Businessowners Policy (BOP)
Policy for small businesses used to provide property and liability coverage.
Commercial General Liability (CGL)
Provides liability coverage for businesses. Coverage can be part of a Commercial Package, or written on a mono-line basis.
Commercial Package Policy (CPP)
Policy for businesses which consists of two or more of the following coverages: Commercial General Liability, Commercial Property, Commercial Inland Marine, Commercial Crime, Boiler and Machinery, Farm, and Commercial Auto.
Directors and Officers Liability (D&O)
Policy that provides coverage for directors and officers of corporations from being sued by stockholders as individuals.
Disability Insurance
Insurance that covers the insured from loss of income as a result of sickness or injury.
Errors and Omissions Insurance (E&O)
Provides coverage for insured against liability for committing an error or omission while performing his or her professional duties. Type of Professional Liability.
Fidelity Bond
Bond written to protect an insured from dishonest acts by employees by guaranteeing the honest fulfillment of duties.
Health Insurance
Insurance that covers the insured from a financial loss due to medical bills.
Hired and Nonowned Auto Liability Endorsement
Endorsement used to cover hired and nonowned automobiles. Can be added to Commercial Package, Businessowners, and auto policies.
Homeowners Policy
Provides property and liability coverage for homeowners.
Inland Marine Insurance
Either personal or commercial coverage. Covers portable property and/or goods in transit.
Liability Insurance
Transfers burden of financial responsibility of a loss resulting from a liability claim from the insured to the insurance company.
Life Insurance
Protects insured's beneficiary from the financial responsibilities obtained from the insured's premature death.
Personal Auto Policy (Private Passenger Auto)
Provides Property and Liability coverage for autos used, operated, or maintained by both the insured and his or her family members
Professional Liability Policy
Provides liability coverage for professionals providing or trying to provide services of a professional kind.
Property Insurance
Insurance that provides coverage for a financial loss that results from property the insured owns being damaged or destroyed.
Umbrella Policy
Both personal and commercial. Extends liability coverage beyond the limits of the underlying policy(s).
Workers Compensation And Employers Liability Policy
Covers insured's liability for work-related injuries according to common law. It also covers employer's commitment according to Workers Compensation laws that make the employer accountable for damages resulting from work-related injury or illness.
