Commercial General Insurance

[teresabw]

My agency is a non-profit society whose job is to act as a "watchdog" for a specific project, 1.5 PY. Office work, no regulatory role, no field work, just "desktop" reviews of tech documents. We had our own office and Commercial General insurance but we just moved to a new location. Now, our office, furniture and equipment, including all utilities are offered free of charge by a private multinational company within their own office, no lease, no rent, no cost. We use all their facilities, including kitchen, boardroom, etc. Assets in our office are basically two laptops and a printer.

We have separate Directors and Officers insurance.

Do we need still Commercial Insurance?

 

[forrestm]

@teresabw Yes you will still need a CGL, your best bet to speak with an insurance broker who has access to commercial markets

 

[teresabw]

@forrestm Thank you, this is what I will do.

 

[dmel2016]

@teresabw Also it might be wise to simply update the current CGL policy to the new address. Otherwise you can contact your Directors & Officers insurance provider to get an initial quote, they may be able to create a package policy for the best rates & coverage. If not, you can get quotes online with sites like Foxquilt etc