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As a business owner, you have enough on your mind without having to worry about your insurance needs. You want to have the confidence that the business you've built is covered by a company that understands your business insurance needs.
Commercial business insurance provides wide-ranging protection for businesses and their subsidiaries under a single policy. There are various types of commercial business insurance that cover property, liability and workers' compensation, to name a few. While property insurance covers damages to business property and products stored within the premises; liability insurance provides cover for damages to third parties; and workers' compensation insurance covers injuries to employees.
Commercial business insurance is an important aspect of any business that cannot be ignored especially if the business premises are leased or rented and even otherwise. Whatever your commercial insurance needs, we can design a protection program that's right for you.
Williams Insurance Service provides the following types of business insurance protection:
Auto - Commercial
A commercial automobile insurance policy is required under most circumstances when the vehicle is used for business purposes and meets certain other requirements. It is not just the registration that determines the requirement for a business automobile insurance policy. Other requirements are ownership by a corporation, use in hauling goods for hire, and gross vehicle weight of the vehicle. Some small trucks can be owned and insured under a personal automobile insurance policy under specific circumstances.
Commercial automobile insurance policies are not regulated in pricing, as are private passenger policies. There is price competition between insurance companies for good commercial automobile insurance.
Please email us about this coverage: williams@wisservice.com
Trucking
Whether you’re hauling furniture across the state or packages across town, you can’t afford to be idle. Your truck is your lifeline. You work hard every day and, in many instances, other businesses and people count on you and your truck for their deliveries. That’s why you need to make sure you have the best commercial truck insurance available.
Please email us about this coverage: williams@wisservice.com
Equipment
Business equipment insurance is as important to your business operations as the equipment itself. In an age of technology – telephones, computers and electrical systems – your company is dependent on a variety of machines to communicate with customers, heat and cool the building and to create, store and sell your products. Damaged equipment can mean lost income, so we offer comprehensive insurance for equipment breakdowns to keep business running smoothly
Please email us about this coverage: williams@wisservice.com
General Liability
Normally, it is difficult for businesses or general contractors to work without general insurance. General liability insurance is intended to guard operators and owners of companies from claims that may come from a broad spectrum of sources. These exposures could be just about anything, including liability engendered by accidents from the operations of the insured party, contractual liability, products manufactured by the insured party, etc.
The liability you select, whether it is one, two, or three million dollars, determines the cost of general liability insurance. Also factored into the rates are the kind of work undertaken, gross receipts and total payroll expenses. Similar to auto insurance, when it comes to general liability insurance, you will first have to make a down payment and then follow it up with installments. Before buying general liability insurance, it is best to compare the quotes available in the market.
It is the business owner's or general contractor’s job to make sure that the people working under him/her are covered by an insurance policy. If for example, a person who is not a part of the project gets injured, the injured person’s lawyer can target just about anyone involved in the project. The more individuals that are involved, the greater the chances of a successful lawsuit.
Please email us about this coverage: williams@wisservice.com
Commercial Property
Commercial Property protects your business against the loss or loss of use of company property. "Property" can include a variety of types: lost income or business interruption, buildings, computers, money, and valuable papers.
Please email us about this coverage: williams@wisservice.com
Commercial Earthquake
Earthquake insurance can be purchased as a separate policy. This makes sense for larger businesses seeking to save premiums overall on their business insurance coverage. However, for smaller businesses it may prove difficult - in the event of a loss - to make claims with separate insurers for damage.
Please email us about this coverage: williams@wisservice.com
Commercial Umbrella
Most package policies provide a liability insurance limit of $1 million for any one loss and $2 million in any one year. For many businesses, this limit is inadequate for real economic security. As a result, additional layers of protection in million-dollar increments are readily available in today's insurance market for most businesses.
Please email us about this coverage: williams@wisservice.com
Contractor's General Liability
Contractor's General Liability insurance is for residential and commercial builders, general contractors, construction managers, design and build firms, specialty contractors or subcontractors, owners or public and private construction projects.
We offer contractor policies for every type of project:
- Property
- Builders risk insurance and course of construction
- Liability insurance
- General liability insurance
- Contractor insurance
- Commercial auto
- Umbrella
- Workers' compensation
- Railroad protective
- Equipment insurance
- Contractor bond
Please email us about this coverage: williams@wisservice.com
Bonds
We work with many of the country's top-rated surety companies to secure:
- Contract Payment and Performance Bonds
- Fidelity Bonds on Employees
- Code Compliance Bonds
- Judicial and Court Bonds, including estate guardianship and repletion bonds
- Professional Service Bonds
Please email us about this coverage: williams@wisservice.com
BOP (Business Owners Package)
Business Owners Package policy, commonly called a "BOP" contains many of the insurance coverages needed by most small businesses. While these policies are not standard, there is great variation from insurance company to insurance company; there are certain common elements. The basic BOP offers business property for both building and contents, and liability insurance protection for the operation of your business. This liability protection will generally include both the operation of your business, at its established location, and the liability from your products or completed operations.
Some, but not all of the policies, will also offer business income and extra expense protection after an insured loss. BOP policies do not contain all of the coverages needed by a small business. Notably they do not cover any workers' compensation, professional liability, or business vehicle coverage.
Click Here For a Business Insurance Questionnaire
Professional Liability
Professional liability insurance, also sometimes referred to as Errors and Omissions, is insurance to protect you and your company in the event a client alleges they have suffered a financial loss as a result of an error or an omission committed by you in the delivery of your professional services. Professional liability coverage is separate from a General Liability (GL) policy which would cover you mainly for bodily injury or property damage liability.
Please email us about this coverage: williams@wisservice.com
Workers' Compensation
Workers' compensation insurance protects employers from claims resulting from injuries to employees. It protects your business from lawsuits and provides employees with compensation for on-the-job injuries.
By law, most employers are required to provide coverage for lost wages and medical bills incurred as a result of on-the-job accidents or illnesses. For many businesses, this coverage is the largest part of its insurance expense.
Please email us about this coverage: williams@wisservice.com
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