Business and Commercial Insurance

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Business and Commercial Insurance The basic purpose of business and commercial insurance is to pay losses due to unfortuitous events that could financially impair your company’s future or even put you out of business. Insurance is only one part of a complete risk management strategy. [1] You should eliminate or reduce your risk through maintenance, and proper training as well as safety programs. Business Insurance can be grouped into a number of categories, including:

  1. Building and Content (Glass)
  2. Business Interruption (Time Element)
  3. Inland Marine
  4. Boiler and Machinery (Mechanical Breakdown)
  5. Workers’ Compensation
  6. General Liability
  7. Professional Liability
  8. Crime (Bonds)
  9. Auto
  10. Employment Practices Liability
  11. Excess Liability (Umbrella)

There are over twenty-two million firms in the United States paying out over $13 trillion in payroll to their employees. [2] Businesses are quite different from one another and their business insurance needs vary greatly. Forty years ago I was involved in the underwriting process as an insurance company employee for the Mayo Clinic account. [3] As you can imagine, they were hugely concerned about the malpractice (professional liability) exposure. They also had many millions of dollars in buildings and content to be covered. One of their big exposures was the pressure vessels (autoclaves) used to sterilize instruments used in the operating room. Most of the losses we incurred on their account came in the workers’ compensation area, with many back injuries resulting from improper lifting. (That was resolved largely through increased employee training.) Schools are also large businesses. They have a need for Corporal Punishment Liability coverage, and like most businesses, have a distinct data problem both from protection against physical loss and probable liability should you have a data breach. Their band could need a Musical Instrument Floater to cover physical damage and theft. Schools are often heated by large boilers that need coverage for possible explosion. Commercial Insurance RiskEven a roadside stand run by a farmer to sell produce needs insurance. They have a Products Liability exposure for whatever they sell. Often such an operation is excluded from their farmowner’s policy and needs a separate policy. Should a farmer run a corn maze during the Halloween season they will need General Liability for trip and fall accidents. An auto garage, like other businesses who hold customer goods in their care, custody, and control will need Garagekeeper’s Legal Liability for their bailee exposure to cover the cars they don’t own. A greenhouse might consider the Glass coverage to be their most essential insurance. An over the road trucker might consider Auto Liability to be the most important coverage, or in the case of those who haul very valuable cargo, it might be their Inland Marine – Motor Truck Cargo. Even if you own for SpaceX and are trying to launch rockets, there’s business insurance out there for you. Underwriters use several different exposure units to measure liability risk. The most popular three are payroll, receipts, and area (square footage).

Business Insurance Infographic

Business Insurance InfographicCommercial insurance is one of the most crucial investments/decisions that all business owners have to make. You have worked hard to build your company and having the right coverage can be the difference between going under and staying afloat in case of damage or lawsuits. Below we have compiled a list of useful facts and statistics and placed them into a business insurance infographic to help you out and get you thinking.

In 2009 there were over 27.5 million small businesses in the U.S. and 50% of small businesses (over 10 employees) provide health insurance. In 2007 there were 2.3 million Hispanic-owned businesses in the U.S. 2/3 of all businesses close before their 10th anniversary.

Because of the complexities involved in commercial risks, independent agents capture approximately 80 percent of the U.S. commercial lines market. In 2011 there was almost $215 billion of net written commercial lines premium.

500,000 trucking accidents occur every single year. 1 of 8 fatality accidents involve a commercial truck and 68% of fatal truck crashes occur in rural areas.

Learn more about Business Insurance Infographic ›

Building and Content (Glass)

For many business their largest investment might be what they spend on their building and its contents. Most fire insurance contracts cover:

  • Fire
  • Volcanic action
  • Smoke
  • Sprinkler leakage
  • Sinkhole collapse
  • Explosion
  • Vandalism
  • Riot or civil commotion
  • Lightning
  • Windstorm or hail
  • Aircraft or vehicles
  • Glass breakage
  • Falling objects on the building exterior
  • Weight of snow, ice, or sleet
  • Water damage caused by accidental discharge or leakage
  • Collapse

Most fire insurance policies exclude:

  • Mysterious disappearance
  • Artificially generated electrical currents
  • Wear, tear, marring, or scratching
  • Insects or vermin
  • Dampness or dryness of the atmosphere
  • Rust or corrosion
  • Rain, snow, or sleet to property in the open
  • Earthquake
  • Flood
  • Sewer Backup
  • Explosion of steam boilers and steam pipes

I’ve been involved in many large fire losses during my forty-three years in the business. Forty years ago I was a Special Agent for the largest fire insurer in the United States. I placed us on a large recreational vehicle dealer. From a fire underwriting standpoint it appeared to be in a good risk. The financial condition of the business was excellent so there was a minimal moral hazard. The building was only five years old with excellent housekeeping. All the hazards appeared to be minimalized included a properly installed Underwriter’s Laboratory approved parts cleaner. The building was what we called light fire resistive, in that it was mainly made of steel walls and truss. It was located just outside a town with a good fire department. Much to my surprise the building burned to the ground costing my company over $2 million. The building had lost power overnight; and when the owner came in he found frozen water pipes. He tried to solve the problem using a welder. The welder was using electrical current. The procedure backed up the resistance in the buildings electrical grid creating enough heat to touch off a fire. The fire could have been contained to minimal damage had the responding fire department put a hose on it.

Unfortunately, when the fire department realized the fire was outside the city limits they did what they could to protect the buildings next door which were in the city limits. The fire department from the township had also responded, but when they realized the business had not paid their fire dues, they allowed the building to burn. One of the biggest concerns for building and content coverage is establishing a proper valuation to determine the amount of coverage to put on the policy. Buildings have several valid values. The market value is what a willing buyer will pay that a willing seller will accept. This value is normally set by comparable sales. Replacement Cost is the amount it would take to replace the building in like and kind. This is the kind of coverage most insureds and most mortgage companies want. Actual Cash Value is Replacement Cost less depreciation. Often building owners will express a Utility Value. For example; the building owner bought a 2,000 square foot brick building for a very good price ($80,000) that he’s using strictly for storage. The Replacement Cost of the Building might be $125 per square foot ($250,000). The owner knows he would replace the building with a pole barn at about $30 per square foot . . . $60,000. The Utility Value is $60,000. Depending on the requirements of the mortgagee, the underwriter might agree to a no coinsurance policy at $60,000, if that is what the insured wants. You need to be aware that a coinsurance penalty can be quite expensive if you’re not carrying the right amount of insurance at the time of a partial loss.

Learn more about building content and glass insurance ›

Business Owner Insurance

Business Interruption Insurance (Time Element)

Many people seem to think of business interruption insurance as almost an afterthought. In my experience, this coverage is as essential to staying in business after a large loss as any other. Business Interruption covers the Actual Loss Sustained from one of the insured perils (see above list for normal coverage). Expenses go on, even if your doors are closed. For example, you could lose valuable employees that you’ve spent years training because you don’t have the income to keep meeting payroll after a large fire. In some instances a fire will require a complete rebuild, which could take over a year. In other instances you have the kind of business that can be opened again immediately in another location, but that will require additional expense, such as money for rent for space or leasing of office equipment. Your business has a “loss of rents” exposure whether you have tenants or not in that your property has rental value even if you’re the sole tenant.

Learn more about business interruption insurance ›

Farm Insurance

Currently most farmers specialize in a particular area by raising either a certain crop, or focusing on a particular kind of livestock or poultry. There are those who decide to diversify a bit more but they all have a common need for commercial insurance coverage. Because farm life can bring with it a whole variety of risks, farmers should contact an independent agent to discuss a specialized business insurance policy.

Learn more about farm insurance ›

Inland Marine Insurance

Inland Marine is coverage that grew out of Ocean Marine Insurance. It provide protection for loss due to physical damage to mobile equipment and equipment used in transportation and communication. It is also used for expensive and unique items such as a Jeweler’s Block, which covers the inventory of a jewelry store. Inland Marine Floaters are used to provide coverage for everything from gigantic equipment used in mines to TV towers to piccolos. Coverage is generally written on an all-risk basis and applies worldwide.

Learn more about inland marine insurance ›

Boiler and Machinery (Mechanical Breakdown)

As a trainee in the 70’s I worked with the boiler inspectors. Some of the boilers I looked at were huge, like those at Federal Cartridge, which were large enough to walk in. The boilers were generally either firetube or watertube, depending on what was passed through which cavity to heat the water. Boiler insurance protects for direct and indirect loss sustained due to a boiler incident. The insurance policy includes an annual boiler inspection.

Learn more about boiler and machinery insurance ›

Workers’ Compensation Insurance

Workers Compensation is a system to streamline the processing of workers’ grievances for injuries sustained on the job. The State of Minnesota explains the coverage on their website. [4] “Workers’ compensation is a no-fault system designed to provide benefits to employees injured as a result of their employment activities and to limit the liability of employers. Because it is a no-fault system, the employee does not need to prove negligence on the part of the employer to establish liability. It also means the employer cannot use negligence on the part of the employee as a defense to a claim. A work-related injury can be any condition that is caused, aggravated or accelerated by the employment activities. This includes traumatic injuries, gradual injuries or occupational diseases. The employee needs to show only that the employment activities were a substantial contributing factor to the disability and/or need for medical care.”

Workers’ Compensation Fraud

Because of the large scale of the workers’ compensation system, and since it involves workers, employers, attorneys, doctors, and others, this leaves open the opportunity for fraud.  While business owners should make sure that their commercial insurance affords coverage for workers’ compensation claims by employees who become ill or injured on the job, they should also be aware of the possibility of workers’ compensation fraud.  An independent insurance agent, familiar with the workers’ compensation system, can assist business owners in understanding and averting the potential for fraud when it comes to workers’ compensation insurance.

Learn more about workers compensation insurance ›

General Liability Insurance

General liability provides insurance needed to cover liability for bodily injuries or property damage sustained by the public. It covers accidents occurring as a result of business operations including the ownership, maintenance, or use of the specified premises and any operations necessary or incidental to those premises. Coverage is also afforded for some kinds of written agreements. The policy includes the cost of a legal defense for covered claims. This can prove to be extremely important. In the mid-eighties I created what has become one of the largest self-insurance pools for political subdivisions in the nation. It was my experience running that organization that the insurance company for political subdivisions can expect to spend one dollar on defense cost for every dollar of actual award paid out. Coverage generally includes Personal Injury Liability.

Learn more about general liability insurance ›

Business Accident and Health Insurance

Employers know that their employees create their profits and are looking to protect their health and welfare; accident and health insurance can help.

Learn more about accident and health insurance ›

Daycare Insurance

There are various types of daycare classifications, including In-Home Daycare, Family Daycare, Group Daycare, Adult Daycare, Drop-In Centers, and 24/7 Centers. Although the requirements and insurance vary between types, there are several common areas of concern.

Learn more about daycare insurance ›

Skilled Nursing / Facility

Skilled nursing and skilled nursing facilities have a unique set of risks that require special coverage.

Learn more about skilled nursing insurance ›

Personal Injury Liability

  • false arrest, detention, or imprisonment or malicious prosecution;
  • libel, slander, or defamation of character; and
  • wrongful entry or eviction or other invasion of the right of private occupancy.

Learn more about personal injury liability insurance ›

Completed Operations Liability

Coverage applies after the operations have been completed or abandoned and the occurrence happens away from the premises of the insured.

Learn more about completed operations liability insurance ›

Product Liability Insurance

All firms that have a product that the public uses, should have products liability insurance. Coverage provides protection for bodily injury and property damage claims arising out of the insured’s products or reliance upon a representation. The bodily injury or property damage must occur away from the premises of the named insured and after physical possession of the product has been relinquished. The policy can be endorsed for restaurants and similar exposures for on premise coverage.

Learn more about product liability insurance ›

Professional Liability – Errors and Omissions Insurance

Coverage provides coverage for negligence in the performance of services where a reasonable standard of care is expected. This is includes improper performance and failure to perform.

Learn more about professional liability – errors and omissions insurance ›

Crime (Bond Insurance)

In addition to various performance and indemnity bonds Crime coverage can include:

  • Theft
  • Computer Fraud
  • Robbery
  • Money and securities theft, disappearance, or destruction
  • Employee dishonesty
  • Safe burglary
  • Burglary

This can be anything from the theft of a small cash box hidden in the back room to products from the shelves.

Learn more about crime insurance ›

Business Auto Insurance

The basic parts of a commercial auto policy include:

  • Bodily injury liability
  • Property damage liability
  • U.M. (Uninsured Motorist)
  • U.I.M. (Underinsured Motorist)
  • P.I.P. (In Applicable No-Fault States)
  • Collision
  • Comprehensive (Other Than Collision Physical Damage)
  • Medical payments
  • Towing
  • Rental

Learn more about business auto insurance ›

Taxi Insurance

If you’d like own a taxicab business, it’s relatively easy to get started. There are only a few requirements, including your age, your criminal record, and of course owning a taxi. Once you’re out on the road, you will face various risks to your safety. Having insurance protection will give you the peace of mind in knowing that you, your passengers, and your vehicle are protected in case of an accident. The best way to get started is with taxi insurance. This type of coverage is a form of liability protection for the drivers, the company, and assets. It is a more expansive policy that a typical personal auto policy because it will protect against multiple passengers.

Learn more about taxi insurance >

Employment Practices Liability – Employers Insurance

Coverage for defense costs and liability related to various employment-related claims, including: Wrongful Termination Discrimination Workplace Harassment

Learn more about employers liability insurance ›

Excess Liability (Umbrella)

It is doubtful that a true umbrella is available for most businesses. Most of what comes under that general name are “following form” excess policies that provide policy limits in excess of what is provided in the primary policies. The coverage usually mirrors what is provided in the primary policies.

Learn more about umbrella insurance ›

Unemployment Insurance

Social welfare for unemployed workers. Not really insurance.

Learn more about unemployment insurance ›

Director’s and Officer’s Insurance

(Errors and Omissions Liability Insurance for management) Provides protections for the directors and officers of a company if they’re sued in conjunction with their performance of their duties for the company.

Learn more about director and officers insurance ›

Liquor Liability Insurance

Provides coverage for liquor related liability losses. Often called dram shop coverage, this coverage responds to suits which hold a supplier of alcohol responsible for a person who later becomes involved in an accident or mishap.  This applies to those who serve, manufacturer, or supply liquor.

Learn more about liquor liability insurance ›

Restaurant & Bar Liability Insurance

Restaurant and bar insurance can be quite complicated. With employees, patrons, and the presence of alcohol, the potential liabilities are numerous, and the infrastructure required to run a successful establishment means there is significant potential for property damage to be costly.

Learn more about restaurant and bar liability insurance ›

Small Business Insurance

A small business cannot afford to operate without insurance, but a small business cannot long stay in business if it purchases every form of insurance applicable to its operation. Small businesses need to purchase essential insurance in adequate limits, but should avoid maintenance-type coverage.

Learn more about small business insurance ›

Medical Malpractice Insurance

Malpractice Insurance is normally Professional Liability Insurance for people in the medical field.

Learn more about medical malpractice insurance ›

Lawyers Professional Liability

Legal Professional Liability Insurance is Malpractice Insurance for people in the legal field.

Learn more about legal professional liability insurance ›

Builder’s Risk Insurance

Builder’s Risk Insurance is coverage for direct damage to buildings while they are under construction. It normally will include some form of theft coverage for supplies.

Learn more about builders risk insurance ›

Indemnity Insurance

Indemnity insurance covers the obligation to pay for any loss or damage that has been or might be incurred by your company. This is usually a prize for some sort of contest such as a hole-in-one contest. Indemnity Insurance in some states is considered to be gambling . . . and NOT insurance.

Learn more about indemnity insurance ›

Contractor’s Insurance

Provides liability coverage for general contractors, sub-contractors, and contractors.

Learn more about contractor’s insurance ›

Event Insurance

Event Insurance provides premise liability for a specific event such as a concert or wedding. It might include cancellation insurance, such as rain insurance.

Learn more about event insurance ›

Laptop Insurance

Coverage for physical damage to laptop computers.

Learn more about laptop insurance ›

Water Damage Insurance

Water damage is normally covered if not excluded by the policy. Most policies exclude floods.

Learn more about business water damage insurance ›

Social Service Organization Insurance

Specialized coverage for those organizations who improve our communities. Includes general liability and professional liability.

Learn more about Social Service insurance ›

Non-Profit Insurance

Specialized coverage for those organizations who are non-profits. Includes general liability and professional liability.

Learn more about Non-Profit insurance ›

Bank FDIC Insurance

A guarantee by the Federal Deposit Insurance Corporation (FDIC). It covers deposits in a member bank. Created in 1989, the FDIC insures bank deposits of national and state banks that are members of the Federal Reserve System. Bank Insurance protects individuals against commercial bank insolvency currently (2013) to a limit of at least $250,000 per bank.

Learn more about bank FDIC insurance ›

Flight Insurance

Also known as Flight Cancellation or Trip Interruption Insurance. Protects travelers from unexpected delays and inconveniences.

Learn more about flight insurance ›

New and Used Auto Dealers Insurance

If you are considering starting a used or new car dealership then it is likely you are in the process of researching the auto industry so that you understand the specific regulations that apply. There are a number of different things to consider before anything else. First there is the decision between retail and wholesale dealerships. In addition to the business insurance, car dealer owners need to have a surety bond, which is a type of insurance that guarantees performance of a contract.

Learn more about new and used auto dealer insurance ›

Auto Body & Repair Shop Insurance

Commercial auto body repair shops deal with a wide range of vehicle repairs, from heavy duty work trucks, specialized sports cars, or family minivans. No matter what the function of the vehicle most repair shops perform similar daily tasks. From body work, to fixing a flat tire, to replacing a transmission, auto repair shop owners know that their employees are engaged in various tasks that can pose a hazard to the workers themselves, to the vehicles in their care, custody and control, and to customers. In case of an accident on the premises, resulting in a personal injury claim by a client, or a workers’ compensation claim by an employee, owners of auto repair shops should make sure that they have quality commercial insurance coverage in place..

Learn more about auto body and repair shop insurance ›

Professional Liability Insurance For Veterinary Businesses

Like others in the medical field, veterinarians can protect themselves from personal legal liability, and expenses, in the event of a claim stemming from their professional conduct by purchasing adequate professional liability insurance. Besides having ordinary commercial general liability insurance for their practice, veterinarians need professional liability insurance.

Learn more about veterinary business insurance ›

Commercial Property Insurance

Whether their locales contain a multitude of retail stores, or just a few specialty shops, commercial property companies need business insurance to safeguard their company. Adequate commercial insurance coverage can offer protection for a business’s economic interests, along with its facilities, employees, and operations.

Learn more about commercial property insurance ›

Water, Sewer and Pipeline Construction Liability Insurance

Pipeline construction deals with a variety of industries; sewer, gas, oil and water. Even cable and fiberoptic are sometimes laid in pipeline. It is important that companies protect their business property and procedures from harm with a dependable commercial insurance policy or policies.

Learn more about water, sewer and pipeline insurance ›

Insurance Agents E&O

Insurance agents need professional liability insurance just as much, if not more, than the average small business owner. Insurance agents need this coverage in the unlikely event of an error.

Learn more about insurance agents errors and omissions insurance ›

Plumbing, Heating and Air Commercial (HVAC) Insurance

The manufacturing and installation of plumbing, heating and air conditioning industry has a unique set of risks associated with it. Business owners need to pay special attention to these risks and make sure they are properly covered for the handling of the various materials needed to fulfill their daily routines.

Learn more about plumbing, heating and air conditioning insurance ›

Convenience Store Commercial Insurance

The manufacturing and installation of plumbing, heating and air conditioning industry has a unique set of risks associated with it. Business owners need to pay special attention to these risks and make sure they are properly covered for the handling of the various materials needed to fulfill their daily routines.

Learn more about convenience store commercial insurance ›

Shopping Center and Mall Insurance

Shopping centers and malls across the country and world have a specific set of liability coverage needs. The combination of multiple businesses and thousands of patrons creates a very special risk situation. All the variables need to be taken into account when shopping for your commercial insurance policy.

Learn more about shopping center and mall commercial insurance ›

Commercial Trucking and Courier Service (No Air) Insurance

Shopping centers and malls across the country and world have a specific set of liability coverage needs. The combination of multiple businesses and thousands of patrons creates a very special risk situation. All the variables need to be taken into account when shopping for your commercial insurance policy.

Learn more about commercial trucking and courier service insurance ›

Fiber Optic Laying Commercial Insurance

Fiber Optic installation job sites can sometimes be found in difficult conditions. They are usually working below street level or underground where space and lighting are compromised. These unique scenarios lend themselves to higher risk and the proper liability coverage is an important part of any fiber optic business plan.

Learn more about fiber optic laying insurance ›

Steel Construction Commercial Insurance

Steel construction operations utilize large machinery, operate at various locations, and often drive large, expensive trucks. along with the various locations and job sites come a unique set of risks, which could lead to liability exposure. This exposure can be limited by maintaining the proper commercial insurance coverage.

Learn more about steel construction insurance ›

Automotive Towing Commercial Insurance

When determining liability coverage factors like location and size of an organization, number of employees, and towing equipment used on the premises and off-site are used to determine adequate commercial insurance coverage for a particular automotive towing company.

Learn more about automotive towing insurance ›

Electrical Contractor Commercial Insurance

Electrical contractors perform a variety of tasks, which can vary from location to location and job to job. They may be asked to complete a quick installation of some wiring at an office, while other occasions may require that they perform week or month-long contract projects. In the course of providing electric work to businesses and homeowners, contractors face a variety of work-related risks. By purchasing commercial insurance coverage, they can shield their business from financial exposure, or potential liability, in the event of a claim related to an accident, or damage, or unanticipated economic loss.

Learn more about electrical contractor commercial insurance ›

Commercial Agribusiness Insurance

Agribusinesses range from large corporations to family owned food manufacturing companies. The owner/operators may serve in management positions, perform agricultural analysis, or provide traditional farming services. There are a variety of specialty niches involved with agribusiness including chemical, fertilizer, or seed sales, manage food manufacturing companies, or running grain trading operations or elevators. Quality commercial insurance coverage can allow food safety organization owners, along with owners of industrial development companies, or those who operate a commodity trading, farming, and ranching business, to retain its assets, and continue to function, if faced with an unexpected loss, accident, or claim.

Learn more about commercial agribusiness insurance ›

Natural Gas Distribution Insurance

In some areas, people may receive natural gas directly from a pipeline, while in other regions local gas distribution companies (LDCs) provide natural gas services as a public utility. It is important that owners of private natural gas dealing or distribution companies protect their business in case of a loss, accident, or claim.

Learn more about natural gas distribution insurance ›

Commercial Insurance for Wineries, Breweries and Beverage Distilleries

Whether they fill casks with Cabernet or Riesling, brew seasonal ales, porters, and stouts, or produce cider, whiskey, or brandy, owners of brewing companies, wineries, and beverage distilleries should make sure that their business is adequately insured.

Learn more about distillery insurance ›

Commercial Insurance for Beer and Wine Bottling Companies

Companies that provide bottling services for nationally-known ales, microbrews, and special wine vintages all know that in the course of transporting alcohol, manufacturing or purchasing bottles, labeling, and preparing bottles for sale, their business and its employees face a variety of risks.

Learn more about bottling insurance ›

Watch, Jewelry, Precious Metal Sales And Repair Insurance

Owners of precious metal shops, watch repair outlets, and jewelry stores are keenly aware of the risks to their business. In case a shop’s stock of silver serving trays becomes damaged during delivery, a one-of-a-kind gold bracelet is stolen after someone asks to try it on, or a watch repair store’s boiler brakes, forcing it to close its doors for a few days, adequate business insurance coverage can mean the difference between a significant loss and continuing on with business as usual.

Learn more about precious metal repair insurance ›

Commercial Insurance Coverage for Apartment Buildings

The primary asset for the apartment rental business is the commercial property itself. While most apartment building managers and owners can’t control the activities that occur inside of their properties, except those that are governed by the terms of a tenant’s lease, they can protect the actual structure of a property. Commercial liability coverage for rental value may also be important to apartment property owners who want to protect their ability to retain cash flow in the event of economic loss.

Learn more about apartment building insurance ›

Fine Arts Insurance

Owners and Collectors of fine arts pieces appreciate the value of having a model, print, painting, or photograph, which may be of significant value. Whether they operate a museum, run a gallery, or have a private collection in their home, fine arts owners need to have liability coverage.

Learn more about fine arts insurance ›

Crop-Hail and Multi-Peril Insurance

Whether they operate on a small scale as an organic enterprise, as a contractor for a wholesale grocery store, or for a multinational corporation, they need to have dependable multi-peril crop insurance (MPCI) and crop-hail insurance coverage.

Learn more about crop-hail and multi-peril insurance ›

Banks, Savings, Trust, Loan and Credit Union Insurance

In the course of handling, transporting, and transferring large sums of money and dealing with the public, financial institutions and their employees and owners, are subject to a variety of liabilities and risks. To make sure that their organization is adequately shielded so it can avoid potential legal and financial liability in the event a claim is filed, or a loss occurs, banks, savings, loan and trust businesses, and credit unions need to have a dependable commercial insurance policy.

Learn more about bank, savings, loan and credit union insurance ›

Learn more about financial institution bond insurance>

Food Preparation And Grocery Distributor Commercial Insurance

Whether preparing individual portions for purchase or transporting bulk food goods, food distributors and food preparation businesses are charged with the task of delivering these edible products to their customers on time, while observing food safety standards, and complying with other laws and regulations. As a result, there are many risks that need to be considered when researching your liability policy.

Learn more about food preparation and grocery distribution insurance ›

Metal Manufacturing Commercial Insurance

Owners of metal manufacturing businesses should know the importance of protecting their business and its employees. In the event of an accident, property damage, or financial loss you need to be covered with the proper liability policy. There are a variety of risks associated with a manufacturing business, such as an employee being burned while using a plasma torch, or a metal stamping machine malfunctioning, causing a substantial loss of inventory.  Because of these potential risks and others metal fabrication companies need commercial insurance coverage.

Learn more about metal manufacturing insurance ›

Commercial Insurance for Supermarkets

There are many risks associated with a supermarket. Employees could cut themselves on a commercial meat cutter, a patron might fall on a patch of ice on the property or on a wet floor inside the store, or food spoilage could cause illness among staff and customers. In case of a financial loss, claim, or lawsuit, super markets should have commercial insurance coverage they can count on to keep their operations, assets, and staff shielded from personal liability.

Learn more about supermarket insurance ›

Wood Manufacturing Insurance

Wood manufacturing businesses are specialized and have their own unique set of risks and associated liability. They manufacture wood floors, wooden containers, and veneers, and may also build furniture, cabinets, fixtures, and pallets. Employees may be sawing, shaping, planning, assembling, and laminating wood and wood products. Whether they are wholesalers, contractors, or a private business, wood manufacturing businesses need adequate insurance coverage.

Learn more about wood manufacturing insurance ›

Social Service Business Insurance

Non-profit organizations that offer assistance to individuals and families provide a necessary social service to many. Whether they operate as a shelter, or offer job coaching, residential care, mental health or drug and alcohol treatment, or crisis counseling, these entities provide a way for individuals and families to work through problems or difficult periods in their lives. Because of the nature of the services offered to residential and out-patient clients, employees providing these services, and directors and officers of these social services businesses, are exposed to many risks. This is why they need comprehensive commercial insurance coverage.

Learn more about social service commercial insurance ›

Electrical Supplies and Equipment Business Insurance

Electrical supplies and equipment companies provide materials that are used in many different capacities, from safety switches at construction sites, to transformers utilized in HVAC projects, to outlet strips mounted in doctors’ and dentists’ offices. Their employees may transport electrical boxes, enclosures, and raceways to job sites, work with receptacles and conduits, or repair damaged wiring or fuses. Because of the risks associated with their business, electrical equipment and supplies companies need sufficient insurance coverage.

Learn more about electrical supplies and equipment business insurance ›

Commercial Auto Insurance

Almost all forms of business rely on transportation for goods and services through the use of cars, trucks, or other motor vehicles. In fact, the majority count on vans, or other autos on a daily, if not hourly, basis. Because of the risks that come along with driving in general it is important for business owners to make sure that their organization has a liability policy with commercial auto insurance coverage for their automobiles and other vehicles.

Learn more about commercial auto insurance ›

Commercial Printing Insurance

Commercial printing has multiple facets to its business, ranging from press machine operations, small and large orders, or sending out direct mailings for another local business. Commercial printing companies and their employees could easily make a mistake that could end up costing them a great deal of time and money – especially if a lawsuit ensues. Mistakes on orders such as printing the wrong address or slogan, shipping too many or too few posters or flyers to a client, or actual damage to the building or property could all lead to financial loss, or a claim for a printing company. This is exactly why it is important for printing businesses to have commercial printing insurance coverage.

Learn more about commercial printing insurance ›

Commercial Computer Maintenance, Repair and Service Insurance

Consultants and technicians who provide service and maintenance to keep computers running are often lifesavers when important information or other digitized information is on the line, at risk of being lost, or taken down to a virus. Because they work with other professionals, and individuals, and provide specialized services, those who work in the computer maintenance and repair field need to have commercial insurance coverage for their business, whether they are an independent contractor, or operate a company.

Learn more about commercial computer maintenance insurance ›

Hotel and Motel Commercial Insurance

The hospitality industry has it’s very own unique set of liability risks. Hotels and motels are used for business, personal weekend getaways, or a full on family vacation. Some guests may even take up temporary residence at an extended stay motel, while others spend just a single night in an upscale boutique hotel. Whether their guests stay awhile, or only for a night or two at a time, and no matter their location or capacity, hotels and motels need business insurance coverage in case of property damage, theft, or an accident.

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Concrete Contractor Insurance

The primary difference between concrete and cement is that concrete is made of the combination of water, aggregate, and cement. Concrete can be used for things like floors, sidewalks, engraved monuments, and sculptures. Contractors, masons, and construction workers are just some of the many professionals in various industries who work with cement and concrete. Concrete artisans deal with a variety of styling products involving coatings, dyes, stains, and overlays. For small and large operations, businesses that use various kinds of concrete products need to have commercial insurance coverage.

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Carpenter Insurance

Carpenters are skilled laborers, and many have years of experience and specialized training. Carpenters are most commonly thought of as working in the construction industry, but they are also employed in designing and assembling furniture for small businesses and corporate retailers, building stage sets for theatrical productions, and concrete pouring and other parts of highway construction. Since their trade subjects carpenters to risks they need specific carpentry work insurance.

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Bank Holding Company Insurance

Bank holding companies are corporations that control at least one bank. Because they are tightly regulated and serve a unique purpose in state and national finance and commerce, bank holding companies and their officers and shareowners are subject to a variety of liabilities and risks. To keep their operations properly protected in case of a lawsuit or claim, they need the proper commercial insurance coverage.

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Commercial Insurance for Hardwood Dimension and Flooring Mills

Hardwood dimension and flooring mills operate on different scales, and in different lines of business. A mill might have four employees or four hundred employees. They may have branches across the country, or a single location in a small town. One common denominator is these companies and their owners and employees should be properly protected with commercial liability coverage.

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Condominium, Townhome and Homeowner’s Association Insurance

Condominium, Townhome and Homeowner’s associations want commercial insurance that they can depend on in the event of an accident on the premises, legal liability, or property damage to the common areas, individual units or facilities.  As residential associations, commercial associations may be concerned with a variety of risks related to individual units, machinery in use on the premises, or construction projects on the grounds.  With quality commercial insurance coverage associations can make sure that their residential property and its fixtures are safeguarded in the event of loss, damage, or destruction..

Learn more about condominium, townhome and homeowner’s association insurance ›

Commercial Insurance for Industrial Warehouse and Storage Facilities

Whether their warehouse is used for contract purposes, or operates as a private business, warehouse owners should make sure that it is safeguarded with commercial insurance coverage. Depending on the terms of a particular policy, business insurance for a warehouse can afford mechanical breakdown coverage, coverage for motor truck cargo, and building and personal property insurance for a warehouse and its contents.

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Commercial Insurance for Churches, Synagogues and other Religious Organizations

Religious organizations have multiple areas of exposure to risk. Whether it is exposure because of a property risk or personal in nature there should be the proper coverage in place.

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Cyber Liability Insurance

People in every industry use computers every day to buy and sell products, collaborate on projects, and develop relationships with contacts, managers, and customers.  Because of the risks associated business owners should make sure that their company is protected.  They need commercial insurance coverage that includes cyber liability insurance in case of an internet-related claim against their organization.

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Long-Term Care Nursing Liability Insurance

Facilities providing long-term care need professional liability and workers’ compensation insurance.

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Handyman Insurance

Handyman Insurance options available to individual handymen to protect their business against losses due to injury and/or property damage.

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Cleaning and Maintenance Insurance

Cleaning and Maintenance Insurance options available to individuals to protect their business against losses due to damage. These very important businesses range in size from one person working out of a home to multi-state corporations with thousands of employees. The services vary from janitorial to complex maintenance.

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Aviation Insurance

Airplanes, drones, helicopters and other flying machines need aviation insurance. This class of insurance could also apply to the services surrounding them.

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While the majority of people want an agent involved in their purchase of insurance, many people want to see if they can save money by buying direct from the insurance company. Others want to try a direct quote to make sure the premium they’re now paying through their local agent is fair. If you want a quote for your coverage, click on the competitive quote button on the right side of this page.