No matter the size of your business, we offer comprehensive coverage to meet your needs. Our general liability coverage policy is designed to protect your assets effectively. We are here to assist you in making an informed decision that instills confidence and provides security for your business.
Each business is unique, and their insurance needs and policies are no exception. General liability coverage is designed to safeguard businesses from third-party injury or damage. While most policies cover similar liabilities and situations, it’s crucial to customize the policy to align with contractual requirements and the specific risks associated with your business. Moreover, policy prices are influenced by factors like the size and type of your business. Our goal is to provide tailored coverage that meets your business’s distinct requirements while offering competitive pricing. Trust us to help you make an informed decision that secures your business with confidence.
Liabilities and scenarios covered include:
Bodily injury and property damage liability -This coverage option protects your business against injuries or property damage sustained by non-employees on your premises. It provides financial assistance for third-party claims resulting from incidents that occur within your business location. It’s important to note that employee-related claims fall under the purview of worker’s compensation, which is a separate type of coverage. By understanding and addressing these distinct coverage needs, you can ensure comprehensive protection for your business and mitigate potential liabilities.
Commercial auto insurance – Commercial auto insurance safeguards businesses’ cars, trucks, motorcycles, and other vehicles, offering financial protection for physical damage, bodily injury, and liabilities arising from traffic collisions. It is specifically designed to cover vehicles owned or used by the business. This comprehensive policy can also provide financial protection against vehicle theft and damage not caused by collisions. By obtaining commercial auto insurance, businesses can mitigate the financial risks associated with accidents and protect their assets on the road.
Directors and officer’s liability -this option covers legal costs involved with lawsuits filed against the director or officer of a non-profit organization or corporation.
Errors and Omissions (E&O) -This option provides coverage for unintentional errors made during business operations that are not a result of intentional actions or poor decision-making. It includes mistakes such as incorrect paperwork filing or missing notarization. By having this coverage, businesses can protect themselves financially from the potential consequences of these types of errors.
Malpractice insurance -This option provides coverage for professionals such as accountants, architects, dentists, doctors, real estate agents, and others. It protects against losses resulting from injury to third parties and covers defense costs, judgments, or settlements that may arise from conduct falling below industry standards of care. With this coverage, professionals can safeguard themselves financially against potential liabilities and legal expenses.
Medical payments -This option provides coverage for injury or funeral-related costs incurred by non-employee third parties due to injury or death for which your business is responsible. The coverage limit can be determined by the policyholder without any minimum requirement. However, it is important to carefully consider the limit to ensure sufficient coverage is in place and to avoid unexpected expenses.
Personal and advertising injury – This option provides coverage for damage to your business’s reputation, including situations such as copyright infringement, slander, and libel. It safeguards your business against potential legal and financial consequences resulting from these issues.
Products -Completed operations coverage protects the policyholder from liability arising from illness or injury caused by their company’s distributed, sold, or produced products. It also provides protection against liability for faulty workmanship that occurs after completing contracted work. This coverage ensures that the policyholder is safeguarded from potential legal claims and associated expenses.
Worker’s compensation – Worker’s compensation is a type of insurance that offers wage replacement and medical benefits to employees who sustain injuries while on the job. In return for these benefits, employees are required to give up their right to sue their employer for negligence-related claims. This coverage provides financial protection for both employers and employees, ensuring that injured workers receive necessary support and relieving employers from potential legal liability.
It’s important to consider additional coverage needs that may require separate policies to address specific factors. These may include worker’s compensation for commercial automobiles, coverage for employee injuries or property damage, professional liability, and protection for owned property. To ensure comprehensive coverage, it is advisable to discuss these requirements with your insurance broker.
What is Commercial Insurance?
Commercial insurance is vital for businesses as it protects them from unexpected events and minimizes financial risks. It includes different coverages that help business owners safeguard their investments and ensure uninterrupted operations. Whether it’s the death of a partner, an employee getting injured, facing a lawsuit, or dealing with a natural disaster, business insurance acts as a safety net, reducing the impact of these events on the company’s financial well-being. By obtaining the right insurance coverage, businesses can proactively manage risks and focus on their core operations confidently.