Business Insurance
 Businesses
present unique exposures for insurers, so it is harder
to generalize about coverages. The categories of policies
listed below are only an outline of the coverages available through our insurance carriers.
Whatever your commercial insurance needs, we can design
a protection program that's right for you.
Heber Insurance provides the following types of
business insurance protection:
Commercial Auto
A commercial automobile insurance policy is required
under most circumstances when the vehicle is used for
business purposes and meets certain other requirements.
It is not just the registration that determines the
requirement for a business automobile insurance policy.
Other requirements are ownership by a corporation, use
in hauling goods for hire, and gross vehicle weight
of the vehicle. Some small trucks can be owned and insured
under a personal automobile insurance policy under specific
circumstances.
Commercial automobile insurance policies are not regulated
in pricing, as are private passenger policies. There
is price competition between insurance companies for
good commercial automobile insurance.
BOP (Business Owners Package)
Business
Owners Package policy, commonly called a "BOP" contains
many of the insurance coverages needed by most small
businesses. While these policies are not standard, there
is great variation from insurance company to insurance
company; there are certain common elements. The basic
BOP offers business property both building and contents,
and liability insurance protection for the operation
of your business. This liability protection will generally
include both the operation of your business, at its
established location, and the liability from your products
or completed operations.
Some, but not all of the policies, will also offer business
income and extra expense protection after an insured
loss. BOP policies do not contain all of the coverages
needed by a small business. Notably they do not cover
any workers compensation, professional liability, or
business vehicle coverage.
Business Interruption
If your business suffers a property loss it could cause
the business to slow or close down while repairs are
made. This may mean a complete or partial revenue loss
depending on the time frame and the damage. From the
time the loss occurs until your business is running
again, insurance can replace your lost profits, and
provide a source of money to pay your necessary continuing
expenses, like rent, payroll, taxes, etc.
Commercial Property
Commercial Property protects your business against
the loss or loss of use of company property. "Property"
can include a variety of types: lost income or business
interruption, buildings, computers, money, and valuable
papers.
Commercial Umbrella
Most package policies provide a liability insurance
limit of $1 million for any one loss and $2 million
in any one year. For many businesses, this limit is
inadequate for real economic security. As a result,
additional layers of protection in million-dollar increments
are readily available in today's insurance market for
most businesses.
Employment Practices Liability (EPLI)
Employment Practices Liability Insurance otherwise
known as EPLI is insurance that helps protect you against
claims from your employees that result from the general
conduct of your business. Common examples of employee
related claims include claims relating to:
- Discrimination
- Wrongful Discharge
- Sexual Harassment
- Hostile Working Environment
- Wrongful Termination
- Lack of Advancement
Property / Liability
The general or public liability policy provides protection
for claims of liability that are made by third parties.
The policy provides defense protection even if the allegations
are groundless. In addition the policy will pay any
judgment up to the policy limit of coverage.
Surety Bonds
We work with many of the country's top-rated surety
companies to secure:
- Contract Payment and Performance Bonds
- Fidelity Bonds on Employees
- Code Compliance Bonds
- Judicial and Court Bonds, including estate guardianship
and repletion bonds
- Professional Service Bonds
Workers Compensation
 Workers
Compensation insurance protects employers from claims
resulting from injuries to employees. It protects your
business from lawsuits and provides employees with compensation
for on-the-job injuries.
By law, most employers are required to provide coverage
for lost wages and medical bills incurred as a result
of on-the-job accidents or illnesses. For many businesses,
this coverage is the largest part of its insurance expense.
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