Business Insurance
For businesses, there are various types of insurance available, such as property insurance, liability insurance, commercial auto insurance, workers' compensation, and more. We represent a broad network of carriers by collaborating closely with our underwriters to ensure they thoroughly comprehend and accept our clients' risks. Our commitment to integrity and professionalism has established us as a partner with our carriers, allowing us to this relationship for the benefit of our clients.
About Business Insurance Coverage
Business Liability Insurance
Mistakes can occur, which is why liability insurance is essential. Liability insurance essentially rectifies errors made by your business, offering protection against claims related to negligent activities (such as injuries resulting from your product) or a lack of reasonable care. Typically, the insurer covers damages, legal defense costs, and settlement fees.
How much liability coverage do you require?
Determining the appropriate amount can be challenging, as there are no definitive benchmarks. While some brokers suggest aligning your coverage with the highest court award relevant to your industry, others base their recommendations on the value of your company’s assets. Furthermore, unlike property, which has a set value, liability claims can be limitless. In a society prone to lawsuits, the potential costs could be substantial.
Workers Compensation Insurance
Workers’ compensation insurance protects both your employees and your business when work-related injuries or illnesses occur. If an employee suffers an injury on the job or develops a work-related medical condition, workers’ comp steps in to cover their medical expenses, rehabilitation costs, and a portion of their lost wages.
In exchange for these benefits, employees generally forfeit their right to sue your company for workplace negligence. Coverage also helps protect your business from legal expenses and potential damages if an injured worker does pursue a lawsuit.
Business Property Insurance
Imagine the worst-case scenario: a fire destroys your inventory, a hurricane topples a tree onto your office, or your office is broken into. Your capacity to bounce back from any of these disasters largely relies on your property insurance coverages.
Property insurance safeguards your business from physical damage or loss of your assets. These assets encompass the space your business occupies and the belongings within it. In the event of disasters such as fire, theft, or vandalism, property insurance assists in covering your expenses, whether it's for repairing damaged property or replacing what has been lost.
Business Automobile Insurance
Business Auto Insurance covers vehicles owned, leased, or operated by your business for commercial purposes. Standard personal auto policies typically exclude coverage for business activities, leaving your company vulnerable to costly claims.
A commercial auto policy protects your business against financial loss resulting from vehicle accidents, theft, vandalism, or damage. Coverage generally includes bodily injury and property damage liability for others, physical damage to your own vehicles, and medical payments for passengers.
Need Help with Business Insurance?
NH & ME Clients: (603) 424-2339
MA Clients: (978) 898-0810