Federated’s All Risk Blanket Policy

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

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:

  • All risk of direct physical loss with minimal exclusions
  • Blanket loss limit
  • Replacement cost coverage on most items
  • No coinsurance
  • Full coverage on all property away from the premises
  • Full coverage on all property in transit
  • Per occurrence deductible

General Liability

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:

  • No aggregate liability limits for bodily injury or property damage claims
  • Employee benefit administration coverage with no deductible
  • Blanket contractual liability coverage
  • Blanket Additional Insured for Mortgagees, Lessees and Loss Payees
  • Employees, Volunteers and Directors are Named Insureds
  • Work within 50 feet of a railroad is not excluded
  • Advertising liability coverage
  • Host liquor liability coverage
  • Stray voltage liability coverage
  • Failure to supply is not excluded
  • Deductibles starting at $0

Automobile

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:

  • Fleet coverage – all automobiles covered automatically, no reporting required
  • Attached hydraulic equipment covered on a replacement cost basis regardless of age
  • Comprehensive deductible waived for windshield chip repairs
  • Employee autos covered for physical damage while used in the course of business

Crime

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:

  • Coverage for unauthorized use of company credit cards by employees
  • Non-salaried Officers and Trustees covered the same as employees
  • No deductible

Other Policies offered by Federated

Commercial Umbrella

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:

  • Fire suppression coverage
  • Fire legal liability coverage
  • Excess Employers’ Liability coverage

Cyber Liability

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:

  • No deductible
  • Legal counsel services
  • Customer notification
  • Credit monitoring and identity theft restoration services
  • Extensive on-line risk management and training database

Directors, Officers and Managers Liability

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:

  • Claims-made coverage (retroactive coverage available)
  • Entity coverage
  • Employment Practices Liability coverage
  • Employee Retirement Income Security Act of 1974 (ERISA) coverage
  • Merger and acquisition coverage

Workers’ Compensation & Employers’ Liability

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:

  • Other States coverage (except ND, OH, WA, WY)
  • RUS endorsement

Electromagnetic Field Liability

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:

  • Claims-made coverage
  • Coverage for devaluation of real estate
  • No deductible for claims other than devaluation of real estate
  • Devaluation of real estate carries a $10,000 deductible

Railroad Protective Liability

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:

  • Railroad is the named insured
  • Minimal cost for $2M per occurrence coverage (higher limits available)
  • Coverage automatically ceases when work is complete

Surety Bonds

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:

  • Notary Bonds
  • Right-of-Way Bonds
  • Permit/License Bonds
  • Bid/Performance/Payment Bonds

Other Insurance Solutions

Other Insurance Solutions

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:

  • Builders’ Risk
  • Information Security Liability
  • Credit Risk
  • Earthquake
  • Flood
  • Travel Accident
  • Boiler & Machinery
  • Other insurance solutions as requested by our members

For definitions of various insurance terms, please click here.