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Property and Liability Insurance

Robertson Hall Insurance provides the following type of commercial property and liability insurance:

Commercial Property – This coverage form is widely used to provide coverage for direct physical damage to commercial buildings and business equipment and contents. Additional extensions can be added such as accounts receivable, valuable papers, by-laws, sewer back-up, earthquake and flood coverage.

Commercial General Liability – All business firms operate in a competitive environment where liability lawsuits are quite common. For example organizations can be sued because of property damage, breach of contract, defective products or bodily injury to customers or employees. The commercial general liability policy is used to protect business organizations against liability claims for bodily injury and property damage arising out of premises, operations, products, completed operations, advertising injury and personal injury.

Business Interruption Insurance – Many companies occasionally experience an indirect loss such as loss of profits, rents or extra expenses because of a direct physical damage loss to their covered property. Business interruption insurance is intended to insure lost income in an amount sufficient to cover continuing expenses and lost profits. Most forms of business interruption also cover the additional expenses to the extent that they reduce the loss.

Builders Risk Insurance – A new building under construction can be exposed to a variety of different causes of loss. Builders Risk insurance is used to cover buildings under construction. This type of coverage can be used to cover the insurable interest of a general contractor, subcontractor and building owners.

Equipment Breakdown – Coverage for loss due to mechanical or electrical breakdown of covered equipment such as boilers, pressure vessels, refrigeration equipment and electronic equipment. Coverage applies to the cost to repair or replace the equipment and any other property damaged by the equipment breakdown. Resulting business interruption and extra expense losses are usually covered as well.

Crime Insurance – Even the most sophisticated loss prevention techniques cannot completely eliminate the potential for crime losses. The most common forms of crime coverage for organizations are employee dishonesty, forgery or alteration, disappearance and destruction.

Commercial Umbrella – The commercial umbrella policy is designed to protect firms against catastrophic losses. The umbrella policy serves the following purposes; it provides excess liability limits when the underlying liability policies have been exhausted by the payment of claims; and it can provide protection against some claims not covered by the underlying policies subject to a deductible or retention.

Transit Insurance – This is a type of coverage on the insured’s property while it is in transit over land from one location to another.