Insurance for Your Business
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The type of business coverage that you get should be determined by the type of business you have. By analyzing the specific hazards your business may face, we help you find the correct protection to cover yourself, your employees, your product and your building. Call our office for a quote (806) 763-7311 or click
What Kind of Insurance Does Your Business Need?
Exposures vary from business to business. That is why our agency does not utilize a "cookie cutter" approach when insuring a business. Below is a list of popular coverages that should be considered by most companies.
Property Insurance- First-party" insurance of real and personal property against physical loss or damage. Examples include the building, the contents inside, equipment and, computers and electronic media including other structures the business owns or leases such as branch locations. This coverage can be written on various coverage forms and can have multiple deductibles.
General Liability- Insures against for third party liability claims due to negligence. Coverage can include premises and operations liability for activities that occur on the premises and away from the business. This coverage has its own conditions and exclusions. Most General Liability policies exclude professional liability exposures and employment practices liability. These coverages are usually written separately.
Crime Coverage- A generic term used to encompass the variety of crime coverage forms available to protect against losses of money, securities and property by such causes of loss as employee dishonesty, forgery, theft, burglary, robbery, kidnap, extortion and fraud
Loss of Earnings and Extra Expense- A time element coverage which pays for loss of earnings or income when business operations are interrupted, curtailed or suspended due to property loss as a result of an insured cause of loss. Also covered are loss of rents and rental value. Includes reimbursement for additional expenses incurred because of an insured loss
Employment Practices Liability- Coverage for legal costs to defend claims involving sexual harassment, wrongful termination and discrimination including legal liability for such acts
Directors and Officers Liability- Protects officers and directors against damages from claims resulting from negligent or wrongful acts in the course of their duties. Also covers the business (and even the officers and directors in some cases) for expenses incurred in defending lawsuits arising from alleged wrongful acts of officers or directors.
Commercial Umbrella/Excess Coverage- A form of liability insurance protecting policyholders for claims in excess of the limits of their primary business automobile, general liability, and workers compensation policies. Such cases are subject to a deductible (or self-insured retention).
Commercial Auto Policy- Needed when a business owns a vehicle(s). Coverage designed to provide a "standard" form for insuring commercial vehicles (other than private passenger cars) including Liability, Uninsured/Underinsured Motorist Liability, Comprehensive and Collision coverage.
Workers Compensation- Protection which provides benefits to employees for any injury or contracted disease arising out of and in the course of employment. All states have laws which require such protection for workers and prescribe the length and amount of such benefits provided.
Cyber Insurance- A special form of commercial insurance created to protect businesses against cyber (Internet) risks, such as hackers and other breaches of computer system security.
Professional Liability- A class of insurance policies that indemnifies the insured for third-party liability claims due to negligence in the performance of professional services. Professionals include doctors, lawyers, engineers, insurance agents and others.
Types of Businesses We Insure
Our Experience and Market Accessibility allows us the opportunity to insured all types of businesses;
- Service Industry
- Wholesale Industry
- Lessors Risk
- Automotive Industry
Risk Management Services
Having good insurance is crucial to a business. However, it is only one of the steps for having a successful risk management program.
Proactive Risk Management Services- IPPR
Identifying, Preventing, Preparing and Responding to a situation or disaster is the most crucial factor for a good risk management program. Insurance is only used "after" something happens, risk management procedures "prevent" and/or "reduce" the effects of a disaster "before" they happen. It is good risk management procedures that reduce direct costs such as insurance premiums and reduces the indirect costs such as but not limited to; losing customers, loss of future earnings and damage to the reputation of the business. It is highly likely that the indirect costs can far exceed the insurable costs when a disaster occurs.
Our agency will work hand and hand with you to go through the entire IPPR process. We will provide the TOOLS, RESOURCES, EXPERIENCE, and CREATIVITY that will help your business maintain a safe and growing environment.
For those businesses where we are not the acting insurance agent, we can provide our Risk Management Services on a consultant/fee basis.
- Policy and Coverage Review
- Disaster Planning
- Safety Programs
- Human Resources
- Policies and Procedures
- Additional Customized Services
Homeowners and Auto Insurance for Business Owners AND Employees
Our agency's Personal Lines department will help you and your employees find the best coverage and the most affordable prices.
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For more information on Business Insurance, call us at (806) 763-7311 or