Business owners should carefully consider their Commercial Insurance coverage needs. Member’s Assurance and our partners offer a wide range of vital protection related to business. From vehicles to property and the employees within the business, owners can safeguard their investment and lessen the risk of property loss and liability exposure. Member’s Assurance independent agents can help guide you through these important protections and set up a program to meet your business needs.
Commercial General Liability Insurance (CGL)
Bodily injury, property damage, general business liability, and advertising injury are typically covered with a CGL policy. As a convenient catch-most type of policy, many businesses can use it as a starting point for their insurance needs – in terms of liability.
Commercial Property Insurance
A commercial property insurance policy could be thought of as a commercial version of a homeowner’s policy, in terms of property. You will find similar covered items, such as fire, theft, and natural disasters that pertain to the business property. If your business owns some type of physical location, it would be wise to consider a commercial property insurance policy.
Business Income Insurance
Business Income coverage provides loss of income for a business in the case of a covered loss. This coverage ensures business continuity in a difficult situation such as replacing much needed income when a property is unusable and in the process of being rebuilt due to a fire, for example.
Business Owner Package (BOP)
Many business owners can take advantage of the flexibility of a BOP policy. These policies often combine business property, business income, and general liability coverage. The BOP is somewhat of an all-in-one type of policies for businesses.
Commercial Auto Insurance
Any vehicle that is used for business purposes will have some type of commercial business liability exposure. All commercially used vehicles, regardless of ownership being personal or business owned, warrants consideration for commercial auto insurance coverage. Commercial auto policies can insure business-owned vehicles as well employee or contractor owned vehicle when used in the business through hired/non-owned auto liability endorsement. Let our team of Member’s Assurance professionals help you identify if a commercial auto policy is right for you.
Workers that are hurt on the job can rely on workers compensation for income loss and medical expenses. This coverage is required in most states, and it often extends to temporary employees or contractors as well. Speak with one of our Member’s Assurance independent agents and let us help you set up a workers compensation plan for your business.
Other Types of Commercial Coverage
There are other types of the specialized commercial coverage needs for business such as Employment Practices Liability Insurance, Inland Marine coverage, and others. We at Member’s Assurance are here to help you determine what exposures your business may have, and strive to provide sound advice on the available solutions.