Commercial Lines of Insurance-Floyd Arthur

Dec. 19, 2011 - PRLog -- The term “commercial lines of insurance” is used to describe those types of insurance created specifically for businesses or business activities. Commercial lines include a wide variety of policies, many of which can be provided by commercial underwriters such as Floyd Arthur insurance.
Since every business is different, each firm will need a different kind of coverage. The most cost effective way to provide such commercial lines of insurance is to purchase them through an underwriter such as Floyd Arthur. Such professionals can help a business meet all its insurance needs at a lower cost. Some policies that can be described as commercial lines of insurance include:
  Commercial property policy – a policy that covers a business’s property against a wide variety of normal risks, such as theft, fire, and accidents. It may exclude specific risks, such as flooding.
  Commercial package policy – a policy that can help a business save money by providing several lines of insurance from one policy. A common example would provide property, inland marine, boiler, mechanical, crime, and fire coverage. Commercial underwriters like Floyd Arthur New York City can put together such a package policy for any size company.
  Commercial general liability policy (or CGL) – a line of insurance that provides comprehensive coverage for all potential liabilities a company might face. This includes any sort of claim made against the business. It should be noted that many CGLs contain language excluding specific kinds of claims from coverage.
  Supplemental group life insurance – a life insurance policy available to employees as a benefit. Commercial underwriters can arrange for such insurance for an organization or its employees.
  Syndicate policy – a policy that covers the risks of a number of different companies operating in the same business. An underwriter can set up such a syndicate policy which can help companies reduce insurance expenses.
An underwriter such as Floyd Arthur insurance can help a business reduce the costs of these and all other commercial lines of insurance. An insurance professional’s job is to properly discern a client’s risks and locate the insurers that can best cover those risks at the lowest costs.Floyd Arthur  is the insurance professional whose expertise is sought by many small and medium sized firms in the tri-state area around New York City.
An experienced underwriter such as Floyd Arthur has the necessary skill set to help a business owner lower his insurance costs while maintaining the right amount of coverage.