BUSINESS/COMMERCIAL INSURANCE

Business/Commercial insurance offerings protect businesses, including business owners and their employees. Because every business is different, there is no one-size-fits-all insurance policy for small business owners. Business/Commercial insurance helps protect businesses from financial losses caused by risks to their property and income. Covered risks can include things like theft, damage, and lawsuits. Insurance for businesses can even cover injured workers’ lost wages and provide access to programs to help them get back to work. Commercial insurance policies also help protect businesses from financial losses resulting from liability claims.

Commercial Package Policies can include:

• Commercial Auto Insurance: Business Vehicle Insurance covers vehicles owned and operated by your business.
• Commercial Property Insurance: Property Insurance covers damage to or destruction of buildings, equipment, inventory and more.
• Commercial General Liability Insurance: General Liability Insurance protects you if someone is injured at your business or injured using your product or service.
• Commercial Inland Marine Coverage: Inland Marine Insurance protects the business scheduled equipment you own that is being utilized on a job, moving, moveable, or in storage.
• Commercial Umbrella/Excess Liability Coverage: A business umbrella policy picks up where your business liability coverage stops. It can help by providing increased limits of financial protection to your business from unexpected risks. And it’s very affordable.
• Workers Compensation: Coverage for an employee’s medical expenses, lost wages and rehabilitation services that result from a workplace injury or illness.

Small businesses can opt for a business owners policy (BOP), which combines commercial property insurance, general liability insurance, crime insurance and other cover ages into one convenient package. Other business insurance policies can include other optional insurance such as business interruption insurance, equipment breakdown insurance, business income & extra expense to name a few examples. Additionally, surety or fidelity bonds are available which help ensure that contractors stick to the terms of a construction contract and/or follow governmental rules and regulations, as well as protect against losses stemming from a court decision or employee theft.