FAQ COMMERCIAL INSURANCE SECTION
What is a Business Owners Policy?
A business owners policy is a combination of a few key insurance coverages, including general liability insurance, commercial property insurance, business interruption insurance, and cyber liability insurance. Most insurers will offer discounts when combining multiple coverages into one package. Let our experts provide a quote for a bundled package so you can weigh your options.
WHAT IS GENERAL LIABILITY?
Many businesses across different industries are exposed to a variety of common risks. General liability insurance is a broad liability insurance policy that safeguards businesses from several risks at once. Broadly speaking, policies offer protection from claims and lawsuits filed by third parties over covered incidents.
WHATI IS PROFESSIONAL LIABILITY?
Those employed in professional roles are generally expected to apply their expertise correctly, and they may be held financially responsible should they fail to do so. Professional liability insurance policies are specialized commercial liability policies. As a form of liability protection, these policies typically cover legal costs, settlements and some other expenses that arise from covered lawsuits and claims.
What is Commercial Auto?
Businesses that own vehicles generally need to insure those vehicles. Commercial auto insurance is a form of auto insurance that’s made for businesses, rather than individuals. Policies are written with the risks that businesses face and the coverages they need for their unique risk.
What is Commercial Property Insurance ?
Businesses that own property have a lot invested in their land and buildings, and those assets should be protected. Commercial property insurance offers protection against a variety of perils for property that businesses own. Most commercial property policies have business personal property coverage that may insure furniture, electronics, moveable equipment, and other items.
What is Workers' COMP?
Thousands of employees contract work-related illnesses and sustain work-related injuries every year, and many of these illnesses and injuries are significant. Many require medical treatment, and some prove to be fatal. Workers’ compensation insurance is a form of insurance that helps both employees who suffer work-related illnesses or injuries, and their employers. Employers can often be held responsible for illnesses and injuries that employees suffer while on the job. In many cases, an employer may be asked to both cover an employee’s medical bills and provide compensation for the employee’s lost wages. Workers’ compensation insurance helps businesses prepare for this potential risk. The insurance offers coverage for employees who become ill or injured while at work, usually covering both medical bills and a portion of wages that are lost due to the illness or injury.