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

  • Feds Fine North Carolina Restaurant Over Wage, Child Labor Law Violations January 16, 2019
    A North Carolina restaurant has been fined by federal officials who say it violated minimum wage and child labor laws. The U.S. Department of Labor announced in a news release that Max’s Pizza in Surf City was fined $14,287 for …
  • Bhatia Joins California’s Preferred Employers Insurance as Sr. Underwriter January 16, 2019
    San Diego, California-based Preferred Employers Insurance, a Berkley Company, has added workers’ compensation underwriting expert, Minoo Bhatia, as a senior business development underwriter. Bhatia comes to Preferred with over 25 years of workers’ compensation experience having worked in claims, audit, …
  • 4.2 Magnitude Earthquake Hits Oklahoma January 16, 2019
    Officials say there are no reports of damage after a 4.2 magnitude earthquake struck northern Oklahoma on Tuesday morning. The U.S. Geological Survey says the quake was centered near Hayward, or about 50 miles north of Oklahoma City. It had …
  • NetVU’s Ambers Named Chief Growth Officer at AVYST in Dallas January 16, 2019
    AVYST, a provider of sales and risk management produces and services for independent insurance agents and brokers and their carrier partners, announced that Kitty Ambers has joined the insuretech firm in Dallas as chief growth officer. Ambers will be responsible …