
Directors & Officers Coverage
The types of claims are dependent upon the nature of the corporation. For public companies, claims are primarily due to lawsuits by shareholders after financial difficulties, 69% of public traded companies had claimed for a shareholder lawsuit in the past 10 years.
Workers’ Compensation
Such benefits may include cash or wage-loss benefits, medical and career rehabilitation benefits, and in the case of accidental death of an employee, benefits to the dependents.
So if you have an employee, by California law you must have Workers’ Compensation coverage for them. Workers’ Compensation is very complex so give us a call, we are experts at it!
Commercial Property
A Commercial property policy includes overages for assets like accounts receivable, computers, and loss of income for when business operations are suspended due to a covered loss.
Business can tailor their coverage to include additional protection like valuable papers and records coverage that can help pay for important documents. Commercial property coverage always comes in a deductible, ranging from $500 to $25,000. A higher deductible is not always the smart financial move, the higher the deductible the lower the credit.
Give us a call we can help you with all your property coverage.
Cyber Liability
Wow, that was confusing, in other words, if you keep personal data like social security numbers, credit cards numbers, or even medical records, you need this coverage. If your system is hacked into, and this type of information is taken, you are looking at tens of thousands of dollars in fines and mandatory credit checks for your clients.
This type of loss would be catastrophic to a small or medium-sized business. Give us a call so we can review this coverage with you. You will be glad you did.
Commercial Auto
The commercial auto policy has five sections that define the coverage, including the type of vehicles, cause of damage, and type of damage covered, in addition to both the company and the businesses’ obligations in the event that the damage occurs.
The commercial auto policy is much more complex than a personal auto policy, give us a call for a free review of coverage. You may be glad you did.
Commercial Umbrella Policy
This additional liability limit is on top of the primary general liability limit. For example, Let’s say your primary policy has a liability limit of $1,000,000, and you purchased an umbrella with a limit of $2,000,000.
Your primary policy will pay first, and once that limit has been exhausted the umbrella limit will come into play. The most important question when it comes to an umbrella policy is, how much is enough? You should always be insured up to your total assets, but again that is enough. Give us a call and we will help insure you correctly.
Loss of Income Coverage
Business income insurance works in conjunction with your property policy and provides coverage for events beyond your control such as fire, wind, vandalism, and water damage. There are other endorsements that broaden the loss of income coverage, give us a call and we will tell you about it.
Inland Marine Coverage
Inland Marine Insurance pays for losses to movable or specialized types of property on land, not water, hence the name Inland Marine.
Types of property include construction equipment, medical diagnostic equipment, fine arts, solar panels, cameras, movie equipment, musical instruments, and a wide variety of other types of property.
Almost any type of property can be covered by an Inland Marine policy, so if you have equipment that leaves your place of business, you need Inland Marine Coverage. Give us a Call for A Quote