CGL- COMMERCIAL GENERAL LIABILITY
Covers liability exposures that are common to all businesses; Premise Liability, Personal Liability, Products Liability, Advertising Liability; Property rented to you; Medical Payments.
PACKAGE POLICY
CGL+PROPERTY COVERAGE
The Property covers risk of loss to buildings and contents of owner and others. Both should be covered under “special cause of loss”
BUSINESSOWNERS POLICY (BOP) BEST BUY!!
This package policy combines CGL, Property, and Loss of Income if your business cannot operate due to a covered loss. The BOP also comes with many needed coverages to a business such as:
BASIC FORM
Provides coverage comparable to the “Named Perils” coverage format
1. Fire
2. Lightning
3. Explosion – Sonic boom included
4. Winstorm or Hail
5. Smoke
6. Aircraft or Vehicles
7. Riot of Civil Commotion
8. Vandalism
9. Sprinkler Leakage
10. Sinkhole Collapse
11. Volcanic Action
BROAD FORM
Covers perils in Basic Form plus;
1. Breakage of Glass
2. Falling Objects
3. Weight of Ice and Snow, Ice or Sleet
4. Water Damage
(Freezing of pipes and discharge of hot water heat and air conditioning unit covered)
SPECIAL FORM
Coverage is provided against loss caused by “Risk of direct physical loss” subject to the limitations and exclusions contained in the form.
