The most common types of commercial insurance are property, liability and workers’ compensation.
In general, property insurance covers your business property; liability insurance covers third parties; and workers’ compensation covers on-the-job injuries to your employees.
As a successful business person you know that maintaining your company’s success and growth is a full-time job. Margins are tight, competition is tough, and processes keep on getting more complicated. Fortunately, you don’t have to be an expert on insurance to choose what’s right for your business, your employees and yourself. We work with business owners every day to customize an insurance policy that offers comprehensive coverage in the event of a business loss.
Who We Insure
Insurance coverage can be tailored to your specific type of business. Click here to find that your industry is among the many types we insure.
A comprehensive commercial insurance package typically includes coverage for the following risks.
Commercial Building – Covers real property used in the operation of your business, including permanently installed machinery and equipment.
Business Income and Extra Expense – Covers actual loss sustained, including payroll expenses, due to the interruption of your business operation.
Liability – Covers bodily injury and property damage.
Business Personal Property – Covers personally owned property used in, on or near the premises of your business.
Inland Marine – Covers business personal property when in transit or used off the premises.
Workers Compensation – Covers on the job injuries to your employees.
Additional Endorsements – Coverage in excess of normal policies can also be added to insure the smooth operation of your business. Your agent can help you determine from a long list of variables what your business would want or need to insure. Click on Endorsements for a sampling of the kinds of coverage you might want to add.
Umbrella Policy – Operating a business today involves the exposure to risks of loss by a third-party interest. This is a major concern due to the prevalence of lawsuits and the trend of juries to levy excessive monetary awards. A sizable liability could have a huge adverse financial impact on your business. Commercial umbrella liability insurance provides a safeguard against such excessive awards to a third-party interest.
Contact us today to speak with a knowledgeable agent about the types and amounts of insurance your company needs.