Business Insurance FAQs
I’m just getting my business started. Do I need insurance right away?
Commercial Property insurance protects your assets if they are stolen, damaged or destroyed in a fire or natural disaster.
Fire, theft, loss of income or accidental damage are unfortunate incidents that could not only damage or destroy your property but could devastate your business.
Commercial Property insurance is a great way to ensure that your business and its assets are properly protected.
What is Commercial Auto Insurance?
Whether you have one vehicle or a whole fleet, we can implement customer coverage that will protect your business. The policy provides physical damage coverage for vehicles you own, lease, hire or use in your business and liability coverage for bodily injury and property damage caused to others by your use of the insured business vehicles.
It can include two types of physical damage coverage for the business vehicles:
- Collision loss: damage from automobile accidents.
- Comprehensive loss: damage from weather; theft and other non-collision causes.
- Bodily Injury coverage: for accident-related injuries to others when you’re at fault, including your legal expenses if you’re sued.
- Property damage coverage: from accident-related damage to someone else’s property, such as a car or house, when you’re at fault.
What should I do if I have damage to my vehicle's glass?
Glass damage is usually covered by your comprehensive insurance unless the damage was caused during an accident, at which point your collision coverage or the other driver's liability coverage may apply.
What is General Liability Insurance?
Commercial General Liability insurance (CGL) protects the business from being sued by third parties against bodily injury or property damage claims. General Liability also protects the business against Libel, slander or business disparagement, copyright infringement in your advertisement and medical payments coverage which reimburses third parties for medical expenses incurred to treat injuries sustained in accidents arising from the business activities.
What is Workers Comp Insurance?
Workers Compensation is insurance that provides cash benefits and/or medical care for workers who are injured or become ill as a direct result of their job.
It serves two purposes: It assured that the injured worker gets medical care and compensation for a portion of the income they lose while they are unable to work. Workers receive benefits regardless of who was at fault in the accident.
In addition to injuries from accidents, workers compensation covers injuries employees may sustain from other events that may occur while they are working, including workplace violence, terrorist attacks and natural disasters..
What is Umbrella Liability?
Commercial Umbrella insurance is designed to supplement existing primary insurance policies such as Commercial General Liability, Commercial Automobile and Workers Compensation, giving you an additional layer of protection for the business.
Without an Umbrella policy, your business will be exposed to out-of-pocket costs for:
- Legal fees
- Medical expenses
- Damage to other people’s property
- Court Judgments & settlements
What is Cyber Liability?
Cyber Liability insurance protects your business against the expenses associated with Data Breach.
Businesses are facing Ransomware, phishing emails with embedded malware, cyber extortion, or even social engineering attacks all too often.
Any business storing data on a network is exposed to cyber security risks. Without Cyber insurance, your business could be responsible for state and federal fines and penalties, a forensic investigation, breach notification costs and even third-party lawsuit.
What is Employment Practices Liability?
What is Employment Practices Liability
Employment Practices Liability (EPLI) protects the business against employment-related issues. As a business, you face tides of employment related litigation alleging discrimination, sexual harassment, retaliation, or wrongful termination.
The EPLI policy covers the legal costs whether the company wins or loses the lawsuit.