General Commercial Liability Options
Coverage typically includes product liability, completed operations, premises and operations, and personal and advertising injury.
Professional Liability (E&O)
E&O covers professionals for negligence and errors or omissions that injure their clients. In addition to covering licensed professionals such as accountants, attorneys, insurance agents, architect and engineers, technology companies frequently have a professional liability exposure. This typically arises from the fact that the general liability policy excludes damage to data. Technology E&O can protect your company in the event that your negligence, error, or omission causes damage to a third party’s data.
Employment Practices Liability Insurance (EPLI)
Employment Practices Liability Insurance covers employment-related liabilities other than on the job injuries. EPLI will cover legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights
Workers Compensation Insurance
Workers’ Compensation coverage pays for medical care and physical rehabilitation of employees injured at work and helps to replace lost wages while they are unable to work. Additionally, this coverage protects an employer from being sued by an injured worker in most cases.
A commonly overlooked exposure for companies who employ mostly office workers is the potential injury to employees while driving their own vehicles on company business. This could be as simple as an employee driving to a sales call, the bank or office supply store. If you have employees, it is critical that you consider this coverage.
Commercial Property Insurance
One of the most common types of business insurance products is commercial property insurance.
If you own a commercial building, replacement cost coverage is needed. Although cost estimators are available, we recommend that you secure an appraisal from a third party to accurately determine the current replacement cost of the building.
Most commercial property policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect you from damage due to a flood.
Business personal property insurance covers furniture, fixtures, equipment and inventory. Most commercial property policies have very limited coverage for property taken off the specified location. If you have equipment that is frequently taken off site to various locations, it is important that you have an inland marine policy (equipment or installation floater) to cover this property.
Business Income coverage reimburses a business owner for lost profits and continuing fixed expenses during the time that a business must stay closed while the premises are being restored because of physical damage from a covered event, such as a fire. Business income insurance also may cover financial losses that may occur if civil authorities limit access to an area after a disaster and their actions prevent customers from reaching the business premises.
Electronic Data Processing coverage protects computer-related equipment. It broadens the causes of loss to include virus attacks and power surges.
Commercial Umbrella Insurance
The rising costs of lawsuits and judgments are important for today's business owner to consider. Catastrophic liability losses can happen to any business at any time. The time and effort you have taken to build your business is too important for it to disappear after one unforeseen event.
This helps you protect your assets by providing liability limits above and beyond other policies. In some cases, it even broadens your protection.
Commercial Vehicle Insurance
Whether you use a Prius or a fleet of trucks for work purposes, you cannot afford to be without Commercial Vehicle Insurance. Aims Insurance Services can provide you with the protection needed against liability, personal injury and much more.
Below are examples of Commercial Vehicles covered by Aims Insurance Services.
*Autos and SUVs
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