Business Coverage Offerings
At Glover Independent Insurance Agency West, we offer a broad range of high quality commercial insurance products. Commercial insurance protects important business assets such as commercial property and income from risks like loss, theft or damage. It can even provide programs to help injured employees get back to work and cover lost wages. Commercial insurance policies also help protect businesses from financial losses resulting from liability claims including things like data breaches. At its core, a comprehensive business insurance solution will help business owners protect their company’s property, income and financial assets. The four primary commercial insurance products are: (1) Business Owner’s Policy; (2) Commercial Property; and (3) General Liability, (4) Professional Liability.
Business Owners Policy (BOP)
Combines the most critical coverages businesses need including Commercial Property, General Liability and Business Income insurance – all into one convenient and cost-effective policy. It is a popular policy among small businesses.
Commercial Auto Insurance
Coverage for liability associated with the use of vehicles titled in the company name. Helps cover you, your employees, and the vehicles you own, lease, rent or borrow – on the road and off. If an accident happens, this can help prevent it from damaging your bottom line.
Probably the most common business liability coverage. It helps protect your business assets in the event of a lawsuit for things like negligence, personal injury, libel and slander. General Liability can usually be purchased alone or in a package with Property coverage, Hired and Non-owned Auto Liability, and Umbrella or Excess Liability.
Management and Professional Liability
Helps cover you and your company if you are found negligent in the professional services you provided. Offers management & professional liability options for professionals, nonprofits and private companies. Sample coverages include Errors & Omissions Insurance for an attorney or Directors & Officers Insurance for a member of the board of directors of a private hospital.
Commercial Property Insurance
Helps protect the property your business owns and leases, including buildings, equipment, inventory and furniture. It protects your business property against physical loss or damage by theft, fire, or other means. It also helps cover lost income if you can’t run your business because of covered property damage.
COVERAGE FOR EMPLOYEES
Helps compensate employees for expenses associated with work related injuries or illnesses including medical bills, rehabilitation, and lost wages. In many states, if you have any employees, you are required to cover them under this policy. It has two coverage areas: 1) medical and disability coverage for on-the-job injuries or work-related illness, and 2) coverage for your liability if an employee is injured on the job and alleges that your negligence contributed to the injury or illness (Employer’s Liability). In many states, sole proprietors and company principals such as owners, officers, and partners can exclude themselves from Workers’ Compensation coverage.
Employment Practices Liability
lps cover defense and damages costs resulting from a variety of employment-related claims including allegations of wrongful termination, discrimination, workplace harassment and retaliation. This coverage is seldom required by client contracts, but can be important for a rapidly growing company. These policies can be costly, but so can EPLI lawsuits.
Helps cover defense and damages costs resulting from a variety of employment-related claims including allegations of wrongful termination, discrimination, workplace harassment and retaliation.
OTHER OPTIONAL COVERAGE
Cyber Liability & Data Breach Insurance
Helps cover liability expenses to respond to a data loss incident or cyber security breach. It also helps you comply with data-related regulatory requirements and provides guidance on how to prevent and handle a data breach.
Helps cover cargo and the vehicles that carry it over land, sea and air. We have access to a full range of specialized inland and ocean marine protection for a broad variety of industries.
Hired Auto & Non-Owned Auto
Typically added as an endorsement on a General Liability policy, Hired and Non-Owned Auto Insurance protects your company if an employee has an accident in a personal or rented vehicle and the employee’s insurance is inadequate to pay the claim. When there are no vehicles titled in the company name, this coverage meets contract requirements for Commercial Auto coverage.
Business Income Insurance
Helps protect from unexpected interruptions in your business caused by natural disasters, supply chain problems, fires, and other covered property events by providing revenue during periods when your business is unable to operate normally. The coverage takes the form of income that business owners can use to pay rent, utilities, employee wages, taxes, loans, and other expenses during periods when they’re unable to operate.
Provides coverage for businesses and educational institutions that do business outside the U.S. or have locations or employees overseas.
Surety & Fidelity Bonds
We have access to bonding options businesses need to safeguard valuable assets and comply with contractual, statutory or court mandated requirements. Often required when you have clients in banking or financial services, third-party Employee Dishonesty provides coverage when an employee steals money, equipment, or other assets from one of your clients. This may include theft of money by electronic funds transfer.
Home Base Business Insurance
Without the right coverage, your home-operated business could be financially responsible for property damage, lawsuits, employee injuries, or issues related to data loss.
Commercial Umbrella Insurance
When the amount of liability coverage provided by your General Liability, Auto Liability, and/or Employer’s Liability is not enough, Umbrella or Excess Liability coverage can be the solution. Umbrella coverage can be bundled with a General Liability policy or purchased as a standalone policy. Additional coverage is offered in increments of $1,000,000.