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.

RSS Insurance Journal

  • North Carolina Attorney General Plans to Sue Purdue Pharma Family September 18, 2019
    North Carolina’s attorney general says he’s pursuing accountability from the family that owns OxyContin maker Purdue Pharma with a pending lawsuit over their role in the country’s opioid epidemic. Attorney General Josh Stein said Friday a lawsuit targeting the Sackler …
  • Report: More Than 70 Kids in North Carolina Poisoned by E-Cigarettes September 18, 2019
    North Carolina Poison Control says nearly 75 children under age 5 have been poisoned by e-cigarettes and vaping products in 2019. The News & Observer of Raleigh reports the group said in a news release that nearly 150 people have …
  • Arkansas Senate Leader Proposes New Regulations, Tax on Vaping September 18, 2019
    Arkansas’ Senate president has proposed a new tax and regulations on vaping products, and said he hopes the governor will call lawmakers back to the Capitol to take up the issue. Republican Sen. Jim Hendren proposed the legislation in response …
  • Arnold, Palsgraaf Appointed to New Positions at North Dakota Insurance Department September 18, 2019
    North Dakota Insurance Commissioner Jon Godfread has appointed John Arnold as deputy insurance commissioner and Johnny Palsgraaf as general counsel. Prior to his appointment with the North Dakota Insurance Department, Arnold served as the State Elections director for the Secretary …