Commercial Coverage Information
Is your business adequately insured? If not, you risk losing your business.
Business packages are available specifically designed for your line of
These are a few types of insurance every business needs. You probably bought
policies that covered these areas when you first opened your doors . but have
you kept up with your business's changing needs?
Business Property: Covers inventory, office equipment and building.
Liability: Protects your business from loss due to negligence caused by you,
your employees, business conditions and your products. Also includes
miscellaneous claims such as libel, slander and false advertising.
Commercial Auto: An auto owned by or used in the course of business must have
a Commercial Liability policy.
The next two areas we find are often overlooked.
Umbrellas: Coverage is on top of liability coverage. You can dramatically
extend your coverage for a small amount of cash. An umbrella kicks in when the
underlying limits have been exhausted. Coverage extends over your Commercial
Auto and General Liability. Limits begin at $1 million.
Employment Practices Liability
This coverage was non-existent ten
years ago and now it is widely available. If an employee sues your company for
sexual harassment, wrongful termination, job discrimination, or any of the
other increasingly popular claims alleging failures in your employment
practices, this kicks in to provide legal defense and possibly pay a
settlement. "There should not be a business without this coverage."