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

  • Washington State Issues Workplace Mask Guidance June 5, 2020
    Most workers in Washington will be required to wear a mask or face covering at work under new coronavirus workplace safety and health requirements that take effect June 8. With few exceptions, workers must wear some type of face covering …
  • Colorado Resort Files Suit Against Railroad for 2018 Fire June 5, 2020
    An insurance company representing a Colorado resort filed a lawsuit against the Durango & Silverton Narrow Gauge Railroad for damage costs associated with an extended wildfire. Purgatory Resort’s insurance provider submitted the claim shortly before the end of a two-year …
  • Phase 2 of Reopening Begins for Florida with Theme Parks, Bars June 5, 2020
    Florida bars, bowling alleys and theme parks will be part of the next phase of reopening the state in the midst of the coronavirus pandemic, Republican Gov. Ron DeSantis announced Wednesday. DeSantis made his announcement at Universal Orlando Resort, which …
  • South Carolina to Remain Open Despite Spike in Virus Cases June 5, 2020
    South Carolina health officials issued a warning Wednesday that people who go to graduations, businesses or other recently opened places and aren’t careful about wearing masks or social distancing may be contributing to an increase in COVID-19 cases in the …