Contractor Umbrella Shopping Center

COMMERCIAL INSURANCE POLICIES

PACKAGE - BUSINESS OWNERS - MONOLINE - UMBRELLA

Commercial insurance can be a either a single policy or a package policy—also can be called a Business Owners Policy. Every package policy must contain two parts: property and liability. This standard insurance format offers the broadest availability of coverage options. Business clients may purchase any of the following commercial coverage’s as a mono-line (stand alone) policy or as part of a commercial package policy:

The “BOP” format (Business Owners Policy). is used for smaller commercial businesses whose operations are fairly standard in nature. This package policy is also generally used for those risk that have exhibited an above average control over exposures to claims which is reflected in lower pricing compared to a standard package policy.

COMMERCIAL UMBRELLA POLICY
COMMERCIAL EXCESS POLICY

Umbrella insurance refers to a liability insurance policy that protects the assets and future income of the named insured in addition to his or her primary polices. It is distinguished from excess insurance in that excess insurance goes into effect only when all underlying policies are totally exhausted. The umbrella policy may also “drop down” to fill coverage gaps in some underlying policies. A commercial umbrella policy may provide such features as: • blanket contractual liability protection (on both oral and written agreements) • extension of protection for additional insured persons • worldwide (or global) coverage • personal injury coverage • care, custody, and control coverage • watercraft liability • non-owned aircraft liability • liquor law liability • advertiser’s liability • XCU liability

Please give us a call should you have any questions regarding your current policies or would like us to review your current policies to provide a quote.