FORT WAYNE, Ind. - K&K Insurance Group has expanded its powersports program to include franchised Segway dealerships.
"Package and excess lines of coverage are offered to dealerships who sell approved brands of motorcycle and powersport products, including those without motorcycle product sales," the company announced.
Coverage available includes property, inland marine, crime, employment practices and excess liability. General liability includes demo liability, combination E&O (errors and omissions) coverage, false pretense, dealer’s physical damage, transit and temporary locations and garage keepers’ liability.
The minimum premium for this program is $10,000. No reporting or audits are performed; inventory values can be rated on the prior 12-month average values, according to K&K. Installment payment programs are reportedly available.
Conditions apply for dealers in Alaska, Hawaii, Massachusetts, New Jersey, New York and Washington, D.C., according to the agency.
Posted by Mary Slepicka