Business & Commercial Insurance

Business insurance is coverage that is designed to help business owners protect themselves, their business assets, and their financial security against the ramifications of numerous hazards such as fires, severe weather, lawsuits and employee injuries.

The fact that these problems are unpredictable and unavoidable makes them hard to plan for. They could still prove costly, nonetheless. Using the right commercial insurance benefits at the right times will help you combat these issues, rebuild your business and reputation, and move on from the incident.

There is no single policy called business insurance. A diverse network of policy options can help business owners to achieve the highest level of protection for their insurable interests.

Common policies that businesses often need include:

• Property Insurance: If something damages physical property – such as your building or possessions - then this coverage can help you repair or replace them.
• General Liability Insurance: This covers the business in the event it causes property damage or bodily injuries to another party, such as a client or vendor.
• Business Interruption Insurance: This helps you pay the bills if you must temporarily close after a damaging accident.
• Commercial Auto Insurance: When the company owns vehicles, this coverage will provide the requisite physical damage, liability and other benefits to help the company afford the costs of wrecks or other vehicle hazards.
• Workers Compensation Insurance: If an employee gets hurt on the job, they are often eligible for workers comp coverage. It will provide them supplementary income during their recovery.
• Errors & Omissions Insurance: Professional advice or mistakes could cause clients a financial loss. This coverage can compensate them on behalf of the business.
• Surety Bonds: If you are contractually obligated to certain clients, then bonds will guarantee them that you will repay them if you cannot meet your obligations.

Additionally, you can further customize your benefits with more specific coverage, such as:

• Inland Marine Insurance
• Employment Practices Liability Insurance (EPLI)
• Products/Completed Operations Liability Insurance
• Cyber Liability Insurance
• Cyber Liability Insurance
• Hired/Non-owned Auto Liability Coverage

Since every business is unique, the best business insurance for your nearest competitor is not necessarily the best insurance for you. Therefore, we will work closely with you to determine how best to structure your benefits packages both to meet your risk management priorities and to offer value for your chosen coverage.

For small business owners, we recommend starting your coverage portfolio with a business owners policy (BOP). BOPs offer coverage that is designed to meet the needs of smaller operations, and they do so by integrating several pieces of essential coverage into one easily manageable package. Additionally, BOPs allow the policyholder the freedom to integrate them with other, more specific coverage to create a more comprehensive commercial insurance portfolio overall.

If you aren’t sure where your business insurance needs lie or are just looking for the easiest way to optimize your coverage, you can rely on the experts at Ramey Insurance to help you find the perfect solutions. With our help, you’ll be able to spend more time doing what you love, rather than worrying whether you are protected against anything.