Commercial Auto Insurance:
Commercial auto insurance is a type of insurance that provides coverage for vehicles used for business purposes. It is designed to protect businesses from financial loss in the event of an accident, theft, or damage involving company-owned or -leased vehicles.
Unlike personal auto insurance, which covers vehicles used primarily for personal purposes, commercial auto insurance covers vehicles that are used to transport goods, carry employees, or conduct business operations. This can include delivery trucks, vans, company cars, or any other vehicle owned or leased by a business.
Commercial Property:
Commercial property insurance is a type of insurance that provides coverage for a business’s physical assets, including buildings, equipment, inventory, and other property, against risks like fire, theft, vandalism, or natural disasters. It protects the business from financial losses caused by damage to or loss of physical property used in day-to-day operations.
Worker Compensation
Workers' compensation insurance is a type of insurance that provides financial protection for employees who are injured or become ill as a result of their work. It covers medical expenses, lost wages, rehabilitation costs, and sometimes even death benefits, ensuring that employees receive compensation for work-related injuries or illnesses.
This insurance also protects employers by limiting their liability in case an employee is injured on the job. Instead of the employee suing the employer for damages, workers' compensation typically covers the expenses, and in return, the employee cannot file a lawsuit for negligence.
General Liability
Business General Liability Insurance is a type of insurance that protects businesses from financial losses resulting from third-party claims of bodily injury, property damage, or advertising mistakes. It is essential for businesses of all sizes, as it covers a wide range of potential risks that could arise during normal business operations.
Professional Liability:
Professional Liability Insurance (also known as Errors and Omissions Insurance or E&O Insurance) is a type of insurance that protects professionals and businesses from claims of negligence, errors, or omissions that arise while providing professional services. It covers legal defense costs and any settlements or judgments if a client claims that the service provided was inadequate, failed to meet expectations, or caused harm or financial loss.
Group Health
Group Health Insurance for Employers is a type of health insurance coverage that an employer offers to its employees as a benefit. Unlike individual health insurance policies, group health insurance provides coverage for a group of people, typically the employer's employees and their dependents, under a single policy. Employers generally offer this type of coverage as a way to provide affordable healthcare options to their workforce.
Group Life Insurance
Group Life Insurance for Employers is a type of life insurance coverage provided by an employer to its employees as a benefit. This policy typically covers all eligible employees under a single contract and offers a lump-sum death benefit to the beneficiaries of employees who pass away during the policy period. Group life insurance is often offered as part of an overall benefits package, and the employer may fully or partially cover the cost of premiums.
Commercial Bonds:
Commercial bonds are a type of surety bond that businesses may need to obtain to ensure they fulfill certain obligations or comply with regulations. These bonds provide a financial guarantee that a business will meet the terms of a contract, pay taxes, or adhere to legal requirements. If the business fails to do so, the bond ensures that the affected party can be compensated. There are several types of commercial bonds, including: Contract bonds: These guarantee the fulfillment of a contract, such as construction projects.
License and permit bonds: Required by government agencies to ensure businesses operate according to regulations.
Court bonds: Used in legal proceedings, such as bail bonds or bonds for fiduciaries.
Commercial bonds protect consumers, clients, and other parties involved by providing financial recourse if the business fails to meet its obligations.
Commercial Umbrella Insurance:
A commercial umbrella insurance policy is a type of liability coverage that provides extra protection above and beyond the limits of your primary business insurance policies, such as general liability or commercial auto insurance. It acts as a safety net, offering additional coverage for large claims or lawsuits that exceed the limits of your existing policies. This umbrella policy helps protect a business from significant financial loss in situations where standard policies may fall short, covering things like legal fees, medical expenses, or property damage claims. It's an affordable way to ensure that your business is well protected against unexpected and potentially devastating events.