Commercial Insurance Services takes a solution-based approach that focuses on listening to and understanding business owners’ business needs. We partner with your company to develop a customized insurance program that fits the unique characteristics and risks of your business.
We support our insurance programs and products with reliable service, underwriters who know and understand your business, and professionals who understand the challenges presently facing your industry.
Our staff looks forward to having the opportunity to do an in-depth business insurance needs assessment and/or policy comparison for your company.
Commercial General Liability
A CGL insurance policy will usually cover the costs of your legal defense and will pay, on your behalf, all damages if you are found liable—up to the limits of your policy. CGL coverage is one of the most important insurance products, due to the negative impact that a lawsuit can have on a business and because such liability suits happen so frequently.
Many Commercial Insurance policies also include Business Interruption Insurance. This policy covers up to twelve months of lost income when certain events force your client to put their business operations on hold. For example, if a fire destroys your client’s workplace, Business Interruption Insurance can pay for the ongoing costs of keeping your client’s business afloat when it cannot generate revenue.
Commercial Auto Insurance, like your personal auto policy, provides similar coverages such as liability, collision, comprehensive, medical payments (or personal injury protection) and uninsured motorist coverage. However, there are also differences between a commercial auto insurance policy and your personal auto policy that may include eligibility, definitions, coverages, exclusions, and limits.
Employees benefit from the program by receiving medical care after sustaining an injury or illness that is work-related. Injured employees receive a certain portion of their wages while they are off work for the treatment of such injury or illness, depending on state rules. States also establish their own rate of compensation when an employee loses a bodily member, is permanently disabled, or dies as a result of the work-related accident.
Workers’ Compensation is a no-fault insurance program, meaning that the injured employee does not have to go the traditional tort route of proving negligence in order to recover. In exchange, the employee generally cannot sue the employer for his or her injuries.
A Commercial Umbrella Policy increases business liability protection when the costs of a lawsuit exceed the limits of the primary underlying business liability coverage. So, a commercial umbrella insurance policy will help protect a business when accidents such as the following happen:
• A customer slips on a wet floor in your office and injures himself. The medical costs of the injuries exceed your general liability policy’s limits.
• An advertising error results in major lawsuits against your business with costs that exceed your primary business liability insurance coverage limits.