SBDC CEO Accelerator

Commercial Insurance Protects Your property (building and contents) Your employees Your customers Product Liability Goods of others under your control

Insurance Contracts Declarations Page Insuring Agreement Conditions Exclusions Endorsements

Workers Compensation Accidental Injuries and Occupational Disease No Fault Coverage Needed even if there is only one employee Exclusive Remedy

Business Owners Policy (BOP) Vs. Commercial Package Policy (Package)

Business Owners Policy (BOP) Designed for small business, main street Usually less expensive than Package Policies More restrictive in the classes of business Coverage's Include General Liability Property

BOP Coverage Exclusion's Contractual Liability Liquor Liability Workers Comp Pollution Aircraft Mobile Equipment Inland Marine Electronic Data Criminal Acts Outdoor Signs Automobile Advertising Liability Contents Off Premises

Commercial Package Policy (Package/CPP) Coverage's Property General Liability Business Income Contingent Business Income Builders Risk Garage Keepers Commercial Auto Crime Professional Liability Inland Marine Boiler & Machinery Advertising Liability

Commercial Auto Coverage 10 Different types of Autos to be covered 1) Any Auto 2) Owned Autos Only 3) Owned Passenger Autos 4) Owned other then Autos 5) Owned Auto PIP/No Fault 6) Owned Auto Un/Under Insured 7) Specifically Listed 8) Hired Autos 9) Non owned Autos 19) Mobile Equipment

General Aggregate Limits/Combined Single Limits Policy Limits General Aggregate Limits/Combined Single Limits Vs. Per Occurrence Limits

Workers Compensation Needed even if you have only one employee Premium based of type of occupation and payroll Protects employer from law suit in conventional courts Benefits regulated by State Commission State specific coverage, need each state listed

Going and Coming Rule Overnight Trips Special Errands If you compensate for daily commute If you provide company car/truck

Uninsured Subcontractors If no WC policy in force, General is held in Always ask for a Certificate of Insurance

Out of State Exposures Need to have specific state listed in 3A of policy Not needed if it is a temporary situation

Type of Benefits for Injured Workers Lost time (TTD) Permanent Partial Disability (PPD) Medical care and Vocational services

George Johnson 410-494-2274 Gjohnson@ceiwc.com