Insurance for Businesses
A Business Owners Policy also know as a BOP provides insurance coverage for the small to medium size “Main Street” type of companies. This type of policy will offer coverage for building, business personal property, liability and business interruption insurance , which will offer compensation for a certain time period for loss of earnings caused by a covered property loss. Liability protection covers your company's legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided
Unfortunately for every business owner, the chances of getting sued have dramatically increased over the years. General Liability insurance can protect your businesses and their owners in the event of legal suit brought on by a third party. This coverage will provide you defense coverage and will pay the claimant up to the policy limit of the policy if found liable.
Commercial Automobile Insurance will cover your business vehicle for liability and physical damage coverage. This policy will cover claims for bodily injury and property damage and can also provide protection personal injury, uninsured and underinsured motorist coverage along with hired car and non owned automobile coverage. You can also have coverage for comprehensive and collision coverage which will cover you for fire, theft, vandalism and collision to name a few.
Workers Compensation insurance provides insurance for a employee who is injured on the job.If you have an employee you are required to have Workers Compensation insurance. The injured employee will receive a percentage of his weekly wages along with medical payments, rehabilitation cost and other cost associated with the covered loss.
Cyber Liability/Network Security:
Cyber insurance policies will cover a variety of losses that occur as a result of business being done electronically. This can include the storing of data at ones location or can include selling of items over the internet to name a few. This insurance covers expenses for data breach such as notifying, legal expenses and credit monitoring to name a few.
Employment Practice Liability:
This coverage is a coverage that is overlooked these days and is one of the most needed in the industry.Employment Practice liability insurance provides employee protection for claims arising out of the alleged wrongful acts from employment hiring and firing. This can include sexual harassment, discrimination, wrongful termination and wage and hire just to name a few. Companies are seeing more and more of these claims being submitted these days.
Professional Liability/Errors & Omissions:
Professional Liability is designed to protect certain type of professional clients such as accountants, architects, attorneys, inspectors and engineers to name a few against liability arising out of errors or omissions that they might have made performing their professional services.
Flood Insurance will protect a policyholder against the loss of damage to property caused by a flood. A flood is a temporary overflow of a normally dry area due to overflow of a body of water, unusual buildup, runoff of surface waters, or abnormal erosion .
We understand the restaurant and hospitality industry and the challenges they face these days to keep the cost of insurance and at the same time offer the correct coverage's needed. To name a few coverage's: Liquor Liability, Food Spoilage, Business Interruption, Workers Compensation and Employment Practice. We can build a special program that will fit your overall needs