Commercial Lines - Commercial Property Insurance

Provides coverage for financial losses relating to physical loss or damage to covered property at the premises described in the policy. Coverage is provided on an all risk form, which covers all causes of loss, except those specifically excluded from coverage, on an agreed amount (removes coinsurance requirement) basis with full replacement cost (replaces property with new property of like kind and quality).

Coverage Extensions:

  • Flood Coverage
  • Building Ordinance
  • Earthquake Coverage

Commercial General Liability Coverage:

Policy provides the insurance protection needed to pay damages for bodily injury or property damages for which the insured is legally responsible for damages arising out of ownership or occupancy of the insured premises. Additional coverages include:

  • Medical payments
  • Fire damage
  • Personal Injury
  • Employee Benefits
  • Non-Owned & Hired Autos

Boiler & Machinery / Equipment Breakdown Coverage:

Boiler and machinery insurance is necessary because commercial property policies exclude explosion of steam boilers and breakdown of machinery. An additional benefit of boiler and machinery insurance is the inspection service that insurers provide to the insured.

Crime/Fidelity Coverage:

Employee Dishonesty - Coverage is provided for dishonest acts of employees of the named insured.

Forgery or Alteration - A covered item might be a check, draft, promissory note, bill of exchange or similar instrument.

Cyber Liability:

Provides first and third party coverage to help respond to the financial burden and service obligations in the event of a data breach, involving unauthorized use of sensitive, protected or confidential data. Coverage is available for difference classes of business.

Workers Compensation Coverage:

Provides workers' compensation and other benefits required of the insured by the workers compensation law or occupational disease law of any state listed in the policy.

Directors & Officers Liability for Non-Profit Entities:

Directors & Officers Liability for Non-Profit Entities: Provides coverage for losses which result from wrongful acts committed by the Insured. Coverage is available for Board of Directors of Cooperatives, Condominiums and Homeowners Associations.

Coverage includes:

  • Duty to defend
  • Coverage for Directors, Officers, Trustees, Employees, Volunteers and Committee Members
  • Employment Practices Liability
  • Spousal extension
  • Management company
  • Defense for breach of contract claims.