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Commercial Insurance

Commercial Insurance. Herberta Jones Agency. Topics. What is commercial insurance?. Commercial Insurance. Commercial Property. Covers building and business personal property Building – includes permanently attached structures and fixtures

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Commercial Insurance

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  1. Commercial Insurance Herberta Jones Agency

  2. Topics

  3. What is commercial insurance? Commercial Insurance

  4. Commercial Property

  5. Covers building and business personal property • Building – includes permanently attached structures and fixtures • Business Personal Property (BPP) – includes contents within the building and outside the premises up to 1,000 feet (BOP) Property

  6. Property – Business Income

  7. Property – Optional Coverages

  8. Property – Valuation

  9. Commercial Liability

  10. General Liability

  11. General Liability

  12. Liquor Liability • Employment Practices Liability (EPLI) • Employee Benefits • Directors & Officers (D&O) • Cyber Liability General Liability – Optional Coverages

  13. Excess Liability Coverage • Two parts: • Coverage A – Excess Follow Form Liability • Protection from catastrophic loss potential after primary limits of liability have been exhausted • Coverage B – Umbrella Liability • Protection for unforeseen, uninsured loss exposures Commercial Umbrella

  14. Other Line of Business

  15. Businessowners BOP

  16. Coverage for vehicles that are used in the course of business operations • Can include coverage for Hired Autos and Non-Owned autos Commercial Auto

  17. Three Parts • Workers Compensation (Part I) • Compensates employees injured on the job • Employers Liability (Part II) • Protects employers for liability due to injury to their employees • Other States Coverage (Part III) • Protects employees working in other states listed on the Dec page • No dollar limit (Part I) • Policy premium is based on: • Classification based on specific job duties • Experience Modification Factor Workers Compensation

  18. Coverage for off premises exposures • Contractors Equipment • Transportation • Electronic Data Equipment (EDP) • Builders Risk • Valuable Papers and Records Commercial Inland Marine

  19. Coverage for property due to criminal acts • Employee Dishonesty • Computer Fraud • Money & Securities Crime

  20. Questions?

  21. Herberta Jones

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