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

  • $8.6B Worth of Homes at High or Extreme Risk from California Fires November 16, 2018
    A report out on Friday shows 23,044 homes with a total reconstruction cost value of $8.6 billion are at high or extreme risk of wildfire damage within the perimeters of the Camp Fire in Northern California and the Woolsey Fire …
  • Delle Joins Missouri’s Town and Country Insurance Agency November 16, 2018
    Troy, Missouri-based Town and Country Insurance Agency has hired Angie Delle as a Medicare specialist and producer. Delle will handle everything from Centers for Medicare & Medicaid Services (CMS) compliance and field underwriting to customer service and personal insurance reviews. …
  • Early Snowstorm Shuts Down Schools, Businesses in Eastern Missouri November 16, 2018
    Snow arrived early in eastern Missouri this year, forcing hundreds of schools and many businesses to close on Nov. 15 and causing numerous traffic accidents. The snowstorm moved into the region Wednesday night and had dumped 4-6 inches (10-15 centimeters) …
  • Leicht Elected President of Texas Surplus Lines Association November 16, 2018
    At its recent annual meeting, the Texas Surplus Lines Association Inc. elected Matt Leicht, owner/underwriter at the Houston-based wholesale insurance firm, Craig & Leicht, as the group’s president. Jennifer Mier, executive vice president with AmWINS Group in Dallas, was named …