What would you do if your employee hits a vehicle while running an errand during work hours? What if your office catches fire? Would you be able to pay your rent, payroll, vendors if business was interrupted due to a loss? What if a customer slips and is injured on your premises? What if computers are stolen from your office?
Exposure to risk is everywhere, and business owners carry a great deal of burden on their shoulders. Partners Insurance & Risk Strategies is here to help lighten the load, offering protection for all your business needs.
Our goal is to develop a comprehensive risk management program customized to protect your company, its assets, and everything you have worked so hard to build.
Partners offers business insurance solutions for every business type and size. Whether you own a one-person shop, a small- or medium-sized business, or a larger organization, our insurance solutions keep your business and its assets fully protected.
Commercial General Liability
General liability insurance (GL), often referred to as business liability insurance, is coverage that can protect you from a variety of claims including bodily injury, property damage, personal injury and others that can arise from your business operations.
General liability insurance does not cover employee injuries, damage to your own property, auto accidents, workmanship, intentional acts or professional mistakes.
Commercial Property Insurance helps protect the building your business owns or leases as well as your business personal property, including equipment, inventory, and furniture. Commercial property insurance protects commercial property from such perils as fire, theft and natural disaster.
When your business is shut down due to a damaging event—a fire or windstorm, for instance—you lose revenue. In addition, your business is still obligated to pay its bills and may incur additional expenses because of the disruption. With business interruption coverage, many of these costs and losses can be reimbursed. From the time the loss occurs until your business is running again, business interruption insurance can replace your lost profits, and provide a source of money to pay your necessary continuing expenses, like rent, payroll, taxes, etc.
Commercial auto insurance provides protection for any vehicle designated for business use against both property damage and liability. Whether you drive a vehicle that is for business use or drive a personal vehicle for business, it is important to have commercial auto insurance, as your vehicle will not be covered under a personal auto policy. As a business owner, you can get commercial vehicle coverage for a single vehicle or a fleet of vehicles. You must also get commercial auto coverage if your employees will be driving or using vehicles in the course of doing business, whether making deliveries, or running errands on behalf of the business.
Workers' compensation insurance provides benefits to employees for work-related injuries or illnesses including medical care, wages from lost work time, and more. It covers a deceased worker's family with a financial benefit as well. Workers’ compensation insurance also protects employers from claims resulting from injuries to employees.
Directors and Officers
Directors and officers (D&O) liability insurance protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company. The insurance, which usually protects the company as well, covers legal fees, settlements, and other costs. Any business with a corporate board or advisory committee should consider investing in D&O insurance, including non-profit organizations.
Commercial Umbrella & Excess Liability
Commercial Umbrella Insurance provides an extra layer of protection by covering costs that go beyond your other liability coverage limits. For example, say you have a liability policy that has already paid out $1 million for a claim your company was found liable for, and that's as much coverage as that policy can offer. However, you’re still liable for another $300,000. Your Commercial Umbrella policy can cover the remaining $300,000, subject to the policy’s coverage limits.
Commercial Flood Insurance protects one of your biggest investments - your business, from damage caused by rising water. Floods often strike without warning, destroying buildings, equipment, and inventory. Most standard commercial policies do not cover flooding.