No matter what industry you are in, your company faces risk every day. That's why ACI offers a wide range of business insurance options, designed to identify and reduce those risks at the lowest premiums.
BOP and Commercial Package Policies
Business Owners Policies (BOP) and Commercial Package policies, offer a myriad of options to meet your specific insurance needs. Some businesses may find the BOP alone to be sufficient, while others may wish to tailor the BOP by increasing key coverages, adding other options, or eliminating unnecessary coverages. A Commercial Package can combine just the coverage you need such as: Property, General Liability, Products Liability, Business Income, Equipment Breakdown, and more.
Workers' compensation insurance provides benefits to employees for work-related injuries. Coverage includes medical care and a portion of lost wages when the employee is unable to work. This insurance also provides benefits for the employee's dependents if the employee dies during work-related duty.
Automobile and Trucking
A commercial automobile policy provides coverage for legal liability for others' bodily injury or property damage arising out of the use of your business automobiles. Physical damage coverage protects your vehicles in case of accident or damage caused by fire, hail, and other risks. You can designate coverage for owned vehicles as well as leased, hired and/or borrowed vehicles.
Commercial Umbrella / Excess Liability
With an Umbrella Liability Policy in place, there are fewer worries about depleting valuable business assets or future income to cover catastrophic liability claims. An Umbrella Liability Policy supplements your existing policy's general liability, auto liability and employers liability limits.
Private and Non-Profit Liability
A variety of products offering for privately held companies and non-profit organizations:
- Directors and officers liability
- Employment practices liability
- Fiduciary Liability
- Crime insurance
- Kidnap and ransom
- Identity fraud expense reimbursement coverage
Specific products for professionals providing errors and omissions coverage to an assortment of professionals such as:
- Accounting professionals
- Design professionals
- Legal professionals
- Real Estate professionals
- and other 200 classes from public adjusters to beauticians.
Commercial Surety (Bonds)
Commercial Surety offers a wide range of Bond offerings from the multi-national companies to "Main Street" business and industries.
- Contract surety for commercial entities
- Court – fiduciary bonds
- Court – litigant bonds
- License and permit bonds
- Miscellaneous surety bonds
Construction Surety (Bonds)
Bonding and related services to general and heavy contractors, construction managers and subcontractors. Bond offerings include:
- Performance and payment
- Release of Lien
- License and permit
Directors and Officers
Employment Practices Liability
Condo - Association Package
Bond - Application
Endorsement/Rider: Additional protection purchased in addition to your core business owners policy (BOP). You can use riders to add extra features to your policy.
Insurance Agent: Someone who sells insurance policies from one or more insurance companies.
Insured: The person or business, including employees and others, covered by an insurance policy.
Policy: A written contract, between the insurer and policyholder, that lays out the conditions of your insurance.
Premium: What you pay to your insurance company in exchange for coverage.
Quote: An initial estimate of how much your insurance will cost. The actual premium could be different.
Underwriting: A process where the insurance company reviews and evaluates your risks to decide whether you qualify for coverage, and at what premium.
Appraisal: A professional estimate of the value of your property. The insurance company may require an appraisal during underwriting, or after you file a claim to calculate how much to pay for your loss.
Certificate of Insurance: A document that shows you have insurance and lists the types of policies you hold. It will also list the dates noting how long your coverage is in force.
Claim: When you notify your insurance company of a loss and request that they provide coverage that is covered by your policy.
Deductible: If you have a loss, this is the amount you’ll be required to pay before your insurance will start paying to cover a loss. For example, if you have a $2,000 deductible, you need to pay the first $2,000 of any loss before your insurance will pay out on a claim.
Grace Period: If you miss a premium payment, your insurer may give you a set amount of time (the grace period) to catch up before the policy is canceled.
Lapse: When your insurance policy has a gap in coverage, typically caused by a policyholder failing to pay the premiums to maintain the policy.
Loss: The financial cost of an incident, like damage to your car after an accident or a lawsuit from an upset client. Your insurance company may pay to cover the loss according to the conditions laid out in your policy.
All City Insurance, Inc.
1400 NW 107th Avenue, Suite 210 - Doral, FL 33172
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