You work hard for the success of your business, let us work hard to protect it!
Important questions every business owner must answer:
1. Have I done everything I possibly can to minimize my exposure to risk?
2. Do I fully understand the unique risks associated with my business?
3. Have I unknowingly exposed my business to risk that could lead to devastating consequences?
4. Do I have a strong appreciation of the cost/benefits of limiting the risk to my business?
5. Would I be comfortable with the consequences of a worst-case scenario resulting from my acceptance to certain levels of risk?
Coverages to consider to protect your business – Chappell Insurance Group will find the right insurance solution to meet your needs.
General Liability insurance covers your company's legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations, and errors in services provided.
Property insurance for buildings and contents owned by the company. There are different forms to consider, some being more comprehensive than others.
Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense, which reimburses your company for a reasonable sum of money that it spends, over and above normal operating expenses, to avoid having to shut down during the restoration period.
Business Owners Policy (BOP) will include General Liability, Property, and Business Interruption in one policy or you can purchase separately if desired.
Workers Compensation insurance covers accidents and/or injuries to your employees while on the job. Employers have a legal responsibility to their employees to make the workplace safe. However, accidents can happen even when every reasonable safety measure has been taken.
Commercial Auto is needed depending on how often your company uses vehicles. While the major coverages are the same, a business auto policy differs from a personal auto policy in many technical respects. We can help find the right solution for your needs.
Excess Liability insurance is designed to provide additional limits of coverage above the limits of the underlying coverage. Umbrella Liability insurance provides additional limits of insurance and may cover certain losses not covered by the underlying coverages. The more you own, the more you should consider an excess or umbrella liability policy. We live in a society where lawsuits are common and judgments can be huge. You’ve worked hard to get where you are, and you have a lot to look out for. It is essential to carry the proper coverage amounts to protect your business properly.
Errors and Omissions covers you and your company when a client holds you responsible for a service that you provided (or failed to provide) that did not have the expected or promised results. In short, this coverage protects against mistakes. E&O Insurance is an important policy to consider when protecting your business.
Bonds are a written contract in which one party guarantees another party’s performance for a third party. Bond insurance is protection for the lender against default. A premium for the insurance is paid for by the issuer of the Bond. Insurance companies commit to pay the principle and interest of a Bond if the issuer is unable to meet the requirements of the agreement.
Employment Practices Liability Insurance (EPLI) covers businesses against claims by workers that their legal rights as employees of the company have been violated. The number of lawsuits filed by employees against their employers has been rising. Most suits are filed against large corporations, however, all companies should be aware of this risk no matter the size of your company.