We can help business owners face unique risks with a business owners policy.
If you own a business, chances are that you have invested a lot of your precious time and hard-earned dollars in making it successful. The only way to make sure your business will continue to grow and succeed is to insure it. A business owners policy (BOP) can be tailored to fit the unique needs of your business in the Lenoir, North Carolina area, and we here at All American Insurance Brokerage are ready to help you find the right business owners policy to suit your needs. There are many different types of insurance that help protect your business, some of which include:
Commercial Auto Insurance
Whether you have one vehicle or a whole fleet, we can help you implement custom coverage that will protect your business and personal assets from the additional exposure that commercial vehicles bring. When obtaining commercial car insurance, you can usually get much higher liability coverage to reflect the fact that a business typically has more assets at risk than an individual would.
General Liability Insurance
Every business needs to protect themselves from accidents or injuries that may occur on their business grounds. General liability insurance coverage can protect your business from these unexpected expenses.
Workers’ Compensation Insurance
Business owners have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken. Workers’ compensation insurance covers workers injured on the job, whether they’re hurt on the workplace premises, at other job sites, or in auto accidents while on business.
Inland Marine Insurance
Inland marine insurance is coverage that protects your business’ assets while they are in transport, such as on a train or in a truck. Inland marine insurance tends to be customized to your specific business needs.
E & O Insurance
Errors & omissions (E&O) insurance is a form of liability coverage that protects your business from claims of professional negligence. Even suits with no merit that are filed can damage your business if you’re not protected. When you have insurance through our company, we don’t leave you to fend for yourself. We’ll help you evaluate your E & O protection on an ongoing basis to make sure you have the right policy at the right price for your particular business needs.
Surety Bonds
A surety bond is a three-party agreement whereby the surety guarantees to the obligee (the project owner) that the principal (the contractor) is capable of performing the contract in accordance with the contract documents. Performance of the contract, which is the subject of the bond, determines the rights and obligations of the surety and the obligee.
Here are the eight different families of surety bonds:
- Fidelity bonds
- Public official bonds
- Judicial bonds
- Fiduciary bonds
- License and permit bonds
- Contract bonds (bid and performance bonds)
- Miscellaneous and federal bonds
- Notary bonds
We offer free, comparative quotes on surety bonds from multiple insurance carriers so you can get the best possible rate.
Business Income Insurance (Business Interruption Coverage)
This coverage reimburses a business owner for lost profits and fixed expenses during the time that a business is closed. It applies while the premises are being restored because of damage from an event, such as a fire. Business income insurance may also cover financial losses that occur if civil authorities limit customer access to your neighborhood or business after a disaster.
We understand that you only want the best for your business, and we are willing to help you find the best insurance options that will protect you and your hard-working business. To learn more about our business owners policy options, please contact us for a quote today.