Commercial lines
Business insurance
Two businesses on the same block, the same square footage and the same revenue can need genuinely different policies. Full Circle would rather ask what you actually do than send you a form to tick.
Most commercial gaps are not price problems, they are form problems
A business is usually not underinsured because someone bought too little. It is underinsured because the exposure it actually carries sits outside the form it was sold. General liability answers for bodily injury and property damage. It does not answer for a professional mistake, for an employment claim, or for the income lost while the doors are shut. Those are separate policies with separate triggers, and which of them you need depends entirely on how the business makes its money.
What the agency needs to hear first
What the business does on an ordinary Tuesday. Who comes on site and who does not. Whether you hold anyone else's property or anyone else's data. Whether you give advice people rely on. How many people you employ and how they are classified. Berkley sits in the carrier bench specifically for the commercial risks that do not fit a standard box, which is a useful thing for an agency to have when a business is unusual.
Full Circle Insurance, 2559 Brandt School Rd, Suite 101, Wexford, PA. Independent agency, established 2013. Call (724) 935-8000.
The four commercial lines Full Circle writes
Which of these you need is not a matter of budget. It is a matter of how the business makes its money, which is why the agency would rather ask than assume.
- Small business policies
- The packaged form, property and general liability written together. It suits a great many businesses and quietly fails the ones whose real exposure is advice, data or people rather than premises.
- Commercial accounts
- Where the packaged form runs out. Larger property schedules, fleets, multiple locations, or an operation that needs its cover assembled rather than selected.
- Professional liability
- Cover for the work itself. If a client can lose money because of your advice, your design or your service rather than because of anything physical, this is the policy that responds, and general liability is not.
- Management liability
- Cover for the people running the business. Directors and officers exposure, employment practices, and the claims that arrive from staff and stakeholders rather than customers.