Each and every business has their own specific insurance needs to properly protect their investment. We at the Paul Chapman Insurance Agency can review your current coverages and recommend the proper coverage for your business.
We also write Surety Bonds!
Glossary of Terms
Business Owner's Policy (BOP)
Is a type of policy which combines business property and general liability insurance all on one policy. A BOP is designed for your smaller businesses.
This type of policy offers property and general liability protection along with broader coverage options and higher policy limits. A package policy provides a comprehensive solution for small and midsize businesses with more complex needs that may not be eligible for a BOP.
Covers the property you own, lease or rent, from the sign on your storefront to your computer equipment and inventory.
Covers costs related to litigation and court judgments, if a customer or other third party files suit against you or your employees. It protects your business’s finances and reputation.
This coverage provides an additional layer of coverage over your existing liability policies.
This covers your equipment or materials that are frequently on the move to different locations. It includes your contractor’s equipment, builder’s risk, installation floaters, computers, motor truck cargo coverage to name a few.
A commercial crime policy provides several different types of coverage for your business such as: Employee Dishonesty; Forgery or Alteration coverage; Computer fraud; Funds Transfer fraud; kidnap, ransom or extortion; money and securities and money orders and counterfeit money coverage.
Coverage is afforded to your vehicles, whether a car or truck that are used in the course of your business
This covers lawsuits stemming from events like data breaches and denial of service attacks over the internet or other networks using electronic storage technology. It helps you minimize the negative impact of a data breach by offering the resources you need to act quickly.
This coverage is a state mandated insurance program that covers lost wages and medical treatment resulting from an employee’s work related injury or illness.
This provides your employees coverage should they be injured off the job and unable to work. This coverage is for loss of wages only and pays a portion of your weekly wages up to a maximum of $170 per week; you can collect 26 weeks within a 52 week period.