Business insurance covers many aspects of the business operations such as general liability, business personal property, damage to rented premises, loss of income, theft, vandalism, property damage, professional liability, cyber, directors and officers, and workers compensation. Business insurance is sold in different packages. The most common ones are General liability and Business owner policy (BOP).
Covers business owner’s against third party liability claims. For example, when the business is legally liable for damages to others, this coverage will provide defense costs to protect the business. It may pay damages to the third party as well. General liability standard aggregate limits is $2 million dollars in coverage and $1 million dollars in per occurrence. Additional coverage may be obtained if necessary.
Advertising Injury coverage comes into play when there’s an issue with a business’s advertising practices which may result in a lawsuit in which the business may have caused damages such as libel or slander to others.
Personal Injury coverage provides protection in case of false arrest, detention, violation of privacy or imprisonment.
Covers the property of others that the business owners have the care custody and control over it.
Covers the reimbursement of others for their medical expenses as a result of bodily injury.
Covers the insured’s property such as building, contents, and property of others in the instance that you have the care, custody or control.
Covers the combination of commercial property insurance and all the components of general liability. There are additional coverages that can be endorsed to the business owner policy such as loss of income, cyber liability, crime, terrorism, employment practice liability, and others. Business owner policies can be customised to the needs of the business owner’s needs and exposures.
Covers business owners intellectual property in case of any cyber attacks or data breach. This helps the business owner recover expenses from such losses. For example, for their loss of income, notifying customers about a data breach restoring personal identities of affected customers, recovering compromised data, repairing damaged computer systems.
Covers business owners against unlawful employment practices such as wrongful termination, discrimination, sexual harrasment, and violation of employee rights.
Covers liability insurance for directors and officers for negligence that may occur against the business.
Covers the business owner for errors & omissions and neglect acts that may result in a lawsuit.
Covers manufacturers and distributors against lawsuits through the use of their products.
AT INSURE PAL, WE PROTECT WHAT MATTERS MOST TO YOU Insure Pal is dedicated to protect individuals, businesses, and families with a peace of mind.
Personal auto insurance from competitive carrier
Protecting you like an umbrella above your primary coverage
Protection for your most valuable asset anywhere
Comprehensive coverage that a business owner needs
Protecting your business assets when you get sued
Protecting your employees when they get injured