Whether you are a one man operation or you are big enough to have employees that you are yet to meet
, you have the same need to make sure that your day-to-day operations have as little disruption as possible.
That is where we can help.
From business liability, to business property, to workers compensation, to your business auto
, we can create a comprehensive policy to make an interruption in your operation is not a devastating occurrence.
A commercial automobile insurance policy is required under most circumstances when the vehicle
is used for business purposes and meets certain other requirements.
It is not just the registration that determines the requirement for a business automobile insurance policy.
Other requirements are ownership by a corporation, use in hauling goods for hire, and gross vehicle weight of the vehicle.
Some small trucks can be owned and insured under a personal automobile insurance policy under specific circumstances.
BOP (Business Owners Package)
Business Owners Package policy, commonly called a "BOP" contains many of the insurance coverages needed by most small businesses.
While these policies are not standard, there is great variation from insurance company to insurance company; there are certain common elements.
The basic BOP offers business property both building and contents, and liability insurance protection for the operation of your business.
This liability protection will generally include both the operation of your business, at its established location
, and the liability from your products or completed operations.
Some, but not all of the policies, will also offer business income and extra expense protection after an insured loss.
BOP policies do not contain all of the coverages needed by a small business.
If your business suffers a property loss it could cause the business to slow or close down while repairs are made.
This may mean a complete or partial revenue loss depending on the time frame and the damage.
From the time the loss occurs until your business is running again, insurance can replace your lost profits
, and provide a source of money to pay your necessary continuing expenses, like rent, payroll, taxes, etc.
Most package policies provide a liability insurance limit of $1 million for any one loss and $2 million in any one year.
For many businesses, this limit is inadequate for real economic security.
As a result, additional layers of protection in million-dollar increments are readily available in today's insurance market for most businesses.
Employment Practices Liability (EPLI)
Employment Practices Liability Insurance otherwise known as EPLI is insurance that helps protect you
against claims from your employees that result from the general conduct of your business.
Common examples of employee related claims include claims relating to:
- Wrongful Discharge
- Sexual Harassment
- Hostile Working Environment
- Wrongful Termination
- Lack of Advancement
Property / Liability
The general or public liability policy provides protection for claims of liability that are made by third parties.
The policy provides defense protection even if the allegations are groundless.
In addition the policy will pay any judgment up to the policy limit of coverage.
Workers Compensation insurance protects employers from claims resulting from injuries to employees.
It protects your business from lawsuits and provides employees with compensation for on-the-job injuries.
By law, most employers are required to provide coverage for lost wages and medical bills incurred as
a result of on-the-job accidents or illnesses.
For many businesses, this coverage is the largest part of its insurance expense.