K&K Expands Franchised Powersports Dealer Program

April 18, 2013

K&K Insurance Group, Inc. has enhanced its franchised powersports dealer program to now include coverage for personal transportation machines manufactured by Segway. 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.

Coverage available includes property, inland marine, crime, employment practices and excess liability. General liability includes demo liability, combination E&O coverage, false pretense, dealer’s physical damage, transit and temporary locations and garage keepers’ liability. 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.

The program is available in all states except Massachusetts, New Jersey and Washington D.C. and written on admitted paper in all other states except for, Alaska, Hawaii, New York, and Virginia, where it is written surplus lines. Interest-free payment plans are available.

Coverage is offered on an admitted basis and provided through an insurance carrier rated “A+” (Superior) by A.M. Best Company.

K&K Insurance Group, Inc., a subsidiary of Aon, is a managing general underwriter offering insurance products and services to the sports, motorsports, recreation, leisure and entertainment industries.

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