Commercial Insurance

We know that you cannot control everything, but you can be prepared for it. What if someone slips and falls walking into your building or a fire severely damages your building? Will your business survive? You shouldn’t have to worry about these scenarios and how to pay for them. With the right protection, you won’t have to.

Our insurance advisors can help you identify gaps in coverage, look for ways to save money, and keep your assets and income protected. If you would like to have one of our advisors review your situation, please contact us.

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Many types of coverages may be applicable to your business:

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Commercial Property

A Property Owners policy is designed to meet the property and liability needs of commercial property owners. Targeted commercial property includes small tomedium size apartment buildings, condominiums, leased offices and otherproperties. This package includes coverage for property, liability and actualloss sustained income protection, along with additional enhancements to meetyour specific needs.  A Landlord policy is designed for owners of one- ortwo-family rental properties owned by an individual, individual and theirspouse, or a living trust.

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General Liability

BusinessLiability also known as General Liability protection covers your company'slegal responsibility for the harm it may cause to others. This harm is a resultof things that you and your employees do or fail to do in your businessoperations that may cause bodily injury or property damage due to defectiveproducts, faulty installations and errors in services provided. This coverageis also found in a Business Owners Policy which can include other valuablecoverages tailored to the needs of your specific business operation.

Note: The business general liability does NOT cover professionalliability, auto insurance, worker’s compensation or health and disabilityinsurance

Workers Compensation

Workers’ Compensation insurance provides coverage for employees injured in the workplace or in the course of their employment. It pays for medical bills and lost wages as required by state law. The policy also provides Employers’ Liability insurance for any related suits that are permitted under state law. 

Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken. To protect employers from lawsuits resulting from work place accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, businesses are required to buy workers compensation insurance. Workers compensation insurance covers workers injured on the job, whether they're hurt on the workplace pre mises or elsewhere while still on the ‘clock’, or in auto accidents while on business. It also covers work-related illnesses.

Workers compensation provides payments toinjured workers, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.

States has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.

Business Auto

A Business Auto policy includes liability, collision and comprehensive coverage to meet your business needs. Whether you are retail, wholesale delivery, contractor or service industry vehicles, we can customize a policy to meet your specific needs. Garage Auto insurance provides for all types of coverage including auto sales, service, repair, gas stations, auto detailing. The policy provides liability coverage for your work and physical damage coverage on your customers’ autos as well as your own. As a business owner, you need the same kinds of insurance coverage for the car you use in your business as you do for a car used for personal, such as liability, collision and comprehensive, medical payments, uninsured motorists, etc. In fact, many companies use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the "principal insured" rather than your name. This helps avoid possible confusion in the event that you need to file a claim or a claim is filed against you.

While the major coverages are the same, a business auto policy differs from a personal auto policy in many technical respects. If you are using your car for business activities -- transporting supplies or products or visiting customers, you need to make certain that your automobile insurance protects best you from accidents that may occur while you're on business.  If you have a personal umbrella liability policy, there's generally exclusion for business-related liability.  We can assist you with having sufficient auto liability coverage.

Errors and Omissions

Professionals that operate their own businesses may need professional liability insurance in addition to an in-home business or business owners policy. This protects the magainst financial losses from lawsuits filed against them by their clients.

Professionals are expected to have extensive technical knowledge or training in their particular area of expertise. They are also expected to perform the services for which they were hired, according to the standards of conduct in their profession. If they fail to use the degree of skill expected of them, they can be held responsible in a court of law for any harm they cause to another person or business. When liability is limited to acts of negligence, professional liability insurance may be called "errorsand omissions" liability.

Professional liability insurance is separate policy and is not provided under home owners endorsements, in-home business policies or business owners policies (BOPs).

Umbrella

Business Liability also known as General Liability protection covers your company's legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided. This coverageis also found in a Business Owners Policy which can include other valuable coverages tailored to the needs of your specific business operation.

Note: The business general liability does NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance

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Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Wealthcare Advisory Partners a registered investment advisor. Wealthcare Advisory Partners and Fellows Financial Group, LLC are separate entities from LPL Financial. The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: CA, CO, DC, GA, FL, HI, IA, MD, MT, NC, OH, PA, VA, TX, WV.

Personal and Commercial insurance services are offered through Fellows Insurance Group LLC.   Fellows Insurance Group LLC is a separate entity from Fellows Financial Group LLC, LPL Financial and Wealthcare Advisory Partners.   LPL Financial, Fellows Financial Group LLC, Fellows Insurance Group LLC and Wealthcare Advisory Partners do not offer tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.

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