December 17, 2012

Specialized Business Insurance

Talk To Our Experts About Creating a Custom Business Insurance Plan for Your Companytransportation_testimonial_0

You may need specialized insurance depending on your specific business needs, which is why you should get in touch with our business insurance specialists.

Sometimes, there just is not a category that fits a certain type of coverage…but that does not mean there is not a solution. We will spend as long as it takes to understand your business and a policy that will fully protect you. Our insurance agents have extensive experience with business policies of all types. Please give us a call at (888)-840-4020 or fill out an online form to get started. We have convenient locations in both Santa Clarita and Glendale!

The following are some other types of specialized insurance coverage that we may suggest for your business: 

Earthquake Insurance

Earthquakes are not covered under standard business insurance policies. California businesses are at especially high risk for earthquakes, as there are over 2,000 fault lines across the state. With earthquake insurance, you will be able to get reimbursed for rebuilding or repairing the business structure, replacing damaged business materials, and temporary work space while the structure is being rebuilt.

Errors & Omissions Insurance (E&O – Professional Liability)

Errors and Omissions Insurance is for professionals who may get sued for negligence or failing to perform services. If your business does the following, then you should consider E&O insurance:

  • Provides a professional service
  • Provides regular advice
  • Required to have E&O by the client

Examples of businesses that should purchase E&O insurance include: electricians, plumbers, doctors, accountants, architects, engineers, web managers, event planners, and printers. Unfortunately, many businesses are at the mercy of angry customers who want sue for services that were not provided as they wished, so E&O insurance is a must!

Directors & Officers Insurance (D&O)

This type of insurance covers board members or officers who are being sued for wrongful acts. D&O Insurance covers costs for both civil and criminal allegations.

Crime Insurance

Crime insurance will protect your business from:

  • Forgery of cash or credit cards
  • Theft
  • Computer fraud
  • Destruction of property
  • Employee dishonesty

Studies have shown that more than 5% of a business’ revenue is lost to fraudulence each year, the majority of which comes from its own employees! Crime insurance can provide protection from these types of losses.

Employment Practices Liability Insurance (EPLI)

This type of insurance protects businesses from lawsuits by employees that claim that their rights have been violated. These types of claims may include:

  • Sexual harassment
  • Wrongful termination
  • Discrimination (Age, Race, Gender, etc…)
  • Breach of Contract

EPLI will cover court costs, attorney fees, and judgments/settlements.

To get in touch with our business insurance specialists in Glendale, please call (888) 840-4020 or fill out an online form! We will review your business needs and shop providers to find the best specialized business insurance coverage and the best price.