Having the proper business insurance coverage at an affordable rate can make the difference between the success and failure of your business.
Is Your Business Properly Insured?
Business insurance protects the items your business needs to run. It can pay to repair or replace your business property if it’s stolen, damaged, or destroyed in a fire or natural disaster. At the Weed Ross Group we offer insurance packages that are tailored for different types of businesses. Whether it’s insurance for your building, business property, equipment, inventory or company vehicles, we offer products and services to protect your business.
What type of insurance do you need?
Property insurance covers the risk of property loss in a variety of commercial situations, including commercial buildings, equipment, furniture, fixtures, inventories, business records, supplies and other physical items.
Property insurance may cover two types of property losses:
- Direct losses may be covered when property is lost, stolen, damaged or destroyed.
- Indirect or consequential losses related to direct losses may also be covered.
Commercial General Liability Insurance
Casualty insurance consists primarily of liability coverages, which protect an insured party against injury or damage claims made by other parties.
Policies provide coverage for liability arising out of:
- Premises and Operation
- Fire Damage Liability (damage by fire to premises rented to insured)
- Personal and Advertising Injury
- Medical Payments
- Products/Completed Operations
Business Auto Insurance
Workers’ Compensation coverage applies to bodily injury and diseases arising out of and in the course of employment. Any bodily injury must be accidental, and the term includes death resulting from the accident. Only occupational diseases, which are unique to the occupation, are covered.
Workers’ Compensation provides for the payment of four types of benefits:
- Medical benefits
- Income benefits
- Death benefits
- Rehabilitation benefits
A representative can provide you with complete details on Workers’ Compensation insurance and recommend cost-effective ways to control expenses through safety engineering and claim services.