Commercial property insurance protects your company’s physical assets from things like fire, explosions, storms, theft and vandalism.

What’s typically excluded?

Earthquakes and floods typically aren’t covered by commercial property insurance, unless those perils are added to the policy.

Also known as business liability insurance, this coverage protects your business from a variety of claims including bodily injury, property damage, personal injury and lawsuits that can arise from your business operations.

What’s excluded?

General Liability will not protect you from liability due to professional mistakes (aka Errors & Omissions). So if you give clients advice or provide professional services like Marine Contracting, you may want to consider also adding Professional Liability to your program.

Commercial Vehicle Insurance covers business-owned vehicles. It provides protection against auto liability, medical payments, collision coverage, comprehensive coverage, and uninsured motorist coverage.

What’s excluded?

It does not cover personal vehicles used for business purposes unless that’s their primary use. If your employees use their own vehicles for work errands, they may need hired and non-owned auto insurance.

Workers Comp insurance covers medical expenses and a portion of lost wages for employees who become injured or ill on the job. Coverage also includes employee rehabilitation and death benefits. Workers’ Comp insurance protects not only your employees but your small business too. For example, if your insurance is compliant with state law, an employee who receives benefits can’t sue you for their injuries or lost wages.

Longshoreman Insurance is a federal workers compensation law that applies to maritime employees who work on or over navigable waters in or adjacent to the United States. However, it does not apply to sailors, seamen, masters and crews of any ship, vessel or watercraft. The workers subject to this Act are usually not eligible for state workers compensation benefits because they work on or over navigable waters.

What’s excluded?

Workers Compensation does not cover suits by employees for allegations of Discrimination or Harassment in the workplace.

Cyber insurance protects your business against the unauthorized release of Personal and Confidential information belonging to customers or employees.  This can be caused by electronic intrusion to your computer systems, data base or theft of your hard files. These threats can lead to monetary damages to your customers and employees and reputational harm to your business.

What’s excluded?

Cyber coverage often excludes Fines and Penalties assessed by Governmental bodies resulting from the release of confidential information.

Small business owners often choose to bundle D&O insurance with employment practices liability insurance (EPLI), another type of management liability insurance. EPLI can cover your legal costs if an employee sues your business over unfair hiring practices, sexual harassment, or the violation of employee rights. A management liability insurance bundle usually costs less than purchasing the policies separately.

What’s excluded?

Directors and Officers coverage typically does not cover suits by partners or stockholders against each other.  Additionally, Employment Practice Liability suits often do not cover Wage and Hour disputes.

Crime-related losses are not typically covered under your Commercial Property Insurance so you may want to consider purchasing this coverage. Commercial Crime can protect against things like employee dishonesty, forgery, theft of money/securities, burglary, or computer fraud.

What’s excluded?

Employee Dishonesty and Commercial Crime coverage is an essential part of any business package.  However, attention to the coverage forms is essential to ensure proper coverage for prior acts, computer-initiated thefts and social engineering incidents.

Commercial Marine Specialty Coverages: