Confused by insurance jargon? This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business.

Commercial Property Insurance

Commercial Property Insurance is a must for your business. It is important to protect your property, equipment, and supplies from potential hazards and loss.

Commercial General Liability

Commercial General Liability provides a business coverage against claims arising from bodily injury that results in actual physical damage or loss, property damage or loss, personal injury, and advertising injury.

Commercial Auto Insurance

Commercial Auto Insurance provides security to your company owned vehicles or for the vehicles used in business. It can provide insurance covering bodily injuries and as well as liability coverage. Vehicles which are commonly used for commercial purposes include trucks, car, buses, vans and trailers.

Crime Insurance

Crime Insurance provide a business with coverage from theft, such as burglary or robbery.

Workers Compensation Insurance

Workers Compensation Insurance is purchased by an employer to pay for medical expenses, lost wages, and/or death benefits for employees who suffer from a work-related injury or illness.

Employers Liability Insurance

Employers Liability Insurance provides an employer protection from liabilities arising from disease, fatality, or injury to employees resulting from workplace conditions or practices.

Professional Liability Insurance

Professional Liability Insurance (also know as Malpractice or Errors and Omissions Insurance) provides protection from claims arising from negligence or errors and omissions.  Is intended to cover a person or organization who provides a professional service.

Directors and Officers Liability Insurance

Directors and Officers Liability Insurance provides liability coverage for wrongful acts of a board of directors (or similar group) of a corporation.

Errors & Omissions Liability

Errors & Omissions Liability protects professionals (such as accountants, architects, brokers, consultant, engineers, lawyers) against claims arising from their actual or perceived negligence, errors, and mistakes in the performance of service for others.

Umbrella Policies

Personal and Commercial Umbrella Policies provide coverage against claims that would not otherwise be covered, or are in excess of the amount covered, under a Basic Liability Insurance policy.

Employee Benefits Liability

Employee Benefits Liability protects employers for an error or omission in the administration of an employee benefit program, such as failure to advise employees of benefit programs.

Employment Practices Liability

Employment Practices Liability protects employers against claims that an employee’s rights were violated.

Boiler & Machinery

Boiler & Machinery (also know as Equipment Breakdown Coverage) provides coverage against losses incurred due to sudden and accidental breakdown of machinery or equipment.

Farm Programs

Farm Programs provide coverage for dwelling and household personal property, farm personal property, plus barns, stables, silos, other structures, and farm liability

Fidelity & Surety Bonds

A Fidelity Bond is a bond purchased by employers to protect them against the dishonesty (including theft) of their employees. A Surety Bond provides compensation for a party when a contract is not performed or the performance is unsatisfactory.

Individual & Group Health

Individual or Group Major Medical Plans

Individual & Group Life

Individual or Group Life Insurance Policies