You’ve worked hard to build your business into what it is today, yet a single lawsuit or disaster could wipe out your assets, putting your business deep into the red. Whether you are getting ready to open your doors for the first time or looking to expand to other locations, you cannot afford to be without the coverage you need to protect yourself, your employees, and your company’s assets. Protect your investment and your bottom line against liabilities and physical losses with affordable commercial insurance solutions customized to fit your needs and preferences.

Business Owners Policy (BOP Insurance)

Business Owners Policies – also known as BOP Insurance – are an appropriate starting point for many small to mid-size businesses with general risks. This type of policy features bundled coverage for general liability, property damages, and business interruption, although you can also enhance your BOP insurance with additional coverages. BOP insurance can simplify a business’s commercial insurance management and potentially lower the cost of coverage versus purchasing multiple policies.

Property Insurance

Storms and fires are just some of the perils that can threaten your shop and inventory. If the structure of your business and the things inside are damaged due to a covered event, property insurance can help you recover your losses.

Business Interruption

If your business is forced to shutter operations after a covered loss, business interruption insurance can help pay for your ongoing expenses until you can resume business as usual. This could include the cost of utilities, covering your payroll, and more.

Equipment Breakdown Insurance

Many businesses rely on heavy and expensive equipment to generate revenue. Although property insurance covers damages to this equipment due to covered external factors, how would you cover your losses if your equipment stopped working as a result of a malfunction or mechanical failure? From commercial refrigeration units to HVACs, production machinery, computers, and boilers, talk to an agent about adding equipment breakdown coverage to your commercial insurance portfolio.

Commercial Auto Insurance

If your business owns, leases, or hires out vehicles for commercial purposes, you need insurance to protect those vehicles and the drivers who operate them. You can purchase commercial auto insurance that protects you against physical damages and liability for a single vehicle or an entire fleet.

Workers Compensation Insurance

If you have employees that work for your business, you probably need workers compensation insurance. In fact, it may even be mandatory depending on your state’s laws. Workers compensation coverage pays for necessary medical care and lost wages when a worker is injured on the job. This coverage pays regardless of who is at-fault for the accident.

General Liability Insurance

If your business is sued, general liability insurance can help cover the cost of defending yourself in court. From parking lot injuries to slip-and fall accidents and more, you can typically depend on your general liability insurance to cover the cost of litigation, judgments, and out-of-court settlements up to the limits of your policy.

Commercial Umbrella Insurance

Even high limit general liability insurance is not always enough to cover a business’s financial responsibility after a lawsuit. Commercial umbrella insurance provides supplemental liability protection – usually worth millions of dollars – to pay excess damages after you exhaust the limits of your primary liability coverage. Having a commercial umbrella policy during a lawsuit could mean the difference between business as normal and bankruptcy.

Employment Practices Liability Insurance (EPLI)

This coverage can help protect you against financial responsibilities that occur when your business is accused of unfair employment practices. For charges of discrimination to unlawful hiring and firing, EPLI can help you defend yourself in court and cover the cost of financial liabilities up to the limits of your policy.

Employee Benefits

Company benefits could help your business better retain employees. An independent insurance agent can help you find competitive rates on group life insurance, health insurance, disability insurance, and more.

Professional Liability Insurance/Errors & Omissions Insurance

People who work in professional fields are subject to additional liability risks. If you make an error or mistake that results in a client’s injury or loss, you could be held liable for the damages. Professional liability and errors & omissions insurance can help protect accountants, lawyers, real estate agents, physicians, and other professionals against the risks of their field.

Other Types of Commercial Coverage

We recognize that many businesses operate in niche industries with unique risks. From inland marine insurance to cyber, product, food services, and environmental liability protection, there is no one-size-fits-all coverage. A dry cleaner will have different coverage needs than an electrical contractor. A web designer will face different risks than a restaurant owner. By working with an independent agent, you can custom-tailor your protection to minimize gaps and safeguard your assets, whether you operate a daycare, self-storage facility, fitness center, residential care facility, or some other unique business.

Several factors can affect your coverage needs and the cost of your premiums. Examples include:

  • Where your business is located
  • How long you have been in business
  • Where you conduct operations (onsite vs. offsite)
  • The number of vehicles your business owns
  • The number of employees working for you
  • Your gross revenue
  • Whether you own or lease the building your business operates from

Whether you already know the types of coverage your business needs or you need help finding the commercial insurance solutions that minimize your risk exposures, an independent insurance agent can help you find the protection you need to cover yourself, your employees, and your assets. For more information or to request your free quotes, contact our office today. We look forward to serving you soon.

Saving $200,000 on Workers Comp Claim

John Doe is a worker who was killed on the job in Ohio. He lives and works in Texas. Doe has no dependents and is unmarried. The laws in all jurisdictions are very specific when it comes to death bene... Read more