These include Business Owners, Artisans, Special Multi-Peril, and Commercial
Umbrella policies. Barry Goldstein, CEO, said, "These commercial liability lines are the most volatile and carry the longest claim development "tail" of any of Kingstone's offerings.
It also authorizes the government to offer
umbrella policies for commercial properties, including multifamily and agricultural properties and requires the Federal Emergency Management Agency to make NFIP coverage available to co-op and condo owners.
Commercial
umbrella policies can provide broader coverage as well as additional coverage.
SB 5996 would increase the tax on all P&C lines, including home, auto, commercial property, business owners' liability, medical malpractice, inland marine, construction contractor liability, municipal and school district excess liability,
umbrella policies, even insurance for mobile phones.
She will also manage High Net Worth's product lines, including personal auto, homeowners and
umbrella policies. Zortman will report to Peter Zaffino, chief executive officer of AIG General Insurance and global chief operating officer, AIG.
Larger companies often purchase
umbrella policies as an extra precaution to protect their net worth.
General liability insurance and
umbrella policies typically do not cover this type of dispute, and it is therefore important to have the proper coverage.
The City also purchased three successive
umbrella policies ("
Umbrella Policies") from Hartford, covering periods
We insure homes, businesses and even personal liability with million-dollar
umbrella policies. I am excluding small arms for one's protection of self, family and property.
On the other hand, premium renewal rates in August were up for BOP lines (3.85%, up from 3.65% the month prior), Commercial Property (2.59%, up from 2.45% the month prior), and
Umbrella policies (1.56%, up from 1.40% at the end of June).
[ ] Remind clients of the need to use
umbrella policies for excess liability insurance, over and above the limits on home and auto insurance.