Dealer Program Policies

II. Additional Operational Policies

• B. Insurance

  Dealer shall maintain adequate insurance as defined below:

  1. Dealers shall obtain insurance coverage from one or more insurance companies with a financial strength rating of “A-” “VII” or better in the current edition of A.M. Best Company’s Key Rating Guide.
  2. Minimum Commercial General Liability (“CGL”) insurance requirements are as follows (amounts in US Dollars):
     • Each Occurrence – Premises/Operations $1,000,000
     • Personal & Advertising Injury$1,000,000
     • General Aggregate$2,000,000
  3. If Dealer is performing services for a customer whose overall value (aggregate value of the home, business, other on-site property, and products and services performed) exceeds the aggregate coverage of the Dealer’s CGL policy, they should obtain individual occurrence and aggregate coverage or umbrella coverage sufficiently to cover any potential loss.
  4. If the Dealer integrates networking equipment or engages in network-supported remote management (e.g., OvrC) then it must maintain a cyber liability policy of at least $1,000,000.

Version: January 16, 2024