IDEAS home Printed from https://ideas.repec.org/h/spr/sptchp/978-3-319-52851-9_10.html
   My bibliography  Save this book chapter

Non-Life Insurance Products: Commercial Line

In: Fundamentals of the Insurance Business

Author

Listed:
  • Massimiliano Maggioni

    (University of Milano)

  • Giuseppe Turchetti

    (Sant’Anna School of Advanced Studies)

Abstract

This chapter illustrates insurance products for commercial line. For a better understanding, types of cover have been divided into four macro-categories and described. 1. Property and Liability. Property includes insurance for damage to property (i.e. Fire, Theft, Property, “All Risks” coverages C.A.R. and E.A.R). Liability includes insurances for Businessowner liability, Employers’ Liability, Product Liability and Product recall, insurance product covering environmental pollution risk, Professional indemnity and Directors and Officers (D&O). 2. Marine, Aviation and Transport (MAT) includes covers for commercial transportation both for damage to hulls (vessels or airplanes) and damage to goods carried and liabilities of the parties concerned. 3. Business credit and Surety bond. Business credit offers protection against the risk of debtor insolvency. Surety bond meets the need of an enterprise to back a commitment received by a party identified as assured. Policies can be divided based on the subject matter of the obligation. 4. Covers for employees mainly include products concerning the protection of employees of an enterprise (accident, key person dead, reimbursement of a loan granted by a credit institution to a firm itself and cover for business trips).

Suggested Citation

  • Massimiliano Maggioni & Giuseppe Turchetti, 2024. "Non-Life Insurance Products: Commercial Line," Springer Texts in Business and Economics, in: Fundamentals of the Insurance Business, chapter 10, pages 205-239, Springer.
    • Handle: RePEc:spr:sptchp:978-3-319-52851-9_10
    DOI: 10.1007/978-3-319-52851-9_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    Fire; Fire insurance; FLEXA; Replacement cost value (RCV); Full value; Wear and tear; New for old; Theft; Theft insurance; Scheduled personal property; First Loss; Engineering insurance; Actual Cash Value (ACV); New Replacement Value (NRV); Business interruption formula; Boiler and machinery insurance; Cyber risk; Cyber risk insurance; Contractor’s All Risks (CAR); Cross liability; Erection All Risks (EAR); Liability; Liability insurance; Occurrence basis; Claims Made basis; Care; custody and control (CCC); Businessowner liability insurance; Employers’ liability insurance; Product liability insurance; Product recall insurance; Pollution liability insurance; Professional indemnity insurance; Medical malpractice; Directors & Officers (D&O) liability insurance; Wrongful acts; Comprehensive business insurances; Legal protection insurance; Assistance insurance; Marine Aviation Transport insurance (MAT); Marine insurance; Cargo insurance; Open Cargo; Cargo time (or voyage based); Marine insurance certificate; Transport liability insurance; Ocean Marine insurance; Inland Marine insurance; Hull insurance; Aviation insurance; Business credit insurance; Export Credit Agency (ECA; Surety; Bond; Surety bond insurance; Immediate execution; At definitive loss; Commercial surety bond; Accident; Business accident insurance; Disability; Creditor Protection Insurance (CPI); Key Person insurance; Business travel insurance;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sptchp:978-3-319-52851-9_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.