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Protecting your business is our business. Let’s tailor a commercial insurance policy that works for you.
Businessowners Policy CoveragesA businessowners policy is a comprehensive package that includes commonly requested commercial insurance coverages. You also have the option to extend your policy to include more specialized protection as your business grows.
Ideal for: Small or medium-sized businesses that operate out of a physical space, rely on important equipment or inventory, or serve customers face-to-face.
Property Coverage
Property coverage protects your business building and the items inside from covered losses like fire, theft, or vandalism. Optional coverages can include equipment breakdown, outdoor sign protection, business income, spoilage, sewer discharge, and more.
Example: A fire destroys your storefront and your inventory is damaged from the smoke. Property coverage can pay for the repairs to your building and replacement of the items inside, up to your policy limits.
Liability Coverage
Business liability can provide coverage for lawsuits by people who may be injured on your premises or at your job site. Medical coverage is included on all liability policies and will pay medical bills (up to $10,000) for visitors injured on your property, even if you aren’t sued or found to be negligent. Liability coverage includes property damage in case you’re at fault for damaging someone else’s property. Coverage is also provided for personal injury and advertising injury, protecting you from lawsuits ranging from libel and slander to false arrest.
Example: You’ve just mopped the floor of your shop and a customer slips and falls. She is suing you to cover her medical costs. Your business liability can cover her medical payments and the costs associated with legal fees from the lawsuit.
Automobile Coverage
Commercial auto policies cover many types of vehicles and can protect you from liability when using your own vehicle for business. Non-owned, borrowed, or hired vehicle coverages are also available. Specialized policies are available for businesses that regularly operate customers’ vehicles, like repair shops.
Example: Your delivery truck is involved in an accident and causes injury to your employees and others. Commercial auto can cover the cost to repair your truck, medical bills for those injured, and legal fees that may arise.
Inland Marine Coverage
While the name may be confusing, this coverage has nothing to do with oceans and everything to do with a business’s personal property when it’s transported off premises. Inland marine covers material, products, or equipment that moves or is transportable, and/or is instrumental in transportation or communication.
Example: You’re in an accident on the way to mow a client’s lawn. The expensive lawn equipment you were hauling behind your work truck is damaged. Inland marine coverage can cover the repair or replacement of that equipment, up to your policy limits.
Commercial Umbrella
Commercial umbrella coverage extends your liability limits beyond the standard amount for businesses which require larger amounts of liability protection. Your dream can be further protected with a business umbrella policy.
Example: Your business suffers an extreme loss that exceeds your liability limits. Your commercial umbrella policy kicks in to cover the difference, up to the umbrella policy limits.
Workers’ Compensation
Workers’ compensation serves to protect your business and your employees by providing coverage for medical treatments and death benefits. It can also protect your business from legal exposures. Workers’ compensation policies written by Alfa® are provided through Alfa Agency, Inc. and its group of insurers.
Example: While on the clock, your employee suffers an injury. Workers’ compensation can help pay his medical bills and may provide coverage for any legal fees that may arise from the accident.
Commercial Package Policy CoveragesA commercial package policy is a simple way for businesses to combine several types of coverage into one convenient plan. Instead of managing separate policies for different risks, you can select one or all of the coverage options: property, liability, commercial auto, inland marine, and crime.
Ideal for: Any business that manages cash, valuable inventory, sensitive data, or financial transactions.
Crime
Crime coverage typically protects against both internal and external criminal acts. This can include things like an employee stealing money or securities, theft of a client’s property, theft of money or securities from inside the business premises, or robbery or burglary of other property from a safe.
Example: You discover that one of your employees has been stealing cash from the register at the end of each shift. Your crime coverage helps reimburse the stolen amount, allowing your business to recover from the loss without disrupting cash flow.
Get a free business insurance quote from your local Alfa agent.
