Home Page Refer A Friend
  • HOME
  • GET A QUOTE
    • Instant Auto Quote
    • Instant Home Quote
    • Business Insurance
    • Business Owners (BOP) Quote Form
    • Commercial Auto Insurance Quote
    • Flood Quote Form
    • Motorcycle Insurance Quote
    • Other
    • Renters Insurance Quote
    • Recreational Vehicle Insurance Quote
    • Truck Quote Request
    • Watercraft Insurance Quote
  • CUSTOMER SERVICE
    • Auto Insurance Customer Service Forms
    • Business & Commercial Insurance Customer Service Forms
    • Flood Insurance Customer Service Forms
    • Motorcycle Insurance Customer Service Forms
    • Recreational Vehicle Insurance Customer Service Forms
    • Watercraft & Boat Insurance Customer Service Forms
  • BLOG
  • MAKE A PAYMENT
  • RESOURCES
    • Secure File Area
    • News Center
    • Insurance Glossary
    • Refer a Friend
    • Free Reports
    • Important Links
  • ABOUT US
    • About Worthington Insurance
    • Location Map
    • Employee Directory
    • Privacy Policy
  • Testimonials
  • Contact
postheader postheader postheader postheader postheader postheader
Home > Blog > Did Your Business Overlook These Business Insurance Coverages?
WEDNESDAY, JUNE 29, 2016

Did Your Business Overlook These Business Insurance Coverages?

Business Insurance Update

There is nothing more important than having the right commercial insurance for your business. Let’s face it, one uninsured loss could be devastating to your business. According to the Small Business Administration, 30% of businesses never recover from a large loss. Your business insurance can be designed to fit your individual needs. Here are a few business insurance coverages that some business may overlook.

Cyber Liability Insurance: This insurance can protect your business from a data breach. If your business stores sensitive or non-public information about employees or clients, you are responsible for protecting that information. 

Umbrella Liability: Almost every business, large or small, needs some level of added protection afforded by a commercial umbrella insurance policy.  A commercial umbrella policy provides a layer of coverage over and above a primary business and auto policy.  There are at least five important lessons, or facts, to be aware of when considering commercial umbrella insurance.

Employment Practices Liability: An Employment Practices Liability (EPLI) policy covers claims made against directors, officers, employees, the company, and its subsidiaries.  The policy can cover wrongful dismissal/termination, sexual/racial/disability harassment, sexual/racial/disability/religious discrimination, employment related libel, slander, defamation and invasion of privacy, wrongful failure to employ or promote, and retaliation.

Business Income Extra Expense: This covers the loss of income that a business suffers, after a covered loss, while its facility is either closed because of the loss/claim or in the process of being rebuilt. Extra expense insurance covers some of the reasonable and necessary costs a business incurs such as the costs of setting up business in a temporary location while its damaged facility is being restored.

Errors and Omissions Insurance: Errors and Omissions, also known as Professional Liability Insurance, helps to protect your business from lawsuits and claims, which may occur because of providing professional services or not delivering on a commitment or promise.  If you provide any kind of “professional” services, you need to consider this insurance.

Environmental Liability: Your business insurance does not cover any claims for pollution or environmental related accidents. There are pollution exclusions in commercial general liability, automobile, and property policies.  To fill this gap, Environmental or Pollution Liability is needed for firms that have an exposure.

Commercial insurance is one of the most important products a new business needs. Our agency can help you review your risks and guide you through the process of securing the right combination of coverage and price.

Worthington Insurance specializes in competitive auto, home, contractor and business insurance as well as insurance in Philadelphia, Yardley, Morrisville, Langhorne, Newtown, Bensalem, Levittown, Bucks County and surrounding areas in Pennsylvania and New Jersey.

Posted 9:33 PM

Tags: business insurance, commercial insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010

  • business insurance(73)
  • home insurance(56)
  • commercial insurance(54)
  • personal insurance(51)
  • insurance(41)
  • auto insurance(37)
  • flood insurance(18)
  • premium savings(14)
  • bonds(11)
  • auto(10)
  • homeowners insurance(10)
  • safety(10)
  • car(6)
  • contractors insurance(5)
  • rental cars insurance(5)
  • renters insurance(4)
  • social media(4)
  • motorcycle insurance(4)
  • vacation safety(4)
  • cyber liability(4)
  • auto savings(3)
  • home(3)
  • agent(3)
  • homeowners(3)
  • cyber insurance(3)
  • holiday safety(3)
  • insurance myths(2)
  • workers compensation(2)
  • cars(2)
  • umbrella insurance(2)
  • claims(2)
  • premiums(2)
  • rv insurance(2)
  • myths(2)
  • rates(2)
  • house(2)
  • pa(2)
  • identity theft(2)
  • flood(2)
  • philadelphia(2)
  • auto accident(2)
  • claim(2)
  • work comp(2)
  • boat insurance(2)
  • risk(2)
  • home safety(2)
  • tips(2)
  • life insurance(2)
  • policy(2)
  • business(1)

View Mobile Version
 
  • Travelers
  • Hartford
  • Safeco
  • Metlife
  • Progressive
  • Westfield
  • Chubb
 

HOME PAGE ABOUT US GET A QUOTE REFER A FRIEND CONTACT US

41 University Dr Suite 400 | Newtown, PA 19067 | Phone: 215-493-4170


Logo
Powered by Insurance Website Builder
Social Facebook LinkedIn Blog Google Plus