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

  • Kentucky Drug Overdose Deaths Decrease for First Time in 5 Years July 23, 2019
    After years of rising death tolls from a surge in drug addiction, Kentucky officials on Thursday reported the first statewide drop in drug overdose deaths since 2013. A new report indicated that 1,333 people died from drug overdoses in 2018, …
  • Worley, Brown Launch Legion Claims Solutions in Louisiana July 23, 2019
    Legion Claims Solutions LLC (Legion), a firm specializing in the management of catastrophe insurance claims, environmental/industrial claims, and governmental disaster recovery programs, has opened in Baton Rouge, Louisiana. Seasoned industry professionals Steve Brown and Mike Worley have joined forces at …
  • With Commissioner’s OK, Wisconsin Workers’ Comp Rates to Fall by 8.8% July 23, 2019
    Wisconsin’s chief insurance regulator has approved an overall 8.84% decrease in workers’ compensation premium rates. The new rates approved by Commissioner of Insurance Mark Afable are effective Oct. 1, 2019, and are expected to save Wisconsin businesses more than $170 …
  • Washington Woman Charged with Running Construction Business While on Disability July 23, 2019
    A Spokane, Wash.-area woman faces a felony theft charge for allegedly running a construction business while claiming she was too disabled to work. Deborah J. Steeneck, 59, is accused of stealing more than $11,000 in workers’ compensation cash benefits from …