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COMMERCIAL AUTO
This coverage can be included in a Commercial
Package policy or as an individual policy. Coverage for autos used by a business
when liability judgment arises out of the use of the auto, or the auto is
subject to damage or destruction.
We offer a comprehensive number of insurance products that will ensure your
protection on the road!
Whether you are looking for auto or motorcycle insurance we will work with you
to determine the best coverage, deductible, and payment options for you. Being
properly prepared is peace of mind for our Representatives at AIS. So we want to
make sure that you have that peace of mind after making your valuable decision
for insurance.
This coverage can be included in a Commercial Package policy or as an individual
policy. Coverage for autos used by a business when liability judgment arises out
of the use of the auto, or the auto is subject to damage or destruction.
BUSINESS LIABILITY *
Coverage for liability exposure resulting from the activities of a business
including: 1) Direct Liability-acts of the business resulting in damage or
destruction of another party’s property or bodily injury to that party. 2)
Contingent Liability-although the business may not have direct liability; it may
incur a secondary or contingent liability, for example through the employment of
an independent contractor. 3) Medical Payments to others insurance-acts of the
business resulting in injury to another party, with the insurance company paying
the medical expenses to that party without regard to legal liability of the
insured business.
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PROFESSIONAL LIABILITY *
Coverage for specialists in various professional fields. Since basic liability
policies do not protect against situations arising out of business or
professional pursuits, professional liability insurance is purchased by
individuals who hold themselves out to the general public as having greater than
average expertise in particular areas.
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WORKERS COMPENSATION *
Coverage providing four types of benefits (medical care, death, disability,
rehabilitation) for employee job-related injuries or diseases as a matter of
right (without regard to fault). State workers compensation laws, which date
from early in the twentieth century, provide that employers take responsibility
for on-the-job injuries. Each state defines the benefit level for employers in
that state.
BUSINESS INTERRUPTION *
Business Interruption insurance is indemnification for the loss of profits and
the continuing fixed expenses. Business interruption is a break in commercial
activities due to the occurrence of a covered peril.
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DIRECTORS AND OFFICERS *
It
is important for corporations to consider the D&O liability insurance that would
protect directors and officers from individual or collective liability in the
event of a suit.
The Directors and Officers Liability policy is written in 2 parts. The first
portion of the coverage is directors and officers personal or individual
liability coverage; the second coverage, referred to as the corporate
reimbursement part, reimburses the corporation to the extent that the
corporation indemnifies its officers and directors. The corporate
indemnification section is the most frequently called upon. This portion
responds to the corporations liability under various state statutes requiring
indemnification of corporate officers and directors under certain circumstances.
Although the statutes differ from state to state, the statutes generally permit
indemnification only if the officer or director acted in good faith in a manner
believed to be in the best interest of the corporation. Each part has its own
retention’s, exclusions and deductibles.
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