Business Insurance

Business insurance is a blanket term for all the different types of commercial insurance a business can have. There are a wide variety of options available, including worker’s compensation and liability insurance. To protect your business finances, the right commercial insurance policies are a significant component of a comprehensive risk management strategy. Our agency is here to help you develop and execute an insurance plan that includes all of your business needs. Call Godwin & Silverman today to learn more or to get a free, no-obligation quote. General liability insurance is a must-have in your business. This type of coverage can protect you from claims of bodily injury or other physical injuries, personal injury (libel or slander), advertising injury and property damage. It can be offered as a package policy with other coverages such as property, crime, automobile and more.

Business interruption insurance

This may help pay for lost income if a covered peril forces you to shut down your operations temporarily. Liability insurance—If your business is held legally responsible for the injuries or property damage to others, liability insurance may compensate them for their losses. It may also cover the associated legal costs (e.g., court fees, settlements and judgments.

Liability insurance

If your business is held legally responsible for injuring or damaging someone else, liability insurance may pay compensation to the victim. Liability insurance also covers legal costs. It includes several types of coverage, including:

• Commercial general liability insurance
• Products liability insurance
• Pollution liability insurance
• Cyber liability insurance
• Completed operations liability insurance
• Professional liability insurance

Commercial auto insurance may protect your vehicles if they are damaged or in accidents. Hired and non-owned auto insurance (HNOA) may also protect your business from liability for vehicles that you do not own but utilize for work purposes.

Umbrella insurance

Liability limits are important, but there is a chance that someone could come after you for more than what your policy covers.

Workers’ compensation

This can provide wage replacement or payments for medical expenses if an employee suffers a work-related injury or illness. Other insurance policies may be available. Our agents can talk with you about your options, eligibility, and policy limits.