Having the right types of insurance in place is an important aspect of running any business. While we are based in Minneapolis with an office in Kansas City, we are happy to support your business in any of the many states in which we are licensed. Commercial insurance can provide protection against auto accidents, liability lawsuits, property damage and onthejob injuries, but only if a business has the proper policies in place. For this reason, business owners should review their company’s insurance portfolio with an independent agent. If you own a business, here are some types of here are some types of policies you might want to discuss with a consultant or agent.
Commercial General Liability Insurance (CGL)
Because of its broad liability coverage, every business should have a commercial general liability insurance (CGL) policy. Depending on the exact CGL policy purchased, it may afford protection from:
- injuries that manufactured products cause
- lawsuits over slander or libel
- injuries that customers sustain while visiting company property
Commercial Auto Insurance
Businesses that have company cars need auto insurance policies, just like individuals who drive vehicles do. Commercial auto insurance policies, however, have different coverages and limits than personal ones. To understand how a commercial policy would treat different types of accidents, call one of our independent agents. Hired and Non Owned Auto coverage does not generally cover the car you rent! It covers your liability while driving that car, but special endorsements are necessary for coverage on the rented car. Commercial auto policy features and endorsements depend on your type of business. Let’s talk
Commercial Property Insurance
Commercial property insurance covers more than just your business’ buildings. Commercial insurance can also protect raw materials, finished products and even client’s belongings that are stored in your company’s buildings, depending on a policy’s precise terms. You will want to discuss where Commercial Property leaves off and where Commercial Articles might begin, say, for tools, forklifts, and other mobile items.
Workers compensation is designed to insure companies against injuries that employees sustain while on the job. A workers comp policy, as this insurance is often called, may include coverage for diagnosis of, treatment of and rehabilitation after an injury.
Here are three workers’ compensation guides with something for everyone!
Employment Practices Liability Insurance (EPLI)
Coverage for defense costs and damages related to various employmentrelated claims, including allegations of Wrongful Termination, Discrimination, Workplace Harassment and Retaliation deriving from the employeremployee relationship.
Directors and Officers Liability Insurance (D & O)
Coverage for defense costs and damages (awards and settlements) arising out of wrongful act allegations and lawsuits brought against an organizations board of directors and/or officers.
Cyber Risk Insurance
In today’s datadriven world, organizations of all sizes have had a cyber attack or data breach, with 30 percent of incidents affecting businesses with fewer than 250 employees. It’s not a question of if your organization will suffer a breach, but when. Just one stolen laptop, one resourceful hacker, one virus or even one lost paper record of customer data or your company’s financial records can create enormous financial and reputational consequences for your business. Coverage through Travelers or Hartford CyberRisk coverage is available for organizations of all sizes, including nonprofit organizations. Offered as a standalone policy or as part of a comprehensive suite of other management liability coverages, CyberRisk provides a combination of coverage options to help protect your business.
Professional Liability: Errors & Omissions or Malpractice Insurance
What is your profession? Professionals often have a higher duty of care. Professional liability provides coverage for negligence in the performance of services where a reasonable standard of care is expected. Calhoun Risk Management offers miscellaneous professional liability for a variety of industry, such as CPAs, attorneys, engineers, salon workers, real estate agents, property managers, and more.
provides coverage for negligence in the performance of services where a reasonable standard of care is expected. Calhoun Risk Management offers miscellaneous professional liability for a variety of industry, such as CPAs, attorneys, engineers, salon workers, real estate agents, property managers, and more.