Commercial Insurance

The most common types of commercial insurance are property, liability and workers’ compensation. 
In general, property insurance covers damages to your business property; liability insurance covers damages to third parties; and workers’ compensation insurance covers on-the-job injuries to your employees. 

Commercial Lines – are insurance lines used to cover commercial risks. Most common coverage are Commercial General Liability (CGL), Worker’s Compensation, Business Personal Property (BPP).

Commercial General Liability, Product Liability, Property, Excess Liability

Commercial General Liability

A Commercial General Liability (CGL) policy is for your business protection from financial loss should you be liable for property damage or personal and advertising injury caused by your operations, services or by your employees. It covers nonprofessional negligent acts. Understanding this coverage is an important first step in managing CGL risks.

Here are just a few examples of situations in which your business could be responsible for paying various costs, such as medical and legal expenses, as well as compensatory and punitive damages:

A customer trips on loose flooring and is injured while visiting your business.

An employee in your painting or construction business accidentally leaves water running, causing substantial damage to a customer’s home.

A class action lawsuit is filed against your business, alleging advertisements constituted misleading information.

Product Liability

In today’s litigious climate, manufacturers, sellers and distributors can never be certain they won’t be held responsible for a malfunctioning product.

The Problem

Securing quality, comprehensive liability insurance for all types of product, regardless of complexity.

The Risk

Costly and disruptive lawsuits brought against product manufacturers, importers, sellers or distributors, despite actual liability.

The Solution

A complicated product liability risk can scare some companies away. Our experience allows us to meet the ferocious head on, without neglecting the tamer accounts.

Flexible liability coverage for manufacturers, importers, sellers or distributors of a wide range of products.

Claims made coverage, which is particularly suited to smaller, start-up companies.

Worldwide coverage will consider most risks including:

  • Medical and Sports Equipment
  • Vitamins, Drugs, Supplements
  • Automotive & Industrial Products
  • Health & Fitness products
  • New products
  • Risks with claims
  • Produce and Processed Food

Coverage options to suite an insured’s needs:

  • Product Liability only or products including GL
  • Product Liability with Design E & O
  • Product Liability with Vendors and/or
  • Product Recall Expense coverage

Property Insurance

Property Insurance or Business Personal Property (BPP) coverage is the most basic property coverage offered for businesses and organizations. Like Personal Property coverage in a Homeowner’s policy, Business Personal Property covers nearly all items of value that aren’t considered a structure, fixture, automobile, watercraft, or aircraft. Of course, any structure is covered under Building or Tennent Improvement coverage.

Casualty Insurance

Casualty Insurance is a policy that includes liability coverage to help protect you if you’re found legally responsible for an accident that causes injuries to another person or damage to another person’s belongings.

Casualty insurance includes vehicle, liability, and theft insurance. Just as you can purchase property insurance to protect yourself from financial loss, liability insurance protects you from financial loss if you become legally liable for injury to another or damage to property.

Commercial Auto Insurance

Commercial Auto or Business Auto insurance covers cost of accidents involving business-owned vehicles. 

Business auto liability insurance helps cover the financial responsibility if you or an employee is at fault in an accident and people are injured or their property is damaged.

A minimum amount of commercial auto liability insurance (or proof of financial responsibility) is required in most states. Business Auto insurance also covers vehicle theft, vandalism, and certain types of vehicle damage. It is form of Public Liability insurance which is a key consideration if your business comes into contact with members of the public, whether that’s at your premises or elsewhere. It can protect you against compensation claims for injury or damage made by clients, customers, suppliers, or other third parties.

We have access to several markets for Commercial Auto Policies and could cover following risks:

  • Non Emergency Medical Transportation
  • Commercial Auto for Distribution and Manufacturers
  • Contractors and Service Business Commercial Auto
  • Public Livery

Worldwide Insurance

Insurance that is primarily concerned with the losses caused by injuries to persons and legal liability imposed on the insured for such injury or for damage to property of others.

An international insurance program of a multinational company with a policy territory encompassing the entire world except for the country in which the insured is domiciled.

Entertainment Venues and Hospitality Insurance

We have excellent markets as specialty niche for All Entertainment Venues, such as Theaters, Night Clubs, Lounges and Restaurants. We provide coverage for the venues including coverage for Liquor Liability, Assault and Battery with or without security guard contractors.

Parking Risk Management, Parking Structures Insurance

Our Parking and Valet Operators Program designed for businesses engaged in operations related to parking customers’ cars, such as self-parking garages and lots, assisted parking, valet parking for special events. If qualified, coverage can be written by carriers rated “A” XV or better by A.M Best. We also have markets for not so perfect risks.
Exposures can include parking operations at retail or office complexes, hotels, entertainment venues, restaurants, medical centers, high-rise residential facilities and airports, and extend to incidental operations in conjunction with parking, such as car washing, detailing and minor repairs; moving a customer’s vehicle to a repair facility for minor repairs; and basic concierge type services such as luggage assistance or bellman operations.
The program provides Garage Liability and Commercial General Liability with additional broadened coverages, and garage keepers legal liability. General liability limits include a general aggregate of $2 million that applies per location, and the Garage Keeper’s Legal Liability carries a per-vehicle limit of up to $250,000 with $1 million per location and policy aggregate limits of $5 million. Excess Liability limits of up to $50 million are available.

Garage Liability

Liability exposure when patron relinquishes possession of their keys and cars to a valet or parking garage operator, the transaction is a bailment. The parking garage will be liable for theft or damage to that car.

Garage Liability covers the legal liability of franchised and non-franchised automobile, motorcycle, recreational vehicle, trailer dealers, truck and truck-tractor, for claims of bodily injury (BI) and property damage (PD) arising out of insured’s operations. This insuring agreement includes, “who is an insured” provisions, and “limit of insurance” provisions—one dealing with garage operations involving the ownership, maintenance, or use of autos and the other dealing with all other garage operations. This covers vehicles in control, care and custody of the insured when utilized in their operation.

Manufacturing Risk Management, Distribution Company Risk Management

  1. Flexible liability coverage for manufacturers, importers, sellers or distributors of a wide range of products.
  2. Claims made coverage, which is particularly suited to smaller, start-up companies
  3. Worldwide coverage
  4. Will consider most risks including:
    • Produce and Processed Food
    • Garment Manufacturers and Distributers
    • Medical and Sports Equipment
    • Vitamins, Drugs, Supplements
    • Automotive & Industrial Products
    • Health & Fitness Products
    • New Products

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