We Have a Variety of Business Insurance Policies!
Popular business insurance solutions to meet your needs. Business insurance, also known as commercial insurance, helps protect business owners from unexpected losses. There are many types of insurance options to help protect the company you’ve worked hard to build. They provide coverage for business property damage, legal liability and employee-related risks.
What Is Workers’ Compensation Insurance?
Workers’ compensation insurance, also known as workman’s comp or workers’ comp, gives your employees benefits if they get injured or become ill from their job. These benefits can help:
- Cover their medical care
- Replace most of their lost wages if they take time off from work to recover
- Provide disability benefits
- Give death benefits, like helping pay for a funeral if they lose their life in a work-related accident
Workers’ comp also has benefits for you, the small business owner. If your injured employee or their family sues your business, it can help cover your legal costs.
You aim to run your business as safely as possible. However, no matter what you do, workplace accidents can occur and employees can get sick from their work. If these situations happen, you’ll want peace of mind knowing your small business is covered.
How Does Workers’ Compensation Insurance Work?
If one of your employees gets injured on the job or sick from their work, our workers’ comp insurance can help them recover and return to their job. We’ve designed our programs to support small businesses. We’re here to help promote your employees’ safety and well-being, getting them to return to work as soon as possible.
On top of helping cover their treatment, our workers’ comp insurance can also help pay to train your employees for new roles if they can’t return to their old roles. And, if they can’t return to work at all, workers’ comp can provide long-term disability benefits.
What Is General Liability Insurance?
General liability insurance (GL), sometimes called business liability insurance and commercial general liability insurance, helps protect your business from claims of bodily injury and property damage. These kinds of claims can come up during normal business operations. Without coverage, you’d have to pay for damages out of pocket.
What Does General Liability Insurance Cover?
General liability insurance helps cover your costs to respond to a claim that your business caused property damage or bodily injury. It can help pay for:
- A customer or client’s medical expenses if they slip and fall in your business
- Repair costs to fix a wall that your employee accidentally damaged while working at a customer’s home
- Legal costs to defend your business in a lawsuit
- Judgments and settlements from a customer or client’s lawsuit
General liability insurance can help cover claims of:
Bodily injury or property damage that your business causes.
Reputational harm resulting from malicious prosecution, slander, libel, wrongful eviction, violating a person’s privacy and more.
Advertising injuries, such as copyright right infringement from your business’ ads.
Medical costs if your customer or client hurts themselves while visiting your business.
Damage to rented property caused by a covered loss such as fire, lightning or explosion.
Is General Liability Business Insurance Required by Law?
State laws don’t usually require business owners to carry general liability insurance. But, it’s still a good idea to have this coverage. If a customer sues your business and you don’t have coverage, it can put your business’ finances and your personal assets at risk.
It’s important to understand your state’s insurance laws. Work with a local insurance agency or our dedicated small business insurance team who can help you make the right decisions when choosing business liability insurance.
What Is Commercial Auto Insurance?
Commercial auto insurance helps cover the costs of an auto accident while you or an employee uses a company-owned car for business. This coverage can help pay for property damage and medical expenses – even in the event of a fatal accident.
Commercial auto insurance can help protect your business if, for example:
- An employee hits a pedestrian while driving a vehicle for business. The pedestrian requires medical treatment that results in costly medical expenses.
- You swerve off the road while driving to work in a company car and take out a residential mailbox.
- An employee drives to work in a company vehicle, hits another car and totals it.
What Does Commercial Auto Insurance Cover?
Although coverage availability and requirements vary by state, these are some of the common types of commercial auto coverages available to business owners.
- Bodily Injury Liability Coverage helps pay for the other driver’s medical expenses.
- Property Damage Liability Coverage pays for damage that you or your employees cause to someone else’s property.
- Collision Coverage helps pay to fix or replace your business car if you hit something, like another car or pole.
- Comprehensive Coverage can help pay for car damages caused by theft, fire or natural disasters.
- Medical Payments Coverage can help pay for medical expenses for your employees and their passengers in the event of an accident, such as medical treatments and rehabilitations, dental care or funerals.
- Uninsured/Underinsured Motorist Coverage helps pay for you or your employees’ medical expenses or to fix your car if the other driver lacks enough liability coverage.
- Rental Car Coverage offers liability coverage while you or your employees are driving a rental vehicle for business. Many rental companies have loss damage waivers or a collision damage waiver that you can sign to avoid paying for property damage to a rental car.
- Personal Injury Protection (PIP), also known as no-fault insurance, can help cover medical expenses, lost wages or funeral costs after an accident, no matter who is at fault.
- Hired and Non-owned Auto Insurance offers lawsuit liability coverage if you or your employees are involved in an accident with a personal, rented or leased car that was used for business errands. However, this type of commercial vehicle insurance coverage will not pay for damages to your car.
Who Needs Commercial Auto Insurance?
Consider commercial auto insurance if your business:
- Owns, leases or rents vehicles, such as cars and trucks
- Has employees who drive their own vehicles for business
- Has employees who operate leased, rented or owned company vehicles
What Is the Difference Between Commercial and Personal Auto Insurance?
As a business owner, you need to have the right auto insurance coverage to protect your business’ vehicles and any employees involved in an accident with your business autos.
- Commercial auto insurance – you’ll need this coverage if you’re using a vehicle for business reasons. Typically, all of your business employees with a valid license would be covered under this policy as additional insureds. Commercial auto insurance usually offers more comprehensive coverages, like higher limits and liability coverage.
- Personal auto insurance – when you’re driving your car for personal reasons, including commuting to and from work, you’ll need this type of auto insurance coverage. In most cases, only you and your immediate family members are covered under personal auto insurance policies. The coverage limits also tend to be lower.
What Is Business Owner’s Policy (BOP) Insurance?
A Business Owner’s Policy (BOP) combines combines business property and business liability insurance into one business insurance policy. BOP insurance helps cover your business from claims resulting from things like fire, theft or other covered disasters. Business owners insurance also helps cover claims that could arise from your business operations. These include claims of bodily injury or property damage. They also include claims related to personal and advertising injury.
Businesses can tailor their Business Owner’s Policy (BOP) to help meet their unique needs by adding optional coverages, like:
- Data breach
- Business income for off-premises utility services
- Other specialized policies
A BOP Policy can be custom-made to fit industry specific businesses. This means it’s great for businesses of any size, especially small businesses.
Policies like a BOP are built to cover companies that generally face the same risks. Customizing your BOP Insurance is an important first step when insuring your business. Small business owners should do this from the beginning to protect against losses and damages early on.
Who Needs a Business Owner’s Policy?
If you rent or own workspace or have client contracts that require general liability insurance, you’ll likely need a Business Owner’s Policy (BOP). A BOP can help your business if:
- You have a physical location: No matter what type of location you have, it’s important to have coverage for your business and assets. BOPs can help cover businesses run out of homes, rented or owned offices, stores or garages.
- There’s a possibility of you getting sued: For example, let’s say a customer at your workplace slips and falls. Without the proper business owner’s insurance, you may be looking at hefty out-of-pocket fees to cover the customer’s medical expenses.
You have assets that could get stolen or damaged: From digital assets and customer data to equipment, furniture, cash or inventory, some assets can be very hard to replace. With BOP Insurance, you have protection to help you if your assets get stolen or damaged.
Business owner’s policy insurance will help keep you protected if your company has:
- Employees: Workers can accidentally injure customers or cause property damage. With this policy, you’ll have protection for them and your business.
- Any chance of a lawsuit: If a customer slips and falls at your store, this can help pay their medical expenses and your legal costs.
- A physical location: Your BOP policy can help cover businesses run out of your home, a rented or owned office, store or garage.
- Assets that could get stolen or damaged: Digital property, equipment, furniture, cash and inventory are all difficult to replace without the right insurance.
- Private customer data: If someone steals or loses personally identifiable information, this can help pay expenses like notifying impacted clients and public relations.
