coverage information
Additional Information
General Liability Insurance: The most basic business insurance is general liability insurance. Commercial general liability insurance is typically required before taking possession of the business premises. Most landlords will require that they be listed as an additional insured on your business insurance policy.
Business general liability coverage will cover incidents such as trip and fall on the premises and any accidents or incidents resulting from your business operation. Commercial general liability insurance policies are tailored to match your business operation type. It is important that a qualified business insurance agent such as Siracusa Risk Management determine the correct class codes for your business insurance.
Business Property Insurance: Starting and running a business may include investing in equipment, machinery and fixtures. Commercial property insurance is the insurance coverage you can purchase to protect your investment. In the event of a fire, burglary, vandalism or other catastrophe business property insurance would reimburse you for your loss. Commercial property insurance can also include business interruption insurance covering overhead and payroll expenses if your business suffers a loss and cannot operate. Business property insurance can also cover inventory and raw materials where needed.
Cyber Insurance: If your business collects and perhaps stores client data such as social security numbers, credit card info etc. cyber liability insurance should be considered when choosing your business insurance coverage. Cyber liability insurance covers both the expenses to notify affected individuals of data breaches and the expenses to make the insured whole for their own damages incurred.
FAQ's
What is the advantage of buying from an agent versus on-line from the big companies?
NEVER BUY BUSINESS INSURANCE ON-LINE! Sure, buying on-line can be convenient and it may seem like you are saving money. But unless you are buying something simple vanilla like car insurance you need the "one on one" expertise and guidance from a live person (a properly experienced one). Read my blog for more on this.
What do I do if my business operation changes or if I add or remove operations or locations etc?
This is where dealing with a traditional agent is an advantage. Simply pick up the phone, call us and discuss your plans and direction and we will point you in the right direction and make the necessary changes.