BUSINESS INSURANCE
We cover most types of small and medium-sized businesses across a variety of industries. See below on some of the offerings we provide.
GENERAL LIABILITY
General liability is the most basic type of business insurance and covers injuries and damage to property of others in and around your business. You may be required to have this by lease, licenses you carry, or contracts you enter into.
Additional coverage can be added such as Additional Insureds, Waiver of Subrogation, Hired/Non-owned Auto (HNOC), and more.
BUSINESS OWNER
POLICY (BOP)
Business Owner Policies (BOPs) are a package of General Liability, Commercial Property, and some extras.
Often available at a discount, these are helpful for common businesses such as retail stores. Companies that do niche work or have risky aspects may not be able to get a BOP.
COMMERCIAL PROPERTY
Commercial Property insurance covers all types of property owned by your business, such as buildings, inventory, and supplies. This may include things like furniture, computer equipment, and other things your business needs to operate.
WORKERS COMPENSATION
Workers Compensation insurance (also known as Work Comp) protects your employees and contractors when they're hurt on the job. It pays a portion of their income while out, giving them enough to live on but not to enough to incentivize delaying their return
Most states sell this through a broker or insurance company directly, while a few states (such as WA) have programs where you'll purchase directly through the state.
COMMERCIAL AUTO
Commercial Auto insurance works like personal auto insurance, except for your business. Typically these are vehicles owned by and used in the course of work.
The types of vehicles and can vary from delivery vehicles, shipping trucks, or even normal cars.
BONDS
Bonds are a security of debt. By purchasing one, the bonding company promises to pay an amount if it becomes due without you having to front the money.
This is common when bidding projects, obtaining a license from the state, or protecting an asset that may cause financial damage if something goes wrong.
LIQUOR LIABILITY
Liquor Liabilty insurance is covers any incidents from servicing alcohol and is required to maintain a liquor license. This is often carried by restaurants, bars, and other establishments who serve.
Costs are typically established by the gross amount of sales deriving from alcohol with credits sometimes given when you serve beer/wine only without hard alcohol.
DIRECTORS & OFFICERS
Directors & Officers (D&O) insurance is designed to protect those involved in an organization from mismanagement of funds while serving.
This is often carried by non-profits and community organizations, as well as groups responsible for public events.
ERRORS & OMISSIONS
(PROFESSIONAL LIABILITY)
Errors & Omissions (also known as E&O or Professional Liability) insurance protects your business from negligence or inaccuracies given by those in professional industries or whom others rely on for accurate information.
Insurance agents, doctors, lawyers, and the like all carry professional liability in case something goes wrong.