BUSINESS INSURANCE
Every business has unique exposures – we make sure you’re protected.
Our business insurance team has established strong relationships with the top-rated insurance carriers in our industry. Together we will identify potential loss exposures and help you implement an action plan to reduce and manage your risk.
INSURANCE PRODUCTS FOR BUSINESS RISKS:
Commercial Property Insurance
Property insurance provides compensation when the property you use for business is lost or damaged. This includes buildings or structures as well as other assets like office furnishings, inventory, raw materials, machinery, computers and other items that are essential to your operations.
Property insurance can also provide coverage during a period when you are trying to get the business back on track after a catastrophic loss.
Liability Insurance
Commonly referred to as “slip and fall” insurance, liability coverage protects your business against lawsuits. An individual may claim that your business caused them harm as the result of a defective product, an error in a service, or disregard for another person’s property.
Liability insurance pays damages for which your business is found liable in addition to attorneys’ fees and other legal defense expenses. It also covers medical payments for any people injured by your business.
Commercial Auto Insurance
Many personal auto insurance policies exclude coverage if the vehicle involved in an accident is used primarily for business.
As a result, it is very important to have an auto policy that is specific to your business to ensure that any vehicles that are owned or used by your organization are covered.
Auto insurance provides coverage to third parties resulting from bodily injury or property damage. Insurance may also pay to repair or replace your business-owned vehicle due to accidents, theft, flooding and other events.
Workers Compensation
Workers compensation insurance is required in most states.
Workers compensation insurance pays for medical care and replaces a portion of lost wages for an employee who is injured in the course of employment, regardless of who was at fault for the injury. When a worker dies as a result of injuries sustained while working, the insurance provides compensation to the employee’s family.
Other types of insurance we may recommend:
Umbrella Policy
Protects against unusually high losses, when the primary policy limits have been exhausted.
Errors & Omissions (Professional Liability)
A form of liability insurance that helps protect professional advice and service-providing companies from lawsuits that claim their failure to perform a job had caused harm.
Employment Practices Liability Insurance (EPLI)
Covers damages for which an employer is legally liable for violating an employee’s civil or other legal rights.
Directors & Officers (D&O)
Protects directors and officers of corporations or non-profit organizations if there is a lawsuit claiming they managed the organization without proper regard for the rights of others.
Cyber Liability Insurance
Protects businesses from Internet-based risks relating to information technology infrastructure and activities.
Business Owners Policy (BOP)
Combines coverage for property and liability insurance into one policy for small business owners.
