Commercial Insurance

Our team of specialists have years of industry experience working with contractors, owners, engineers, and construction professionals.  In a highly contractual and potentially litigious environment it is imperative to partner with a team that has in depth knowledge in training and educating its clients on contractual risk transfer.  Ensuring the placement of secure supplier agreements, owner contracts, and subcontractor agreements can make all the difference in having the “right” protection for years to come. The Sovereign team understands that having accurate budgets and being on-time can make or break construction opportunities for its clients.  Therefore, prompt attention to service deliverables such as certificates of insurance, bond execution, policy issuance, and tight project cost analysis are the top priority for the Sovereign team. We assist clients in making sure they are properly protected through a full range of insurance lines such as:

  • Inland Marine
  • Automobile Liability
  • General Liability
  • Property
  • Workers Compensation
  • Cargo
  • Professional Liability
  • Builders Risk
  • Environmental Liability
  • Surety
  • Contractor & Owner-Controlled Insurance Programs
  • And More…

The Sovereign team regularly partners with private equity, securities broker-dealers, investment advisors, asset managers, and lenders to provide ultimate protection. The diversity of ownership, control, active or passive operational management of investment or portfolio companies requires a unique combination of skill sets necessary to create comprehensive protection plans. As a privately owned firm, Sovereign is uniquely positioned to quickly respond to the needs of our financial services clients. Sovereign’s team is diligent and flexible in all areas, and assists its clients in making sure they are properly protected through a full range of insurance lines such as:

  • Directors & Officers
  • Privacy / Cyber Liability
  • Hired & Non-Owned Automobile Liability
  • General Liability
  • Property
  • Workers Compensation
  • Employment Practices
  • Errors & Omissions
  • Crime
  • Surety
  • Business Interruption
  • Political Risk
  • And More…

Sovereign serves clients across all sectors of this dynamic industry, from fast food and fine dining to resorts and motels.

Risk & Industry Specialization

We align our resources with your business activities and work with you to establish solid risk management goals.  Our industry experts thrive on new challenges, and after we analyze your specific business needs we will craft a strategy that gives you piece of mind.  Whether your business is an extended stay hotel or a five star restaurant, we know how to mitigate your risk.

The business classes we support include, but are not limited to:

  • Hotels
  • Restaurants
  • Franchisees
  • Golf Courses
  • Extended Stay Apartments
  • Bars & taverns
  • And more...
Restaurant Insurance

We understand that the business of hospitality is vulnerable primarily because of the “fluid nature” of the business and the work that hospitality employees engage in. These work activities create circumstances where injuries can occur.  Activities such as cleaning, food & beverage serving, valet parking, maintenance, lifting, walking, etc. all create opportunities for injuries, property loss, and liability claims to occur.  These are loss exposures that are very real and that if left unmanaged will eventually have an adverse, if not devastating, effect on an organization's profitability and reputation.

Our Commitment to the Hospitality Industry

Let us assess your program and then work with you to map out a risk management strategy for an ongoing proactive program to include: workers comp claims reduction, property protection and loss prevention, liquor liability exposure reduction, product liability, cyber liability, insurance program cost containment, proactive claims expense management, improved hiring practices, safety program design, premises liability reduction, crisis and emergency management, etc.

From traditional to very specialized retailers, payday lending or pawn operators, to wholesale operations our team is experienced in providing comprehensive risk management solutions for each unique organization. There are many nuances in maintaining the proper protections for retail and wholesale clients as exposures vary wildly. From client interactions, to lessor management, to property of others in your care custody or control, to vendor compliance, it is important to partner with a firm like Sovereign that has firsthand knowledge of the retail and wholesale industries. We assist clients in making sure they are properly protected through a full range of insurance lines such as:

  • Automobile Liability
  • General Liability
  • Property
  • Workers Compensation
  • Employment Practices
  • Directors & Officers
  • Privacy / Cyber Liability
  • Crime
  • Cargo
  • And More…
 

Sovereign Risk Solutions, LLC has a long history in this risk environment beginning over 25 years ago with staff members representing major real estate development projects across most of the Southeast, Middle Atlantic and Northeastern sections of the country. The scope of coverages ranging from the usual and customary property and liability programs to the more complex such as professional liability, management liability, cyber and environmental are all a part of the expertise Sovereign brings to the client table. The assistance we provide in defining the coverage necessities in leases, maintenance and security agreements and tenant/vendor liability is the primary strength we bring to this community of clients.

Some of the insurance products we represent are:
  • Broadened Property with Builder’s Risk enhancements and Inland Marine components
  • Enhanced Liability coverages including when necessary, unique additions such as Garage Keepers Legal Liability
  • Workers’ Compensation
  • Professional Liability
  • Environmental Liability
  • Commercial Crime

Sovereign clients span the spectrum of Social Service organizations from residential facilities for juvenile behavioral health to non-profit organizations specializing in community services of all types. The diversity of exposures associated with the social services environment requires a special understanding of the risk profile as well as a broad relationship with the underwriting community which serves this “industry”. Sovereign portrays both understanding and broad relationship components to assure the Social Services client the best pricing and coverage outcome.

Because the budgetary concerns of the members of this community necessitated by private donors, special events to attract funding and the unique make up of boards of directors and corporate sponsorships, Sovereign appreciates the “most for the least” coverage and pricing imperatives demanded by this community.

We assist clients in this environment with the design and implementation of a program which will meet their needs and has the ability to grow as coverage requirements become more complex as the exposure matures and the risk inherent with the growth in exposure expands as well. Some coverages we represent are:

  • Professional Liability
  • General Liability
  • Special Events Liability
  • Abuse and Molestation Liability
  • Active Assailant Liability
  • Directors’ and Officers’ Liability
  • Fiduciary Liability
  • Kidnap & Ransom
  • Cyber Liability
  • Automobile Liability
  • Employment Practices Liability
  • Active Shooter Liability
  • Workers’ Compensation
  • Property / Inland Marine
  • Commercial Crime

Crafting Innovative Insurance Solutions for Businesses of All Sizes

Sovereign’s experienced professionals will develop a comprehensive commercial insurance protection plan specifically tailored to address your unique risk exposures and desired risk financing strategies.  We have experience in working with start-up businesses, Fortune 500’s, and those companies in between.

We provide more than cost-efficient insurance policies; we produce customized risk management and insurance solutions based on your company’s needs and goals for the future.

We enjoy exceptional market relationships with the leading underwriting facilities ensuring our clients receive comprehensive coverage at competitive pricing.  Staying abreast of the ever-changing marketplace assures our clients’ programs are continuously up to date.

Construction & Engineering

Our team of specialists have years of industry experience working with contractors, owners, engineers, and construction professionals.  In a highly contractual and potentially litigious environment it is imperative to partner with a team that has in depth knowledge in training and educating its clients on contractual risk transfer.  Ensuring the placement of secure supplier agreements, owner contracts, and subcontractor agreements can make all the difference in having the “right” protection for years to come.

The Sovereign team understands that having accurate budgets and being on-time can make or break construction opportunities for its clients.  Therefore, prompt attention to service deliverables such as certificates of insurance, bond execution, policy issuance, and tight project cost analysis are the top priority for the Sovereign team.

We assist clients in making sure they are properly protected through a full range of insurance lines such as:

  • Inland Marine
  • Automobile Liability
  • General Liability
  • Property
  • Workers Compensation
  • Cargo
  • Professional Liability
  • Builders Risk
  • Environmental Liability
  • Surety
  • Contractor & Owner-Controlled Insurance Programs
  • And More…

Financial Services

The Sovereign team regularly partners with private equity, securities broker-dealers, investment advisors, asset managers, and lenders to provide ultimate protection.

The diversity of ownership, control, active or passive operational management of investment or portfolio companies requires a unique combination of skill sets necessary to create comprehensive protection plans.

As a privately owned firm, Sovereign is uniquely positioned to quickly respond to the needs of our financial services clients.

Sovereign’s team is diligent and flexible in all areas, and assists its clients in making sure they are properly protected through a full range of insurance lines such as:

  • Directors & Officers
  • Privacy / Cyber Liability
  • Hired & Non-Owned Automobile Liability
  • General Liability
  • Property
  • Workers Compensation
  • Employment Practices
  • Errors & Omissions
  • Crime
  • Surety
  • Business Interruption
  • Political Risk
  • And More…

Hospitality

Sovereign serves clients across all sectors of this dynamic industry, from fast food and fine dining to resorts and motels.

Risk & Industry Specialization

We align our resources with your business activities and work with you to establish solid risk management goals.  Our industry experts thrive on new challenges, and after we analyze your specific business needs we will craft a strategy that gives you piece of mind.  Whether your business is an extended stay hotel or a five star restaurant, we know how to mitigate your risk.

The business classes we support include, but are not limited to:

  • Hotels
  • Restaurants
  • Franchisees
  • Golf Courses
  • Extended Stay Apartments
  • Bars & taverns
  • And more…
Restaurant Insurance

We understand that the business of hospitality is vulnerable primarily because of the “fluid nature” of the business and the work that hospitality employees engage in. These work activities create circumstances where injuries can occur.  Activities such as cleaning, food & beverage serving, valet parking, maintenance, lifting, walking, etc. all create opportunities for injuries, property loss, and liability claims to occur.  These are loss exposures that are very real and that if left unmanaged will eventually have an adverse, if not devastating, effect on an organization’s profitability and reputation.

Our Commitment to the Hospitality Industry

Let us assess your program and then work with you to map out a risk management strategy for an ongoing proactive program to include: workers comp claims reduction, property protection and loss prevention, liquor liability exposure reduction, product liability, cyber liability, insurance program cost containment, proactive claims expense management, improved hiring practices, safety program design, premises liability reduction, crisis and emergency management, etc.

Retail & Wholesale

From traditional to very specialized retailers, payday lending or pawn operators, to wholesale operations our team is experienced in providing comprehensive risk management solutions for each unique organization.

There are many nuances in maintaining the proper protections for retail and wholesale clients as exposures vary wildly. From client interactions, to lessor management, to property of others in your care custody or control, to vendor compliance, it is important to partner with a firm like Sovereign that has firsthand knowledge of the retail and wholesale industries.

We assist clients in making sure they are properly protected through a full range of insurance lines such as:

  • Automobile Liability
  • General Liability
  • Property
  • Workers Compensation
  • Employment Practices
  • Directors & Officers
  • Privacy / Cyber Liability
  • Crime
  • Cargo
  • And More…

 

Real Estate & Property Management

Sovereign Risk Solutions, LLC has a long history in this risk environment beginning over 25 years ago with staff members representing major real estate development projects across most of the Southeast, Middle Atlantic and Northeastern sections of the country. The scope of coverages ranging from the usual and customary property and liability programs to the more complex such as professional liability, management liability, cyber and environmental are all a part of the expertise Sovereign brings to the client table. The assistance we provide in defining the coverage necessities in leases, maintenance and security agreements and tenant/vendor liability is the primary strength we bring to this community of clients.

Some of the insurance products we represent are:

  • Broadened Property with Builder’s Risk enhancements and Inland Marine components
  • Enhanced Liability coverages including when necessary, unique additions such as Garage Keepers Legal Liability
  • Workers’ Compensation
  • Professional Liability
  • Environmental Liability
  • Commercial Crime

Social Services

Sovereign clients span the spectrum of Social Service organizations from residential facilities for juvenile behavioral health to non-profit organizations specializing in community services of all types. The diversity of exposures associated with the social services environment requires a special understanding of the risk profile as well as a broad relationship with the underwriting community which serves this “industry”. Sovereign portrays both understanding and broad relationship components to assure the Social Services client the best pricing and coverage outcome.

Because the budgetary concerns of the members of this community necessitated by private donors, special events to attract funding and the unique make up of boards of directors and corporate sponsorships, Sovereign appreciates the “most for the least” coverage and pricing imperatives demanded by this community.

We assist clients in this environment with the design and implementation of a program which will meet their needs and has the ability to grow as coverage requirements become more complex as the exposure matures and the risk inherent with the growth in exposure expands as well.

Some coverages we represent are:

  • Professional Liability
  • General Liability
  • Special Events Liability
  • Abuse and Molestation Liability
  • Active Assailant Liability
  • Directors’ and Officers’ Liability
  • Fiduciary Liability
  • Kidnap & Ransom
  • Cyber Liability
  • Automobile Liability
  • Employment Practices Liability
  • Active Shooter Liability
  • Workers’ Compensation
  • Property / Inland Marine
  • Commercial Crime