BUSINESS INSURANCE

Business owners aren't always aware of all the risks involved with doing business. You could benefit from an adviser to help you mitigate those risks?​

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General Liability

General liability insurance (GL), often referred to as business liability insurance is coverage that can protect you from a variety of claims including bodily injury, property damage, personal injury and others that can arise from your business operations. General liability insurance quotes usually include:

• Bodily injury and property damage liability

• Personal and advertising injury

• Medical payments

• Products completed operations

• Damage to premises rented to you

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Business Owners Policy Coverage

A business owners policy (BOP) contains two primary coverages:

Liability — The liability coverages available on a BOP are the same as those on a general liability policy. This includes protection against liabilities like customer injury and property damage, advertising injury, and product-related claims.  A BOP doesn’t cover your employees. You’ll need a separate workers’ compensation policy.

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Property — Provides coverage for commercial buildings and the movable property owned by and used for the business - referred to as business personal property. It can also pay for other things like debris removal, loss of income, and pollution cleanup as part of a covered loss.

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A BOP policy, like most other policies, has certain coverage exclusions that you should be aware of. If you need protection for something that isn’t covered, policy endorsements might be available to extend coverage.  For example, damage from earthquakes is typically excluded from a BOP. If you live in an area that’s prone to earthquakes, you might want to consider adding an endorsement to your policy to extend coverage. Ask about endorsement options when getting your quote.

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Worker's Compensation

Worker's compensation insurance serves two purposes: It assures that injured workers get medical care and compensation for a portion of the income they lose while they are unable to return to work and it usually protects employers from lawsuits by workers injured while working.

 

Errors and Omissions Insurance

Errors and omissions insurance, also known as E&O insurance and professional liability insurance, helps protect you from lawsuits claiming you made a mistake in your professional services. This insurance can help cover your court costs or settlements, which can be very costly for your business to pay on its own.

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Cyber Liability Insurance

What is cyber insurance? Cyber insurance generally covers your business' liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver's license numbers, and health records.

 

Directors and Officer’s Insurance

Directors and officers (D&O) liability insurance protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company.

 

Garage Keepers Coverage

Garagekeepers Coverage — coverage provided under a garage policy for auto and trailer dealers, particularly those dealers that maintain a service department or body shop, for liability exposures with respect to damage to a customer's auto or auto equipment that has been left in the dealer's care for service or repair, for example.