Commercial Insurance

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CGL stands for Commercial General Liability. It protects businesses from certain claims involving bodily injury, property damage, and personal or advertising injury arising from business operations. For example, it may respond if a customer is injured at a business location or if the business accidentally damages someone else’s property.

BOP stands for Business Owners Policy. It typically combines several types of coverage, such as commercial property and general liability, into one package. BOPs are commonly designed for small and medium-sized businesses and can often be customized with additional coverages.

Commercial auto insurance covers vehicles used for business purposes. It can provide liability coverage for accidents as well as coverage for physical damage to covered business vehicles. It may apply to company-owned vehicles, depending on the policy and the types of vehicles insured.

Commercial property insurance protects business buildings, equipment, inventory, furniture, and other physical assets against covered causes of loss. It can help pay to repair or replace property damaged by events such as fire, theft, or certain storms. Coverage depends on the specific policy, limits, deductibles, and exclusions.

Business liability insurance helps protect a company when it is legally responsible for causing injury, property damage, or certain other types of harm to another party. It can help with covered legal defense costs, settlements, or judgments. The exact protection depends on the type of liability policy and its terms.

Professional liability insurance protects businesses and individuals who provide professional services or advice. It can respond to claims alleging mistakes, negligence, errors, or failure to perform professional services as promised. It is especially important for professions where clients rely on specialized knowledge or expertise.