A comprehensive insurance package that provides protection for a business's property against damage or destruction caused by perils such as fire, smoke, and vandalism, as well as liability coverage if the actions (or non-actions) of the business's representatives result in bodily injury or property damage.
Casualty insurance provides coverage primarily for the liability of an individual or organization resulting from negligent acts and omissions, thereby causing bodily injury and/or property damage to a third party.
Comprehensive Liability Insurance provides businesses with coverage for negligence-based civil liability in various situations, including bodily injury, property damage, and medical expenses arising from the operation of premises, completed operations, and products.
Direct Liability refers to the legal obligation of an individual or business due to negligent acts or omissions that result in bodily injury or property damage to another party, without any intervening circumstances.
Flood insurance is an insurance policy that covers property damage due to natural flooding. This type of insurance is offered by private insurers but is encouraged and subsidized by the federal government. Buyers using a federally related mortgage to purchase a property in a floodplain are required to purchase flood insurance.
General Liability Insurance provides coverage for an insured when negligent acts and/or omissions result in bodily injury and/or property damage on the premises of a business, when someone is injured as the result of using the product manufactured or distributed by a business, or when someone is injured in the general operation of a business.
Hostile fire refers to fire that is not contained within its intended environment, causing unintended damage to property. Insurance policies often provide coverage for such incidents, protecting against fortuitous loss.
Malicious Mischief refers to the intentional damage or destruction of another person's or business's property, often requiring specific insurance coverage for protection against such risks.
A type of coverage in which an insured's own policy indemnifies them for bodily injury and/or property damage without regard to fault. This system is designed to simplify claims and reduce litigation in auto accidents.
An insurance endorsement that provides liability coverage for an insured who is sued due to the negligent acts or omissions of an independent contractor or subcontractor, resulting in bodily injury and/or property damage to a third party.
Coverage for bodily injury and property damage liability resulting from the ownership, use, and/or maintenance of an insured business's premises as well as operations by the business anywhere in the United States or Canada.
Perils refer to various risks that can cause damage to property, often covered under a homeowner's insurance policy.
Coverage that protects an insured party in the event that their negligent acts or omissions result in damage or destruction to another's property.
A public adjuster is a professional claims handler who legally represents an insurance claimant in the event of major property damage, working to negotiate and expedite fair settlement with the insurance company.
A provision in the Extended Coverage Endorsement of an insurance policy that ensures coverage for smoke damage resulting from sudden, unusual, and faulty operation of on-premises cooking or heating units connected to the chimney by means of a vent.
