Per Occurrence Limit
The highest dollar amount that the insurance company will pay out for any single claim.
General Aggregate Limit
The highest dollar amount that the insurance company will pay out if you have multiple claims during a policy term (usually one year).
Business Personal Property
Items such as office furniture, phones, and fixtures that remain on-premises at your place of business.
Employment Practices Liability
This coverage comes into play if someone files a lawsuit against you based on your employment practices, i.e., independent contractor vs. employee suits, gender discrimination, etc.
Hired & Non-Owned Auto Liability
Covers you when an auto that you lease, hire, or borrow causes damage to someone or something else. This coverage does NOT include damage to the vehicle itself.
Hired Auto Physical Damage
Covers damage to the auto itself.
“No fault” coverage for first aid and medical services. Sometimes referred to as “Good Neighbor” coverage, since a policy including medical payments coverage will pay for such expenses even if negligence isn’t established.
Personal and Advertising Injury
An injury, other than bodily injury, arising out of oral or written publication of material (including advertising) that slanders or libels another’s goods, products, or services, or that infringes on copyright, title, or slogan.
Products and Completed Operations
Coverage for claims resulting from a product that you sold that is no longer in your possession, or that happen after you have completed a job and left the premises. For instance, if you sell someone a sweater, and six months later they sue you, claiming that the sweater turned their skin green, this is the coverage that would come into play.