Business Insurance

Business Insurance

Running a business can be stressful enough. When it comes to properly insuring your business, you don’t want to find it you’re not properly covered when a crisis arises. At Huwel Insurance, we take the time necessary to understand every facet of your business and propose the best coverage available. We’ll identify key areas you may be overlooking as well as ways to save money with a more comprehensive strategy. We proudly represent over a dozen top-rated carriers, allowing our team to find the best price for the coverage you need. This includes several specialty carriers who may cover areas unique to your industry. Our office is conveniently located in O’Bryonville and we’ll gladly meet with you at your location. Our dedicated team has decades of experience in the insurance industry and our client-focused approach sets us apart from everyone else in the Tri-State!

 

Huwel Insurance Specializes in the Following Industries:

Condo & Community Associations

Contractors & Construction

Distributors & Wholesalers

Professional Services

Manufacturers

Social Services & Non-Profits

Retail & Restaurants

Transportation/Trucking

Real Estate

Technology

 

Common Commercial Coverages:

 


Commercial Auto

As a business owner, you need the same kinds of insurance coverage for commercial vehicles that you do for personal use: liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. This include non-commercial vehicles being used for business. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the “principal insured” rather than your name. This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you. Whether you need to buy a business auto insurance policy will depend on the kind of driving you do. Our team will work with you to understand how you use vehicles in your business, who will be driving them and whether employees are likely to be driving their own cars for your business. While the major coverages are the same, a business auto policy differs from a personal auto policy in many technical respects.


General Liability

If you have a personal umbrella liability policy, there’s generally an exclusion for business-related liability. Make sure you have sufficient auto liability coverage. Unfortunately, for every business owner the chances of getting sued continue to increase. General Liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your business is ever sued or held legally responsible for some injury or damage. General Liability pays losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations.

 

Broad Range of General Liability Protection:

• Bodily Injury, including the cost of care, the loss of services, and the restitution for any death that results from injury
• Property Damage coverage for the physical damage to property of others or the loss of use of that property
• Products-Completed Operations provides liability protection (damages and legal expenses up to your policys limit) if an injury ever resulted from something your company made or service your company provided
• Products Liability is a more specialized product liability insurance that protects your company against lawsuits from product-related injury or accidents
• Contractual Liability extends to any liability you may assume by entering into a variety of contracts
• Other coverage includes: Reasonable Use of Force; Borrowed Equipment; Liquor Liability; Non-Owned Vehicles (such as aircraft and watercraft); Fire, Lightning or Explosion Damage; Water Damage Liability Protection; Legal Defense Costs; Medical Payments; Personal Injury; Advertising Injury; and specialized liability protection for specific business types,


Workers Compensation

Workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer. Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. Workers Compensation Insurance is not health insurance. Workers Compensation is designed specifically for injuries sustained on the job. In most states, if you have employees, you are required to carry Workers Compensation coverage. Even in non-mandatory states, it can be a very good idea, particularly if you have many employees, or if they are engaged in hazardous activities.

Do you need workers compensation insurance?

Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken. To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, businesses are required to purchase workers’ compensation insurance. This covers workers injured on the job, whether they’re hurt on the workplace premises or elsewhere, or in auto accidents while on business. Workers compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services.