Business Insurance

Being a business owner comes along with many responsibilities and one of those important factors includes managing the many things that can go wrong within your company on a daily basis. With business insurance, it covers many different aspects a business would need coverage for. For example business insurance can help your business in the following situations:
  • Protect against loss or damage to your building and contents.
  • Protect your business if it is sued for personal injury and property damage.
  • Cover business vehicles
  • Cover your equipment
  • Cover theft of money
  • Cover employee injuries on the job through Workers’ Compensation.. 
  • Cover your business in case there is an interruption of business.
  • Cover higher limits of liability though a commercial umbrella policy.
Our experts can review your business insurance needs and help you get the best and least expensive. Here are some of our most popular business insurance programs:
 
  • Business Property (structures, contents & equipment)
Property insurance protects against loss or damage to your business’ physical assets. That’s why business property insurance is such an important investment in ensuring the strength of your business. Whether you own your building, lease your workspace or work at home, property insurance has you covered.
            A lot of things can go wrong, things you might over never planned for. A fire hits your business, and now no one can enter the building, property insurance pays to get your building back in working order. Even if that fire destroys all your office equipment it will also be covered. Let us tailor a property insurance plan that works for your business’ needs.
For contractors and others who have mobile equipment, plans are available to provide extremely broad coverage
 
  • The companies we represent offer several kinds of package policies that can include property, liability, equipment, many with substantial discounts.
 
  • General Liability
Liability insurance protects your business when it’s sued for negligence. As a business owner you know there are many variables that can come with owning a business. You are liable for unintentional accidents, mistakes or injuries in which you or your employees may be involved in. Business liability insurance helps you with the costs of legal defense and legal damages. It covers medical expenses, attorney fees and damages when you are legally responsible and other expenses you might have never thought of.
             Anyone who comes in contact with your business can file a claim or lawsuit against you. Someone can trip and fall, and now needs money for medical bills, business liability has you covered. A client purchases a product of yours and it proves defective, and you have to pay for attorney fees and damages, business liability has you covered. You have a disgruntled ex-employee who is bringing legal action against you, again business liability has you covered.
 
  • Workers’ Compensation
Employee injury can be an expensive proposition. Our companies write coverage to pay benefits required by state law.
Workers' compensation insurance is vital to protect your business and in most states is mandatory. It will cover injuries or illnesses when they occur as a result of duties performed on the job or while at work. Some of the injuries that would be covered include injuries caused by lifting heavy equipment, slipping on a wet surface, or injuries because of fires or explosions. Protect your business from a lawsuit and your employees from loss of income.
 
  • Business Auto
We can get you great coverage and low prices on a truck or fleet. We can provide state
and federal filings as well as cargo coverage. We can help if you have some blemishes on your driving record.
             
Your personal car insurance policy doesn’t cover vehicles used by your business, which is why commercial auto coverage is important. If you use vehicles to provide your employees a way to get around, or to move equipment and/or products you need commercial auto insurance. Protect against traffic accidents, vandalism, or even if an uninsured driver hits your vehicle.
             Commercial auto coverage insures against property damage to vehicles and damage caused to others by those vehicles. We can cover any commercial vehicle from a business car, van, semi trucks, even a dump truck. Let our experts put together a policy that helps protect your business’ investment.
 
All motorized vehicles, whether used for personal or business purposes, need auto insurance. Automobile liability insurance – required by most states – covers medical expenses for injured persons and damages to the property of other individuals as a result of a motor vehicle accident caused by the insured’s negligence.
While the types of coverage provided by personal and commercial auto insurance policies are essentially the same, there are important distinctions. Typically, commercial auto insurance policies have higher liability limits, for example $1 million. They also may have provisions that cover rented and other non-owned vehicles, including employees’ cars driven for company business.
Several factors related to ownership and use of vehicles determine whether a personal or commercial policy is appropriate. These include:
 
  • Who owns or leases the vehicle – you individually or the business as an entity
  • Who drives the vehicle – you or your employees
  • How the vehicle is principally used – for example, transporting people, delivering packages or carrying hazardous materials
 
You can discuss these matters with us. You might also want to consider the purchase of collision and comprehensive (other than collision) coverage to protect yourself against damage to your vehicle.
 
Tips & Considerations Concerning Commercial Auto Insurance
 
  • If your business owns or leases a vehicle, make sure its name is listed on the policy as the principal insured.
  • If you are relying on either a personal auto insurance or personal umbrella liability policy to provide you with protection for your company’s use of vehicles, look closely at the provisions, as business-related liability may be excluded.
  • If your employees operate a company car, make sure they have good driving records and are trained properly.
  • Consider increasing insurance on your business vehicle to cover permanently attached items, such as a generator or storage unit.
 
The following factors can affect the cost of your insurance premiums:
 
  • Premiums are linked to the type of vehicle driven. So if you’re buying or leasing a new car or truck, check the insurance rates before you make your final choice.
  • Safety devices can help reduce your premiums. If you’re buying or leasing a new vehicle, consider getting one with anti-lock brakes, side air bags, automatic seat belts and daytime running lights.
  • Anti-theft devices, such as an alarm system and global positioning system – so that your vehicle can be located if stolen – can help reduce your premiums.
  • Where you park your vehicle can impact premiums. If you have access to an indoor garage or locked parking lot – places that decrease the likelihood of theft – you may qualify for lower premiums.
  • The geographic region in which your business operates affects your premiums. For example, areas prone to extreme weather – hail, wind storms, hurricanes, etc. – higher traffic patterns or higher risk of theft may have higher insurance rates.
  • The number of claims you have previously filed can impact your insurance costs.
  • The coverage limits you choose affect the premium – the higher the coverage amount, the higher your premium. If you’re using your vehicle to conduct business, you may want to consider a higher liability limit so that coverage protects both your business and personal assets if you are sued due to an accident.
 
The cost of your insurance is directly linked to your policy’s deductible amount. The deductible is the amount of money that you agree to pay as part of a claim, before your insurer pays the remaining amount toward that claim. For example, if your vehicle incurred $1,000 of damage in an accident and your deductible was $250, you would pay the first $250 and your insurer would pay the remaining $750. The higher the deductible, the lower the premium.
  • Business Interruption Coverage
Business interruption insurance keeps your business from any losses or damage to the cash flow and profits of a business because of an interruption. If something happens where you can not operate your business, even if it’s out of your control, you still have to pay the bills. Don’t be in the situation where you have to close your doors temporarily, interruption insurance has you covered.
             Property insurance covers any broken property, but doesn’t cover any lost money that could be caused because of down time. With business interruption insurance you can keep your business running, get coverage for lost net income, continue paying expenses such as mortgage, advertising, taxes and salaries, is can even pay any relocation and advertising fees if you have to move to a temporary site
 
  • Business Umbrella Insurance
Policies are available to extend business liability protection to one million dollars or more.
Business interruption insurance keeps your business from any losses or damage to the cash flow and profits of a business because of an interruption. If something happens where you can not operate your business, even if it’s out of your control, you still have to pay the bills. Don’t be in the situation where you have to close your doors temporarily, interruption insurance has you covered.
             Property insurance covers any broken property, but doesn’t cover any lost money that could be caused because of down time. With business interruption insurance you can keep your business running, get coverage for lost net income, continue paying expenses such as mortgage, advertising, taxes and salaries, is can even pay any relocation and advertising fees if you have to move to a temporary site.
 
  • Bonds
We write a complete line of competitively priced Surety and Fidelity Bonds to meet nearly every need for those individuals or firms who qualify.
 
  • Group Health & Life
shawnee mission health insurancePPO’s and other cost saving approaches may be selected from among our many resources.
 
 
If you don’t see something that fits your business model, contact us today for a custom business insurance plan that fits your business.
 

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