Business & Commercial Insurance

Insuring a business requires thought and attention to detail. There are numerous liabilities that are endemic to any commercial operation, not to mention the multitude of specialty risks that might threaten businesses in specific industries. You want to design your business insurance so that it will help you weather the financial challenges that might arise from any number of unique hazards.

However, the thing about business insurance is that it isn’t a single policy. You therefore will need several different types of policies in order to achieve comprehensive coverage. We’re commercial insurance experts who know how to help you customize, package and manage your benefits in the ways that are most convenient and affordable to you.

Business insurance is a guarantee of financial security that every business owner deserves. They serve numerous purposes, including:

• Helping you afford the costs of property damage from a variety of hazards.
• Keep the business solvent and the bills paid even when a problem triggers a halt in operations.
• Enabling you to address lawsuits or other challenges from customers who claim you harm them.
• Providing your employees with the protection they need to do their jobs confidently.
• Reassuring your customers that you can perform your duties and ensuring that your company’s reputation remains intact.

All in all, it’s there to make sure that your business can address challenges as they arise, but without putting yourself in an untenable financial position.

Because there are so many types of business insurance, you will need to combine them in different manners to optimize your package to your advantage. Plans that you will likely need include:

· Property Insurance: If something damages physical property – such as your building or possessions - then this coverage can help you repair or replace them.
· General Liability Insurance: This covers the business in the event it causes property damage or bodily injuries to another party, such as a client or vendor.
· Business Interruption Insurance: This helps you pay the bills if you must temporarily close after a damaging accident.
· Commercial Auto Insurance: When the company owns vehicles, this coverage will provide the requisite physical damage, liability and other benefits to help the company afford the costs of wrecks or other vehicle hazards.
· Workers Compensation Insurance: If an employee gets hurt on the job, they are often eligible for workers compensation coverage. It will provide them supplementary income during their recovery.
· Errors & Omissions Insurance: Professional advice or mistakes could cause clients a financial loss. This coverage can compensate them on behalf of the business.
· Surety Bonds: If you are contractually obligated to certain clients, then bonds will guarantee them that you will repay them if you cannot meet your obligations.

Of course, there are numerous other policies available designed to protect you against specific risks and liabilities. These include:

· Inland Marine Insurance
· Employment Practices Liability Insurance (EPLI)
· Products/Completed Operations Liability Insurance
· Cyber Liability Insurance
· Umbrella Liability Insurance
· Hired/Non-owned Auto Liability Coverage

Depending on your location and industry regulations, you might be required to purchase several different types of coverage. Commonly required benefits are:

• Workers compensation insurance
• General liability insurance
• Commercial auto insurance
• Surety bonds
• Errors & omissions insurance

If you are a small business owner, then our premium business owners policy (BOP) options are the solutions that can guarantee you both the affordability and the coordinated benefits that you deserve in your insurance solutions. BOPs contain essential coverage—property, liability, business interruption—that is customized to fit the needs of a small operation. But they are still customizable to the needs of the business owner.