Business Insurance

General liability insurance helps protect your business from claims that it caused:
Bodily injury to someone else
Property damage to another person’s belongings
Personal injury, like libel or slander.

For example, Mr. Alvarez may make a claim against your business if he slips and injures himself in your store. General liability can help cover you against the costs of the claim and potential defense costs. It also helps protect your business from the costs of errors in your advertising.

Commercial property insurance helps protect your owned or rented business building and equipment that you use to run your business. This includes furniture, tools, equipment and inventory.

Also referred to as business interruption insurance, business income insurance helps replace lost income if you close temporarily due to a covered loss like theft or covered property damage from a fire.

In such a case, your business income insurance coverage will help pay for ongoing expenses, like rent, utility bills or payroll while your property is replaced or repaired.

Also referred to as Errors and omissions insurance (E&O), Professional liability insurance protects companies and their employees against claims made by clients for inadequate work, errors or negligent actions in providing its services.

For example, if you make a clerical error and it causes a client to lose thousands of dollars, professional liability insurance can help cover the costs if the client makes a claim. Errors and omissions insurance often covers both court costs and any settlements up to the amount specified by the insurance contract. This insurance policy is important to lawyers, medical professionals, and educators.

Workers’ compensation insurance covers work-related injury or illness-either sustained on business premises or due to business operations. It gives your employees benefits if they get hurt or sick from their job. These benefits can help:

Pay for the employee’s medical expenses.
Replace some portion of their lost wages if they miss work to recover.
Cover funeral costs if they lose their life due to a work-related injury or illness.
Pay rehabilitation costs, like physical therapy.

Workers’ compensation insurance is mandated in most states and all businesses with employees are required to carry workers’ compensation insurance or face fines, penalties and criminal charges if you don’t comply with the law.

Also referred to as Cyber insurance, Data breach insurance helps protect your business from the costs of cyber threats or attacks.

If your business is attacked, Cyber Insurance coverage can help cover the costs:
Of finding the source of the breach and mitigating the damage.
Notifying those affected within and outside the company.
Offering identity theft monitoring services
Creating a public relations campaign to manage your company’s reputation through the crisis

Commercial umbrella insurance acts as a safety net by extending the coverage limits for some of your liability policies. Commercial umbrella insurance provides additional coverage when other liability policies reach their limits.

For example, let's say as a result of Mr. Alvarez's slip and fall in your store, he makes a claim against your business for $150,000. If your general liability policy has a limit of $100,000, commercial umbrella insurance would help cover the remaining $50,000.

A personal auto policy typically will not provide coverage for a vehicle being used for business purposes. Commercial auto insurance policy helps protect you and your employees from the costs of a work-related auto accident if you or an employee drive company-owned vehicles for business.

It can help cover property damage and bodily injury claims from an accident your business causes. This is important because a personal car insurance policy won’t help cover third-party claims in an accident you cause with a business-owned vehicle.

Though not mandated by States, Commercial flood insurance helps protect your business from the costs of covered flood damage. This includes damage to physical location of your business as well as its assets.