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

  • Meatpacking Plants Linked to Up to 8% of Early U.S. COVID Cases November 27, 2020
    As many as one in 12 cases of Covid-19 in the early stage of the pandemic in the U.S. can be tied to outbreaks at meatpacking plants and subsequent spread in surrounding communities, according to a study. The findings highlight …
  • Nevada Supreme Court Rules Undocumented Injured Worker Can Get Benefits November 25, 2020
    The Nevada Supreme Court has ruled that an undocumented worker is entitled to permanent disability. The court ruled on Nov. 23 that an undocumented worker suffering trauma due to a workplace accident is entitled to permanent total disability, despite a …
  • California OKs Workers’ Comp Advisory Rates, No Virus Adjustment for Now November 25, 2020
    California Insurance Commissioner Ricardo Lara has adopted and issued a revised average advisory pure premium rate, lowering the benchmark to $1.45 per $100 of payroll for workers’ compensation insurance, effective Jan. 1, 2021. This marks the tenth consecutive reduction to …
  • Louisiana School Superintendents Seeking Looser Quarantine Rules November 25, 2020
    Leaders of several Louisiana public school systems have called on state officials to relax coronavirus quarantine rules that have sent thousands of students home from school because they have been in close proximity to someone who tested positive for COVID-19. …