Commercial Insurance

Farm insurance is designed to protect farms and agricultural operations from a variety of risks that can affect property, equipment, livestock, crops, employees, and income.

Coverage may include

• Farm buildings, equipment, and machinery
• Farm liability
• Crop and livestock coverage
• Farm vehicles
• Workers’ compensation
• Business interruption coverage

Coverage can be tailored to the size and type of farm, location, property values, crops or livestock, and other operational risks.

Commercial property insurance helps protect a business’s physical assets from covered losses and can help the business recover after an unexpected event.

Coverage may include

• Buildings and permanently installed fixtures
• Business personal property, equipment, inventory, and supplies
• Business interruption coverage
• Other structures on the property

Floods, earthquakes, wear and tear, and cyber-related losses may require separate or specialized coverage.

A Business Owner’s Policy (BOP) combines several essential coverages into one package and is commonly designed for eligible small to medium-sized businesses.

A BOP typically includes

• Commercial property insurance
• General liability insurance
• Business interruption insurance

Workers’ compensation, commercial auto, professional liability, cyber liability, flood, and other specialized coverages generally need to be purchased separately when applicable.

Commercial General Liability (CGL) insurance is a core business coverage that helps protect against common claims alleging that your business caused injury or property damage.

Coverage commonly includes

• Bodily injury and property damage liability
• Personal and advertising injury
• Medical payments for certain incidents
• Covered legal defense costs

Professional liability, workers’ compensation, cyber liability, product recall, and vehicle-related risks typically require separate coverage.

Commercial auto insurance is designed for vehicles used in business operations and can provide protection that personal auto policies may exclude.

Common coverage options

• Liability coverage
• Collision coverage
• Comprehensive coverage
• Medical payments or PIP where applicable
• Uninsured and underinsured motorist coverage

Businesses that transport goods, equipment, people, or regularly use vehicles for business errands may need commercial auto coverage.

Commercial inland marine insurance protects business property that moves, is transported over land, or is temporarily away from the primary business location.

Businesses may use it for

• Construction tools and equipment in transit or at job sites
• Goods being delivered or shipped
• Customers’ property temporarily in the business’s care
• High-value movable equipment, artwork, or specialized tools

Coverage, limits, deductibles, and exclusions should be reviewed based on the type and value of the property and how frequently it moves.

Surety and fidelity bonds help businesses manage different types of risk.

Surety bonds

A three-party agreement that helps guarantee a principal will perform an obligation. Common uses include construction projects, license and permit requirements, and court obligations.

Fidelity bonds

Help protect a business against certain dishonest acts by employees, such as theft or fraud. Surety bonds focus on performance; fidelity bonds focus on employee honesty.

Standard commercial property policies generally exclude flood damage. Commercial flood insurance can protect a business’s building and contents from covered flooding.

Coverage may include

• Building coverage for the business premises
• Contents coverage for equipment, furniture, inventory, and supplies

Cost can vary by location, building characteristics, coverage amount, and deductible. Flood coverage may be available through the National Flood Insurance Program or private insurers.

Special events insurance can help protect the financial investment in an event such as a wedding, party, concert, conference, fundraiser, or corporate gathering.

Coverage may include

• Event cancellation or postponement
• Event liability for covered property damage or bodily injury
• Damage to rented property
• Optional protection for certain vendor issues, gifts, or special attire

Coverage can be useful for individuals, businesses, nonprofit organizations, and event planners. Pricing depends on the type of event, location, attendance, and selected coverage.