Risk Management

Commercial Property policies cover the physical building that your business owns or rents. These policies should also cover your equipment, computers, tools and furniture.

You need protection from accidents or injuries that may occur at your business. General Liability insurance coverage can protect your business from these unexpected and usually large expenses.

You have an obligation to ensure a safe workplace for your employees. By law, businesses are required to have Workers Compensation Insurance. Workers Compensation insurance can provide critical coverage to protect you from those unpredictable occurrences.

Errors & Omissions (E & O) insurance is a form of liability coverage that protects your business from claims of professional negligence. Since these cases are often lengthy, the potential cost to the business can sometimes be catastrophic and sadly lead to your business closing.

Cyber Liability is the risk that is posed to your business when you store information on the internet or even in paper files. Your business may face a cyber liability risk with the information they collect or store.

Commercial auto insurance is a business insurance policy that applies to autos owned by or used in your business that protects your business against liability for damages caused by accidents involving your business autos and provides certain compensation to occupants of your business autos injured in accidents.

Commercial property insurance protects your company’s physical assets from many unforeseen events, such as fire, explosion, storms, theft and vandalism.

Business income insurance, also known as business interruption coverage, helps cover lost income and additional expenses when your business is shut down from a covered loss. Typically, the business income covered is classified as taxable income. This includes any income that results from business activity.

Equipment breakdown coverage is an optional part of a business insurance policy that may help pay for the costs of repairing or replacing damaged or broken-down equipment after a covered incident.

Flood insurance covers losses directly caused by flooding. In simple terms, a flood is an excess of water on land that is normally dry, affecting two or more acres of land or two or more properties. For example, damage caused by a sewer backup is covered if the backup is a direct result of flooding.

Mobile equipment insurance is insurance coverage for mobile equipment that does not qualify as motor vehicles, including tractors, forklifts, and excavators

Inland marine installation floaters provide coverage for a contractor’s materials from when they leave the contractor’s business until they are installed and that job is signed off. Installation floater coverage is typically purchased by the contractor or subcontractor.

A stock throughput policy (STP) is a marine policy that insures a company’s inventory and the flow of goods from the source of production to its final destination, whether at a place of storage or a retail store. An STP has three components: Ocean cargo insurance. Inland transit insurance.

What is Cargo Insurance? Insurance that generally protects shipments from loss, damage, or theft while in transit. This coverage is beyond basic claims insurance that may be provided, and it will reimburse for the designated value of the goods if a covered event occurs while the freight is in transit.

Available coverages address loss of money, securities, and other assets resulting from dishonesty, theft or fraud (including computer fraud).

The Fiduciary Liability Insurance Policy (FLIP) is designed to protect fiduciaries against breach of fiduciary duty claims and more.

Directors and officers (D&O) liability insurance protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company.

Employment Practices Liability Insurance (EPLI) includes coverage for defense costs and damages related to various employment-related claims including allegations of Wrongful Termination, Discrimination, Workplace Harassment and Retaliation.

 liability of an employer for an error or omission in the administration of an employee benefit program, such as failure to advise employees of benefit programs.

Professional liability insurance is a type of business insurance that provides coverage for professionals and businesses to protect against claims of negligence from clients or customers.

Medical Professional Liability is a type of business insurance that provides coverage for medical professionals and institutions against claims of negligence from patients.

Transaction Liability also known as Representation and Warranty Insurance is a type of insurance policy purchased in connection with corporate transactions, and covers the indemnification for the cost of certain breaches or alleged breaches of the representations and warranties in the transaction agreements.

What does pollution liability insurance cover? For the most part, a standard pollution liability insurance policy generally covers claims for bodily injury, property damage, business interruption, crisis management, transportation liability, as well as clean-up costs associated with the toxic materials.

Product liability insurance helps protect your business from claims that a product you made or sold caused bodily injury or property damage to someone else’s belongings. An insurance company may offer this coverage as a standalone policy, but we include it as part of your general liability insurance.

Product Recall — insurance coverage for the cost of getting a defective product back under the control of the manufacturer or merchandiser that would be responsible for possible bodily injury (BI) or property damage (PD) from its continued use or existence.

Intellectual Property Infringement Abatement Insurance — coverage that reimburses insureds for legal expenses incurred when an insured enforces a patent, trademark, or copyright against infringers.

Provides financial coverage for various international risks such as General Liability, Property, Auto and Workers Compensation