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Business insurance

Commercial Insurance Policies

Business insurance policies are designed to protect businesses from various risks that can impact their operations, finances, and reputation. Here’s a comprehensive list of common business insurance policies:

General Liability Insurance

Coverage: Protects against claims of bodily injury, property damage, and personal injury (such as defamation or false advertising).
Use: Essential for all businesses to cover legal costs and damages if the business is sued.

Business Workers Compensation Insurance

Coverage: Provides benefits to employees who are injured or become ill due to their job.
Use: Required by law in most states; covers medical expenses, lost wages, and rehabilitation costs.

Commercial or Business Auto Insurance

Coverage: Covers vehicles used for business purposes, including liability for bodily injury and property damage, as well as physical damage to the vehicles.
Use: Necessary for businesses that use vehicles for operations, such as delivery or transportation services.

Commercial Excess or Umbrella Insurance

Coverage: Provides additional liability coverage beyond the limits of existing policies, such as general liability or commercial auto insurance.
Use: Offers extra protection for businesses facing substantial liability risks.

Commercial Insurance Policies

Commercial Property Insurance

Coverage: Covers damage to business property caused by fire, theft, vandalism, and certain natural disasters.
Use: Protects physical assets, including buildings, equipment, inventory, and furniture.

Business Owners Policy Insurance (BOP)

Coverage: Combines general liability and commercial property insurance into one policy.
Use: Ideal for small to mid-sized businesses, offering a comprehensive package at a lower cost.

Inland Marine Insurance

Coverage: Covers goods, equipment, and materials while they are in transit over land or temporarily warehoused by a third party.
Use: Useful for businesses that frequently transport property or engage in mobile operations.

Pollution Liability Insurance:

Coverage for Cleanup: Covers expenses related to the cleanup of pollutants released into the environment.
Examples: Costs associated with removing contaminated soil, cleaning up water sources, or restoring affected areas.

Professional Liability Insurance (Errors & Omissions Insurance)

Coverage: Protects against claims of negligence, errors, and omissions in the professional services provided by the business.
Use: Crucial for service-based businesses, such as consultants, lawyers, and accountants

More business insurance

Product Liability Insurance

Coverage: Covers claims arising from injuries or damage caused by a product manufactured or sold by the business.
Use: Essential for manufacturers, distributors, and retailers to protect against product-related lawsuits.

Cyber Liability Insurance

Coverage: Protects against data breaches and other cyber incidents, covering legal fees, notification costs, and credit monitoring services.
Use: Important for businesses that handle sensitive customer information or rely heavily on digital operations.

Employment Practices Liability Insurance (EPLI)

Coverage: Covers claims made by employees alleging discrimination, wrongful termination, harassment, and other employment-related issues.
Use: Provides protection against employment-related lawsuits, helping businesses manage HR risks.

Directors and Officers (D&O) Insurance

Coverage: Protects the personal assets of company directors and officers in the event they are sued for wrongful acts while managing the company.
Use: Important for companies with a board of directors, ensuring leadership can make decisions without fear of personal liability.

Gleason Insurance Brokers

844-97-USAVE | QUOTE | GENERAL LIABILITY | WORKERS COMPENSATION | COMMERCIAL AUTO | BONDS