Business Owners Package
Product Overview
As a business owner, you need to purchase several different types of insurance. It can be quite costly, not to mention complicated, to have different policies for your various business insurance needs. The Business Owners Package policy (BOP), allows you to combine the property and general liability coverages your firm needs into one convenient packaged policy, at a premium that is most likely less than what you would have paid had you purchased the coverage options separately. You also have the option to tailor the coverage options to meet your specific business needs.
Product Highlights
- Building and Contents: Helps cover your buildings and/or business contents if they are damaged or destroyed because of a covered loss. You'll receive the full cost to replace your property up to a limit you select when you purchase your policy.
- Premises and Operations Liability: Provides coverage for bodily injury and property damage sustained by others at your premises or as a result of your business' operations.
- Medical Expenses: Helps pay the applicable medical costs, up to a specified limit, if someone is injured and needs medical treatment due to an accident on your premises.
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Workers' Compensation
Product Overview
Workers' compensation insurance is mandatory for all businesses with employees operating in California and is important for the financial security of your business. It protects your employees in the event they are injured on the job, or the work environment causes them to become ill. The policy provides benefits for injured or ill employees, by covering their medical expenses and physical rehabilitation, and by compensating them for lost income as a result of the injury or illness. More importantly, workers' compensation insurance also protects you, the employer, against lawsuits from your employees claiming that it was due to your company's negligence that they suffered the job-related injury or illness.
Product Highlights
- Reimbursement for Reasonable Defense Expenses: Provides reimbursement for your reasonable expenses incurred on your behalf in connection with a claim proceeding or lawsuit we defend. This coverage extends to loss of earnings.
- Employers Liability Stop Gap: Provides employers' liability coverage in monopolistic states.
- Voluntary Compensation: Provides coverage for employees that are not subject to the workers' compensation law.
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Personal Umbrella
Product Overview
Personal umbrella or "excess liability" insurance works as an added layer of personal protection from large claims and lawsuits. It provides coverage for losses above the limits of your primary policy (e.g. homeowner, auto). Coverage is activated when claims are in excess of the underlying policy limits. For example, if you suffered a $1 million loss, and your homeowner liability insurance covers $500,000, an umbrella policy could cover the remaining $500,000.
Product Highlights:
- Choice of Coverage Amount: Select the coverage range that fits your needs, from $1 million to $5 million.
- Asset Protection: Coverage protects your assets from liability claimants without restricting your control over them.
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