Commercial Lines
Products designed for and bought by businesses. Among the major coverages are boiler and machinery, business interruption, commercial auto, comprehensive general liability, directors and officers liability, fire and allied lines, inland marine, medical malpractice liability, product liability, professional liability, surety and fidelity, and workers compensation. Most of these commercial coverages can be purchased separately except business interruption which must be added to a fire insurance (property) policy

Personal Lines
Property/casualty insurance products that are designed for and bought by individuals, including homeowners and automobile policies.

Business Owners Policy (BOP)
A policy that combines property, liability and business interruption coverages for small- to medium-sized businesses. Coverage is generally cheaper than if purchased through separate insurance policies A BOP combines different coverages into a neat package to meet most insurance needs of a typical small-to-medium size business.

A BOP usually contains coverage for:

• Property (Buildings, Business Personal Property, Business Income, and Extra Expense)
• General Liability
• Non-Owned and Hired Auto Liability

Depending on the carrier and their particular BOP, the policy can also contain endorsements covering Small Computer, Crime (Monies and Securities, and Employee Dishonesty), and Fine Arts. Keep in mind that coverage enhancements vary widely by carrier.

The goals of the BOP are to provide a broad range of appeal for the average business owner with limited coverage restrictions and to offer additional options for special exposures.

Commercial General Liability Insurance/ CGL
A broad commercial policy that covers all liability exposures of a business that are not specifically excluded. Coverage includes product liability, completed operations, premises and operations, and independent contractors.

Worker's Compensation
Insurance that pays for medical care and physical rehabilitation of injured workers and helps to replace lost wages while they are unable to work. State laws, which vary significantly, govern the amount of benefits paid and other compensation provisions.