1 / 21

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

maxim
Download Presentation

Commercial Insurance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  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

More Related