Property Insurance

Commercial property insurance could well be one of the most important coverages you buy when it comes to protecting the future of your business. But to fully enjoy its benefits, you have to understand the parameters of the coverage.

Commercial property insurance is designed to protect:

•Your building or office

•Your inventory

•Any outdoor signage

•Landscaping and fencing

•Additional structures

To learn more about the details, rates, and exclusions of Commercial Property Insurance, feel free contact us.

Liability Insurance

As a business owner, we know that you put your sweat and tears into the livelihood of your business. This is why we strongly recommend that each and every business have the protection of liability insurance.

With lawsuits becoming more and more prevalent in the business world, liability coverage provides the legal defense of your business.

With our business liability protection, your business will be covered in case of:

•Bodily Injury claims

•Claims of property damage

•Claims against your business personal property

•Much more

Worker’s Compensation

Workers’ compensation insurance covers you for an employee’s on-the-job injuries. Businesses with employees are required by various state laws to carry some type of workers’ compensation insurance. In most cases, workers’ compensation laws prohibit the employee from bringing a negligence lawsuit against an employer for work-related injuries.  Coverage includes medical and rehabilitation costs and lost wages for employees injured on the job.

Business Interruption Insurance

Business interruption insurance is designed to indemnify the insured-business against losses arising from its inability to continue the normal operations and functions of the business. Coverage is triggered by the total or partial suspension of business operations due to the loss, loss of use, or damage to all or part of the buildings, plant, machinery, equipment, or other personal property thereof, as the result of a covered cause of loss.

Coverage is generally provided for the “period of restoration”, which is usually considered to be the period which would be required to rebuild, repair or replace the damaged property at the described premises with reasonable speed and similar quality. It usually commences with the date of such damage or destruction and it is not usually limited by the date of expiration of the policy.

Business interruption coverage is generally provided by a rider or endorsement to a commercial property insurance policy. The coverage typically provides that the insurer is not liable except for losses caused directly by a covered cause of loss, i.e., a hazard or peril insured against as a matter of contract. Moreover, actual profits and business expenses covered by the policy are usually determined in a manner which gives due consideration for the character of the business along with the manner in which it conducts its business activities.

Key Employee Coverage

The purpose of key-employee insurance is to indemnify a business firm for the loss of earnings brought about by the death or disability of a key officer or other employee. Many business firms have been built around some one man or woman whose capital, energy, technical knowledge, experience, or power to plan and execute make him or her a most valuable asset of the organization and a necessity to its successful operation.

In a nutshell, key person business insurance is a disability and/or life policy taken out by a small business in the event of a disability or death of a key employee. Also known as key employee coverage, key man insurance, and key executive coverage, key person insurance pays your business in the event of a loss of key personnel that can disrupt the successful operations of your business. It helps reduce the risk of the unforeseen loss of a vital executive or employee who is fundamental to the success of your business.

Besides the challenge of finding a quick and suitable replacement of an all-important employee, another reason key person business exists is for financing and future growth. Some banks and lenders, including the Small Business Administration (SBA), require this coverage in many cases before granting approval to extend credit or financing terms. Should your business go public or merge, this insurance coverage is typically required on board members and high-level executives. The additional security added by key man insurance is highly valued not only by financiers, but also investors.