Commercial Business Insurance / Business Owners Policy
No two businesses are exactly alike. That’s why we specialize in bringing you customized solutions for your business, no matter how complex your needs.
Experienced insurance professionals collaborate with you to analyze all aspects of your business, determine alternatives to manage your risk and recommend the most appropriate risk mitigation opportunities to protect your assets.
We represent prominent carriers in the market. Our relationships and the volume of business we have placed with these companies provide us with an advantage when negotiating the best price and terms for the placement of your insurance coverage.
Our depth of experience and breadth of products and services combine to give you the most effective insurance solutions for all your business needs.
Types of Coverage:
General Liability
General Liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your business is ever sued or held legally responsible for some injury or damage.
General Liability pays losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations.
Commercial Auto
As a business owner, you need the same kinds of insurance coverage for the car you use in your business as you do for a car used for personal travel — liability, collision and comprehensive, medical payments and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the “principal insured” rather than your name. This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you.
While the major coverage are the same, a business auto policy differs from a personal auto policy in many technical respects.
Professional Liability / Errors & Omissions
Unfortunately, all professionals have a certain amount of risk when it comes to liability and lawsuits. Professionals are expected to have extensive technical knowledge or training in their particular area of expertise. They are also expected to perform the services for which they were hired, according to the standards of conduct in their profession. If you fail to use the degree of skill expected of you, you can be held responsible in a court of law for any harm caused to another person or business. When liability is limited to acts of negligence, professional liability insurance may be called Errors and Omissions liability.
Whether you are a IT Professional, physician, surgeon, dentist, attorney, accountant, architect, or other professional, your liability coverage needs are unique. Our professionals possess extensive experience in establishing essential coverage that meets your unique requirements.
Since our staff have IT Professional background, we work with you to provide the coverage for you whether you are an independent consultant, IT Staffing company or IT solution provider.
Surety Bonds
Surety bonds are a type of bond that involve a promise to pay a party (known as the obligee) a set amount in the event that a second party (known as the principal) fails to meet a specific obligation, such as the fulfilling of the terms of a contract. Surety bonds serve to protect the obliged party against losses that result from the failure of the principal to meet their obligation. The party that assumes the risk in the case of surety bonds is known as the surety.
Contract Bonds
If you are a contractor that does work in the public sector, then Contract Bonds are essential to your business. There are several different types of bonds that our professionals can help you with:
Bid Bond guarantees that the contractor, if awarded the job, will enter into a contract with the owner and furnish the required performance and payment bonds.
Performance Bond guarantees the faithful performance of the terms and conditions of the written contract.
Payment Bond protect subcontractors and suppliers by guaranteeing that all claimants will be paid for labor and materials supplied to the contractor for use on the bonded job.
Maintenance Bond guarantees that for a stated period, usually one year, no defective workmanship or material will appear in the completed project.
Fidelity Bonds
Fidelity bonds are a related concept and are also known as employee dishonesty coverage and serve to cover theft of an employer’s property by the company’s own employees. Though fidelity bonds are known as bonds, the coverage they supply functions more accurately as a traditional insurance policy rather than a surety bond.
Fidelity bonds are insurance policies that protect against the losses of company monies, securities, or other property from employees who have manifested intent to cause losses to the company. Fidelity bonds can be taken out to protect company assets from a variety of crime insurance policies, such as burglary, fire, general theft, computer theft, disappearance, fraud, forgery, or a broad variety of other charges.
