Most business owners know they should have commercial insurance, but they become easily overwhelmed by the number and types of products available. This is especially true for businesses that are just starting up or those that are expanding.
At Elliott Group, we offer a wide array of commercial insurance products. We’re sure to have what you need to protect your business in any number of ways, and we can help you determine what types of insurance offer you the greatest peace of mind.
Commercial Property Insurance
This insurance covers your business premises in the event of fire, theft, vandalism, and most natural disasters. Not only are the buildings covered, but their contents as well: furnishings, electronics, equipment, and inventory.
Commercial Liability Insurance
Also known as business liability or general liability insurance, this product is essential for business owners to protect them in the event of an accident or injury.
We also offer general liability insurance to cover errors and omissions, employment practices (wrongful termination, discrimination, harassment, etc.), and directors and officers.
Commercial Umbrella Insurance
Your commercial liability insurance has a cap on it. Many business owners elect to add additional liability insurance through a commercial umbrella policy.
Commercial Auto Insurance
Whether you operate one business vehicle or an entire fleet, you need commercial auto insurance. Just like coverage for your personal vehicle, this insurance can provide liability coverage (usually required by the state), collision coverage, and comprehensive coverage. Commercial auto insurance can also be set up to cover the use of personal vehicles for business purposes, a common sales practice, and the use of rental vehicles for your business at home or when traveling.
Workers Compensation Insurance
Workers compensation insurance protects both you and your employees in the event a worker is injured or disabled on the job. It can provide legal protection for you, the business owner, while covering lost wages, medical expenses, and rehabilitation for employees.
Cyber Liability Insurance
With cyber crime on the rise, most companies would be devastated by an online breach, which could affect both internal business and customer data. Cyber liability insurance can offer coverage for things like payroll, credit card transactions, day-to-day sensitive business operations, and high-tech business practices. Your coverage is based on the size and scope of your business, as well as a risk assessment for potential cyber vulnerabilities.
Inland Marine Insurance
This type of insurance is vital if your business transports inventory or other cargo, and it protects these assets in transit.
Earthquake and Flood Insurance
These two types of insurance can be added to business property insurance and are a smart move with the current increase in weather events in the Midwest and scientific predictions for seismic incidents in the next two decades across the United States. You can easily add these via special policies that are purchased separately and offer additional coverage for your business premises.
Employee Benefits Liability Insurance
This insurance protects your business from lawsuit judgments due to errors and omissions with employee benefits, such as health plans and family leave.