Insurance commonly seen in the business climate

Commercial Package (Property, Inland Marine, CGL, Auto)


Business insurers typically offer a package consisting of the most common insurance (known as "Commercial Package Policy" ") which usually includes both property insurance and liability against third parties.

In general, the most important policy of the first group is simply called "Property Policy", which provides coverage to real property, real estate and personal property located in secured locations. " Commonly covered in these risks include claims by the action of wind, Frost, rain, fire, floods, earthquakes, and others. There are other types of coverage in this class, such as those that cover the property in transit ("Inland Marine"), automobile ("Auto"), robberies committed by employees or other persons within the company ("Fidelity"), and on a limited basis, to which can confer to computers and other technology-related assets (a more complete coverage requires policy specialist, known as) "Cyber Policy").

Within the Group of liability against third-party insurance most important are those relating to civil liability in general ("Commercial General Liability" or "CGL Policy") and auto ("Auto Policy"). The latter is a policy that is used when there is physical damage to persons or property as a result of the negligence of the insured in the use of a covered car.

Between the coverage against third parties most frequently used is the CGL, whose purpose is coverage for physical damage conferred to persons or property as a result of a negligent act of the insured. There are also covers the economic damages that could occur to certain acts considered (as a violation of privacy or a physical intrusion on the property of another).
Commonly are excluded from coverage certain hazards such as asbestos, environmental contamination and physical damage to the goods manufactured by the insured.

At times a CGL exclusion reflects, however, the existence of another policy that contemplates the excluded risk, as happens in the case of the risks associated with automobiles or employees, excluded from a CGL and included in the Auto and Employer completo Liability policies respectively.

Employer's Liability/Workers' Compensation/Employment Practices Insurance

Having employees means taking risks, and these should be covered, but with limitations, through the subscription of policies particularly referred to such situations. There are four different coverages, frequently used in the business environment. With significant variations between the States (again warns the supremacy which have States in areas which in other countries would often be found in the federal jurisdiction) there are alternative systems to the ordinary courts for to determine the compensation that is due when an employee suffers injuries during their work. These systems are typically called "Worker completo de Compensation" and its purpose is to provide employee fair compensation - which in general is below what would be you for the same injuries in the normal system - but your getting is more agile and less expensive. Note that there are many States where employer can not opt for such systems without first having an insurance of "Worker completo de Compensation" that the indemnities that would give employees in the alternative system.

The existence of these systems of "Worker completo de Compensation" does not necessarily imply that the claims brought against employers end up always solving out of the ordinary courts. On the other hand, employers are demanded before the ordinary courts for injuries not included in the system of "Worker completo de Compensation", as suffered by third parties (such as employees of subcontractors) during working hours. For this reason, many "Worker completo de Compensation" policies also include coverage of "Employer completo Liability," which responds to claims employment-related but not included in the system of "Worker's compensation." The ordinary courts are also competent to solve that arguments relating to administration and dealing with employees (for example, requests for sexual discrimination or age). These risks are covered with another type of policy (is separated from that of "Worker completo de Compensation" and "Employer completo Liability") called "Employment Practices Liability Insurance" or "EPLI."

Directors & Officers Liability Insurance

"Directors & Officers (D & O)" policies receive much attention in general because they offer protection to directors and officials of companies in case of having to face direct lawsuits against them, which in the United States is exceptional given that a Corporation formed and operated properly offers much protection to the directors and officers. However, despite its name and its reputation, "D & O Liability" policy does not cover only the directors and officers of a company but rather has three different covers: the first (called "Side A") covers a person (as a director) when the insured company can not compensate by found prohibited to do so by law or found bankrupt or situation of insolvency; the second ("Side B") obliges the insurer to reimburse the insured company when the company has compensated a person for a covered risk and, finally, the third ("C Side") provides coverage direct to the insured company.

The coverage offered in a D & O policy is extremely wide although subject to important limitations, including, some exclude claims between insureds (as the of creditors against directors in the event of insolvency), claims for injuries physical, anti-competitive laws, as well as issues related to environment, among others. However, with few exceptions, is that insurers are generally very willing to change a D & O policy clauses, and if not, there is another insurance company ready to offer more favorable terms.


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