Business & Commercial Insurance Information

Commercial Auto

As a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel -- liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the "principal insured" rather than your name. This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you.

Whether you need to buy a business auto insurance policy will depend on the kind of driving you do. A good insurance agent will ask you many details about how you use vehicles in your business, who will be driving them and whether employees, if you have them, are likely to be driving their own cars for your business.

While the major coverages are the same, a business auto policy differs from a personal auto policy in many technical respects. Ask your insurance agent to explain all the differences and options.

General Liability

If you have a personal umbrella liability policy, there's generally an exclusion for business-related liability. Make sure you have sufficient auto liability coverage.

Unfortunately for every business owner, the chances of getting sued have dramatically increased in the last decade. General Liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your business is ever sued or held legally responsible for some injury or damage.

General Liability pays losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations.

Broad Range of General Liability Protection

• Bodily Injury, including the cost of care, the loss of services, and the restitution for any death that results from injury
• Property Damage coverage for the physical damage to property of others or the loss of use of that property
• Products-Completed Operations provides liability protection (damages and legal expenses up to your policy's limit) if an injury ever resulted from something your company made or service your company provided
• Products Liability is a more specialized product liability insurance that protects your company against lawsuits from product-related injury or accidents
• Contractual Liability extends to any liability you may assume by entering into a variety of contracts
• Other coverage includes: Reasonable Use of Force; Borrowed Equipment; Liquor Liability; Non-Owned Vehicles (such as aircraft and watercraft); Fire, Lightning or Explosion Damage; Water Damage Liability Protection; Legal Defense Costs; Medical Payments; Personal Injury; Advertising Injury; and specialized liability protection for specific business types

Workers Compensation

Workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.

Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. Workers Compensation Insurance is not health insurance. Workers Compensation is designed specifically for injuries sustained on the job.

In most states, if you have employees, you are required to carry Workers Compensation coverage. Even in non-mandatory states, it can be a very good idea, particularly if you have many employees, or if they are engaged in hazardous activities.

Do I need workers compensation insurance?

Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken.

To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, businesses are required to buy workers compensation insurance. Workers compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.

Workers compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.

Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.

Workers compensation insurance must be bought as a separate policy. Although in-home business and business owners policies (BOPs) are sold as package policies, they don't include coverage for workers' injuries.

Obligation-Free Commercial Insurance Consultations

Our consultation service is obligation-free, which means we won’t pressure you to accept any plan or policy. We want you to know that understanding the full scope of your coverage options is only ever a phone call away. 

Contact us today to find out how we can be your partners in your business’ success.

Comprehensive Insurance for Business Owners

Every business is different. And we’re dedicated to getting to know yours. We’ll take the time to understand the specific risk factors you may face. Then, our knowledgeable professionals will recommend the right business insurance policy for you.

We offer all the following.

Commercial Liability Insurance

Basic Protection

We recommend this broad-based policy as the primary protection for businesses. It covers general business liability risks. Even a small accident can result in serious financial risks for any business. Commercial liability insurance offers protection against potential liability claims.

Other Business Insurance Options

Business Interruption Insurance

We can all imagine sudden events such as disasters and losses that can shut a business down. Such events can force permanent closures. Helping to cover business income loss, this type of insurance allows you a much better chance of recovery.

Product Liability Insurance

Does your business make or sell products either in a store or online? If so, this type of insurance covers you against losses that may occur as part of your business activities.

Cyber Risk and Data Breach Coverage

These recent threats have become all too common. Data breaches and cyber threats can have serious consequences for businesses. This insurance offers protection against these invasive threats.

Professional Liability Insurance

Lawsuits can be expensive and can threaten your reputation. This is especially relevant for businesses that provide professional, creative, or digital services. This insurance helps deal with potential lawsuits.

Our Commercial Business Insurance Claims Process

We always encourage you to file your claim as soon as possible. We also recommend timely filing if another person claims injury or damage due to your actions or negligence.

Your assigned representative can provide accurate information about your specific situation.

Our claims process is simple and straightforward. Should you need assistance, our claim specialists are available to provide you with all the help you need, just give us a call.

Affordable Business Insurance Company

Since we have extensive experience with business owners, we understand the importance of providing optimum value for the premiums you pay. Our insurance policies and plans aim to deliver maximum benefit for business owners. You can rely on our expertise to formulate an affordable plan tailored to your specific business needs.