Insurance coverage is available for almost every type risk your business might face. Our agency can advise you on the exact types of commercial insurance you should consider purchasing. The right commercial insurance policies will go a long way toward helping you safeguard your earning power and your future. If you are a business owner, here are a few insurance products that you should consider.
Business Income or Loss of Rents
Commercial Property Insurance can cover loss of business income when damage that has occurred to the business premises (by a covered cause of loss), causes a slowdown or suspension of operations. It can include lost net income, continuing expenses, and even relocation expenses. This coverage is not always automatic, and needs to be added with specific limits.
If your business stores sensitive or non-public information about employees or clients on your computers, servers or in paper files, you are responsible for protecting that information. If a breach occurs either electronically or from a paper file, a Data Breach Policy will provide protection against the loss. Cyber breaches have increased over 45% in the last year. 30% of breaches occurred in firms with less than 100 employees. Every state has laws regarding notification of breaches which cost as much as $200 per person per breach.
If you operate a thriving business, your Commercial Liability Insurance may not be enough to protect yourself in the event of a loss. We recommend you consider adding a Commercial Umbrella Policy to protect yourself. A well designed Commercial Umbrella Insurance Policy is one of the main lines of defense in today’s increasingly litigious society. For a reasonable premium, a Business Umbrella Policy adds another layer of protection to any of several other policies that you might carry including General Liability, Employer's Liability, and Hired and Non-owned Auto Liability policies.
Errors & Omissions Insurance
Errors and Omissions, also known as Professional Liability Insurance, helps to protect your business from lawsuits and claims which may occur as a result of providing professional services or not delivering on a commitment or promise. If you provide any kind of “professional” services you need to consider this insurance.
As our name implies, we strive to make your insurance experience positive. We understand you have many options when it comes to getting insurance, so we are going to strive to give you first class customer service you deserve.
Dog bite claims are increasing at a dramatic rate in the U.S., and so is the cost to settle a dog bite claim. In 2014, dog bite claims accounted for over one third of all homeowner’s claims. Nationally, in 2014, these claims cost over $530 million. Over the past three years, the number of dog bites has increased at a rate of about 5% per year. In California, the average dog bite claim cost insurers about $34,000 per claim. Texas and Florida were close behind.
Does my homeowner’s insurance cover dog bites?
Not all homeowner’s insurance policies purchased online may cover costs associated with dog bites, and even those that do often exclude certain “dangerous” dog breeds like German Shepherds, Rottweilers and Doberman Pinschers.
Most basic homeowner’s policies we provide do cover injuries resulting from dog bites. We always recommend that you contact us if you own a dog or acquire one. If your dog bites a family member living in the home, your homeowner’s policy will not cover that.
These dogs are blacklisted by many insurers:
Driving distractions are an increasing occurrence in America due to the growing use of hand-held devices. Driving is a skill that requires your full attention to safely control your vehicle and respond to events happening on the roads around you. Driving involves constant and complex coordination between your mind and body. Any event or thing that prevents you from operating your car safely is considered a distraction. For example, driving while using a hand-held device increases the likelihood you will be in a car accident by 400%. This has been a factor that has influenced recent restrictive legislation in our state banning hand-held devices while operating a vehicle.
While using cell phones behind the wheel is one of the most talked about driving distractions, it’s not the only one out there. There are many other things that we do behind the wheel that you may be surprised to find are considered driving distractions!
While the list could be endless, the main types of driving distractions include:
When you are driving, the condition of the roadway you are on and the behavior of other drivers can change abruptly, leaving you little or no time to react. When you are driving, follow these rules: