Business Insurance Driven by the Automotive Industry
- Product Liability
- Business Property Protection
- Workers Compensation
- Affordable Pricing
- Product Recall
- Directors and Officers LIability
- Employment Practices Legal Liability
- And Many More
- General Liability
- Advertising Liability
- Premise Liability
- Garage Liability
- Garage Keepers Legal Liability
- Non Owned Auto Liability
A complete business owner’s liability policy should include Personal Injury, Advertising, Products and Premise Liability to protect the enterprise from claims typically alleging bodily injury or property damage caused by the enterprise.
To avoid risk business owners should careful calculate the value of their assets when securing fire and theft protection. Buildings, Office Contents, Equipment, Work in Progress, Finished Goods as well as Property of Others if damaged or stolen can create great financial vulnerability to an enterprise if damaged or stolen.
A business engaged in repairing vehicles for others should carry Garage Liability to protect the enterprise from slip and falls on the premise as well allegation of injurey or damaged due to completed operations. .
Crime protection for an enterprise has many parts. Some of the more common are Employee Theft, Forgery or Alteration, Monies & Securities – Inside & Outside premises, Inside Robbery & Safe Burglary, Computer Fraud and / or Extortion.
Any enterprise imported goods from a from a foreign land via water conveyance should consider looking into securing an Ocean Cargo policy should goods be damaged or loss in transit as coverage can be broader and more affordable than what is afforded by a freight forwarders bill of lading.
In most states protecting the work force of an enterprise is mandated should an employee become injured while performing job. Cost associated with Workers Compensation coverage is rated by the activities performed by the employee (Job Description) which establishes a classification multiplied by the payroll driven by said class. .
With more companies utilizing automation and or cloud based operating systems the need for Cyber coverage has never been greater. A well written Cyber program should include first dollar protection for damages caused to the enterprise as well as third party protection for damages to those that may have been harmed as a result of a breach in an enterprises system.
401K And Individual Retirement
ERISA requirement reflects that an enterprise who maintains a company 401K program secure protection of said assets to a minimum limit of 10% of plan assets via a 401k bond which can be simply and affordably written in most bases a 1, 2 or 3 year basis.