Commercial Products
● Business Owner Policy | ● Workers Compensation | |
● Commercial Property | ● Cyber Liability | |
● Commercial Auto | ● Umbrella / Excess Liability | |
● General Liability | ● Flood | |
● Bonds |
Business Owner Policy (BOP) |
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Business Owner Policy (BOP) an insurance package that assembles the basic coverages required by a business owner in one bundle. The policy provides many types of coverage’s such as liability, property, business interruption, crime and non-owned / hired auto liability without requiring separate polices. BOPs are available for small to medium sized businesses and can offer specialized coverages for unique industries, e.g., restaurants, accountants, retailers, etc. |
Commercial Property |
Commercial Property Protects against physical damage to buildings, contents, stock, and equipment. The terms and conditions of coverage are determined by the limit of insurance chosen by the policyholder. The limit is based on the items that the policyholder wishes to insure; i.e., buildings, stock, machinery, valuable papers, etc. |
Commercial Auto |
Commercial Auto A type of insurance which protects the insured against losses involving automobiles and trucks. Different coverages may be included including the liability coverages of Bodily Injury, Property Damage, Medical Payments, Personal Injury Protection and Uninsured Motorist, and the Physical Damage coverages of Collision and Comprehensive. |
General Liability |
General Liability insurance is designed to protect business owners and operators from a wide variety of liability exposures. Exposures could include liability arising from accidents resulting from the insured's premises or operations, products sold by the insured, operations completed by the insured, and contractual liability. |
Worker's Compensation |
Workers Compensation Workers compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses. |
Cyber Liability |
Cyber Liability is composed of two defined risks:
Management of data protection risks involves brand and reputation risks, financial costs, and operational challenges. |
Umbrella / Excess Liability |
Umbrella Insurance - Umbrella insurance is designed to give added liability protection above and beyond the limits of other insurance policies such as general liability, employers liability and auto liability. |
Flood |
Commercial Flood denotes specific insurance coverage against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands and flood plains that are susceptible to flooding. Coverage for flood damage is available from the federal government under the National Flood Insurance Program but is sold by licensed insurance agents. Flood coverage is excluded under many commercial property policies. |
Bonds |
Bonds also know as surety. A bond promises to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. Bonds of various types guarantee a payment or a reimbursement for financial losses resulting from dishonesty, failure to perform and other acts. |