Commercial Department Overview

business owners policy

Most of the insurance companies selling business insurance offer policies that combine protection from all major property and liability risks in one package.

Business Owners Policy (BOP) is an enhanced insurance policy that combines general liability insurance and property insurance into one package.

One major package purchased by small and mid-sized businesses is the Business Owners Policy. Package policies are created for businesses that generally face the same kind and degree of risk. Larger companies might purchase a commercial package policy or customize their own Business Owners Policy in order to meet the special risks they confront.

Workers Compensation protects your employees should an injury occur during the course of employment. Payments are made to the injured party and can consist of medical payments, loss of wages or therapy.

Workers compensation

Property insurance can cover the buildings that you own and/or business property and inventory against physical loss or damage.

Liability insurance is designed to protect the business against losses even if they are negligent or liable for damage, injury or loss to another's property, reputation, or health.

property & liability

Just like you need a personal auto insurance for your own vehicle, you also need business auto insurance in order to to cover your business-owned or leased vehicles.

If you, or any of your employees have an accident in your business’s car, you may be liable for bodily injuries, lost wages or any damage caused.

commercial vehicle

Special Liability

General Liability insurance does not protect your business against claims of professional negligence, or for failure to perform your professional duties. For this type of coverage, the business will need a separate Professional Liability policy.

Professional Liability insurance protects your business against loss from a claim of alleged negligent acts, errors or omissions in the performance of your professional services.

The policy normally pays for any resulting judgments against you, including legal expenses and court costs, up to the coverage limits on your policy.

Specialty programs

Our specialty programs provide thorough coverages that are solely designed for you and your business.

Regardless of the business type you own or service you offer, we know you’re passionate about providing and ensuring your members the best protection they and you need for the industry you are set in.

At Koram, we bring the same focus and priority to providing you and your business the best policy for your wants and needs through closely operating with the preeminent policy program administrators and insurance carriers.

Discover the specialty program that’s right for your business.


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