Cincinnati Financial Corporation engages in the property casualty insurance business. As of December 31, 2015, a select group of independent agencies in 39 states marketed the company’s property casualty insurance within their communities. The company’s 1,526 property casualty agency relationships were marketing its standard market insurance products. The company offers its range of insurance products through the independent agency distribution channel. The company offers insurance coverage that includes business property and liability, automobile and homeowner, as well as umbrella liability. Segments The company’s segments include Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. Commercial Lines Insurance segment This segment includes five commercial business lines, such as: Commercial Casualty This business line provides coverage to businesses against third-party liability from accidents occurring on their premises or arising out of their operations, including injuries sustained from products or liability related to professional services. Specialized casualty policies might include similar coverage, such as umbrella liability or employment practices. This business line includes liability coverage written as part of commercial package policies. Commercial Property This business line provides coverage for loss or damage to buildings, inventory and equipment caused by covered causes of loss, such as fire, wind, hail, water, theft and vandalism, as well as business interruption resulting from a covered loss. This business line also includes other coverages, such as inland marine, which covers losses related to builder’s risk, cargo or equipment. Various property coverages could be written as stand-alone policies or could be added to a commercial package policy. Commercial Auto This business line protects businesses against liability to others for both bodily injury and property damage, medical payments to insureds and occupants of their vehicles, physical damage to an insured’s own vehicle from collision and various other perils, and damages caused by uninsured motorists. Workers’ Compensation This business line covers employers for government-specified benefits from work-related injuries to employees. Other Commercial Lines This business line includes various other types of insurance products for businesses, such as: Management Liability and Surety: Includes director and officer liability insurance, which covers liability for actual or alleged errors in judgment, breaches of duty or other wrongful acts related to activities of organizations and could optionally include other liability coverages. The company markets primarily to nonprofit organizations, privately held businesses, healthcare organizations, financial institutions, and educational institutions. The for-profit portion includes approximately 250 bank or savings and loan financial institutions, with 6 having assets of $1 billion or more. The surety portion includes contract and commercial surety bonds for losses resulting from dishonesty, failure to perform and other acts, and also includes fidelity bonds for fraudulent acts by specified individuals or dishonest acts by employees. Specialty Packages: Includes coverages for property, liability and business interruption tailored to meet the needs of specific industry classes, such as artisan contractors, dentists or smaller main street businesses. Machinery and Equipment: Specialized coverage provides protection for loss or damage to boilers and machinery, including production and computer equipment and business interruption, due to sudden and accidental mechanical breakdown, steam explosion or artificially generated electrical current. The company’s emphasis is on products that agencies could market to small to midsized businesses in their communities. While some of the company’s property casualty agencies market its personal lines or management liability and surety products, approximately 95 percent offer some or all of the company’s standard market commercial insurance products.
cincinnati financial corp
6200 South Gilmore Road
Fairfield, OH 45014
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