Commercial Property Insurance
Commercial property insurance is a type of small business insurance that provides coverage for losses resulting from covered perils such as a damage-causing storm, fire, vandalism, theft, electrical surges, building collapse and certain damages caused by water. Without it, small business owners are left to pay for necessary repairs out-of-pocket.
Contact our agency to learn how commercial property insurance can help protect your company’s finances and to get a personalized quote.
Who Needs Commercial Property Insurance?
Landlords may require that their tenants provide proof of commercial property insurance or business property insurance. Lenders also require commercial property insurance, also called business property insurance, for the duration of the mortgage to help cover financial losses after a damage-causing event.
Even if you aren’t required to purchase commercial property insurance, it’s crucial to get this coverage. It can help protect your company from the financial effects of damage-causing events.
What Does Commercial Property Insurance Cover?
Commercial property insurance is a contract between an insurance company and a business. It may cover the company’s physical location and other assets such as office equipment, inventory, fixtures, furniture, supplies and business-owned buildings. Commercial property insurance coverage helps a business owner pay to repair or replace damaged, stolen or lost business property in exchange for premium payments.
If you have concerns about the amount and types of coverage this policy provides, talk with your agent to learn about riders or additional policies that can help you get adequate protection for your business.
How to Get Commercial Property Insurance
Knapp-Miller-Brown Insurance Services is ready to help you get a commercial property insurance policy that satisfies your lender or landlord’s requirements while providing you with essential business property coverage. Contact them today.
Commercial Auto Insurance
A commercial auto insurance policy can help cover the costs (e.g., damaged property and/or medical expenses) of an auto accident that may be caused by you or another employee. Generally, commercial auto coverages include liability, collision, medical, comprehensive and uninsured/underinsured motorist coverage. There are additional coverages a business may need to add to their commercial auto insurance coverage. Our agency can help you review your business’s insurance needs and ensure you have the appropriate coverages.
What Does Commercial Auto Insurance Cover?
Commercial auto insurance comprises various coverages, including:
- Liability coverage may provide repair costs for the other person’s vehicle or property. It also can provide coverage for the legal fees associated with a lawsuit for personal injury.
- Comprehensive coverage can provide complete protection for damages unrelated to an accident, such as losses related to theft, floods, vandalism and fires.
- Collision coverage may cover vehicle repair costs if an insured vehicle collides with another vehicle or object. Collision insurance may also help replace a totaled vehicle.
- Medical payment may provide coverage for passengers and the driver when there is a need for medical care resulting from an accident.
- Uninsured motorist coverage provides bodily injury coverage if an uninsured driver hits a business’s vehicle and injures its driver and passengers. Some uninsured motorist coverage also covers damage to the company vehicle.
- Underinsured motorist coverage provides coverage if an underinsured driver hits a business’s vehicle and injures its driver and passengers. Some underinsured motorist coverage also covers damage to the company vehicle.
Policy endorsements may be available to your business to help round out your policy. Add-ons may include roadside assistance coverage, towing reimbursement, hired non-owned coverage, rental reimbursement and gap coverage for auto loans or leases.
How to Get Commercial Auto Insurance
If your business needs commercial auto insurance, we’re here to help. Contact Knapp-Miller-Brown Insurance Services today for a quote or to discuss your commercial auto insurance needs.
Directors and Officers Liability Insurance
Directors and officers (D&O) liability insurance may provide coverage for a business’s or organization’s directors and officers if claims are made against them, and it may insure against their personal losses.
Our knowledgeable agents can help you get the D&O insurance that fits your needs. Contact us today to get started.
What Does D&O Liability Insurance Cover?
Directors and officers of businesses, corporations or nonprofit entities may be sued for their actions or decisions. Lawsuits may allege breaches of duties, misstatements, errors, misrepresentations or other wrongful acts. These lawsuits, whether from employees, stockholders, customers, vendors, clients or other parties, could potentially place the director’s and officer’s personal assets at risk.
D&O policies may help pay for associated legal fees (e.g., defense costs, settlements and judgments) and compensate the affected parties while helping shield directors and officers from personal losses. Our agents can provide more information on options, exclusions and limits.
Who Needs D&O Liability Insurance?
Entities with a board of directors or advisory committee should consider D&O insurance. Whether you are a publicly traded corporation, a private company or a nonprofit organization, the right D&O policy can provide essential coverage. It may also help you attract individuals to serve in those leadership capacities.
Contact Us
Policies and coverages vary, but our team can help ensure you have the right insurance for your operations. Contact Knapp-Miller-Brown Insurance Services today for more information or a for quote.
Errors and Omissions Insurance
Errors and omissions insurance, which is also called E&O insurance and professional liability insurance, can help protect businesses from third-party claims or lawsuits because of alleged mistakes. If your business needs an E&O policy, we’re here to help. Contact our agency today to discuss your professional liability insurance needs and to get a quote.
What Does E&O Insurance Cover?
E&O insurance typically provides coverage if a party sues your business, claiming they suffered a financial loss because of your business’s actions. Common reasons for claims include the following:
- Mistakes or errors
- Negligence
- Oversights or omissions
- Inadequate work
- Incorrect advice
- Misrepresentations
Having E&O insurance may reduce your business’s out-of-pocket costs by paying for the associated legal expenses of these claims (e.g., court costs, settlement and judgments)—even if the claim is dropped.
Speak with us today for details regarding coverages, limits and exclusions (e.g., illegal acts or intentional wrongdoing). We can help ensure you are securing the optimal E&O insurance policy.
Who Needs E&O Insurance?
E&O insurance may be available for businesses or professionals that provide services or advice, including:
- Insurance agents
- Real estate agents
- Architects
- Financial advisors
- Accountants
- Engineers
- IT consultants
For some professionals, E&O insurance may be mandated by law. Additionally, it may help attract or retain clients as some may require proof of coverage before working with your business.
How to Get E&O Insurance
Contact Knapp-Miller-Brown Insurance Services today to learn more about your professional liability coverage options.
Farm Insurance
As a farm owner, you face numerous risks that could damage your valuable assets or create financial hardship for your operations. Securing a comprehensive insurance portfolio can help protect your business and property. Contact our agency today to learn more about your farm insurance options.
What Does Farm Insurance Include?
There are many insurance options for farm owners. These include the following:
- Farm liability insurance—If your farm operations cause bodily injuries or property damage to others, this coverage may help you compensate them for their losses (e.g., medical bills). It may also help pay for legal fees that arise from these claims.
- Farm structures insurance—Structures and outbuildings, such as barns, silos and sheds, may be a vital part of your operations. This coverage may provide protection if they are damaged by covered events such as fires, lightning or windstorms.
- Farm dwelling insurance—If you live on your farm, this coverage may protect the structure of your house if it is damaged by a covered peril.
- Farm equipment and tractor insurance—Tractors, combines and other farm equipment, such as pumps, sprayers and planters, are valuable assets vital to many farming operations. This coverage may help pay for repair or replacement costs if they are damaged by a covered cause of loss.
- Crop insurance—This coverage may help replace lost income if your crops are damaged by covered perils.
- Farm livestock insurance—For operations with livestock, animal loss could present a significant risk to your operations. This coverage may help mitigate those risks by providing coverage if your livestock is lost due to covered events, such as loading or unloading accidents or severe weather.
- Equine insurance—If you own horses, this coverage may provide injury or mortality protection for them.
- Workers’ compensation insurance—If you hire full- or part-time employees, workers’ compensation may provide funds for medical expenses or supplemental income if work-related injuries or illnesses keep them from working.
Other coverage options may be available, and plans can generally be customized to meet your specific needs. Contact your agent for details regarding available policies, exclusions and limits.
How to Get Farm Insurance
Knapp-Miller-Brown Insurance Services are determined to help you learn more about farm and ranch insurance policies so you can make the best decision on a policy for you and your farm. Contact us today to get started.
General Liability Insurance
Commercial general liability insurance can cover your business and clients by providing financial assistance when the unexpected happens. Our team can help you secure the insurance your business needs. Contact us today to get started.
Commercial General Liability Coverages
Commercial general liability insurance typically provides coverage for:
- Third-party property damage. Commercial general liability insurance may provide repair or replacement costs if your business is responsible for damaging others’ property.
- Third-party bodily injury. Commercial general liability coverage may pay for medical expenses if your business is responsible for a third-party bodily injury (e.g., an injury occurring at your business).
- Personal and advertising injury. Commercial general liability insurance may provide coverage if your business is sued for a personal or advertising injury (e.g., slander, libel or copyright infringement).
In addition to providing compensation for damages, commercial general liability insurance may pay associated legal fees (e.g., attorney fees, settlements and judgments). Speak with your agent for more information on coverages, limits and exclusions.
Why Commercial General Liability Insurance Is Important
Although commercial general liability insurance typically isn’t required by law, some business licenses may require coverage. Or a landlord may require proof of insurance before offering a lease.
Commercial general liability coverage may also help you avoid paying for unexpected losses out of pocket. Reach out to your agent for additional information on how commercial general liability insurance may mitigate your business’s risks. We can help you secure the coverage that is right for you.
How to Get Commercial General Liability Insurance
Our team can help you obtain your commercial general liability insurance policy. Contact us today for additional information or a quote.
Workers’ Compensation Insurance
Accidents happen in the workplace, no matter what precautions you have in place. Workers’ compensation insurance is designed to help cover the costs associated with a work-related injury or illness. We’re here to help you sort through business insurance, including workers’ compensation insurance benefits. Contact us today to get started.
What Is Workers’ Compensation Insurance?
Workers’ compensation insurance is a type of business insurance policy that provides benefits to employees if they suffer work-related illnesses or injuries. Workers’ compensation benefits typically include coverage for paying for medical care and lost wages from time missed from work.
Employers also benefit from workers’ compensation insurance, as it can help protect your business from lawsuits and keep it compliant with state regulations.
What Are Workers’ Compensation Benefits?
Workers’ compensation may provide various benefits to employees who experience an injury or illness, including:
- Medical benefits—Employees may receive compensation to cover doctor appointments, hospital visits and medications.
- Wage-loss benefits—If an employee cannot return to work at total capacity, wage-loss benefits may help them supplement their lost income. This benefit may last until the employee has recovered or until the wage-loss benefit limit has been reached.
- Vocational rehabilitation benefits—Employees may receive access to vocational rehab services to help them learn new skills and reenter the workforce after an injury.
- Death/dependent benefits—If an employee loses their life because of a work-related injury or illness, workers’ compensation may help cover funeral costs and lost income. These benefits are typically provided to the spouse or dependents of the deceased.
Worker’s compensation laws vary by state, which may impact the limits and duration of benefits and the type of employers required to have it. Reach out to an agent to discuss specific requirements for your business.
How to Get Workers’ Compensation
We’re ready to help you secure workers’ compensation coverage for your business. Contact Knapp-Miller-Brown Insurance Services today for more information or a quote.