Life, Health, Personal & Commercial, Bonds

Protecting your Assets and minimizing your Liability exposure is the focus of Mason Group Insurance's "Exposure Analysis".  By analyzing your business' risk and exposure we can recommend the optimal blend of insurance coverage and risk management.  UTILIZING OUR STRATEGIC PARTNERS AND BROKERS WE DEVELOPE A PLAN FOR YOU..


In simplest terms, a surety bond is a guarantee; what the bond specifically guarantees depends on the language of the bond.

Surety bonds are a three party agreement that acts as insurance for the obligee, the party requiring the bond (usually the government) of the principal (you).

From the principal's point of view surety bonding is a form of credit, not insurance. However, many are mislead to believe they are insured, but it is actually the obligee (whoever is requiring the bond) that is insured.

The final party involved is the surety company, that's where we come into play. We only use top rated surety companies to ensure they meet the financial requirements to be accepted by local, state, and Federal governments.


We have the tools and experience to analyze and recommend the correct property insurance coverages for your business.  Our strong relationships with property insurers results in direct cost savings for our clients.

Commercial property insurance may be purchased on the basis of the property's actual value (the replacement cost minus depreciation), its replacement value (the cost of replacing without deducting for depreciation), or on an agreed amount basis (usually unique exposures and art objects).

Commercial property insurance is designed to protect your business in the event owned property is lost, stolen or damaged.  Different policies protect against different risks and perils.  We can tailor affordable insurance coverage to meet your needs.


By utilizing our Exposure Analysis and checklists, and through interviews and personal inspections - we can develop a program to minimize and manage your exposures.  We will review your existing policies focusing on retentions, risk needs and program viability.  We will assist you in determining the right general liability insurance protection plan.  

General Liability Insurance coverage insures your business in the event of accidents and injury that might occur on your premises and exposures related to your products or services.  It will protect your business from possible large settlements  for bodily injury or property damage to a third party and for medical expenses accruing to the underlying incident. 

A commercial auto insurance policy serves as protection against liability for bodily injury and property damage relative to your ownership, maintenance, or use of vehicles involved in doing business.  Your business  may also need "hired and non-owned " auto liability coverage for vehicles your employees use or that you rent or borrow.  


Being proactive and resourceful is a must when dealing with workers' compensation policies and the resulting losses and experience modifiers.  We help you manage those losses, and review and analyze experience modifiers.

Workers' compensation insurance protects an employer from liability for an accident involving an employee.  The insurance coverage pays benefits to your employees if they are injured on the job.  It will cover their medical bills, a portion of lost wages, vocational rehabilitation, and death benefits. 


THIS MONTHS TOPIC.................

[i]Contractors, Subcontractors, and Contracts


A little knowledge, keeping informed, and the right risk management and insurance partners can make all the difference.


One of the greatest challenges that contractors face today is the General Contractor and Subcontractor contract language for insurance – especially the indemnification clauses.  These challenges have helped make the contractor insurance marketplace so volatile.  General Contractors feel the need to transfer as much of their risk as possible.  Subcontractors often believe they are being handcuffed and pushed into contracts with which they disagree. 

            The influx of “low cost” subcontractors, coupled with ever changing laws and regulations have made it difficult for Subcontractors to find appropriate and affordable coverage.  This can make it very difficult for Subcontractors to meet the ever stringent contract requirements made of them.

The continuously growing litigious atmosphere has forced General Contractors to protect themselves as fully and completely possible.  A “CYA” type of prevailing attitude.  The ever increasing likelihood of being brought into claims situations necessitates strict risk management techniques.

Caught in the middle are the risk managers, brokers and insurance companies.  All looking out for the best interests of their clients; often having to change hats depending on which client they are dealing with. 

In a perfect world every contract would be fair and equitable to all sides.  But that is not the reality.  It is usually whoever is swinging the bigger hammer that tends to make the rules; so it is up to each organization to be as proactive and informed as possible.

However, there are actions that contractors and brokers can take to help with these issues:

  • Check the contract.  Review the language.  Have the legal requirements been met?  Are the requirements enforceable?  Do they meet the intended goal?
  • Keep informed.  Know the state laws and regulations.
  • Find the right broker, consultants, and insurance company.  They can be indispensable in all of these processes.
  • Negotiate – always.  While not always fruitful it can often be worth the effort.


The issue of contractor contract language remains complex and will continue to evolve

as new legal and social precedents are established.  It is imperative to be aware of these issues and for contractors to surround themselves with properly equipped consultants.

[1] Michael A. Mason, CIC, ARM is President and Operating Manager for MASON GROUP INSURANCE.  For more information on MASON GROUP INSURANCE, please visit


The information set forth in this document is of a general nature and provided for informational purposes only.  The content of this document may omit certain details and cannot be regarded as advice that would be applicable to all conditions, situations or businesses.  In addition, the information presented is not a substitute for a thorough risk management survey of your business operations.  Readers seeking resolution of specific issues or business concerns regarding this topic should consult their professional insurance consultant.  Mason Group Insurance does not warrant that the implementation of any view or recommendation contained herein will result in the elimination of any unsafe conditions at your business locations or with respect to your business operations. 

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