Business Insurance

Having the proper business insurance protection can make the difference between the success or survival of your business. Please contact our agency for an Insurance Review or 2nd Opinion.

Business Insurance

Business insurance protects your assets and human resources by minimizing operational hazards or financial risks associated with unexpected or fortuitous events such as a death of a partner, an injured employee, a lawsuit, or a natural disaster. 

Business Insurance provides protection for a broad range of financial losses as a result of the growing nature of risk and uncertainty in the marketplace.  Today, your relationship with a professional and competent insurance counselor is very important.

Common Types of Business Insurance

General Liability Insurance 
  • Insurance protection for allegations of bodily injury and/or property damage arising out of negligence or a tort under civil law from the use of premises, on-going operations, products, completed operations, and advertising and/or personal injury liability.
Commercial Auto Insurance
  • Insurance protection for allegations of bodily injury and/or property damage arising out of the negligent use of owned, leased, rented or non-owned covered autos, such as private passenger vehicles, trucks, and other motorized road vehicles.  This insurance will also provide protection for the following financial losses - physical damage - comprehensive or collision - to covered autos, loss of use, first party benefits, towing and/or rental costs resulting from traffic accidents with 3rd parties or other property.
Commercial Property Insurance
  • Insurance protection for direct financial loss to an insured's covered property such as buildings or business personal property.  This insurance protection will afford coverage from a variety of covered perils, routinely written with an "all-risk" or special covered "cause of loss" coverage form.  It is important to review the limits of protection and loss settlement provisions, to include recognition of the common "co-insurance" policy provision, so an insured does not suffer a financial penalty as a result of not purchasing adequate property limits of Insurance.  Indirect or consequential losses can also be insured, such as the loss of business income and the necessary extra expenses during the period of time that an insured must rebuild during the business interruption.
Commercial Umbrella Insurance
  • Legal Liability insurance protection that layers over underlying general liability, auto liability and employers liability for allegations of bodily injury and/or property damage to a 3rd party as a result of the insured's negligence.  Customarily the minimum legal liability limit that an insured may purchase for a commercial umbrella policy starts at $1,000,000.  Additional limits of liability insurance protection are available from the insurance carrier based upon the needs of the insured and the nature of the insured's business risk exposures.  It is important for an insured to make certain that the underlying limits of liability for the various lines of insurance protection will satisfy the requirements for the commercial umbrella insurance underwriter. If an insured does not satisfy the underlying legal liability limit requirements, the insured might suffer a significant "uninsured loss" as a consequence of inadequate limits.
Professional Liability Insurance
  • Professional Liability Insurance and Errors & Omissions - E&O - Liability Insurance provides insurance protection for allegations of a "wrongful act, error or omission arising out of the insured's operations that results in financial harm to a 3rd party.  Note that this insurance does not afford protection for allegations of negligence that result in bodily injury and/or property damage liability. Professional liability insurance is routinely purchased by engineers, architects, doctors, nurses, other medical professions, attorneys, public accountants, insurance brokers and other business professionals.  
Workers Compensation
  • Workers' compensation insurance in most states is a statutory obligation for all employers.  This type of insurance provides protection for an injured employee, while in the course of employment, for an employee's loss of wages and/or medical expenses resulting from a workplace accident or injury.  An employer must provide this "no-fault" benefit in exchange for the employee's grant of waiving their right to sue their employer due to an employer's negligence or tort.
The types of insurance discussed above are customarily the foundation for a sound plan of business insurance protection.

Please navigate to the other types of business insurance available by clicking on the following button.
(215) 646-0550
550 Norristown Rd
PO Box 506
Spring House, PA 19477​
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