Consumer Advice and Education

This presentation is designed to give you an overview of commercial insurance coverages.  It is meant only as a general understanding of your insurance needs and should not be construed as a legal interpretation of the insurance policies.  Please refer to your specific insurance contracts for details on coverage’s, conditions and exclusions.

Accounts Receivable:   Protects you from financial loss, that you sustain when records of Accounts Receivable are destroyed by an insured cause of loss and cannot be reestablished, and accounts due cannot be collected.  This coverage also covers the cost of re-establishing records.

Actual Cash Value:   The settlement of a property loss based upon the original cost of new property minus its depreciation at the time of loss due to age, condition, or similar causes.

Additional Insured-Owners, Lessees, or Contractors:   Endorsement used to extend General Liability coverage to those entities scheduled on this endorsement, but only for your liability from ongoing operations for these additional insured’s.

Agreed Amount Value:   Property endorsement that allows you to settle a property loss, without being a co-insurer of the property, if you meet the underwriters requirements prior to the policy or coverage being issued.

Automobile Liability:   Provides payment of financial losses that you are legally liability to pay as a result of a Bodily Injury or Property Damage arising from the ownership, maintenance, or use of a covered used by you, or your employees while in the course of your business.