Running a business in today’s economy is a challenge. Although keeping up with day-to-day operations takes up most of your time, you also must take all necessary precautions to safeguard your business from loss and manage overall costs. . One of the keys to maintain the costs is to secure your business with a insurance policy.
Whether you own a convenience store or run an office, we are here to help you find the best and affordable coverage to meet your needs. Our many products and coverage can be tailored to meet your business insurance needs. We take the guesswork out of buying insurance and provide you with the best solutions customized specifically for you. The companies we work with offer following products:
Property insurance insures against loss or damage to the location of the business and its contents. It can also insure the property of others in your control when the loss occurs. Property insurance can be for a specific risk. For example, a fire insurance policy insures only against a fire loss to the location. A tornado is not a fire and, therefore, that loss would not be covered. The insured location can be owned, leased or rented.
Some insurers will lump property and casualty insurance together and refer to the coverage as property and casualty insurance. Casualty insurance insures against loss or damage to the business.
Liability insurance insures against liability legally imposed upon your business because of the negligence of the business or its employees.
If your business uses vehicles or anything that is required to be titled by your state, then you need a commercial auto policy. Commercial auto coverage insures against property damage to vehicles and damage caused to others by those vehicles.
You will need to insure your employees against on-the-job injuries. Every state is different. But, most states have put into place some form of workers’ compensation system. Workers’ compensation is a system where the employee is not allowed, by statute, to sue their employer for on-the-job injuries; but, in return, the employer must participate in a system that provides nearly automatic payment to the employee in case of injury for medical bills and damages
An umbrella insurance policy supplements your existing general liability, auto liability and employer’s liability limits. Sometimes accidents happen, but are not covered by your existing business insurance programs, with umbrella insurance you have coverage. If there is huge accident and the damages are above the limits instead of paying out of pocket we can cover you.