General liability insurance helps protect a company’s assets in cases where bodily injury or property damages result from an unforeseen incident. It covers areas of liability that concern a business’ property, operations and products. Property protections cover any accidents or injuries that take place on a company’s property. Product protections cover any damages or injuries caused by a product design or malfunction. General liability insurance also covers any legal costs associated with a liability claim. These costs may include lawyer fees, court expenses as well as any loss of earnings that result from having to make court appearances.
More commonly referred to as Errors & Omissions (E&O), but also referred to as professional indemnity insurance (PII), Professional Liability Insurance will protect you if you or your company provides professional advice or provides a service. Its purpose is to protect you from bearing the full cost of defense against a negligent claim made by a client and any damages awarded such as a civil lawsuit. Depending on your coverage, Professional Liability Insurance may also provide for defense costs, including when legal action turns out to be groundless. This coverage does not include criminal prosecution or a wide range of potential liabilities under civil law which may be subject to other forms of insurance. E&O Insurance is a requirement for certain professionals and other areas of expertise (i.e. medical, legal, real estate, attorneys, doctors).
Whether you are leasing an office space or you own your building, Contents Coverage provides protection for the contents of your office from office equipment, furniture and electronics to computers and software. Additional coverages may apply.
Valuable papers insurance provides coverage in the event that the vital records which are kept in your office are damaged or destroyed, due to fire, water damage and/or other circumstances. This coverage pays for the loss of vital papers and the cost to replace the records up to the limit of the insurance and after application of any deductible. The types of records covered may include a variety of documents including client records, drawings, abstracts, deeds, mortgages and manuscripts, contracts, books, maps, etc.
An Employee Dishonesty policy covers the loss of money or products due to the fraudulent or dishonest conduct of one of your employees for their own personal gain or someone else’s. Depending on your policy, this type of coverage may offer a variety of benefits including Unidentifiable Employee, which covers a loss even if you are unable to identify the specific employee.
Most states (with a few important exceptions) essentially require employers to purchase an insurance policy to handle their statutory obligations to workers who are injured or made ill due to a workplace exposure. Whether your business is small or large, handling the expense and effort of meeting those statutory obligations is an ever-present challenge. We can help you take care of these needs.
A bond insurance policy is essential when you or your company is involved in the following:
Bond insurance is also available in specialty forms for certain trades and professions, such as providing cleaning services, trust fund managers, attorneys and individuals covering pensions. Our commercial specialists will guide you with the bond insurance policy that’s right for you.
Use of a PEO saves time and staff that would be used to prepare payroll and administer benefits plans, which may reduce legal liabilities or obligations to employees that it would otherwise have. One key service usually provided by a PEO is to secure Workers Compensation insurance coverage at a lower cost than client companies can obtain on an individual basis. Essentially, a PEO obtains Workers Compensation coverage for its clients by negotiating insurance coverage that covers not just the PEO but also the client companies. Another benefit of having a PEO is that audits are eliminated by the workers comp company.