Business Insurance
Businesses present unique exposures for insurers, so it is harder to generalize about coverages. The categories of policies listed below are only an outline of the coverages available through our insurance carriers.
Whatever your commercial insurance needs, we can design a protection program that's right for you.
Commercial Auto
A commercial automobile insurance policy is required under most circumstances
when the vehicle is used for business purposes and meets certain other requirements.
It is not just the registration that determines the requirement for a business
automobile insurance policy. Other requirements are ownership by a corporation,
use in hauling goods for hire, and gross vehicle weight of the vehicle. Some
small trucks can be owned and insured under a personal automobile insurance
policy under specific circumstances.
Commercial automobile insurance policies are not regulated in pricing, as are
private passenger policies. There is price competition between insurance companies
for good commercial automobile insurance.
BOP (Business Owners Package)
Business Owners Package policy, commonly called a "BOP" contains
many of the insurance coverages needed by most small businesses. While these
policies are not standard, there is great variation from insurance company
to insurance company; there are certain common elements. The basic BOP offers
business property both building and contents, and liability insurance protection
for the operation of your business. This liability protection will generally
include the operation of your business, at its established location, and
the liability from your products or completed operations.
Some, but not all of the policies, will also offer business income and extra
expense protection after an insured loss. BOP policies do not contain all of
the coverages needed by a small business. Notably they do not cover any workers
compensation, professional liability, or business vehicle coverage.
Business Owners Package Quote Form
Business Interruption
If your business suffers a property loss it could cause the business to slow or close down while repairs are made. This may mean a complete or partial revenue loss depending on the time frame and the damage. From the time the loss occurs until your business is running again, insurance can replace your lost profits, and provide a source of money to pay your necessary continuing expenses, like rent, payroll, taxes, etc.
Commercial Property
Commercial Property protects your business against the loss or loss of use of company property. "Property" can include a variety of types: lost income or business interruption, buildings, computers, money, and valuable papers.
Commercial Umbrella
Most package policies provide a liability insurance limit of $1 million for any one loss and $2 million in any one year. For many businesses, this limit is inadequate for real economic security. As a result, additional layers of protection in million-dollar increments are readily available in today's insurance market for most businesses.
Contractor's General Liability
Exceptional primary general liability and umbrella cover can be provided for virtually any type of contractor—from commercial drywall contractors to electricians.
Contractor's General Liability Questionnaire
Employee (Group) Benefits
Your employee benefits plan protects the most important resource of your business - your employees. Employee benefits can be one of your most valuable recruiting tools. We can help you assemble a generous and affordable benefits plan that attracts and retains the best employees.
We’ll sort through the maze of HMOs, PPOs, POS plans, and others to integrate the components best suited to your needs. Your plan can evolve as your business meets the demand of growth, mergers, changing technologies, and marketplace shifts.
Employee (Group) Benefits Quote Form
Employment Practices Liability (EPLI)
Employment Practices Liability Insurance otherwise known as EPLI is insurance that helps protect you against claims from your employees that result from the general conduct of your business. Common examples of employee related claims include claims relating to:
- Discrimination
- Wrongful Discharge
- Sexual Harassment
- Hostile Working Environment
- Wrongful Termination
- Lack of Advancement
Employment Practices Liability (EPLI) Quote Form
Product Liability
Product liability insurance protects you in case a product you produce or provide causes harm to a user or a user's property. A "product" is anything that is tangibly used, touched, or consumed. This type of insurance is recommended for every business that manufactures a product, but is especially important for companies that produce food, clothing, toys or anything else that could conceivably cause harm to someone.
Most business owner's policies include limited product liability coverage. If, for some reason, you do not have this coverage through a business owner's policy and your product runs the risk of inflicting harm on other people, you may need to buy product liability separately. Similarly, if your product presents a higher risk of injury (for example, it contains a hazardous material), you may need to purchase additional coverage.
Product Liability Questionnaire
Property / Liability
The general or public liability policy provides protection for claims of liability that are made by third parties. The policy provides defense protection even if the allegations are groundless. In addition the policy will pay any judgment up to the policy limit of coverage.
Surety Bonds
We work with many of the country's top-rated surety companies to secure:
- Contract Payment and Performance Bonds
- Fidelity Bonds on Employees
- Code Compliance Bonds
- Judicial and Court Bonds, including estate guardianship and repletion bonds
- Professional Service Bonds
Workers' Compensation
Workers' Compensation insurance protects employers from claims resulting from injuries to employees. It protects your business from lawsuits and provides employees with compensation for on-the-job injuries.
By law, most employers are required to provide coverage for lost wages and medical bills incurred as a result of on-the-job accidents or illnesses. For many businesses, this coverage is the largest part of its insurance expense.
