- Commercial Auto Coverage:
Any coverage provided to an insured, regardless of the number of vehicles or entity covered, under a commercial auto, garage or truckers coverage form and rated from either a commercial manual or rating rule as filed and approved by state Insurance Department.
- Umbrella Liability Policy:
A liability policy designed to provide liability protection above and beyond that provided by standard policies. (Excess Coverage)
- Errors and Omission Insurance:
Liability insurance protecting a lender against losses due to negligence, improper documentation, and other errors but not gross negligence or fraud. Errors and Omission coverage is required of financial institutions originating mortgage loans for resale in the secondary mortgage market.