Commercia Iinsurance Types 38 - 0 views

commercial insurance types policies quotes

started by Domingo Emerson on 06 May 12

#1 Domingo Emerson on 06 May 12

commercial insurance types - Just what Kind of Business Insurance Do I Need to Obtain for My Business?

Depending on the individual risk characteristics of your business, the broker-agent will show you with different insurance coverage options for purchasing business insurance. A broker-agent's proposal is just that, a proposal. When all is said and done it is your responsibility to make an informed decision and select the insurance coverage that best fits your business plan. The partnership that you build with a broker-agent is incredibly important in this critical decision making process. An experienced broker-agent has dealt with hundreds of businesses much like yours. Given that commercial insurance can be complex, you should feel free to go over any terms, conditions, or concepts that happen to be unclear to you with your broker-agent. It is a broker-agent's obligation to answer your questions and to help you understand the insurance you are acquiring. While your business may not require all commercial coverage lines, it's a good idea to have a simple knowledge of the types of insurance coverage available. While your business changes and grows you
will have the essential knowledge to purchase insurance coverage as new exposures arise. The following commercial lines of insurance
protect broad areas of exposure common to most business operations:

- Inland Marine
- Boiler and Machinery
- Crime
- Casualty Insurance

Inland Marine Business Insurance

Without prior knowledge of inland marine insurance, you can easily assume that this insurance line has something connected with boating transportation. In reality, inland marine insurance can cover a variety
of transportation exposures; however, it doesn't cover boating transportation, that is protected under ocean marine insurance. Inland marine is really a specialized type of property insurance which mainly protects damage to or destruction of your business property while in transport. Inland marine also covers the liability exposure for the damage or destruction that may happen to property in your care, custody, or control during transport.

Covered Reasons for Loss Standard perils in Inland Marine may include fire, lightning, windstorm, flood, earthquake, landslide, theft, collision, derailment, and the overturn of the transporting vehicle, and bridge collapse.

Coverage Forms and/or Specialty Coverages Inland marine has great flexibility in covering many potential transportation risks. Many of the most typical types of coverage offered are accounts receivable insurance, consignment insurance,
equipment floaters (i.e., contractors equipment), installation floaters, motor truck cargo insurance, trip transit insurance, and valuable papers (records) insurance.

Boiler and Machinery Business Insurance

Boiler and machinery insurance can add an important layer to potential business insurance coverage. Boiler and machinery insurance policies are currently marketed under such names as "systems protector," "systems breakdown," and "machinery breakdown" insurance. Boiler and machinery business insurance protects business property, other property losses, and legal fees (if any) that could result from the malfunction of boilers and machinery. Boiler coverage consists of covering the expenses of inspection and often upkeep of boilers. Machinery coverage can include various sorts of machines used in retail, office and manufacturing settings. Machinery coverage also includes major machinery systems common to most commercial buildings, such as heating, ventilating and air conditioning systems. Since most commercial property policies exclude losses from boilers and machinery, it is very important be aware of any exposure your company could have and talk to your broker-agent.

Crime Business Insurance

Crime insurance offers protection for the assets of your business including merchandise for sale, real property, money and securities. It is deemed a property business insurance line. Depending on the crime coverage that you obtain, it is possible to be protected for the
following reasons for loss: robbery, burglary, larceny, forgery, and embezzlement. Specialty coverage parts may be added based upon need andxposure to loss such as mercantile open-stock, burglary insurance, mercantile robbery insurance, mercantile safe burglary insurance, money and securities broad form policy, office burglary and robbery insurance, and storekeepers burglary and robbery insurance.

Casualty Insurance Business Insurance

Casualty business insurance offers coverage primarily for the liability exposure associated with an individual, business or organization. Liability out of your negligent acts and omissions of an individual, business or organization that causes bodily injury and/or property damage to a third party is the subject of casualty business insurance coverage. Commercial Automobile, Commercial General Liability, Commercial Umbrella, and Workers Compensation are the most familiar business casualty insurance lines.

This concludes Part Two, Part three will be published in the next few days. In the mean time, you can learn more about different commercial insurance quotes and policy options @
Monument Commercial Insurance Agency.

<div class="cArrow"> </div><div class="cContentInner"><a href="http://http://www.mcisinc.us/business_insurance/commercial_insurance.html" rel="nofollow">commercial insurance types</a> - Just what Kind of Business Insurance Do I Need to Obtain for My Business? Depending on the individual risk characteristics of your business, the broker-agent will show you with different insurance coverage options for purchasing business insurance. A broker-agent's proposal is just that, a proposal. When all is said and done it is your responsibility to make an informed decision and select the insurance coverage that best fits your business plan. The partnership that you build with a broker-agent is incredibly important in this critical decision making process. An experienced broker-agent has dealt with hundreds of businesses much like yours. Given that commercial insurance can be complex, you should feel free to go over any terms, conditions, or concepts that happen to be unclear to you with your broker-agent. It is a broker-agent's obligation to answer your questions and to help you understand the insurance you are acquiring. While your business may not require all commercial coverage lines, it's a good idea to have a simple knowledge of the types of insurance coverage available. While your business changes and grows you will have the essential knowledge to purchase insurance coverage as new exposures arise. The following commercial lines of insurance protect broad areas of exposure common to most business operations: - Inland Marine - Boiler and Machinery - Crime - Casualty Insurance Inland Marine Business Insurance Without prior knowledge of inland marine insurance, you can easily assume that this insurance line has something connected with boating transportation. In reality, inland marine insurance can cover a variety of transportation exposures; however, it doesn't cover boating transportation, that is protected under ocean marine insurance. Inland marine is really a specialized type of property insurance which mainly protects damage to or destruction of your business property while in transport. Inland marine also covers the liability exposure for the damage or destruction that may happen to property in your care, custody, or control during transport. Covered Reasons for Loss Standard perils in Inland Marine may include fire, lightning, windstorm, flood, earthquake, landslide, theft, collision, derailment, and the overturn of the transporting vehicle, and bridge collapse. Coverage Forms and/or Specialty Coverages Inland marine has great flexibility in covering many potential transportation risks. Many of the most typical types of coverage offered are accounts receivable insurance, consignment insurance, equipment floaters (i.e., contractors equipment), installation floaters, motor truck cargo insurance, trip transit insurance, and valuable papers (records) insurance. Boiler and Machinery Business Insurance Boiler and machinery insurance can add an important layer to potential business insurance coverage. Boiler and machinery insurance policies are currently marketed under such names as "systems protector," "systems breakdown," and "machinery breakdown" insurance. Boiler and machinery business insurance protects business property, other property losses, and legal fees (if any) that could result from the malfunction of boilers and machinery. Boiler coverage consists of covering the expenses of inspection and often upkeep of boilers. Machinery coverage can include various sorts of machines used in retail, office and manufacturing settings. Machinery coverage also includes major machinery systems common to most commercial buildings, such as heating, ventilating and air conditioning systems. Since most commercial property policies exclude losses from boilers and machinery, it is very important be aware of any exposure your company could have and talk to your broker-agent. Crime Business Insurance Crime insurance offers protection for the assets of your business including merchandise for sale, real property, money and securities. It is deemed a property business insurance line. Depending on the crime coverage that you obtain, it is possible to be protected for the following reasons for loss: robbery, burglary, larceny, forgery, and embezzlement. Specialty coverage parts may be added based upon need andxposure to loss such as mercantile open-stock, burglary insurance, mercantile robbery insurance, mercantile safe burglary insurance, money and securities broad form policy, office burglary and robbery insurance, and storekeepers burglary and robbery insurance. Casualty Insurance Business Insurance Casualty business insurance offers coverage primarily for the liability exposure associated with an individual, business or organization. Liability out of your negligent acts and omissions of an individual, business or organization that causes bodily injury and/or property damage to a third party is the subject of casualty business insurance coverage. Commercial Automobile, Commercial General Liability, Commercial Umbrella, and Workers Compensation are the most familiar business casualty insurance lines. This concludes Part Two, Part three will be published in the next few days. In the mean time, you can <a href="http://www.mcisinc.com/commercial_insurance/commercial_insurance.html" rel="nofollow">learn more about different commercial insurance quotes</a> and policy options @ <a href="http://www.mcisinc.com" rel="nofollow">Monument Commercial Insurance Agency.</a></div>

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