There are two main types of commercial insurance: property and casualty insurance:
Property insurance provides coverage for stolen, damaged, or destroyed property. Within this are several lines of coverage.
Casualty insurance provides coverage primarily for the negligent acts or omissions of the individual, business, or organization. There are several lines of coverage within this category as well:
o Commercial Umbrella -This is coverage for your business in case any liability insurance already possessed does not fully cover the actual liability. Having this insurance covers the excess liability.
o Worker's Compensation -Provides compensation for workers who become injured or ill due to a work-related activity.
Is your business properly insured? You deserves a business insurance policy that fits your specific coverage requirements. You’ve worked hard to build your business and establish your reputation – make sure you have the coverage that provides peace of mind.
Commercial Property Coverage -This covers your business or personal property and the personal property of others.
Inland Marine -This covers damage to or destruction of your business property while it is being moved from one location to another. It also cover the liability for the damage or destruction to the property of others while in your possession during transport.
Boiler and Machinery -This covers business property, other property losses, and legal fees resulting from boiler and other machinery malfunctions.
Crime -This covers the loss of merchandise and other assets of your business due to burglary, robbery, larceny, forgery, and employee theft.
Commercial Automobile -This covers any liability caused by use of an automobile in your business. There are different types of commercial automobile insurance to fit your business needs.
Commercial General Liability -This is the standard business insurance for liability coverage. There are three types of coverage
Premises Liability - Covers accidental injury or property damage resulting from dangerous condition(s) on business premises.
Products Liability - Covers bodily injury or property damage resulting from the use of your business' goods or services.
Completed Operations - Covers bodily injury or property damage caused from the completion of your work.