Property & Casualty Products

J.W. Terrill will locate the type of commercial insurance product you need.
The most common types of commercial insurance are property, liability and workers' compensation. In general, property insurance covers damages to your business property; liability insurance covers damages to third parties; and workers' compensation insurance covers on-the-job injuries to your employees.

Depending on your business, you may want additional specialized coverages. J.W. Terrill property & casualty offerings include, but are not limited to, the coverages listed below. Our experts will analyze your risk to determine the appropriate coverage needed.

A - D

Automobile
Coverage for autos including land motor vehicles, trailers or semitrailers designed for travel on public roads. Available coverage might include liability, physical damage, uninsured/ underinsured motorists, personal injury protection and medical payments.

Aviation
Coverage for aircraft including helicopters, FBO’s, airports/airparks, charter operations, flight schools, air ambulance and law enforcement. Available coverage might include Workers Compensation, hangars & offices, fuel tanks & trucks, pollution liability, product liability, hull, and aircraft liability.

Crime
Protection for the assets of a business (including merchandise for sale, real property, money and securities) from employee dishonesty, embezzlement, burglary, robbery, larceny, forgery, wire transfer fraud, counterfeiting, or theft.

Cyber Liability
Coverage for activities centered around the internet or confidential data on computers. Available coverage includes third party liability, defense and notification expenses, damage to your computers and business interruption due to corrupted software or hardware.

Directors & Officers
Liability insurance payable to the officers and directors of a company or to the organization itself, to cover damages or defense costs for claims alleging wrongful acts. Typical sources of claims include shareholders, shareholder derivative actions, customers, employees, regulators and competitors. Types of claims can include discrimination, wrongful termination, sexual harassment, libel, slander, and defamation of character, failure to supervise employees, copyright infringement, unauthorized use of logos, mixing personal and business assets, and failure to disclose conflicts of interest. Coverage can extend to defense costs for criminal and regulatory investigations.

E - F

Employment Practices
A form of liability insurance covering wrongful acts arising from employment related activities. The wrongful acts might include wrongful termination, sexual harassment, failure to employ or promote, invasion of privacy, false imprisonment, breach of contract and discrimination. Most commonly, Employment Practices Liability deals with claims brought under federal or states statues that govern an employer’s liability to its employees.

Equipment Breakdown
Coverage for loss due to mechanical or electrical breakdown of equipment. Equipment would include machinery, electrical components, boilers, heating/air conditioning, computers, and even photocopiers. Coverage can apply to the cost to repair or replace the equipment and business income losses.

Environmental
Coverage for costs related to pollution. Coverage is available for damage or injury to others or damage, cleanup and restoration costs, and damage to your own property.

Fiduciary Liability
Protection for those who administer pension and welfare funds, savings, profit-sharing and other employee benefit plans against errors or omissions by the administrator, trustees, employers, officers employees, and any other individual or organization designated as a fiduciary. Fiduciaries can be held personally liable to the plan beneficiaries for any breach of their duties including the acts, errors or omissions of outside entities that provide administrative and related services.

G - O

General Liability
Coverage for a broad range of possible liability exposures such as bodily injury, property damage, personal injury, advertising injury, liquor liability, products, completed operations and medical payments.

Intellectual Property Insurance
Coverage that protects companies for patent, trademark, or copyright infringement claims arising out of the company’s operation. Two types of coverage are available. The first protects if you are sued for the infringement and it funds the legal defense. The second type pays the legal expenses of suing an alleged infringer.

International
A specialty policy to provide coverage for foreign operations arising out of a permanent branch office, manufacturing facility, construction project or other operations located in another country. Coverage often includes General Liability, Auto Liability and Employers Liability.

Kidnap & Ransom/Extortion
A specialty crime policy that provides coverage for the surrender of money or property as a result of a threat of harm to the Named Insured, an employee, or a guest or relative of the Named Insured or employee.

Marine (Inland & Wet)
Coverage for the transportation of goods either on the ocean or by land. Coverage can include protection for the cargo, the waterborne conveyance as well as for liability for third parties arising out of the transportation process.

P - Z

Product Recall
Coverage for the cost of getting a defective product recalled. Available coverage might include the cost for the expense of shipping the defective product back to the manufacturer or distributor, the cost of destroying the defective product, and expenses associated with media relations.

Professional/E&O
Coverage to protect traditional professionals (physicians, lawyers, accountants, etc.) and quasi-professionals (real estate brokers, contractors, etc.) against liability for errors or omissions in performing professional services. Most often the coverage is limited to economic loss rather than bodily injury or property damage.

Property
Coverage for physical damage or loss to the insured’s buildings, contents, stock, or equipment and for the loss of profits or extra expense. Available coverage includes protection for loss caused by an insured peril. Insured perils vary from policy to policy, but might include such types of loss as fire, collapse, explosion, vandalism or flood.

Umbrella
Coverage for loss over and above the standard limits set in primary policies. Primary policies might include General Liability, Auto Liability and Employers Liability. Additional lines of coverage may be included such lines of insurance as Liquor Liability, Watercraft Liability or Aircraft Liability.

Workers Compensation / Self-Insured Workers Compensation
Coverage for an employer’s liability for injury to employees required by statutory laws and for liability arising out of employee’s work related injuries that do not fall under WC statutes.