Commercial Insurance

This coverage can be the one of the most important for your business.

General Liability can be one of the most important coverages for a business. Protecting businesses from bodily injury, property damage, and personal injury claims. We are all human. Sometimes we make mistakes. A General Liability policy makes sure that a small mistake doesn’t bankrupt your business.


What does General Liability insurance cover? 


General Liability insurance can pay to investigate and defend claims along with paying for damages such as:

 

• Bodily Injury
• Property Damage
• Personal and Advertising Injury

If you are a face-to-face with any third party in your business is best to have CGL.

Protect your building and the things inside it.

Commercial property can be an essential piece of a business’ insurance protection. Your building could be one of the largest investments you have in your business. Commercial Property can be broken down into two categories, each can be customized to fit your needs:

• Coverage for the Structure
• Protect your building and the things inside.

Whether you are a machine shop with expensive machines or a small retailer having commercial property policy is important. At Hatoway, you agent will be asking detailed questions about how your business operates to customize your coverage and minimize your exposure.

Inland Marine insurance doesn’t involve a boat or water.

Here is a good example of how Inland Marine coverage applies to a business:

A lawn mowing contractor has several mowers and other tools that do not stay on the office premises. The insurance plan would cover the lawn care business’ mowers and tools on an Inland Marine schedule. In case damage or theft of these integral pieces of their business occurs on a job-site.

We find many businesses have not talked to their agents about what materials go on job-sites and what materials stay at the shop. There can be holes in coverage for these types of businesses. Call us. Make sure that your business doesn’t take a hit, because your tools or product is not covered.

Protect the movement of your business with the right coverage.

Delivery vans, pickup trucks, dump trucks and even regular cars can all be put on a commercial auto insurance policy. You could have 50 vehicles or just your old pickup. Commercial Auto insurance policies are designed to cover your vehicles that are being used for business operations.

Commercial Auto Insurance policies are much different than personal auto policies. Different risks apply to a business that don’t apply to a private owner. Employees using the company vehicles provide risk to the business. Employees using their own vehicles for business purposes can require special coverage as well. If a business operates large trucks, larger coverage limits may need to be required. Large trucks cannot avoid doing significant damage to a third party in some cases. Protecting the business from a large medical claim or significant property damage could be very important. These are all risks that a business has to consider.

Because there are so many different ways you can use commercial vehicles it is best to talk through your situation in great detail with an agent. Our knowledgeable agents can provide customized insurance protection from several different insurance carriers to fit your specific need.

Indiana is one of many states that businesses are required by law to carry this coverage.

Workers compensation is a program designed to provide workers coverage for ailments or injuries that occur while performing a job.   The Indiana state law requires an employer to “insure the payment of compensation to the employer’s employees and their dependents.” Indiana allows the employer to find a work comp policy through an open insurance market. In other states, an employer may be required to pay into worker’s compensation through state-based program.

Rates for these insurance plans are rated based on the exposure of the job being performed. A construction worker working from large heights will be more expensive than an assistant who works at a lawyer’s office. The rate is based on risk of serious injury or disease. However, many insurance carriers provide credits or preferred pricing to companies who have a good loss history. Workers Compensation insurance helps the victims of workplace injury. It will help cover medical expenses and lost wages. An employer owes it to their staff to have the correct coverage in place.

What do you think about when you hear the word Umbrella? We think protection.

The catastrophic loss that really effects your business. It could come from an auto accident caused by an employee. It could be a bad injury to a client due to a product malfunction. Whatever the cause a Commercial or Business Umbrella can provide the peace of mind that a large claim won’t put you out of business.

Our knowledgeable agents can help you determine what type of limit your Commercial Umbrella needs. Defense costs, medical bills, property damage, etc. can add up quickly in a catastrophic claim. We care for the future of your business.

Many carriers offer a package policy that is designed for small businesses. They include General Liability, Commercial Property, and Inland Marine coverage listed above and combines them into one policy. The BOP is a very great way for a small business to carry the correct coverage.

Are you a small business owner? Do you have time to go over your insurance coverage each year to make sure your business is covered correctly? No? It’s tough. Small Business owners have so many balls in the air to make their business successful. Hatoway Insurance Partners understands this and wants you to have an expert in your corner. Call us today to discuss your business so that we can design a great insurance package for you.