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Below are some common examples of types of commercial insurance we provide. Contact Browne Insurance Services for a detailed consultation of your commercial insurance needs.
General Liability
Insurance designed to protect business owners and operators from a wide variety of liability exposures. Exposures could include liability arising from accidents resulting from the insured's premises or operations, products sold by the insured, operations completed by the insured, and contractual liability.
Workers Compensation
Workers' compensation insurance is a form of no-fault insurance that most states require employers to carry. The main objective of the workers' compensation program is to provide medical expense benefits, rehabilitative benefits, and cash benefits to employees who are injured or disabled as a result of a job-related illness or accident. Loss-of-income benefits are also payable to a surviving spouse in the event of an employee's death. Currently, workers' compensation laws cover approximately 90% of all employees in the United States.
Builders Risk
A variation of property coverage specifically applicable to construction projects. It is commonly written in an amount to cover the value of the structure when completed. The premium charged takes into account that values at risk increase gradually over the term of the policy.
Garage Policy
One of the early package policies, it is written for automobile dealers and may include liability for garage operations, automobile operations, physical damage coverage on garage owned autos, bailees coverage on customers cars, and auto and premises medical payments coverage.
Garage Keepers Policy
A bailee coverage applying to automobiles. Commonly included in garage policies, it may be written to provide coverage for limited perils or for comprehensive physical damage, with or without collision damage coverage. Coverage may be expressed as covering the legal liability of the garage keeper or amended to cover on a direct basis, as primary insurance or excess.
Professional Liability (Errors and Omissions)
Coverage for liability resulting from errors or omissions in the performance of professional duties. Applicable as a general rule to professional business activities such as banking, accounting, law, insurance and real estate.
Commercial Auto
A commercial auto insurance policy provides payment for bodily injury and damage to tangible property for which the insured becomes legally responsible and which involves the insured's automobile. The insured can also insure his/her own vehicle for physical damage commonly referred to as comprehensive and collision coverage.
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