This means that the majority of commercial insurance policies have to be "tailored" to meet the specific needs of the client. And there are so many different types of businesses located in many areas and in various types of structures, that this can be time consuming and costly. Hence the Minimum Policy Premium has risen drastically in the last few years due to this and coupled with the fact that automation of commercial insurance is relatively in its infancy stages. Due to the economy, automation and globalization, many entrepreneurs are now running successful businesses from their home premises, and insurance carriers have responded to this, and attempted to deal with the preclusive Minimum Policy Premium issue, by developing Home Based Business coverages.
Coverages Include:
- Small & Midsize business packages
- Large Commercial Custom Accounts
- USA and Worldwide Coverage
- Apartment Buildings
- Course of Constructions
- Bonding
- Errors and Omissions/Professional Liability
- Medical Malpractice
- Event Liability
- Directors & Officers