COMMERCIAL INSURANCE
Our property and casualty team provides risk management services on a range of risk exposures, such as Workers’ Compensation, Property Coverage, General Liability, Product Liability, and more. United Benefits can help protect your business and assets with a comprehensive program.
Commercial Insurance
Property and casualty insurance is vital to protect your business interests. Consider what would happen if your business experienced a loss through breakdowns, lawsuits, or worse. Without a proactive plan to manage your risk, the future of your organization could be at stake. The aftermath could be devastating to you, your organization, and your people.
Property
From natural catastrophe risks, such as hurricanes or earthquakes, businesses have to rely on successful risk management solutions to business interruption. Partnering with our property specialists will help you manage your risk management challenges, identifying and quantifying your risks, and implementing the right risk management solutions.
Analysis
We take an analytical approach to risk, defining your crucial risk drivers and identifying where you could have exposures in your risk management program, whether it may be underinsured or overinsured.
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Program design
After our analysis, we will provide a comprehensive review of your exposures, and prioritize risk transfer strategies based on your corporate goals. We will tailor the insurance program to fit your specific profile and needs.
Coverage can include:
- All risks for property damage and business interruption
- Reinsurance
- Deductible buy-down
- Stand-alone catastrophe perils (wind, earthquake or flood)
- Stand-alone terrorism
Casualty
The term “casualty” describes multiple areas of risk, from general liability to product liability and workers’ compensation. A comprehensive strategy is the best approach to collectively manage these risks, instead of separately as they often are.
Whether your generated exposure is a unique or and unusual risk or a volatile loss history, our goal is to understand your vulnerabilities and tailor solutions that help protect your business’ bottom-line.Â
We provide a range of casualty solutions, including:
- Risk identification and quantification
- Risk-retention analysis
- Exposure analysis
- Program design
- Marketing new coverages to protect previously unaddressed areas of exposure
- Periodic state-of-the-market analysis
- Preparation of policy form comparisons
- Forensic accounting
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Essential Coverages
As a business owner, you need to be certain that you are properly covered for losses you may experience in the event that the physical assets of your business are damaged or destroyed.
As much as you count on insurance to be there for you in the event of catastrophic damage to your facilities, you also need to protect your organization from potential lawsuits that can arise as a result of accidents or negligence.
If you have employees, you have liabilities. You’re more likely to face Employment Practices Liability (EPLI) claims than general liability actions. The claims include allegations of sexual harassment, fair pay discrimination, wrongful termination and employee misclassification. In addition, your liability is not limited to employees. Third parties, such as customers or vendors can also allege harassment or discrimination. Altogether, the financial and reputational costs can be devastating to an organization.
Your success depends on your customers’ and vendors’ trust in the services, advice or counsel you provide. Allegations of misrepresentation, breach of contract or wrongful business practices can destroy your business. If you offer professional services, make recommendations, provide solutions to or otherwise represent the interests of your customers, you’re assuming a professional liability. And it’s not just your actions that you need to worry about. If you use third-party vendors in the course of your work, you’re also liable for their acts, errors and omissions.
You should never underestimate the potentially crippling effects of a cyber breach or assume that your company is too small, too big or too protected to become a target. An alarming number of small and medium-sized organizations suffer cyber attacks each year. And if your systems or data are compromised, it can put you out of business. At the very least, you could suffer a significant financial loss and damage your reputation.
Visit Cyber Insurance Advisory, Brokering, and Placement for more information.
A smarter approach to coverage and compliance. As most employers are required by federal law to have workers’ compensation insurance for your employees, States also have their own rules, and they can create additional compliance headaches for your organization. By understanding the applicable regulations and identifying coverage options that reduce the risks to your organization, you can meet your compliance requirements, lower your costs and still protect your employees the way they deserve.
Basic coverage for small and mid-sized businesses in one cost-saving package. The Business Owners Policy (BOP) is a combination of business property and liability protection specifically designed to meet the insurance needs of small and mid-size businesses. Your advisor will help you customize your BOP with the options that make sense for your line of business. Save money and eliminate coverage gaps with a business owners policy that includes:
Building and Business Property Insurance
Protect your business with coverage that will repair or replace damaged or destroyed buildings, equipment, stock, furniture or fixtures.
Business Liability Insurance
Protect your business against financial loss resulting from claims of injury to others or damage to property caused by you or your employees.
We can find the appropriate coverage to ensure your business survives when business is disrupted. Property, auto and other forms of commercial insurance will cover the cost to rebuild or replace damaged property but not the losses that can occur while your business is disrupted. Your Business Interruption insurance covers net profit, ongoing expenses and even extraordinary expenses for a prescribed period of time during which business is disrupted by natural disasters, terrorism, employee fatality and even executive kidnapping. Business Interruption insurance coverage is an essential enhancement to the many of the other policies that will protect you while normal business activities are disrupted.