INSURANCE FOR YOUR BUSINESS
Business enterprises today are too diverse and dynamic to attempt to classify
them here. As a business owner/operator you are constantly challenged with having to manage
your exposure to risk. Of course, some risks can be transferred to an insurer through the
purchase of insurance. The commercial insurance staff of Central Agencies have the depth of
experience and training to understand not only the technical side of insurance, but also the
practical application as to how it should best be applied to your business. The more common
areas of business insurance are listed below, but this is a brief list:
1.Property
Probably the type of insurance which most insurance buyers think about first. Business
property varies greatly with the type of business, and can include:
- Stock
- Equipment and Tenant's Improvements
- Property in Transit
- Computer Equipment
- Property of others in your care, custody or control
2.Income Protection
An essential component of your insurance protection strategy should be the coverage against
loss or interruption of business income. This coverage ensures that your income stream will
carry on even though your business may not be able to function due to the happening of an
insured peril. Lack of this insurance (or adequate limits) is one of the leading reasons
businesses fail to recover after an otherwise insured loss.
3.Liability
The escalating frequency of litigation, combined with the associated costs and of course what
appears to be no upper limit to the size of legal liability settlements underscore the
absolute necessity for this coverage. Whether your business is to retail, wholesale, import,
export, transport, manufacture, warehouse, consult, design, build, repair, or demolish, or
anything in between, the commercial insurance group at Central Agencies can offer solutions
for you. We understand business as well as the business of insurance.
Included in the classes of liability we can help you with are:
- Advertising
- Aviation
- Clibs and Community Associations
- Contractors
- Computer Consultants
- Cyber Liability
- Demolition
- Directors & Officers' Liability
- Employment Practices
- Errors & Omissions
- General Liability
- Hard to Place Liability Risks
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- Intellectual Property
- Libel and Slander
- Marine
- Outfitters and Guides
- Personal Injury
- Productions for sale in the US or worldwide
- Product Recall
- Short Term Events
- Special Events
- Tenants Legal
- Umbrella and Excess
- Warehousemans Legal
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Contact us
to discuss your liability requirements.
4.Cargo Insurance
Due to our experience in dealing with distributors, manufacturers and importer/exporters, we
have arranged access to several excellent cargo insurance providers and can provide you with
fast and competitively priced cargo programmes to suit your business.
Classes of Cargo Insurance we can help you with include:
- Air
- Rail
- Marine
- Motor Truck
Contact us
to see how we can put our experience to work for you.
5.Mechanical Breakdown
Your business may not only be vulnerable to financial loss from fire, or earthquake, but also
from the breakdown of key components in your production process. Computers, ovens, conveyors,
air cooling systems, and printing systems are just a few examples of where a business may be
at risk for breakdown insurance. Downtime from a mechanical breakdown need not be an uninsured
event.
Home Based Business?
Do you operate a business out of your residence? Our home based business programme provides
for business property coverage such as equipment, computers, and stock for sale together with
a limited liability coverage which is priced below a full commercial insurance policy,
recognizing that the reason you are working out of your home is to save money in the first
place!
Contact us
to find out more.
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