Commercial Insurance
Commercial Insurance Agency
Explore Our Commercial Insurance Products
No matter what type of business you own, the need for commercial insurance is paramount to the success and future of any business. At Bishopbend Insurance Services, we understand the stress of owning a small business. That’s why we’re here. Our goal is to make obtaining insurance as easy as possible for you. Our team will be here each step of the way to ensure your questions are answered and that you feel confident about your insurance coverage. When you’re looking for a commercial insurance agency, look no further than Bishopbend Insurance Services.
Business Owner
Are you a business owner? If so, business owner insurance may be perfect for you. This insurance product consists of both property and liability coverage and is common amongst small to medium sized businesses. The liability coverage aspect is the same as your typical general liability policy, which protects against customer injuries, property damage, and any product-related claims. The property aspect consists of coverage for commercial buildings or any type of movable property used for business purposes. This type of coverage can also provide coverage for debris removal, income loss, and more.
General Liability
Commonly referred to as “business liability insurance,” this product protects business owners against property damage and personal injury claims that occur during normal business operations. For example, if a customer were to slip in your storefront, you would be responsible for paying for any medical bills. With general liability insurance, these bills would be paid for by your plan. This type of insurance also covers repair costs if customer property is damaged, legal costs to defend your business in a lawsuit, and more.
Commercial Property
As a business owner, you never know what will be thrown at you. From minor occurrences, like a busted water pipe, to larger events, such as fires and natural disasters, accidents happen. Protect what you’ve worked so hard for with commercial property insurance. This product protects your business property in the event of damage, destruction, or loss. Under this plan, your building, outdoor property, inventory, equipment, furniture, and fence are protected. Protect your business today.
Employment Practice Liability
If you’re a business with a lot of employees, employment practice liability may be perfect for your business. This insurance product protects businesses against claims made by employees. These claims range from discrimination, harassment and wrongful termination to any other employee-related issues. Employment practice liability is crucial, whether your business is small or large. That’s because you never know when new hires, or even long-term employees, will decide to make a claim against you. Something as simple as rejecting a potential candidate could be translated into discrimination. Protect your business today with employment practice liability.
Cyber and Crime
If your company uses computers or laptops for everyday use, your business may benefit from cyber and crime insurance. Crime insurance protects businesses from fraud, theft, and forgery, while cyber insurance protects businesses from threats that could damage computers or data. Cyber crimes oftentimes lead to theft, damage, or misuse of data. Essentially, any business that processes or stores personal information, credit card information, or medical records would need cyber insurance. In this day and age, businesses have to prepare for any cyberattacks that could threaten both their customers and business. That’s why cyber and crime insurance is crucial.
Errors and Omissions
Errors and omissions insurance is a type of professional liability insurance. This product protects businesses and their employees against claims of negligence or faulty advice. Most often, the types of businesses who seek this coverage are those in the field of advising or any sort of professional service. This ranges from doctors and lawyers to financial advisors and real estate agents. Errors and omissions insurance typically covers any court costs and settlements (within the coverage limits).
Directors and Officer’s Liability
Unlike most commercial insurance products, directors and officer’s liability insurance covers the employee, not the business itself. This insurance protects directors or officers against any personal losses, whether they work for a for-profit corporation or nonprofit. Basically, if the individual who serves as officer or director gets sued, this insurance would protect them against personal losses. Directors and officers liability insurance pays losses associated with a lawsuit, including any legal expenses. Most often, this insurance does not cover fraud or criminal offense cases.
Workers’ Compensation
Did you know a majority of the states require businesses with more than one employee to obtain workers’ compensation insurance? Workers’ compensation is a necessary component of your business. After all, we cannot predict the next time an employee will become injured or sick. Under workers' compensation, employees who become injured or sick due to work-related events will have the following covered: medical bills, a portion of lost income, and, in the event of a death, funeral expenses. Not to mention, if your business is involved in a lawsuit, workers’ compensation also covers legal expenses.
Business Auto
Do you or your employees use company vehicles? Whether it’s for everyday use or every once in a while, business auto insurance protects against damages or injuries in the event of an accident. Car accidents are sometimes inevitable, and the best thing you can do is prepare for the unexpected. Business auto insurance covers any vehicles used for business purposes, whether that’s for deliveries, appointments, or other business purposes. Under this insurance, the main things that are covered are damage to vehicles and driver injury, whether it’s you or someone else.
Umbrella
The life of a business owner can be unpredictable. That’s why planning for the unexpected is crucial for not only your business, but also for your own peace of mind. Commercial umbrella insurance provides an extra layer of protection in the event of property damage or bodily injury. Basically, when your commercial auto, general liability, or other liability coverage ends, commercial umbrella insurance picks up where it left off. Commercial umbrella insurance increases coverage, while also widening the liability limit that’s already in place.
Equipment
If you use equipment on a daily basis, or if equipment is essential for everyday operations, equipment insurance is perfect for you. This insurance is for when equipment is damaged or breaks down, whether that be a computer network issue, mechanical problems, or electrical system malfunction. Equipment insurance typically covers the cost to repair or replace equipment as well as the cost for time and labor to fulfill any repairs. Income loss is also covered.
Miscellaneous
Looking for an insurance product that’s not listed? We just may offer the product you’re interested in. Begin by contacting our team to learn how we can accommodate your needs. We look forward to speaking with you!
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