Business Insurance

Commercial property insurance protects your business against loss to tangible property including buildings, contents, equipment and inventory. To protect against the financial consequences of a property loss, available insurance coverage include Building, Business Personal Property, Business Interruption, Equipment Breakdown and Inland Marine.

Commercial Casualty insurance provides coverage for the legal liability a business incurs due to injuries to persons or damage to property. The insurance options available include General Liability, Products Liability, Workers' Compensation, Automobile Liability, Watercraft Liability, Aviation Liability and Umbrella Insurance.

Professional liability insurance, also known as errors and omissions (E&O) insurance, is essential for professionals across various fields who provide specialized services or advice. This coverage protects you from potential claims made by clients for negligence, errors or omissions in the services you deliver. Professional liability insurance ensures that you are financially protected against these claims, covering legal fees, settlements and damages.

Management Liability, also known as Executive Liability, provides protection for the organization and its directors and officers for wrongful acts committed in the course of managing the organization. Commonly purchased coverages include Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability & Commercial Crime.

Cyber Privacy and Security Insurance, also known as cyber insurance or cybersecurity insurance, provides protection for financial losses due to cyberattacks, data breaches, and other cyber incidents. Cyber Insurance can cover the third party and first party costs associated with a data breach including data recovery, notification expenses, legal fees, and regulatory fines. Additionally, this policy can provide coverage for losses due to business interruption, reputation damage, and ransom and extortion demands.

Foreign casualty insurance protects businesses against incidents occurring outside of a standard policy coverage territory. This can range from traveling to a conference, products sold abroad, or permanent overseas locations and operations in another country. Coverage is typically provided by a package policy and includes General Liability, Contingent Auto Liability, Foreign Voluntary Workers Compensation, Accident & Health and Kidnap & Ransom. Defense Base Act coverage is available for companies working on a U.S. military base or under a contract with the U.S. government.

A surety bond is a legally binding contract that ensures one party fulfills its obligations to another. In this three-party agreement, the surety guarantees to a third party (the obligee) that the principal (the party seeking the bond) will perform a specific task or fulfill certain obligations, often within a specified time frame. If the principal fails to meet these obligations, the surety will cover the losses incurred by the obligee. Surety bonds typically include construction payment and performance, license and permit and court bonds.

Captive Insurance offers insurance and risk management solutions outside of the conventional insurance marketplace and allows companies to become an owner of their own insurance company rather than simply a buyer of an insurance policy. This provides companies access to specialized coverage, transparency into their insurance premiums, control over claims management and risk safety and the ability to reduce insurance costs and earn a profit in the form of dividends and investment income.