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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 Herberta Jones Agency
What is commercial insurance? Commercial Insurance
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
Liquor Liability • Employment Practices Liability (EPLI) • Employee Benefits • Directors & Officers (D&O) • Cyber Liability General Liability – Optional Coverages
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
Coverage for vehicles that are used in the course of business operations • Can include coverage for Hired Autos and Non-Owned autos Commercial Auto
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
Coverage for off premises exposures • Contractors Equipment • Transportation • Electronic Data Equipment (EDP) • Builders Risk • Valuable Papers and Records Commercial Inland Marine
Coverage for property due to criminal acts • Employee Dishonesty • Computer Fraud • Money & Securities Crime