Business
Insurance
As a
business owner, you have enough
on your mind without having to
worry about your insurance
needs. You want to have the
confidence that the business
you've built is covered by a
company that understands your
needs. PENTECO
provides professional
service with personal attention
to your business insurance
requirements.
Business insurance provides
wide-ranging protection for
businesses and their
property. There are various
types of business insurance
policies that provide coverage
for Property,
Liability, Vehicles and Workers'
Compensation. Property insurance covers
damage to business property and
products stored within the
business premises; Liability insurance
provides coverage for damage to
third parties; and Workers'
Compensation insurance covers
injuries to employees.
Business insurance
is an important requirement for any
business. Whatever
your commercial insurance needs,
PENTECO can design a
insurance program that's right for you.
Call PENTECO to
discuss your business insurance
TODAY!
PENTECO
Insurance provides the
following types of business
insurance protection:
Auto -
Commercial
A commercial automobile
insurance policy is required
under most circumstances when
the vehicle is used for business
purposes and meets certain other
requirements. It is not just the
registration that determines the
requirement for a business
automobile insurance policy.
Other requirements are ownership
by a corporation, use in hauling
goods for hire, and gross
vehicle weight of the vehicle.
Some small trucks can be owned
and insured under a personal
automobile insurance policy
under specific circumstances.
Commercial automobile insurance
policies are not regulated in
pricing, as are private
passenger policies. There is
price competition between
insurance companies for good
commercial automobile insurance.
Commercial Auto Insurance Quote
Business
Owners Package (BOP)
 Business
Owners Package policy, commonly
called a "BOP," contains many of
the insurance coverages needed
by most small businesses. While
these policies are not standard,
there is great variation from
insurance company to insurance
company; there are certain
common elements. The basic BOP
offers business property for
both building and contents, and
liability insurance protection
for the operation of your
business. This liability
protection will generally
include both the operation of
your business, at its
established location, and the
liability from your products or
completed operations.
Some, but
not all of the policies, will
also offer business income and
extra expense protection after
an insured loss. BOP policies do
not contain all of the coverages
needed by a small business.
Notably they do not cover any
workers' compensation,
professional liability, or
business vehicle coverage.
Business Owners Package
Insurance Quote
Business
Interruption
If your
business suffers a property loss
it could cause the business to
slow or close down while repairs
are made. This may mean a
complete or partial revenue loss
depending on the time frame and
the damage. From the time the
loss occurs until your business
is running again, insurance can
replace your lost profits, and
provide a source of money to pay
your necessary continuing
expenses, like rent, payroll,
taxes, etc.
Commercial
Property
Commercial Property protects
your business against the loss
or loss of use of company
property. "Property" can include
a variety of types: lost income
or business interruption,
buildings, computers, money, and
valuable papers.
Commercial Property Insurance
Quote
Commercial
Umbrella
Most
package policies provide a
liability insurance limit of $1
million for any one loss and $2
million in any one year. For
many businesses, this limit is
inadequate for real economic
security. As a result,
additional layers of protection
in million-dollar increments are
readily available in today's
insurance market for most
businesses.
Contractor's
General Liability
 Contractor's
General Liability insurance is
for residential and commercial
builders, general contractors,
construction managers, design
and build firms, specialty
contractors or subcontractors,
owners or public and private
construction projects.
We offer contractor policies
for every type of project:
- Property
- Builders risk insurance
and course of construction
- Liability insurance
- General liability
insurance
- Contractor insurance
- Commercial auto
- Umbrella
- Workers' compensation
- Railroad protective
- Equipment insurance
-
Contractor bond
Contractors General Liability
Insurance Quote
Directors & Officers Liability
Directors and Officers Liability
Insurance provides financial
protection for the directors and
officers of your company in the
event they are sued in
conjunction with the performance
of their duties as they relate
to the company. Think of
Directors and Officers Insurance
as a management Errors and
Omissions policy.
Directors and Officers Insurance
is often confused with Errors &
Omissions Liability. The two are
not synonymous; Errors &
Omissions is concerned with
performance failures and
negligence with respect to your
products and services, not the
performance and duties of
management. Generally it is a
good idea to carry both
Directors and Officers Liability
Insurance and Errors and
Omissions Liability Insurance.
Employment
Practices Liability (EPLI)
Employment Practices Liability
Insurance otherwise known as
EPLI is insurance that helps
protect you against claims from
your employees that result from
the general conduct of your
business. Common examples of
employee related claims include
claims relating to:
- Discrimination
- Wrongful Discharge
- Sexual Harassment
- Hostile Working
Environment
- Wrongful Termination
-
Lack of Advancement
General
Liability
 Normally,
it is difficult for businesses
or general contractors to work
without general insurance.
General liability insurance is
intended to guard operators and
owners of companies from claims
that may come from a broad
spectrum of sources. These
exposures could be just about
anything, including liability
engendered by accidents from the
operations of the insured party,
contractual liability, products
manufactured by the insured
party, etc.
The liability you select,
whether it is one, two, or three
million dollars, determines the
cost of general liability
insurance. Also factored into
the rates are the kind of work
undertaken, gross receipts and
total payroll expenses. Similar
to auto insurance, when it comes
to general liability insurance,
you will first have to make a
down payment and then follow it
up with installments. Before
buying general liability
insurance, it is best to compare
the quotes available in the
market.
It is the business owner's or
general contractor’s job to make
sure that the people working
under him/her are covered by an
insurance policy. If for
example, a person who is not a
part of the project gets
injured, the injured person’s
lawyer can target just about
anyone involved in the project.
The more individuals that are
involved, the greater the
chances of a successful lawsuit.
General Liability Insurance
Quote
Investment
Property
If you
own an investment property, you
should make sure that you carry
adequate insurance coverage.
Accidents may occur and
ultimately cause damage to your
investment property. If you do
not have the necessary
insurance, you will be
responsible for the full
financial cost.
Owning an investment property
brings with it a large degree of
liability. In addition to the
building itself, you may be
responsible for injuries
received by others while they
are on your property. You could
also be held responsible for
damage to their belongings.
Kidnap &
Ransom
As your
company expands globally, so do
your exposures. Companies with
international operations and
executives or staff who travel
internationally may be targets
for kidnappers and
extortionists.
While no one can predict
where or when a kidnapper or
extortionist might strike, there
are steps that you can take to
protect your executives and
families and prepare for a
possible threat. A Kidnap &
Ransom policy should be an
integral part of your risk
management program.
The Kidnap & Ransom policy
will provide coverage for the
following:
- Ransom and extortion
payments as a result of a
kidnapping or extortion
threat.
- Loss of the ransom or
extortion payment while
being delivered.
- Expense coverage as a
result of a ransom or
extortion demand which
includes fees and expenses
of independent negotiators,
and travel and accommodation
expenses.
- Legal liability coverage
protection in the event it
is alleged the insured was
negligent in a hostage
retrieval.
-
Political threat coverage
for expenses when a person
is wrongfully detained by
anyone acting for a
government or with the
government's approval.
Liquor
Liability
Liquor
Liability Insurance is designed
to provide liability insurance
protection for those businesses
who manufacture, distribute, or
sell liquor. You need liquor
liability insurance if you sell
liquor and your business is a:
- Bar
- Tavern
- Nightclub
- Fraternal Club
- Convenience Store
- Liquor Store
-
Restaurant
Medical
Malpractice
In
today’s challenging healthcare
marketplace, we can help guide
you to better results and a
higher set of expectations with
our value added services. We
understand your struggle to
deliver quality health care and
avoid medical malpractice
claims. Working in partnership
with your practice, we will
address affordability issues
regarding medical malpractice
insurance, while improving
safety and quality.
Product Liability
Product
liability insurance protects you
in case a product you produce or
provide causes harm to a user or
a user's property. A "product"
is anything that is tangibly
used, touched, or consumed. This
type of insurance is recommended
for every business that
manufactures a product, but is
especially important for
companies that produce food,
clothing, toys or anything else
that could conceivably cause
harm to someone.
Most business owners policies
include limited product
liability coverage. If, for some
reason, you do not have this
coverage through a business
owner's policy and your product
runs the risk of inflicting harm
on other people, you may need to
buy product liability
separately. Similarly, if your
product presents a higher risk
of injury (for example, it
contains a hazardous material),
you may need to purchase
additional coverage.
Professional
Liability (Errors & Omissions)
Professional liability
insurance, also sometimes
referred to as Errors and
Omissions, is insurance to
protect you and your company in
the event a client alleges they
have suffered a financial loss
as a result of an error or an
omission committed by you in the
delivery of your professional
services. Professional liability
coverage is separate from a
General Liability (GL) policy
which would cover you mainly for
bodily injury or property damage
liability.
Professional Liability Insurance
Quote
Property
Liability
The
general or public liability
policy provides protection for
claims of liability that are
made by third parties. The
policy provides defense
protection even if the
allegations are groundless. In
addition the policy will pay any
judgment up to the policy limit
of coverage.
Restaurant
 Today’s
restaurant environment is more
complex than ever and you want
to know you’re covered for the
unexpected occurrence.
Whether you run a small cafe
or a national chain, you could
be held liable for anything from
contaminated or spoiled food to
spilled coffee. That’s why you
deserve an insurance company
with commercial restaurant
insurance coverage specifically
designed for the risks you face.
Eligible classes include, but
are not limited to:
- Fine Dining
- Casual Dining
- Fast Food
- Ethnic Cuisine
- Delicatessen
- Coffee Shop
-
Micro Brewery
Special Event
Whether
you are planning a corporate
event, holding a large rock
concert, or organizing a local
flower festival, you will need
special event insurance to
ensure that you are covered for
unexpected occurrences that may
spoil the success you and your
company may receive when the big
day arrives.
Surety Bonds
We work
with many of the country's
top-rated surety companies to
secure:
- Contract Payment and
Performance Bonds
- Fidelity Bonds on
Employees
- Code Compliance Bonds
- Judicial and Court
Bonds, including estate
guardianship and repletion
bonds
-
Professional Service Bonds
Technology Insurance
Many
companies are unaware that their
current business and insurance
policies most likely do not
cover them for all of their
technology-related risks. Our
technology insurance portfolio
offers coverage options tailored
to fit your company's unique
needs.
In
today's technology-driven world,
companies face a number of
dynamic exposures. Whether it is
faulty software, inappropriate
advice, mis-configured firewalls
or inadequate anti-virus
software, hardware failure -
companies are increasingly at
risk. Claims are growing
rapidly, leaving companies
liable for expensive lawsuits.
Wholesalers &
Distributors
PENTECO
Insurance Agency offers a broad
range of coverages that are
cost-effective and perfectly
tailored for your business
requirements if wholesaling or
distributing. Get coverage
specifically designed for
today's wholesalers and
distributors.
Our programs for wholesalers and
distributors include exacting
risk assessment and loss control
expertise that can help reduce
insurance costs for everyone
from the small supplier to the
large distributor.
Workers'
Compensation
 Workers'
compensation insurance protects
employers from claims resulting
from injuries to employees. It
protects your business from
lawsuits and provides employees
with compensation for on-the-job
injuries.
By law, most employers are
required to provide coverage for
lost wages and medical bills
incurred as a result of
on-the-job accidents or
illnesses. For many businesses,
this coverage is the largest
part of its insurance expense.
Workers' Compensation Insurance
Quote
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