Business Insurance

Business insurance is all about protecting the three P’s: your profit, your place of business and your people.

There’s a reason 98% of all small businesses work with an agent or broker for their business insurance.

This stuff is complicated. You’re an expert at what you do, and independent agents are experts at what they do. So lean on them.

Your agent will make the process of buying business insurance as easy as possible by talking through your needs and recommending a combination of coverage from multiple carriers menu of products.

We offer a variety of business products and coverages. Your agent will talk through your needs and recommend a combination of coverage from multiple carriers menu of products, including:

• Business Property and Income
• General Business Liability
• Commercial Auto
• Worker's Compensation
• Crime & Burglary
• Umbrella
• Nonprofit Social Service Program
• Errors & Omissions
• Self Storage Insurance Program

Business Property and Income Insurance

Business property insurance covers the physical parts or your business. These are things like your building, equipment, furnishings, fixtures, inventory, computers, records and other valuable items. This coverage helps repair or replace the building and its contents, and can also help provide income if your business can't operate for a while after a covered loss.
What if...

• Your business is totally destroyed by a fire.
• Water from a broken pipe floods your store.
• A power surge in your office damages all of your computers.

A large property loss could bring your business to a halt for months or longer. While your property is being repaired or rebuilt, business income insurance will help cover the costs to maintain your operation and continue to support your customers and employees. Without this coverage a business may not be able to recover lost income or lost customers.
Even if your building is not damaged, your equipment can be. You can add equipment breakdown insurance, which covers repair or replacement of damaged equipment, due to mechanical and electrical breakdown.

General Business Liability Insurance

Business liability insurance protects your business if your company is sued for being responsible for bodily injury or property damage to someone else.
What if...

• A customer slips and falls on your property.
• A person claims that a product you make has injured them.

Your agent can put together a package of property and liability coverages designed to give you the best value while still protecting you from many of the inherent risks in operating your business.

Commercial Auto Insurance

Just like the insurance on your own car, commercial car insurance is there to protect you and your assets.
What if...

• While on company business one of your employees fails to stop at a light and hits another car.
• An employee is making a delivery and is hit and injured by an uninsured driver.
• Your fleet of trucks is vandalized and all the windows are broken.

Your agent can help you select from a variety of auto liability, medical, uninsured motorist, collision and comprehensive coverages and deductibles to create a policy that meets your company's needs.

Worker's Compensation Insurance

Whether you have one employee or hundreds, most states require you to have Worker's Compensation insurance. This insurance protects employees by providing benefits for job-related injuries or illnesses. It protects you and your company by eliminating lawsuits from employees related to these injuries or illnesses. Every state has different requirements, so it's important to talk to your agent about what you need.
What if...

• One of your workers seriously injures their back while moving boxes.
• A group of employees is exposed to harsh chemicals and they must be taken to the hospital.
• An employee is badly burned.

Your agent has the experience to help you put together a worker's compensation policy that helps protect you and your employees.

Crime & Burglary Insurance

Although burglary is a crime, not all crimes are burglaries. And, each situation requires different insurance coverage.
Crime & burglary insurance covers a variety of losses such as the loss or damage to your property in the event of a theft resulting from a violent, forced entry into your business or an armed hold-up. Fidelity coverage will protect against non-violent losses like employee theft.
What if...

• In checking your inventory you realize that part of a whole shipment is missing.
• One of your locations is held up and you've lost cash and valuable inventory.

These are all situations that are only protected by crime and/or burglary insurance. Your agent can recommend coverage that protects you from the specific risks you face.

Umbrella Insurance

Even small businesses are occasionally exposed to huge lawsuits or catastrophes. The news is filled with huge court settlements that are far beyond the limits of most business liability insurance. Umbrella insurance takes over when a lawsuit exceeds the limit of your other commercial coverage. This second layer of protection usually starts at limits of $1 million. Higher limits are available.
What if...

• One of your drivers backed into a pedestrian in a crosswalk leaving the person paralyzed from the waist down.
• A product you sell caused an accident that seriously injured several people.

In both cases you could be found liable and the damages could reach into the millions. Once the limit of your liability insurance is reached you could be personally liable for the difference.
Your Safeco Agent has experience helping businesses like yours protect themselves with this relatively inexpensive insurance that could someday save the business you worked so hard to build.

Nonprofit Social Service Program

The right insurance coverages help protect your nonprofit, allowing you to focus on what you do best - acting as a lifeline to thousands of economically, physically, emotionally and mentally challenged individuals.
Our goal is to offer you the comprehensive coverages you need to maintain a viable organization, even in the event of an unforeseen loss.
What if…

• Your non-profit agency suffered a significant water damage claim due to the backup of a sewer, drain, or sump pump? While excluded in many insurance policies, we provide this valuable coverage under our Peak Property Program.
• Your non-profit agency was found negligent in the hiring and/or supervision of a volunteer acting on your behalf who allegedly committed an act of sexual molestation? Our Sexual Misconduct Liability coverage addresses this type of exposure and automatically extends to cover volunteers acting on behalf of your agency.
• Your non-profit agency was found vicariously liable due to an adverse medical reaction of a client who was given medication by a contracted medical doctor? If your agency provides medical care to clients, this may be the largest liability exposure you face. Our Professional Liability coverage provides vicarious liability for the acts of MD's, psychiatrists, and independent contractors.

Sometimes the standard property and liability coverages are not enough. Your nonprofit social service organization may also require the specialty coverages mentioned above.

Errors & Omissions

• No matter how carefully and professionally you conduct your business, suits against an your business can come from unexpected sources. An E&O claim brings with it the potential of heavy costs for your business, both in terms of money and valuable time lost.

We offer strong E&O policies providing liability limits starting at $1,000,000 per claim and $1,000,000 in aggregate. The policy also includes unlimited cost of defense coverage. Claims are handled by one of our claims experts who specializes E&O. The same specialists are available to  E&O policyholders for free consultation regarding situations in the business that, if unattended, may give rise to an E&O claim.

Self-Storage Insurance Program

We offer specialty coverages for your mini-storage facility beyond the normal property and liability options available from most commercial insurance companies. Our self-storage program policy provides all the basic coverage needs plus these specialty coverages: Customers Goods Legal Liability and Sale & Disposal Legal Liability.
What if…

• Your storage building roof leaked and damaged your customers' contents? Your liability for the damage to your tenant's contents would be covered by Customers Goods Legal Liability.
• What if you thought your tenant abandoned their stored goods and you sold their goods in a lien sale because they did not pay the rent? If this was not done properly, you could be held liable. Our specialty Sale and Disposal Legal Liability coverage addresses this type of event.

Our carrier has specialized in the self-storage industry for over 30 years and that is why we partner with them for this specialty product offering.

CALL US WITH ANY QUESTIONS OR TO REQUEST A QUOTE!