Business Insurance

Your success deserves protection.

Business Owner’s Policy

A Business Owner’s Policy (BOP) is a packaged insurance policy designed to provide essential coverage for small and medium-sized businesses. It typically combines several types of coverage into one policy, offering a cost-effective way to protect a business from common risks.

Key components of a BOP include:

  • General Liability Insurance: Protects against third-party claims for bodily injury, property damage, and advertising injuries.
  • Property Insurance: Covers damage to your business property, including buildings, equipment, and inventory, from events like fire, theft, or vandalism.
  • Business Interruption Insurance: Covers lost income and ongoing expenses if your business operations are temporarily halted due to a covered event like a natural disaster.

General liability Insurance

General liability insurance is a type of insurance that provides coverage for businesses against financial loss resulting from third-party claims of bodily injury, property damage, or advertising injury. This type of insurance is essential for protecting businesses from various types of claims that could arise from the operation of their business activities.

Common situations covered by general liability insurance include:

  • Bodily Injury: Injuries occurring on your business premises or due to your operations.
  • Property Damage: Damage caused to someone else’s property.
  • Personal/Advertising Injury: Claims of defamation, slander, or false advertising.
  • Legal Defense Costs: Coverage for lawyer fees and court costs, even for unfounded claims.

Professional liability

Professional liability insurance, also known as errors and omissions (E&O) insurance, protects businesses and professionals against claims of negligence, mistakes, or failures in the services they provide. It’s especially important for service-based industries like consulting, legal, medical, and financial services.

Key coverage includes:

  • Negligence: Covers claims that you made an error or failed to perform services properly, resulting in a financial loss to a client.
  • Mistakes or Omissions: Protects against claims arising from unintentional mistakes or failure to deliver a promised service.
  • Legal Defense Costs: Covers the costs of defending against a lawsuit, even if the claims are unfounded.
  • Damages: Provides coverage for any financial settlements or judgments against the business.

Commercial Property Insurance

Commercial property insurance provides coverage for a business’s physical assets, including buildings, equipment, inventory, and other property, in the event of damage or loss. This insurance helps protect against risks like fire, theft, vandalism, and certain natural disasters.

Key aspects of commercial property insurance include:

  • Building Coverage: Protects the structure of the business property, including the physical building and any improvements.
  • Contents Coverage: Covers business equipment, furniture, inventory, and supplies inside the building.
  • Business Interruption: Covers lost income and ongoing expenses if the business is unable to operate due to a covered event.
  • Property in Transit: Protects goods and equipment while they are being transported or in storage off-site.
  • Additional Coverage Options: Some policies may cover specialized property like electronics or data, or offer protection against natural disasters like floods or earthquakes

Worker Compensation

Workers’ compensation insurance provides financial protection to employees who suffer job-related injuries or illnesses. It covers medical expenses, lost wages, and rehabilitation costs for workers who are injured or become ill while performing their job duties. It also provides benefits to the families of workers who are killed on the job.

Key aspects include:

  • Medical Coverage: Pays for medical treatment related to the injury or illness.
  • Wage Replacement: Compensates for lost wages if the worker cannot work due to the injury or illness.
  • Rehabilitation: Covers costs for rehabilitation or therapy if needed for recovery.
  • Disability Benefits: Offers payments for long-term or permanent disabilities caused by the injury or illness.
  • Death Benefits: Provides financial support to the family if the worker dies due to a job-related incident.