Business

Package Policies that combine liability, property and more

Workers Compensation

Business Automobile

Liability, Fire, Crime, Equipment

Director's and Officers

Professional Liability

Employment Practices Liability

COMMERCIAL INSURANCE:

In today's litigious society, even small mishaps can result in large lawsuits. That's why general liability insurance, along with property and worker's compensation insurance, are essential for most companies. Liability insurance protects the assets of a business when it is sued for something it did (or didn't do) to cause an injury or property damage. Also included are premises and operational liability, medical payments and contractual liability. General liability insurance can be purchased separately or as part of a business owner's policy.

Liability insurance covers injuries that you cause to third parties. Covered liability claims include bodily injury, property damage, personal injury, and advertising injury (damage from slander or false advertising). If someone sues you for personal injuries or property damage, the cost of defending and resolving the suit would be covered by your liability insurance policy. A general liability policy will cover you for common risks, including customer injuries on your premises. Customer accidents account for the majority of all liability claims and of these, slips, trips and falls account for over 60%.

Potentially general liability coverage claims may include:

• A customer has a slip and fall accident on your premises and sues you for negligence
• You throw a cigarette in a trash can that starts a fire that causes $100,000 of damage to the landlord's building
• Your programming or code that controls a machine malfunctions resulting in bodily injury or property damage to a third party
• You make a disparaging remark about a competitor and you are sued for slander

More specialized varieties of liability insurance include:

Errors and Omissions
Errors and Omissions (E & O) insurance covers inadvertent mistakes or failures that cause injury to a third party. The act must actually be an inadvertent error, and not merely poor judgment or intentional acts. For example, an E & O policy would cover damages arising from an accountant failing to file the appropriate tax documents, or a notary filling out notarizations improperly.

Commercial Umbrella
A Commercial Umbrella policy protects you against a loss due to catastrophic lawsuits by providing business liability coverage above and beyond your basic standard liability policy. Your business can be covered for $1,000,000 up to $10,000,000 or even more in special cases.

Bodily Injury Liability:
You are covered if you have caused injury or death. This coverage is required by law in all states.

Property Damage Liability:
You are covered if you have caused damage to another person's vehicle or property. This coverage is required by law in all states.

Personal Injury Protection:
In those states that have "no-fault" insurance, this coverage will generally pay for medical benefits, lost wages and a death benefit in case of an accident involving your automobile, without regard to who caused the accident. This coverage is required in those states with "no fault" insurance laws but required limits and benefits vary by state.

Uninsured Motorist Coverage:
If you or a passenger is injured in an accident, this coverage will pay the medical bills, if the driver who hit you is not insured for Bodily Injury Liability. In some states, this coverage may also apply to damage to your vehicle if the driver causing the accident has no Property Damage Liability coverage.

Underinsured Motorist Coverage:
If you or a passenger is injured in an accident, this coverage will pay the medical bills, if the driver who hit you does not have sufficient Bodily Injury Liability Coverage. In some states, this coverage may also apply to damage to your vehicle if the driver who caused the accident has Property Damage Liability coverage that is less than your Underinsured Motorist Property Damage Coverage limit.

Hired Automobile Coverage:
Provides liability coverage for automobiles that your business leases, rents or borrows for business purposes. For example, your business might rent an additional delivery van for a week in order to catch up on a backlog of deliveries. This is an optional coverage.

Non-Owned Automobile Coverage:
Provides liability coverage for automobiles not owned, leased, hired or borrowed by your business but nevertheless used on behalf of your business. For example, your employee uses his or her personal automobile to make a sales call or a delivery on behalf of your business. This is an optional coverage.

Comprehensive Damage:
Provides coverage to your vehicle for damages other than by collision, including theft, vandalism, impact with birds or animals, explosion, fire, flood, windstorm and glass breakage. A broad range of deductibles can be selected for this coverage. This coverage is not required by law but is generally required by your lender if you have an outstanding loan on the vehicle.

Collision Damage:
Provides coverage to your vehicle for damage caused by collision with another vehicle or object. A broad range of deductibles can be selected for this coverage. This coverage is not required by law but is generally required by your lender if you have an outstanding loan on the vehicle Workers' Compensation coverage will take care of your obligation to provide medical and lost wage benefits to your employees.

WORKERS COMPENSATION:
Workers Compensation Insurance pays for medical care and physical rehabilitation of injured workers and helps to replace lost wages while they are unable to work. It may also provide benefits for dependents of those workers who are killed because of work-related accidents or illnesses.

BUSINESS AUTOMOBILE INSURANCE:
Business automobile policies cover the cars, vans, trucks and trailers used in your business. The coverage will reimburse you if your vehicles are damaged or stolen or if the driver injures a person or property. If your business owns a car or truck, or a fleet of vehicles, you need Commercial Automobile Insurance. Here are some of the coverages available, however, we recommend you come in and talk to us for more information and advice on what coverages will best fit your business.