provide comprehensive coverage for your buildings and property. Better still, for this specialized program we "define" your buildings to include radio, or television towers, antennas and satellite dishes.

• Mobile equipment

  Ever do remote broadcasts? Then, you'll travel easier knowing our policy covers up to $25,000 of broadcasting equipment and fixtures installed in your vehicles or other portable broadcasting equipment while in transit or away from your premises.

• Business travel anywhere in the world

  The NAB Property & Casualty Program automatically protects your equipment while on the road or at exhibitions, including laptops and other valuable property your employees may carry with them on business trips.

• Including specialized equipment

  Automatically built into the NAB Property & Casualty Program is valuable coverage for damages and repairs to the life-blood of your operation: your equipment. This coverage extends beyond your heating, cooling and telephone systems to other specialized equipment, such as computer equipment, switching gear, transmitters, cameras, recording equipment and more.

• Loss of income due to equipment breakdown

  We can go beyond covering your equipment to protecting your income as well. With our optional business income coverages, if a covered equipment breakdown loss forces you to partially or completely shut down your business, our policy can also reimburse you for the resulting loss of income.

• Your computer systems

  In addition to your computer hardware, the NAB Property & Casualty Program will protect your electronic storage media and other computer equipment. Not only will we cover standard causes of loss, like fire, windstorm and explosion, we may also cover damage caused by computer viruses, hacker attacks, and other cyber perils.

• Computer/electronic equipment

  This coverage provides worldwide protection from damage or loss for your laptop computers, notebooks, electronic communications equipment and palmtops. Just some of the NAB Property & Casualty Program's innovative features include: coverage if your computer is attacked by a virus; coverage for extra and expediting expenses; extended limit for newly acquired property; and no coinsurance.

• Customized marine coverage

  This coverage can help you protect a diverse range of equipment, such as: cell phones, desktop computers, laptops and palmtops.

• Damage to the property of others

  Our liability insurance protects you if you are responsible for damage to the property of others. We extend this coverage to include borrowed equipment that’s damaged at your job site while it is not being used.

• Your products or completed operations

  Included in our general liability policy is coverage for claims arising from the products you sell or the services you complete.

• Damage to the premises you rent or occupy

  The NAB Property & Casualty Program will pay up to a certain limit if you are responsible for damages to the premises you rent or occupy if the damage results from fire, lightning or explosion.

• Premises medical payments

  We provide up to $10,000 in medical expenses for each person injured on your premises or because of your business operations. You do not need to be legally liable for these injuries for us to pay.

• Additional insureds

  If a written contract requires you to name someone else as an additional insured on your policy, we’ll automatically extend that status to them. We will also provide them with primary coverage if the require it of you.

• Provides an additional layer of protection for the following coverages:

  Property/Inland Marine General Liability Automobile Liability Workers’ Compensation

• Covers errors and omissions in the administration of Employee Benefit Plans.

  Protects the insured employer against claims by employees or former employees resulting from negligent acts or omissions in the administration of the insured's employee benefits programs. The term "employee benefits programs" is defined to include group life insurance and group accident and/or health insurance; profit sharing plans; employee stock subscription plans; and workers' compensation, unemployment insurance, social security benefits, disability benefits, etc. Coverage is intended to extend to the "administration" of these plans, including counseling employees, interpreting employee benefits programs, handling records, enrolling/terminating/canceling employees in specified plans on a timely basis, etc. For example, through an oversight, a company fails to enroll an employee in the medical insurance program. As a result, substantial medical bills are not insured. This coverage can sometimes be added to a general liability policy. It can also be obtained under a fiduciary liability policy.

• Lost wages and medical care

  Our policies cover a wide range of services related to workers’ compensation and employers’ liability claims, including compensation for lost wages and the cost of medical care and rehabilitation.

• Legal defense costs

  We’ll cover the costs of your legal defense and carefully manage the litigation process, even negotiating judgments if it’s in your best interest.

• Your employees while using their personal autos on company business

  If an employee is driving his or her own car on company business with your permission and has an accident, the employee’s liability is covered in excess of his or her own auto insurance.

• Rental car costs

  If you elect physical damage coverage on your policy, and a covered private passenger auto is stolen, we will reimburse you up to an additional $30 per day for the cost of a rental car. (Maximum limit is increased to $400.)

• No deductible on glass repairs

  As long as you elect the NAB Property & Casualty Program’s comprehensive physical damage coverage, we’ll waive the applicable physical damage deductible if you have the damaged glass repaired instead of replaced.

• Permanently installed electronic equipment

  Physical damage coverage is expanded to apply to sound transmitting equipment as well as sound receiving equipment that is permanently installed in the covered auto.

• Autos hired anywhere in the world

  The coverage territory with regard to liability arising out of the operation of hired autos is expanded to worldwide. However, for coverage to apply, the suit against you must be brought in the U.S., the territories and possessions of the U.S., Puerto Rico or Canada.

• Lease gap coverage

  While many insurers offer this coverage at an additional charge, the NAB Property & Casualty Program includes this valuable protection as part of physical damage coverage automatically. So in the event of a total loss to one of your leased covered autos, the outstanding balance of the lease will be paid, if it exceeds the actual cash value.

• Newly acquired organizations

  If your business is incorporated and it acquires majority ownership of a company for which auto insurance is not in-force at the time of the change, the NAB Property & Casualty Program will extend insurance protection to your newly acquired company for 180 days after the acquisition.

• Subsidiaries

  If you inadvertently neglect to list a subsidiary on the insurance application, coverage is automatically extended to that subsidiary, even though it is not specifically named.

• Employee lawsuits from other workers

  With the NAB Property & Casualty Program’s broadened commercial auto policy, your employees are afforded protection against suits from fellow employees in case state law does not grant immunity to the employee. Coverage is in excess of the driver’s personal auto policy.

• Airbags

  The NAB Property & Casualty Program expands coverage to pay for resetting or replacing an airbag that inflates, even if your auto has not been in an accident.

• Broadened coverage for extra expense

  If your covered auto is stolen and then recovered, the NAB Property & Casualty Program will pay the cost of returning the car to you. (Some insurers don’t cover this expense, as they don’t consider it to be a loss to the covered auto.)

• Protect Assets

  The program offers D&O coverage meant to help protect the assets of your broadcasting operation as well as those of your board members from frivolous lawsuits.

Rated A+ (Superior)

Underwritten by The Hartford, rated A+ (Superior) by A.M. Best, with a Financial Rating of XV (greater than $2 billion).