The risk of loss from a liability stems from another party including the loss from the actual claim as well as defense costs.  These four primary areas of liability are applicable for most companies:.

General Liability

General Liability is liability for bodily injury and property damage arising out of your:

• Premises and Operations (including no fault medical payments)
• Products and Completed Operations
• Contracts
• Compliance

General Liability is also liability from third parties arising from:

• Fire Damage Liability (damage by fire to premises rented to insured)
• Personal and Advertising Injury

Auto Liability 

Auto Liability is liability associated with the operation of vehicles that are owned, leased, hired or borrowed by organizations, whether they are associations, corporations, partnerships or sole proprietorships.  Auto liability typically includes that liability that comes from underinsured or uninsured drivers.

Executive Liability 

Executive Liability is liability from the management of your company in the following areas: as an employer, as a director or officer, & as a fiscal agent.  Common losses from this liability include discrimination, sexual harassment, wrongful termination, wrongful discipline, breach of duty, security law violations, unfair competition, ERISA violations, negligent advice, careless plan management, and errors & omissions.

Professional Liability

Professional Liability is liability resulting from acts, errors or omissions in your performance of professional duties. Common losses from these liabilities include: negligence, misrepresentation, design errors, violation of good faith, and fair dealing & inaccurate advice.

Cyber Liability

Cyber Liability is liability resulting from the loss of customer information that was stored or communicated electronically.

The Human Capital exposure for organizations primarily revolves around these key areas: employee acts, employee health, & employee morale/retention.  Employee acts are addressed in the liability section related to work product.  Employee health is an employment exposure that is addressed with both workers compensation coverage and health insurance.  Employee morale/retention is not necessarily an insurable item; however not properly insuring your organization, particularly in this area, in some instances does lead to lower morale/retention.

Whether you are a non-profit or a for-profit organization income is critical to the survival of any organization.  Each area mentioned above has a direct correlation to the loss of income if not properly addressed.  It is critical for organizations to make sure that loss of income and profit where applicable is properly protected.

A Commercial Package policy provides one policy number for liability coverage and property coverage bundled together.  Commercial Packages may also include an auto policy and umbrella policy.

General Liability coverage is designed to provide claims cost and defense cost for bodily injury and property damage arising out of your:

• Premises and Operations (including no fault medical payments)
• Products and Completed Operations
• Contracts
• Compliance

General Liability coverage is also designed to provide protection from liability from third parties arising from:

• Fire Damage Liability (damage by fire to premises rented to insured)
• Personal and Advertising Injury

Cyber Liability coverage is designed to protect organizations from suit resulting from the loss customer information that was communicated or stored electronically.  If you rely on electronic data, computers and networks to support critical operations and better serve customers, use e-mail store data (including private information on computers), generate revenue online, or use your network to control production, manufacturing, inventory or a supply chain then you are at risk if you don’t have this risk covered.

Property coverage protects a first-party owner or user of property for its loss or its loss of income producing ability, when the loss or damage is caused by a covered peril.  Property coverage is necessary for a number of items included but not limited to commercial buildings, equipment, furniture, fixtures, inventories, organization records, supplies, automobiles and other physical items.  There are two primary types of property losses:

• Direct losses when property is lost, stolen, damaged or destroyed Indirect or consequential losses related to direct losses.
• Indirect or consequential losses related to direct losses.

Inland Marine coverage is a group of property insurance coverages designed to insure exposures that cannot be conveniently or reasonably confined to a fixed location or insured at a standard rate under a standard form; it includes coverage for property in transit over land, certain moveable property, property under construction, instrumentalities of transportation and communication (such as bridges, roads, piers, and television and radio towers), legal liability coverage for bailees, and computerized equipment. Many inland marine coverage forms provide coverage without regard to the location of the covered property; these are sometimes called “floater” policies. Inland marine coverage forms are generally broader than property coverage forms due to the relative freedom from rate and form regulation of inland marine insurance as compared with property insurance.

Ocean Marine coverage is designed to cover the transportation of goods and/or merchandise by vessels crossing both foreign and domestic waters including any inland or aviation transit associated with the shipment. This type of marine coverage also encompasses coverage for damage to the vessels involved in shipments and any legal liability arising in the course of shipment.

Business Auto coverage insures vehicles that are owned, leased, hired or borrowed by organizations, whether they are associations, corporations, partnerships or sole proprietorships. Business Auto coverage may be used to insure private passenger autos and all types of trucks, trailers, semitrailers and commercial vehicles designed for use on public roads. We can give you more details about specific coverages and deductibles and about tailoring a Business Auto plan that’s right for you and your organization.

Workers’ Compensation coverage applies to bodily injury and diseases arising out of and in the course of employment. Any bodily injury must be accidental, and the term includes death resulting from the accident. Only occupational diseases, which are unique to the occupation, are covered.  Workers’ Compensation provides for the payment of four types of benefits: Medical benefits, Income benefits, Death benefits, & Rehabilitation benefits.

Umbrella or excess liability coverage is designed to provide limits in excess of underlying limits of liability coverage. The underlying liability coverage can be, and often is, an umbrella liability policy.  Excess liability coverage is no broader than the underlying liability coverage; its sole purpose is to provide additional limits.

Professional Liability coverage protects companies and individuals against loss (damages and defense costs) resulting from acts in their performance of professional duties. Common claims allege negligence, misrepresentation, design errors, violation of good faith and fair dealing and inaccurate advice.

Executive Liability is liability coverage is a combination of coverages for the management of your company which typically include coverage to protect you in the following areas: as an employer, as a director or officer, & as a fiscal agent.  Common losses from this liability include discrimination, sexual harassment, wrongful termination, wrongful discipline, breach of duty, security law violations, unfair competition, ERISA violations, negligent advice, careless plan management, and errors & omissions.

Employment Practices Liability coverage protects companies and individuals against loss (damages and defense costs) arising out of employment practice disputes. Common claims allege discrimination, sexual harassment, wrongful termination, and wrongful discipline.

Directors & Officers Liability coverage protects directors and officers of public, private, and not-for-profit corporations against loss (damages and defense costs) arising out of their status or conduct as directors or officers. Common claims allege breach of duty, security law violations, and unfair competition.

Errors & Omissions liability coverage protects organizations and individuals against loss (damages and defense costs) resulting from errors or omissions in their performance of professional duties.

Fiduciary Liability coverage protects fiduciaries (as defined by ERISA) against loss (damages and defense costs) arising from the administration and management of employee benefit and pension plans. Common claims allege ERISA violations, negligent advice, careless plan management, and errors and omissions.

Crime coverage provides coverage for employee theft of money, securities, or property.  Crime coverage is written with a per loss limit, a per employee limit, or a per position limit.

A Builder’s Risk policy is designed to cover property in the course of construction. There is no single standard builders risk form; most builders risk policies are written on inland marine (rather than commercial property) forms. Coverage is usually written on an all risk basis, and typically applies not only to property at the construction site, but also to property at off-site storage locations and in transit. Builders risk insurance can be written on either a completed value or a reporting form basis; in either case, the estimated completed value of the project is used as the limit of insurance.

Control of Well coverage is designed to provide oil or gas well operators coverage for the expense associated with cost of regaining control of a wild well. Coverage for pollution, stuck drill stem, evacuation expense, and care, custody, or control exposures can be added by endorsement.