Commercial Lines

Coverage for tangible assets at specified locations including buildings, furniture & fixtures, inventory, and equipment. Examples could include a retail store’s items for sale, a restaurant’s range and cooking utensils, a garage’s lifts and alignment machines, or the even an office building itself. Coverage typically only applies while at listed locations.

An extension of property coverage, this insurance can protect against both lost income and increased expenses following a covered cause of loss. For example, should fire damage cause a restaurant to stay closed during reconstruction, this coverage could help replace the business’s lost income until they reopen or even the increased cost to temporarily rent another location nearby.

Similar to property insurance, inland marine covers tangible assets but often without the need to specify location. Property contracted for installation, blanket coverage for small tools and equipment, scheduled coverage for large and expensive equipment, and property in transit are just a few common forms of Inland Marine coverage.

A form of inland marine coverage, builders risk is designed to protect property while under renovation or construction. It often covers materials and can potentially include existing structures and / or labor and expenses, depending on how it’s programmed. Builders Risk policies can be location specific for single projects or blanketed to cover frequently changing construction needs across many locations.

Limited lawsuit protection for bodily injury and/or property damage for which an insured is determined to be at fault for. Examples could include bodily injury sustained when a customer slipped on an unmarked wet floor or property damage from a fire determined to have stemmed from a contractor’s faulty installation. When triggered, General Liability covers both settlement and defense costs, up to the policy limits provided, and is not typically subject to a deductible.

Provides coverage for employee vs employer lawsuits alleging discrimination and / or harassment of a protected class, the most common including race, religion, gender, age or sexual orientation. Like liability coverage, when triggered employment practices liability covers defense costs, regardless of a lawsuit’s merits, and can include or exclude acts to third parties, depending on how it’s written.

A general term for industry specific professional liability coverage excluded by general liability. The most identifiable form is doctor’s medical malpractice insurance, but it’s also commonly required for architects, engineers, lawyers, programmers, real estate professionals, and even insurance agents.

Covers damage sustained to company owned vehicles (comprehensive and collision) as well as bodily injury and property damage they cause to others (auto liability). Underinsured / Uninsured Motorist Coverage (commonly referred to as UM / UIM) covers damage sustained to company vehicles when an at-fault driver’s coverage isn’t enough to cover the full cost of damage and can potentially even extend to bodily injury suffered by employees, though those claims typically fall to workers comp. Hired / Non-Owned Auto Liability extends the company’s auto liability protection when non-company vehicles are used for company purposes.

A convenient way to increase coverage for a company’s three main liability exposures simultaneously – general liability, auto liability, and employer’s liability (workers comp). Umbrella policies are typically sold in million dollar increments with multiple policies sometimes being used to achieve the highest limits.

A general insurance term referring to coverages that protect from financial losses resulting from data breaches or compromises, cyberattacks, and other online risks. Cyber coverage can help protect against first-party exposures like incident response, business interruption, data recovery, or network extortion; third-party exposures like cyber liability, notification responses and regulatory proceedings; and even crime exposures like social engineering, electronic funds transfer, and computer fraud.