Commercial INsurance Products

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Commercial Insurance Products

GENERAL LIABILITY:

This coverage pays for bodily injury and property damage to third parties due to negligence on the part of the insured. General Liability policies are broken down into two parts:

Premises Operations and Completed Operations - Premises/operations deals with bodily injury and property damage caused at a particular job site while the insured is on the job site.

Completed Operations - Completed Operations deals with losses caused at the jobsite after the insured work has been completed.

WORKERS COMPENSATION:

This coverage pays for injuries that occur to your workers while they are working for you. They include small injuries such as scratches and scrapes up to major injuries that can include permanent disabilities or even death. Workers Compensation even includes coverage for Employers Liability.

CRIME:

Coverages can be acquired for Employee Dishonesty losses, Theft of Money and Securities, Forgery/Alteration, Electronic Data Processing, and even Kidnap and Extortion losses.

AUTOMOBILE COVERAGE:

Automobile coverage includes automobile liability and automobile physical damage. Auto Liability covers you for bodily injury and property damage that occurs to third parties due to your use of covered autos. Automobile Physical Damage is coverage for the cost to repair damage to your owned or rented vehicles.

INLAND MARINE COVERAGE

Inland Marine insurance is coverage for property damage for your tools and equipment. This coverage should be tailored to include all your small tools as well as large mobile equipment and leased and rented equipment.

BUILDER'S RISK COVERAGE

Builder’s Risk coverage is also an inland marine coverage form. It covers your construction project while it is in the course of construction. This is first party property coverage while you have an insured interest in the project.

POLLUTION LIABILITY:

This covers you for losses attributable to a release of pollutants that cause bodily injury and property damage. Given the pollution exclusions prevalent on General Liability Policies, this is an exposure that needs to be addressed by most contractors.

PROFESSIONAL LIABILITY

Professional Liability is also known as design liability or design errors and omissions coverage. This provides coverage for any designs, plans, drawings that are used and found to be faulty causing bodily injury or property damage.

EMPLOYMENT PRACTICES LIABILITY

Employment practices Liability covers the insured for acts by the insured or the insured’s employees for sexual harassment, workplace harassment, wrongful termination and other alleged employee related issues. This is an area where most insured do not even realize an insurance coverage is available.