The Liberty Company is one of fourteen affiliated members of the Atlantic-Pacific Insurance Brokers, with access to literally HUNDREDS of commercial insurance markets and products.

The San Jose Business Journal consistently ranks Atlantic-Pacific Insurance Brokers among the top ten in the Silicon Valley area, which means our combined volume translates into the most competitive rates with the top insurance companies.

GENERAL LIABILITY
Insurance designed to protect business owners and operators from a wide variety of liability exposures. Exposures could include liability arising from accidents resulting from the insured's premises or operations, products sold by the insured, operations completed by the insured, and contractual liability.

WORKERS COMPENSATION
Workers' compensation insurance is a form of no-fault insurance that most states require employers to carry. The main objective of the workers' compensation program is to provide medical expense benefits, rehabilitative benefits, and cash benefits to employees who are injured or disabled as a result of a job-related illness or accident. Loss-of-income benefits are also payable to a surviving spouse in the event of an employee's death. Currently, workers' compensation laws cover approximately 90% of all employees in the United States.

BOND
A document for expressing surety. A bond engages three entities; the "surety" (bonding company) sells the bond to the "principal" for the purpose of paying off the party the principal will owe to the "obligee" upon failure of the "principal" to perform some act or provide some service under agreed terms.

BOND/SURETY
A surety bond is the financial assumption of responsibility by one or more persons for fulfilling another’s obligations

BUILDERS RISK
A variation of property coverage specifically applicable to construction projects. It is commonly written in an amount to cover the value of the structure when completed. The premium charged takes into account that values at risk increase gradually over the term of the policy.

CLAIMS MADE POLICY
In Commercial General Liability insurance, a policy that pays for events occurring during a specified period and for which a claim is made during the policy period, subject to stipulated limitations and extensions.

COMMERCIAL PACKAGE POLICY
The Insurance Services Office (ISO) commercial lines policy that contains two or more lines of insurance or two or more coverage parts. It will include some forms and/or endorsements that are common to all lines of insurance or coverage parts, as well as the individual forms and endorsements required for the individual coverages selected. In order to quality the policy must include two or more of these coverage parts: Commercial General Liability, various other liability coverage parts, Commercial Property, Commercial Crime, Commercial Inland Marine, Boiler and Machinery, Farm or Commercial Auto. Individual insurers may have similar commercial packages with different requirements.

COMMERCIAL PROPERTY
A commercial property insurance policy provides for direct physical loss or damage to covered property at the premises described in the policy declarations caused by or resulting from a covered cause of loss. The covered property is generally buildings and business personal property located in or on the buildings. The policy contains a definition of building and business personal property and also lists the covered cause of loss.

COMMERCIAL AUTO
A commercial auto insurance policy provides payment for bodily injury and damage to tangible property for which the insured becomes legally responsible and which involves the insured's automobile. The insured can also insure his/her own vehicle for physical damage commonly referred to as comprehensive and collision coverage.

CONTRACTORS EQUIPMENT FLOATER
Coverage designed for the special needs of contractors to insure their machinery and other equipment.

EMPLOYMENT PRACTICES LIABILITY INSURANCE
Protects the corporation, directors & officers and employees for claims resulting from wrongful termination, discrimination, sexual harassment, wrongful discipline and failure to employ or promote.

Whether you are right or wrong in the eyes of the jury, the typical defense costs alone average $100,000 - $200,000 per case.

GARAGE POLICY
One of the early package policies, it is written for automobile dealers and may include liability for garage operations, automobile operations, physical damage coverage on garage owned autos, bailees coverage on customers cars, and auto and premises medical payments coverage.

GARAGE KEEPERS POLICY
A bailee coverage applying to automobiles. Commonly included in garage policies, it may be written to provide coverage for limited perils or for comprehensive physical damage, with or without collision damage coverage. Coverage may be expressed as covering the legal liability of the garage keeper or amended to cover on a direct basis, as primary insurance or excess.

LIQUOR LIABILITY COVERAGE
Liquor liability insurance provides coverage for bodily injury or property damage for which an insured may be held liable by reason of the following:

• Causing or contributing to the intoxication of any person;
• Furnishing alcoholic beverages to a person under the legal drinking age or under the influence of alcohol; or
• Violating any statute, ordinance, or regulation relating to the sale, gift, distribution, or use of alcoholic beverages.
  
  This coverage applies only if the insured is involved in the following activities:
  
• Manufacturing, selling, or distributing alcoholic beverages;
• Serving or furnishing alcoholic beverages for a charge, whether or not such activity requires a license or is for the purpose of financial gain or livelihood; or
• Serving or furnishing alcoholic beverages without a charge, if a license is required for such activity.

OWNERS AND CONTRACTORS PROTECTIVE LIABILITY
This insurance coverage provides for payment on behalf of the insured of all damages the insured becomes legally obligated to pay due to bodily injury or property damage caused by an occurrence rising from the following:

Operations performed for the named insured by independent contractors.
Acts or omissions of the named insured in connection with his/her general supervision of such operations.
This does not include maintenance and repair at premises owned by or rented to the named insured, or structural alterations at such premises that do not involve changing the size of or moving buildings or other structures.

PROFESSIONAL LIABILITY (ERRORS AND OMISSIONS)
Coverage for liability resulting from errors or omissions in the performance of professional duties. Applicable as a general rule to professional business activities such as banking, accounting, law, insurance and real estate.