Small Business Insurance Coverage

Commercial insurance coverage is designed to help protect business owners from financial loss associated with liability claims, injured employees, damaged property, and more. A policy should help secure business and personal assets such as income and business property. Learn more about each line of insurance below.

BUSINESS INSURANCE LINES OF COVERAGE:

• General Liability Insurance

• General liability coverage protects your business from claims from your customers, including property damage, bodily injury claims, and personal or advertising injury. Examples include a customer who slip on a wet floor in your building and sues for medical expenses, or accidental damage done to a customer's property. General liability insurance provides coverage including:

  • Bodily injury or property damage
  • Medical payments
  • Damage to premises rented to your business
  • Reputational harm
  • Advertising Errors
• Business Owners Policy (BOP)
• Suspendisse sit amet elit lacinia, feugiat magna at, luctus massa. Aliquam sodales dictum nulla. consectetur adipiscing elit.
• Professional Liability Insurance (E&O)
• Suspendisse sit amet elit lacinia, feugiat magna at, luctus massa. Aliquam sodales dictum nulla. consectetur adipiscing elit.
• Workers' Compensation Insurance
• Suspendisse sit amet elit lacinia, feugiat magna at, luctus massa. Aliquam sodales dictum nulla. consectetur adipiscing elit.
• Business Property Insurance
• Suspendisse sit amet elit lacinia, feugiat magna at, luctus massa. Aliquam sodales dictum nulla. consectetur adipiscing elit.
• Inland Marine Insurance
• Suspendisse sit amet elit lacinia, feugiat magna at, luctus massa. Aliquam sodales dictum nulla. consectetur adipiscing elit.

+General Liability Insurance

General liability coverage protects your business from claims from your customers, including property damage, bodily injury claims, and personal or advertising injury. Examples include a customer who slip on a wet floor in your building and sues for medical expenses, or accidental damage done to a customer's property. General liability insurance provides coverage including:

• Bodily injury or property damage
• Medical payments
• Damage to premises rented to your business
• Reputational harm
• Advertising Errors

+Business Owners Policy (BOP)

A Business Owners Policy combines elements of business liability, commercial property, and other coverage types into one simple and convenient policy. BOP’s are specifically tailored for common types of small businesses with similar risks. Therefore, they may vary based on each industries common coverage needs. Most Business Owners Polices can be tailored to increase coverage amounts and add additional lines of coverage such as data breach, business income coverage and other specialized coverages to the BOP policy.

+Professional Liability Insurance (E&O)

Professional liability coverage is designed for businesses that provide technical services to give expert advice to its customers. Professional liability does not replace general liability coverage, but it does provide additional coverages beyond general liability because it covers negligence or professional mistakes. This coverage will help defend business owners against lawsuits and may also help pay damages from any civil lawsuits.

+Workers' Compensation Insurance

Workers' compensation coverage pays for lost wages and medical costs associated with injured or disabled employees. It also provides protection against employee lawsuits related to workplace injuries. Workers compensation claims are one of the most common types of small business insurance claims and is legally required in most states.

+Business Property Insurance

Commercial property coverage help protects against loss or damage to owned or leased buildings as well as any business personal property. This may include inventory, furniture, computers, tools and equipment. Additional coverage may be available for lost income, valuable papers and additional expenses.

+Inland Marine Insurance

Inland marine coverage is a special type of property insurance. It differs from standard property insurance because the covered property is either being transported regularly for work purposes or it is a highly specialized type of property.

Examples include construction equipment and trailers, camera equipment, musical equipment, mobile medical equipment and fine arts.

+Commercial Auto Insurance

Business auto coverage helps protect your business from he financial costs of an auto accident involving owners and employees. It may pay for property damage of cover medical expenses. Business owners who have employees that utilize their own vehicles for any related business purpose are advised to purchase Hired and Non-Owned Auto coverage. This type of coverage protects the business when the employees’ auto coverage is not sufficient to cover the cost of a claim.

+Data Breach & Cyber Liability

Data breach helps protect a business when it is a victim of a cyber attach or security breach. A policy will cover costs associated with legal liability, required notifications, identity protection and public image efforts after a breach has occurred. Data breach is becoming a critical coverage for business owners that service customers over the Internet.

+Commercial Umbrella Insurance

Commercial umbrella coverage provides business owners with an additional layer of protection over one or more underlying insurance policy. Umbrella coverage may be utilized when the cost of an insurance claim exceeds the limits of the business' underlying primary insurance policy.

+Employment Practices Liability (EPLI)

An EPLI policy can provide protection for business owners, officers, directors and employees when another employee claims their rights have been violated in the workplace. Coverage may respond to lawsuits that include:

• Discrimination
• Wrongful discipline or termination
• Harassment
• Contract breach
• Privacy invasion
• Wage & hour violations
• Retaliation
• And more

+Surety and Fidelity Bonds

Commercial surety bonds are often required by various regulative authorities and help guarantee the performance of an obligation made by a business. Bonds may be required for licenses and permits, construction bids or payments, and non-construction performance guarantees.

Commercial fidelity bonds protect business assets from fraud, dishonesty, or theft. Coverage may be required or needed for retirement plans, employee theft or employee dishonesty. This type of bond may be good for service organizations such as cleaning companies, house sitters, accounting firms, and contractors.

+Home-Based Business Insurance

Homeowners insurance typically does not provide additional protection for home-based businesses. A Business Owners Policy is often the most affordable way to add important liability and property coverage to help protect assets or inventory associated with a home-based business.