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, their
property, and their employees. There are business insurance
policies that provide coverage
for Property,
Liability, Vehicles, and Workers'
Compensation:
Property insurance
protects your owned
Buildings or Rented
Premises, Business Property
such as furniture and
computers, and your Products
or Inventory stored within the
business premises.
Liability insurance
provides coverage for damage or
injury to
third parties, including
landlords.
Vehicle insurance, which
always includes Liability
coverage, can also
protect business-owned or hired
vehicles from damage or
theft.
Workers'
Compensation insurance covers
injuries and lost wages to your employees.
Business insurance
is a necessity for any
business, and often is required
by law and/or by your customers. Whatever
your commercial insurance needs,
PENTECO will design a
comprehensive yet affordable
insurance program that's right for you.
Call us to
discuss your business insurance
today,or
simplyclick on
one of the buttons to the right
to request a no-obligation
quote.
PENTECOInsurance provides the
following types of business
insurance protection:
A Commercial Vehicle insurance
policy is necessary when
the vehicle is used for business
purposes. Some criteria
that may require a business vehicle
insurance policy are ownership
or registration by a business
entity, use in hauling
goods for hire, and gross
vehicle weight.
PENTECO provides
competitive business vehicle
insurance from many major
insurance companies.
A Business
Owners Package policy, commonly
called a "BOP" or Package
policy, contains many of
the insurance coverages needed
by most small businesses. While
these policies are not always standard,
there are certain
common elements. The basic BOP
offers Business Property
Insurance for your building and contents, and
Liability insurance protection
for the operation of your
business. This Liability
protection provides coverage for
bodily injury and property
damage sustained by others at
your business premises or as a
result of your products or
completed operations. Some BOP policies will
also offer Business Income and
Extra Expense protection after
an insured loss.
However, BOP policies do
not provide all of the coverages
needed by a small business.
For example, BOP's do not
provide Workers' Compensation,
Professional Liability, or
Commercial Vehicle insurance coverage.
Business
Income &
Extra Expense
Insurance (may be added to a
BOP)
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, Business
Income & Extra Expense 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 protects
your business against the loss
or loss of use of company
property. "Property" can include
a variety of types:
buildings, computers,
furnishings, money, valuable papers,
and lost income or business
interruption.
Most
BOP 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,
a Commercial Umbrella Policy
offers additional layers of
Liability protection
in million-dollar increments and
is
readily available in today's
insurance market for most
businesses.
Contractor's
General Liability insurance is
for residential and commercial
builders, general contractors,
construction managers, design-and-build firms, specialty
contractors or subcontractors,
and owners of public and private
construction projects.
We provide contractor policies
for every type of project:
Property
Builders Risk insurance
and course of construction
Directors and Officers (D&O) 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
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:
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.
If you own a building and use it for the purpose of
leasing retail, warehousing, office or personal space to
others, Lessor's Risk insurance is an essential
financial tool for protecting you against liability. It
can help shield you from lawsuits if a lessee, or a
customer of the lessee, sustains bodily injury or
property damage while on your property.
Lessor's
Risk
insurance protects you, the Landlord, from liability arising
from a lessee's (tenant's) property loss
(located in the building
you own), which includes:
damage and
destruction of property
vandalism
theft
Lessor's Risk Insurance also protects you against
claims for injuries to a lessee and its
employees, as well as customers who visit the
lessee's location during the course of business.
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:
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 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
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.
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.
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.
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.
We provide 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 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.
Today’s
restaurant environment is more
complex than ever and you want
to know you’re covered for the
unexpected occurrence.
