Falvey Insurance Group has introduced commercial output insurance – a new offering that merges commercial property and inland marine coverages to secure a company’s products both during manufacture and in transit.
The policy, developed by Falvey’s inland marine managing general agency, is tailored to meet the insurance requirements of businesses in the manufacturing, institutional, industrial, and commercial fields, with a particular focus on entities operating on a medium to large scale.
Amalgamating critical insurance elements into one comprehensive package is aimed at simplifying businesses’ insurance portfolios while ensuring seamless coverage without gaps or overlaps.
Complementary to Falvey’s existing suite of inland marine products, the new policy spans features like property in transit, electronic data processing, contractors’ equipment, and business interruption.
Falvey chief underwriting officer Tom Nasso 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.”
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