|
Business Insurance Services
|
|
 There are many different types of important insurance coverage. It takes an experienced and professional organization such as CJ Campbell Insurance to properly assess which coverage is necessary for your business. Once coverage is determined adequate values for each must be established.
We are very happy to provide you with a free consultation either by phone or in person to determine the needs and costs of an insurance program for your business. As a valued customer you will have access to our team of professionals to answer any and all your questions about coverage, exclusions and liability issues your company may have.
Below is a guideline of some of the important insurance coverage to be considered for any business.
Crime Insurance options for coverage:
- Comprehensive Dishonesty, Disappearance and Destruction
- short called 3D Crime Coverage
- Money and securities (robbery)
- loss of cash or securities
- may be covered for robbery inside premises or outside premises
- Employee Dishonesty
- theft of money, securities or property by an employee
- Money orders and counterfeit paper
- Depositors Forgery
There are several forms of Business Interruption Insurance to consider:
- Profits coverage
- payment starts when a loss occurs causing disruption of the business operations
- continues to pay benefits until business has been financially restored
- will continue to pay after the business is physically restored
- may choose period of indemnity (12 to 24 months)
- Gross earnings coverage
- less broad in scope than profits coverage
- main limitation is that indemnity ends when business is physically restored
- Gross rentals coverage
- covers loss or reduction of rent received
- loss must be as a result of an insured peril rendering the business untenantable
- Extra Expense coverage
- pays additional expenses in order to continue business after a loss
- additional lease space costs, equipment rental fees, advertising, etc
- Actual Loss Sustained coverage
- available for specific businesses only
- does not set limit of funds available when business is interrupted
- will pay the actual income lost when business is closed as a result of an insured peril
There are many types of Property Insurance depending on your business requirements:
- Building Insurance
- Buildings under construction (builder’s risk)
- Premises coverage: office contents, equipment, electronic data processing equipment, valuable papers, accounts receivable
- Off Premises coverage: contractor’s equipment, tools, installation floater, exhibition floater, property in transit, motor truck cargo
There are many forms of liability insurance including:
- Commercial General Liability
- Tenant’s Legal Liability
- Non-Owned Automobile Liability
- Umbrella Liability
- Wrap Up Liability
- Pollution Liability
- Professional Liability (E & O)
- Director’s and Officer’s Liability (D & O)
|
