Did you just start a business and don’t know where to turn? We can help guide you through the initial requirements for coverage and streamline your insurance portfolio to enable you to concentrate on running your business.
By speaking with one of our small business experts, you can get answers to questions like:
• What type of insurance do I need?
• How much coverage should I get?
Have you hired your first employee yet? This coverage is mandatory in most states to cover employees if they are injured on the job.
Have you started operating yet? General Liability protects your business and provides coverage for potential lawsuits brought by third parties alleging bodily injury or property damage. It could also provide coverage for personal and advertising injury for things like libel or slander.
Do you have office space yet? This coverage can be combined with General Liability to form a BOP (Business Owner’s Policy). A BOP is a type of commercial insurance designed for small and mid-sized businesses. Commercial property would cover the replacement cost of your business property, like computers or furniture in the event of fire or theft. It would also cover loss of income due to a business interruption.
Errors & Omissions/ Professional Liability
Is your business up and running? Errors & Omissions can safeguard your business against lawsuits due to negligent acts, breach of contract, project delays, breakdown of client relationships, creative differences, or intellectual property infringement.
Do you have a website? Do you collect personal data (like names, addresses, emails)? Do you collect payments on your site? Cyber Liability can cover a wide variety of claims including, data breaches, cyber extortion, business interruption, and virus transmission.
Directors & Officers Liability
Are you growing? Are you raising capital or taking on investors? Directors & Officers (D&O) is a crucial component to your risk management portfolio to cover financial injury as a result of the alleged mismanagement of the company.
Additional Coverage To Consider
- Hired and non-owned Auto Liability
- Employment Practices Liability
- Fiduciary Liability