A crime insurance policy that is designed to meet the needs of organizations other than financial institutions (such as banks). A commercial crime policy typically provides several different types of crime coverage, such as
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A crime insurance policy that is designed to meet the needs of organizations other than financial institutions (such as banks). A commercial crime policy typically provides several different types of crime coverage, such as employee dishonesty coverage forgery or alteration coverage computer fraud coverage funds transfer fraud coverage kidnap, ransom, or extortion coverage money and securities coverage

A broad commercial policy that covers all liability exposures of a business that are not specifically excluded. Coverage includes product liability, completed operations, premises and operations, and independent contractors. Commercial liability policy drafted by the Insurance Services Office containing two coverage forms, an occurrence form and a claims-made form.

A package insurance policy that provides both liability and property coverage for businesses and other organizations.
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Insurance coverage for a commercial organization that covers at least two of the following: Commercial Property, Business Crime, Business Automobile, Boiler and Machinery, Commercial General Liability, Inland Marine, Farmowners, and Ranchowners.

A special ownership form requiring that one half of all property earned by a husband or wife during marriage belongs to each. Community property laws do not generally apply to property acquired by gift, by will, or by descent.

A situation in which an insured requests premium quotations on its insurance program from a number of agents/brokers. In some instances, insureds provide agents/brokers with detailed specifications upon which to base their quotations. Under other circumstances, the agents/brokers present proposals for coverage reflecting their own ideas for structuring the insured’s program.
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A situation in which an insured requests premium quotations on its insurance program from a number of agents/brokers. In some instances, insureds provide agents/brokers with detailed specifications upon which to base their quotations. Under other circumstances, the agents/brokers present proposals for coverage reflecting their own ideas for structuring the insured&#8217s program.

Liability arising out of faulty work performed away from the premises after the work or operations are completed. Applicable to contractors, plumbers, electricians, repair shops, and similar firms.

Protection against loss resulting from damage to the insured auto, other than loss by collision or upset.

Boiler and machinery (BM) coverage that applies to all insurable objects. There are two types
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Boiler and machinery (BM) coverage that applies to all insurable objects. There are two types standard comprehensive coverage applies to all objects except production machinery extended comprehensive coverage applies to all objects including production machinery. Contrasts with blanket group BM coverage, which applies to all objects within specified categories of objects, and with coverage applying only to individually described objects.

Protection against loss arising out of legal liability to pay money for damage or injury to others for which the insured is responsible. It does not include automobile or business operation liabilities.
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A type of insurance that reimburses the policyholder if he becomes liable to pay money for damage or injury he has caused to others; this form does not include automobile liability but does include almost every activity of the policyholder except business operations.

Insurance laws in some states required motorists to carry at least certain minimum auto coverage’s. This is called “compulsory” insurance.