Tag: Rocky River Commercial Insurance

Commercial Property Coverage

Coverage under the commercial property (CP) policy is for property only. A separate policy form provides liability. The CP policy covers buildings, the insured’s personal property, and under certain circumstances, personal property of others. For coverage to apply, there must be a limit shown in the declarations for that type of property. Insurance contract interpretation relies on meanings disclosed in common usage dictionaries, unless the...

Knowing When to Purchase Commercial Auto Insurance

Having the right kind of automobile insurance is important to insure you have the appropriate coverage in the event of a claim. If your vehicle is used for business purposes, then commercial auto insurance is the right type of insurance for you. Commercial auto insurance is similar to personal auto insurance and includes liability, collision, medical costs, uninsured motorists and comprehensive coverage. However, the commercial...

Slip and Fall Claims

One-third of all workplace accidents are the result of slips and falls, averaging a little more than 500 deaths per year. Some of these injuries are to employees who then claim workers’ compensation benefits, many times exaggerating the injuries. Sometimes the employee will actually be hurt playing football on Sunday, yet file a work-related injury report on Monday. A common problem for every business that...

Examination of Books and Records

In your commercial property policy you will find a section titled “Policy Conditions.” This section of the policy spells out requirements of the policyholder and the insurance company. It covers information about each party’s right to cancel the policy, the insurer’s right to inspect the property, and conditions about abandonment of the property. There are many more conditions though, and it is a good idea...