Business Insurance
Business Insurance, also known as commercial insurance, helps protect business owners like you from financial losses. Having business insurance can help keep you covered from risks like accidents, theft, property damage, professional errors, and lawsuits.
What’s included in business insurance?
Business insurance can cover all kinds of things including an accident in the workplace, liability claims, theft, fire, legal fees, loss of documents, or business interruption.
Most common business insurance policy
A business owners policy (BOP) is the most common policy for small businesses, according to the Insurance Information Institute. A BOP typically includes three basic types of coverage to help protect a business: business property coverage, general liability coverage, and business interruption coverage.
Types Of Coverage
- Property Insurance can fund repairs or replacements for damaged physical assets when disasters such as vandalism, fire, windstorms, or hail strike.
- Liability Insurance can protect against financial losses resulting from claims of injury or property damage caused by you or your employees and your products or services.
- Workers’ Compensation Insurance can satisfy your employees’ medical needs in the event of an accident or disease, making a quick return to work possible while removing the potential for lawsuits from current or former employees.
- Business Auto Insurance can get you back on the road quickly after an accident and ensure your business is protected against losses from injuries to other drivers, passengers, and pedestrians for which you and your employees are liable.
- Business Crime Insurance can protect against fraud, theft, forgery or robbery.
Retail Owners
- Business Property Insurance covers your store location and the contents inside, including equipment, fixtures, and inventory. We can help you protect your store location and valuable equipment.
- Business Income Coverage (also known as Business Interruption Insurance) allows you to continue to receive income while your store and its contents are being rebuilt and replaced. It not only helps you to cover expenses needed to keep a business operating after a loss, but it also helps you to replace lost revenue.
- Liability Insurance provides coverage in case of accidents, mistakes, or injuries that may happen at your store. This may include a slip-and-fall accident on your premises or a customer claim that they were injured or became ill from a product or service you provided for them.
- Business Crime Insurance provides coverage for your Retail Store if one of your employees steals money, securities, or other property from you.
Restaurant Owners
- Business Property Insurance covers losses if a fire, hail or another event damages your building and equipment, which could force you to close your restaurant’s doors. It covers your restaurant’s location and inside contents, including fixtures, furniture and valuable restaurant equipment.
- Business Liability Insurance covers accidents, mistakes, or injuries that may occur at your restaurant. This may include a customer’s claim of a broken tooth or illness because the food served at your restaurant was tainted.
- Business Crime Insurance covers you for losses both within and outside your restaurant, such as employee theft, robbery, and forgery.
- Workers’ Compensation Insurance accidents involving your employees may happen even in the safest, most code-compliant kitchens and dining rooms. We offer Workers’ Compensation insurance for your restaurant, so you are prepared when such accidents and illnesses occur.