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The Broad Form expands on the Basic Form by adding perils such as falling objects, weight of ice/snow, and water damage from plumbing. Fire, lightning, and explosion are included in both Basic and Broad Forms. This tiered approach allows insureds to choose broader protection for slightly higher premiums.

Malpractice insurance is a specialized professional liability policy for doctors, lawyers, and similar professions. It covers errors, negligence, or omissions in delivering professional services. Truck drivers, cashiers, and office managers require other coverages but not malpractice insurance.

DandO insurance protects board members of nonprofits (as well as corporations) against claims of mismanagement, breach of fiduciary duty, or regulatory noncompliance. It shields personal assets from lawsuits. EandO applies to professional services, EPLI to employee disputes, and General Liability to bodily injury/property damage. DandO is essential for organizations with governance responsibilities.

CGL policies cover compensatory damages awarded for bodily injury or property damage caused by the insured’s negligence. Punitive damages, fines, and contractual penalties are excluded. Coverage ensures businesses can manage the financial consequences of accidental third-party claims.

Money Orders and Counterfeit Currency coverage reimburses losses when businesses accept fraudulent money orders or counterfeit currency. Employee Theft applies to internal fraud, Forgery applies to checks, and Computer Fraud to digital theft. This coverage addresses a classic but still relevant exposure.