Professional Liability insurance protects providers of professional services (i.e. tanning bed operators, cosmetologists, beauticians) in the event of claims or lawsuits alleging damages as a result of their services.
General Liability insurance protects business owners in the event of claims alleging damages as a result of their operations or premises.
Business Personal Property Coverage
This insurance provides protection to the owner of the furniture, fixtures, machinery, equipment, stock, tenant improvements and betterments and other personal property used in the business in the event of damage by a covered cause of loss.
Also known as Business Interruption, this insurance protects the owner of a business from loss of income as a result of damage to property by a covered cause of loss.
Equipment Breakdown insurance covers loss due to mechanical or electrical breakdown (not maintenance) of any type of equipment.
This insurance provides protection to the owner of signs (attached to the building, freestanding or on awnings) in the event of damage by a covered cause of loss.
Part of Crime Coverage, Employee Dishonesty protects a business owner from loss of money or property as a result of employee theft.
This insurance provides protection to the owner of the building structure in the event of damage by a covered cause of loss.
This insurance, which is mandatory in most jurisdictions, covers employees for medical expenses and loss of wages as a result of an injury while on the job.
Employment Practices Liability
Protects employers from claims alleged as a result of violation of employment laws. Most common claims are sexual harassment, wrongful termination, discrimination, and wage and hour violations. Employment Practices are excluded from standard General Liability forms.
Usually a separate policy written through the US Government’s Flood Plan, this coverage is for any type of rising water claim that is not a result of damage first caused to allow the water in (ie roof damage). The peril of flood is normally excluded from standard Property Insurance.
Umbrella policies provide limits over underlying policies in order to increase the amount of coverage available. Umbrella policies usually can “go over” General Liability, Professional Liability, Employers’ Liability and Auto Liability. They usually follow the coverages and forms of the underlying policies and do not kick in until the underlying limits have been exhausted.