Our commercial package policies contains two or more of the following coverage parts

Commercial Package Policy

Our commercial package policies contains two or more of the following coverage parts; commercial property; commercial general liability; products/completed operations liability; commercial crime; inland marine; liquor liability; boiler and machinery; commercial automobile.

The majority of package policies contain both; a commercial property insurance and a commercial general liability policy. Protection under a package policy is so important as it addresses the following types of loss:

Property Insurance Coverage: Provides direct damage coverage on building(s) and/or business personal property which is damaged and loss of property due to covered forms of loss: fire, theft, burglary, vandalism or water damage (does not include damage cause by flood water).

Business Income Coverage: Coverage for continuing expenses such as utility bills, net income, monetary losses due to down time or extra expenses (costs of “above normal expense”) needed to restore operations (such as additional property rental, employee over-time) which resulted from a covered loss. A suspension or decrease in tuition income can quickly result in a financial crisis making it difficult to maintain expenses and operating costs. This valuable coverage can get schools back up and running quickly making this valuable coverage indispensable.

The general liability coverage part provides liability protection for third-party claims for which the facility may be liable such as:

1. Bodily Injury (Includes sickness or disease): Coverage provides the affected person or organization for: A: the cost of care; B: the loss of services; and C: restitution for any death that results from the injury.

2. Property Damage: If something the school did or didn’t do resulted in damaging another’s property or prevented the owner from continued use of it. This coverage would compensate the owner for: A: The physical damage to the property; B: The loss of use of that property.

3. Completed Products & Operations: If an injury to a person ever resulted from a manufactured product or contracted service the facility provided, this coverage would pay for the resulting damages (up to your policy's limit) and legal expenses. In addition, if you were sued because of these damages, the coverage would cover related defense costs regardless of who was at fault.

4. Professional Liability: Coverage is provided for staff who give advice, make educated recommendations, design solutions, provide services or represent the needs of others. "Errors and Omissions" is sometimes referred to as professional liability insurance. This coverage is not only needed by doctors, lawyers, and accountants it is needed by a wide range of businesses. It is invaluable protection in the event someone claims the staff incorrectly performed or failed to perform your professional duties.

5. Advertising Injury: If the facility was named in a lawsuit because injuries which result from: A: publishing (either written or verbal) inaccurate information that slanders or libels another person or organization; B: publishing material that violates another person or organization right of privacy; C: Use of on another person or organization copyright, title or slogan coverage provides valuable liability protection.

6. Contractual Liability: Coverage would be extended to include any liability you assume when you enter into a variety of different types of contracts such as but not limited to: A: Building lease; B: License agreement; C: Referral agreement; D: Contracts with City, State or Government Departments; E: Subsidies or Funding.

7. Fire Legal Liability: This coverage is provided for those facilities that rent or lease property and are liable for fire damage to the portion of the landlord’s building that you occupy.

8. Medical Payments: If someone is accidentally injured by a staff member, or at the insured's premises, or while participating in the operations without regard to negligence coverage for medical expenses is available to include first aid, surgery, x-rays, dental services, prosthetic devices, transportation by ambulance, and funeral expenses (up to your policy's liability insurance limit).

9. Non-Owned & Hired Auto: Facilities that do not own and operate an auto but have A: parent of registered students; &/or B: staff members; volunteer the use of their personal owned automobile can obtain coverage that will meet the contract requirement for commercial auto coverage. This coverage protects the school in case it is sued as a result of an accident that occurred while volunteering on behalf of the facility. It is important to note that this coverage will not protect the volunteer personally, only the volunteer personal auto policy will do that. Hired auto coverage replaces or augments liability coverage offered by car rental agencies. It does not replace the physical damage coverage applicable to any damage caused to the vehicle being renting. Physical damage coverage should be obtained from the rental agency.

COVERAGE AVAILABLE EXCLUSIVELY THROUGH BRIDGE NORENA & ASSOCIATES INSURANCE AGENCY:

Corporal Punishment Liability / Sexual Abuse & Molestation Liability: Any organization working closely with children must have this important coverage: Corporal Punishment Liability: Coverage for the policy holder against allegations of corporal punishment to registered student(s), even when groundless, false, or frivolous. Sexual Abuse and Molestation Liability: Coverage for the policy holder allegations of sexual misconduct or molestation to registered student(s).

The combination of our extensive experience and our carrier’s expert claims administration and handling of these types of claims and is sensitive to the needs of all parties involved. Coverage due to negligent hiring, training and supervision practices; defense and damages are covered.

Coverage is also available by endorsement for the following coverage’s:

Employee Dishonesty, Fidelity, Crime Insurance: Protects organizations from loss of money, securities, or inventory resulting from crime. Coverage can be scheduled or written on a blanket basis. This provides coverage for all employees, subject to the policy definitions. All acts involving the same employee or group of employees is considered one occurrence.

Employee dishonesty coverage protects an employer from financial loss due to the fraudulent activities such as embezzlement and theft by one or more employees.

Fidelity/Crime coverage protects and employer from financial loss due to employee dishonesty, embezzlement, forgery, robbery, safe burglary, computer fraud, wire transfer fraud, counterfeiting, and other criminal acts.

Electronic Data Processing (E.D.P): Provides specific coverage for Computers and Hardware, Software (except for prepackaged software programs, which are typically covered on an actual cash value basis), Data (essentially limited to replacement with blank tapes or diskettes plus transcribing expense) and the Extra Expenses associated with a loss to either. It can include coverage for Laptops, E.D.P In-Transit and Off-Premises.

Electronic data processing equipment and its software is particularly susceptible to damage from electrical or magnetic disturbance and changes in temperature or humidity.

Special Event Insurance: When planning a small fund raiser, holding a large holiday program, or organizing a festival; organizations need to ensure they are covered for all possible events that may spoil the enjoyment of your guests when the big day arrives. By adding special event insurance by endorsement the general liability policy would protect the organization from unexpected accidents and hardships. Volunteers and staff are covered from the moment they begin setting up for the event, until everything is taken down (24 Hour Coverage is available).

Host Liquor Liability: An endorsement can be added to the general liability policy to protect the organization in the event of a fund-raiser or special event where alcoholic beverages are sold or consumed. This important coverage protects the organization from legal liable claims for a liquor-related accident.

What is not included:

Student Accident Insurance, Workers' Compensation Insurance, Health, life and disability Insurance are written separately. Specialized insurance coverage such as Directors' and Officers' Liability, Employment Related Practice, Umbrella, Flood, Earthquake, Fiduciary Liability are written independent of a Commercial Package Policy

Student Accident Insurance Workers Compensation Insurance

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