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Business Insurance

Business Owners Policy

If you own a business, you need a Business Owners Policy or General Liability policy.  There are many reasons why you may want coverage.  One really great reason is that when you own a business and sell products or provide service, you can be sued even if you feel you didn't do anything wrong.  Going to court can be very costly.  Other reasons are damage to your business property or even theft.  Without your business property your business, in most cases, cannot operate properly.  This can range from your point of sale system to your tools and even everyday basics like paper.  

Workers Compensation

Workers' Compensation is a type of coverage that employers must provide to their employees.  Ths cost of workers' compensation insurance is paid entirely by the employer and may not be deducted from an employee's wages.  You must have workers' compensation coverage in place prior to or beginning on the first day of the first workers' employment. Your employees are entitled to reasonable and necessary medical treatment of conpensable injuries or occupational diseases.  Proof of your coverage should be displayed in an area of your business where your employees can know what is required of them if there is a potential claim.  These notices come in many different languages. 

Directors & Officers Liability

This coverage is there to protect your board members (whether paid or volunteer) from liability suits that arise from their position held.  This type of coverage is always important to protect your board members from issues with decisions made or answers provided on behalf of the board.  This can be important from the smallest to the largest businesses even volunteer boards, for example, a Chamber of Commerce. 

Cyber Liability

 Cyber Liability: This type of coverage is provided for business conducted over the Internet, other networks or using electronic storage technology.  Insurance can be bought for losses against both the first- and third-party risks. 1st party coverage is when your own information is breached and 3rd party liability is when your clients’ information is breached.  

Employment Practices

 Employment Practices Liability: EPLI Coverage  is for liability resulting from employment practices.  Pracitces including wrongful termination, discrimination,invasion of privacy, false imprisonment, breach of contract, emotional distress, wage and hour law violations and sexual harassment to name a few.

Additional Insured Clause

 Additional insured clauses: This is coverage  associated with the liability portion of the policy.  Other individuals/groups that were not initially named as a named insured on the policy, that may have a financial interest in the business.  Once added to the policy, the additional insured will then be protected under the named insurer’s policy and can file a claim if they are sued.  

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Hired and Non-Owned

 Hired and non-owned: Provides coverage for bodily injury and/or property damage caused by a vehicle you rent or borrow or caused by a non-owned vehicle such as an employees vehicle.    

Employee Benefit Liability

 Employee Benefits Liability: Provides coverage for an employer for an error or omission in the administration of an employee benefit program, such as failure to advise employees of benefit programs.  

Medical Expenses

 Medical Expenses: The minimum coverage is $5,000.  This can be increased, however, it depends on the carrier.