Commercial Insurance

Typically, a commercial insurance policy covers a range of risks of a business, such as:

• Property – protection for physical assets, including buildings, equipment, inventory, and furnishings, against perils like theft, vandalism, fire, and natural disasters.
• Liability – protection against legal claims for bodily injury, property damage, or personal injury resulting from business operations, including legal expenses and settlements.
• Commerical Auto – protection for vehicles used for business operations, including liability, physical damage, and injuries to employees or third parties in case of accidents.
• Worker’s Compensation – coverage for medical expenses, wage replacement, and rehabilitation for employees who are injured or become ill while on the job, typically required by law.
• Commercial Umbrella – additional liability protection beyond primary insurance policies, offering higher coverage limits for costly legal claims or lawsuits.

Typically, business auto coverage extends to:

• Employees – driving company-owned vehicles for business purposes.
• Named Insured – the business itself is considered the primary insured entity, covering business-owned vehicles and any employees driving them.
• Permissive Users – individuals who have permission to use a business-owned vehicle for business purposes, even if they are not employees.
• Non-Owned Auto Coverage – optional coverage that can extend protection to vehicles not owned by the business but used for business purposes, such as employee- owned vehicles used for work-related tasks.

Owners and business principals are typically not automatically covered under a worker’s compensation policy, as they are usually considered business owners and not employees. However, in some states and circumstances, if you are a business owner, you may have the option to include yourself in the worker’s compensation coverage.

We can help you check the state’s worker’s compensation authority and determine the specific requirements and options available to you as a business owner.

A typical business insurance policy provides coverage for your business’s physical assets, such as buildings, equipment, and inventory, protecting against perils like fire and theft.

It also includes liability coverage for legal claims, covers losses in the event of business interruption, and can be customized with additional coverage options like cyber liability, workers’ compensation, and more to address specific risks in your industry and operations.

We can help you to determine the exact coverage you need to suit your business’s unique needs.

Business insurance is a critical tool to help protect your business, comply with legal requirements, and ensure financial stability in case you face unexpected events or liabilities. It can help you avoid potential fines and legal penalties as well as protect your business from severe financial losses. It offers you peace of mind, allowing you to focus on running your business without worrying about unforeseen financial setbacks.