Commercial auto Insurance

The business auto coverage form is an insurance form that insurers provide to business owners when creating a contract to provide insurance coverage for the company’s cars, trucks, trailers, vans or other vehicles. The form is divided into five sections that define the coverage, including the types of damage covered, in addition to both the insurer’s and business’s obligations in the event that damage occurs.

Commercial Liability

Commercial general liability (CGL) is a type of insurance policy that provides coverage to a business for the bodily injury, personal injury, and property damage caused by the business’s operations, products, or injuries that occur on the business’s premises. Commercial general liability is considered comprehensive business insurance, though it does not cover all risks a business may face.

Commercial Umbrella Insurance

A commercial umbrella policy increases your liability coverage to provide extra payouts that help you cover substantial claims. This type of insurance can feasibly protect your company from any liability claim, including libel, reputational damage, vehicular accidents, product liability, or customer injury.

Builders Risk - Inland Marine - Property

Builder's Risk Insurance is a type of Inland Marine coverage, often calling their product “Inland Marine – Builder's Risk.” The main difference between the two is that Builder's Risk cover materials and fixtures of a structure while it is being built or remodeled.

Workers Compensation

Worker’s compensation is a publicly sponsored system that pays monetary benefits to the workers who become injured or disabled in the course of their employment. Workers’ compensation is a type of insurance that offers employees compensation for injuries or disabilities sustained as a result of their employment.

Equipment - Inland Marine

The inland marine insurance covers a wide range of property and materials:

• Property in transit
• Property in the custody of a bailee
• Property deemed to be an instrumentality of transportation or communication
• Mobile medical equipment
• Contractors equipment & tools

Directors & Officers Insurance

Directors and officers (D&O) liability insurance is insurance coverage intended to protect individuals from personal losses if they are sued as a result of serving as a director or an officer of a business or other type of organization. It can also cover the legal fees and other costs the organization may incur as a result of such a suit. Directors and officer’s liability insurance is akin to corporate governance, corporate law, and the fiduciary duty owed to stakeholders, such as shareholders and beneficiaries. US federal law grants directors and officer’s broad discretion in their business activities. Corporate law is typically handled at the state level. Publicly traded companies are subject to more federal regulation than privately held companies, particularly due to the Securities Act of 1933 and the Securities Exchange Act of 1934.

Bond Insurance

Bond insurance is a type of insurance policy that a bond issuer purchases that guarantees the repayment of the principal and all associated interest payments to the bondholders in the event of default. Bond issuers will buy this type insurance to enhance their credit rating in order to reduce the amount of interest that it needs to pay and make the bonds more attractive to potential investors. Bond insurance is sometimes also known as financial guaranty insurance.

Errors & Omissions Insurance

Errors and omissions insurance (E&O) is a type of professional liability insurance that protects companies, their workers, and other professionals against claims of inadequate work or negligent actions.

Owners Interest - Builders Risk Liability)

Owners Interest Liability (Builders Risk Liability) insurance provides general liability insurance for vicarious liability the owner can face during a construction. Protection will drop down the pay covered losses that are uncollectible under the general contractor’s own policy because the limits have been eroded or coverage otherwise cannot respond. The policy can be extended to provide completed operations coverage aligned with the statute of repose in the applicable jurisdiction. Also, excess policies can be purchased in order to increase the amount of owner’s interest coverage.

Commercial Life Insurance

Commercial life insurance is a form of insurance that helps businesses protect their most valuable assets – their employees. A commercial life insurance policy ensures that if something unexpected were to happen to one of your key employees, the financial needs of your business would be protected.

Commercial Package Insurance

A commercial package policy (CPP) is an insurance policy that combines coverage for multiple perils, such as liability and property risk. A commercial package policy allows a business to take a flexible approach to obtain insurance coverage. The benefit of CPP is that it may allow the business to pay out a lower amount of premiums than if it purchased a separate policy for each risk.

Mixed Use - Property & Liability Insurance

A mixed-use property can be used simultaneously for both commercial and residential purposes. For instance, a building may have a retail storefront on the main floor such as a convenience store, bar, or restaurant, while the upper portion of the structure houses residential units.