Protect Your Business with Two12 Insurance Business Insurance
In general, business or commercial insurance provides protection for both physical and intellectual business property, your employees, and your business’ financial means to survive a catastrophic loss. Whether you’re in the construction, manufacturing, trucking / transportation, restaurant, or most other industries, it’s important to work with an insurance agency that has experience and knowledge when it comes to providing the protection business owners need.
To learn more about the different types of business insurance we offer at Two12 Insurance, read the items below. If you have questions or would like a quote, do not hesitate to contact us via our online form or give us a call.
Commercial Auto Insurance
A broader coverage than personal auto insurance, commercial auto often extends liability to hired and non-owned vehicles that are used in the course of business operation. Commercial auto insurance is not limited to industrial vehicles and is often used to cover cars, trucks, vans, and SUVs. In fact, small business owners who use their vehicles to deliver products or transport clients may need a commercial auto policy. Like personal auto insurance, a commercial auto policy is primarily made up of physical damage and liability coverage while also offering coverages for medical payments, uninsured or underinsured motorist, and more.
General Liability: General business liability insurance’s purpose is to protect you from claims made against your business that include bodily injury, personal injury, property damage, and more. Liability claims can be extraordinarily costly, so it’s important to ensure you’re properly protected. General liability is most often combined with business property insurance in a Business Owners Policy (BOP).
Cyber Liability: Did you know that 36% of all targeted cyber attacks are actually made on companies who have 250 employees or fewer? The digital age has meant rapidly growing risks when it comes to your business’ cyber security. With the ever-expanding use of web-based storage and e-commerce on devices such as smart phones, tablets, and laptops it’s important to know that you are protected if you become a victim of a cyber-attack.
Business Property Insurance
Business property insurance covers a wide variety of business property, including things like a manufacturer’s warehouse building, as well as the machines and inventory inside, a contractor’s tools, the cargo being transferred by a trucking / transportation company, and much more. If you have valuable business property that is vital to your business’ operation and financial well-being, it’s essential to ensure you are protected against any losses that may occur.
Umbrella insurance provides additional liability coverage on top of the coverage that comes on your individual policies. Claims against your business can grow to ruinous proportions, so for many business owners it’s imperative to have liability coverage that extends beyond what is offered on the business’ primary insurance policies i.e. commercial auto and property insurance. Also, while we’re discussing this coverage under business insurance, umbrella insurance is available for personal insurance lines, as well.
Workers’ compensation insurance provides benefits such as medical bill payments, recovery cost payment, and lost wages to employees who have work-related injuries or illness as well as covering funeral costs and providing benefits to an employee’s family if a worker loses their life while on the job. A lesser known benefit of workers’ compensation is coverage of employer liability in the event they fail to take proper precautions in preventing injury or illness to their employees. In many cases, workers’ compensation is a required coverage for businesses to carry.