You've invested a lot of time and money in your small business, so it makes sense to protect that investment with smart insurance coverage. In fact, business insurance should be an essential part of your business operations - a necessity for safeguarding your business assets, your employees and your livelihood.
Your business is one of the most important things in your life. Having the proper business insurance is an absolute necessity. If your business is not properly insured it could lead to major headaches down the road. We offer a wide range of business and commercial insurance including;
General Liability Insurances
Helps protect your business from the financial costs of property damage, bodily injury, personal, medical expenses, and the cost of defending against a lawsuit.
Product Liability Insurance
If you deal with a product - whether it's manufacturing, retailing, wholesaling, or just distributing it - you may be responsible for keeping it (and people in the area around it) safe. The amount required depends mainly on the products involved - the larger and/or heavier the products are, the more coverage is needed.
Professional Liability Insurance
Similarly, if you provide any kind of professional service, you need a coverage to protect your business against malpractice, errors, and negligence in provision of services to your customers. Depending on your profession, you may be required by your state government to carry such a policy
Commercial Property Insurance
If your small business owns any kind of physical property. This Insurance covers everything related to the loss and damage against a wide variety of natural and man-made forms. If your business is particularly vulnerable to a certain type of damage (flooding, vandalism, etc.), you may need additional coverage for that specific problem.
If you run your business from home, for example, your homeowners insurance policy typically offers limited or no coverage for business-related property, such as supplies, tools or customers' items stored for repair, or for business-related liability. You may need to purchase additional coverage separately, or as an extension of your existing plan.
Workers' compensation insurance
If you have employees, most states require workers’ comp. Worker’s compensation provides insurance to employees who are injured on the job. This type of insurance provides wage replacement and medical benefits to those who are injured while working. In exchange for these benefits, the employee gives up his rights to sue his employer for the incident. As a business owner, it is very important to have worker’s compensation insurance because it protects yourself and your company from legal complications. State laws will vary, but all require you to have workers compensation if you have W2 employees. Penalties for non-compliance can be very stiff.
Commercial auto insurance
If you or your employees use a vehicle for work, consider adding commercial auto to your insurance policy. You can protect vehicles that carry employees, products or equipment. If you do not have company vehicles, but employees drive their own cars on company business you should have non-owned auto liability to protect the company in case the employee does not have insurance or has inadequate coverage. This coverage helps cover costs arising from a covered work-related auto accident.
Business owner's policies
Combine property and general liability coverage. (Manufacturers and most construction companies are ineligible for BOPs, however.) Business owner's coverage is usually available to companies with up to $3 million in revenue, though sometimes larger companies can get it. It's less expensive than buying separate policies, and insurers usually throw in other coverage, such as business interruption.
Employment practice liability insurance
A relatively new coverage that's widely recommended. The fact is, behaving decently to employees sometimes isn't enough to avoid a lawsuit these days. The median jury award in employment suits has grown by half in the past decade, but the big exposure is the cost of your legal defense. National Federation of Independent Business, urges this coverage for companies with enough employees to be subject to state or federal civil rights laws.
Don't leave your business unprotected. Whether you know exactly what you’re looking for or require some assistance figuring out the type of coverage you need, our specialists are here to assist you