Commercial Policy

Types of Policies

All businesses need property/casualty insurance coverage. The “property” component protects against damage to or loss of the business’s property. The “casualty” or liability component provides protection against legal liability for damages caused to other people or their property. A wide variety of lines of business fall into these broad catagories.

Package Policies

Commercial insurers sell coverages separately and/or offer policies that combine protection from most major property and liability risks in one package. Package policies are created for businesses that generally face the same kind and degree of risk.

Commercial Multiple Peril Policies

Larger companies might purchase a commercial package policy or customize their policies to meet the special risks they face. Commercial multiple peril policies , ofter purchased by corporations, bundle property, boiler and machinery, crime, and general liability coverage together.

two commercial workers fixing an air conditioner

RSS Insurance Journal

  • TWIA Policies Expected to Grow by 5.2% in 2022 October 26, 2021
    The Texas Windstorm Insurance Association expects policies in-force to increase by 5.2% in 2022, according to preliminary budget information shared at a Board of Directors meeting Oct. 25. Policies will increase from a projected 194,054 at December 31, 2021 to …
  • OSHA Launches Program To Protect Midwest Workers From Exposure to Hazardous Materials October 26, 2021
    To reduce employee exposure to health hazards and encourage companies to make workplace safety and health a priority, the U.S. Department of Labor Occupational Safety and Health Administration’s regional office in Kansas City has established a Regional Emphasis Program targeting …
  • Insurance Industry Can Expect Global Average Annual Disaster Claims of $106B: AIR October 26, 2021
    The global insurance industry can currently expect a long-run annual average loss of $106 billion and a greater than a 40% chance of experiencing an annual loss of more than $200 billion in the next decade, according to Boston-based modeling …
  • Aromatherapy Spray From India Linked to U.S. Deaths Being Recalled October 26, 2021
    U.S. health officials may have solved the mystery of how four people in different states came down with a serious tropical disease even though none had traveled internationally: an aromatherapy spray imported from India. The Centers for Disease Control and …