Information

• Someone slips and falls or gets hurt in your work area and they sue you
• An employee gets hurt on the job and files a claim against you
• Damage is accidentally done to a clients property and they sue you
• A piece of your equipment gets damaged and prevents you from working
• Your van, truck, or car gets in an accident; or is hit by another vehicle while parked (most personal auto policies don’t cover your car for business use)
• One of your employee’s steals something from one of your clients
• Your office, workshop, equipment, or even computer are damaged by a flood, wind storm or other natural disaster (for those who work out of their home, please remember that most home owners policies don’t cover your business items)

The right cleaning insurance coverage will help to protect you and your business against all of the above situations and more, both the expected and the unexpected.

This type flood protection insurance provides coverage against damage done by the rising or overflowing of bodies of water. Our insurance agents in Utah can provide you with additional information.

Why do I need Flood Protection Insurance?

Flash floods are the number 1 weather related killer in the U.S. they can roll boulders, tear out trees, and destroy buildings and bridges. Over 25% of flood insurance claims come from low to moderate risk areas. Flood insurance provides coverage for Buildings and contents up to $500,000 and is underwritten by the Federal government.  Even if you live in a low hazard flood area your property may still be at risk.

There are a number of very important questions you should ask your insurance agent before deciding on the flood insurance policy that is right for you. The first thing your agent will want to know is whether or not your home or business is located in a high-risk area. Your agent may even ask for an “elevation certificate”, a risk rating that helps builders ensure compliance with local floodplain ordinances and helps agents determine what types of policies are needed. Here are a few basic questions you should have in mind when discussing policies with your insurance provider:

• Do I live in a flood zone? If so, how will my location affect the cost and benefits of my policy?
• What will be covered by my new policy and what won’t be covered?
• How much is the cost of the policy fee and premium, and are there hidden expenses or fees I need to know about?
• Do I need coverage for my building only, its contents only, or both?

Don’t wait until the water’s rising to decide that you need Flood Insurance. Because floods are not extremely common natural disasters, many people don’t feel the need to protect themselves with flood insurance. However, even a few inches of standing or moving water can cost thousands of dollars to home or business owners.

This type employment practices liability insurance covers the legal costs to defend claims involving sexual harassment, wrongful termination and discrimination including legal liability for such acts. Most policies provide limits ranging from as low as $25,000 per claim up to $1 million. Policies may cover employees as additional insureds.

Why do I need this insurance?

Employee lawsuits happen every day! If a current, past, or even prospective employee believes that they have been a victim of discrimination, sexual harassment, or a hostile work environment, they have the right to sue the employer for damages. Employment Practices Liability insurance will respond to these suits to both defend and pay legitimate claims including punitive damages if allowed by law.

This type of directors and officers insurance protects management of a corporation against damages from claims resulting from negligent or wrongful acts in the course of their duties. This coverage also covers the corporation (and even the officers and directors in some cases) for expenses incurred in defending lawsuits arising from alleged wrongful acts of officers or directors. Our insurance agents in Utah can provide you with additional information.

Why do I need this insurance?

Directors and Officers coverage defends your business against competitor suits involving unfair trade, anti trust or intellectual property infringement. This coverage will also defend and provide coverage in connection with regulatory actions brought by the federal Trade Commission, Federal Drug Administration or The Internal Revenue Service and other governmental agencies.

This type of errors and omissions insurance provides coverage for mistakes made by professions such as lawyers, architects, engineers, or for mistakes made in a service business, such as insurance, real estate, and others.

Why do I need Errors and Omissions Insurance?

As a business professional, an error or mistake could be made in providing a service, which may result in a financial loss to the customer. Errors and Omissions coverage will defend the claim and pay the loss if necessary. Other types of claims that may be covered include negligent advice, breach of contract and misrepresentation of services. Our insurance agents in Utah can provide you with additional information.

Will Cover:

Negligence

We cover any alleged mistakes in your provision of professional services. This includes failing in your ‘duty of care,’ giving incorrect advice, an omission (leaving something out), or failing to deliver your services.

Defense costs

If you’re sued, even if you haven’t made a mistake, we will appoint an attorney to defend you, even if the lawsuit is groundless.

Services performed in the past

We cover the services you have performed going back to an agreed – upon date – even if that date is before you were insured with current insurance company – for any unknown claims that may be made against you and reported to us during the policy period. This date, the retroactive date, is printed on the Declarations Page of your policy.

Worldwide insurance coverage

We cover claims arising from work done anywhere in the world as long as the claim is filed in the United States, its territories, or Canada.

Employees, temporary staff, and independent contractors

We cover claims arising from services performed by your employees, temporary staff, or independent contractors if those services were performed on behalf of your business.

Claims and damages

We cover claims for damages, including up to $250,000 of punitive damages where allowed by law.

Personal injury

We cover claims of libel and slander as part of your professional services.

Supplemental payments

We will pay for expenses you reasonably incur as a result of attending arbitration proceedings or trials in the Defense of a covered claim. We will pay up to $5,000.

Will not cover:

Bodily injury or property damage

We won’t cover damages or claims expenses if you injure someone or damage someone’s property. Coverage for these types of risks is included in our General Liability or Business Owners Policy.

Employment matters

We won’t cover you for claims alleging improper employment practices, workers’ compensation claims, or any Employer’s liability.

Known claims and circumstances

We won’t cover any known circumstance that could result in a claim or any actual claim originating prior to the start of your first E and O policy.

False advertising

We won’t cover you for false advertising claims.

Personally identifiable information

We won’t cover your failure to protect any personally identifiable information that is in your care.

Other services

We won’t cover any medical, nursing, insurance broker/agent, legal, actuarial, architectural, or engineering services you perform. We also don’t cover any services you perform that are not specified in your policy.

Regulatory claims

We won’t cover any claims that are brought by any governmental body or licensing organization, unless they are one of your clients and they make a claim against you in that capacity.

Your costs and excluded damages

We won’t cover fines, penalties, and taxes that are levied against you. E and O or professional liability also won’t cover the cost of Complying with nonmonetary relief, cost overruns, or reduction of your fees.

Intellectual property

We won’t cover infringement of a copyright, trademark, patent, or theft of a trade secret.

Common claim examples:

Protection even if you haven’t made a mistake – You advise a client to change some internal processes to increase productivity. The recommendations aren’t implemented as you had specified and productivity. Subsequently drops by 15% rather than improving. If your client sues you to recover lost income, we will appoint an attorney to defend you.

 Protection even if you haven’t made a mistake – You manage the development of a new product. There are problems with the project (which are out of your control) and you cannot deliver the final product in a timely manner. If your client sues you, we will appoint an attorney to defend you.

 Negligent acts – You advise a client to update their employment practices. Six months later, your client contacts you, stating a part-time employee is suing the company. You had left out a key requirement on the amount of hours Part-time employees are permitted to work. If your client sues you, we will appoint an attorney to defend you.  Coverage summaries, descriptions, and claims examples are provided for illustrative purposes only and are subject to the applicable policy limits, deductibles, exclusions, terms, and conditions. Not all insurance products and services are available in all states.

What Is a Commercial General Liability Insurance Coverage and Property Package Policy (BOP)?

If you operate a small- to medium-sized, low-risk business, you may be eligible for commercial liability insurance coverage through an affordable property and general liability package policy called a Business Owner’s Policy, or BOP.

A BOP insurance package for small businesses is a single commercial insurance policy that combines property insurance with commercial general liability insurance coverage. For many small but expanding companies, buying a BOP to secure general liability insurance coverage is an affordable way to secure small business commercial liability insurance coverage. Our insurance agents in Utah can provide you with additional information.

Business insurance package policy

A Business Owner’s Policy includes:

• General liability insurance to cover your commercial liability, and
• Property insurance for physical assets, such as contents, that are leased or owned

A BOP insurance package policy might also cover the loss of business income and extra expenses caused by an insured peril.

In general, a business owner’s insurance package policy insures damaged or lost property for its replacement value. That means that in the event of a claim, you’ll receive a large enough settlement to replace the property, without any deduction for depreciation. A BOP’s property insurance also covers other people’s personal property, if you as a business owner are legally liable for damage to it.

General liability insurance

A BOP’s general liability insurance coverage is comparable to a typical commercial general liability insurance coverage (CGL) policy, in that it protects your business against claims of bodily injury or property damage. A BOP’s general liability coverage also provides business liability insurance coverage to pay the cost of:

• A legal defense in a lawsuit arising from an accident that causes bodily injury
• Property damage
• Claims such as libel, slander and false advertising – even if those claims are meritless

General liability insurance does not protect your business in the event that a client accuses you of professional errors or negligence. Those types of claims are normally covered by a professional liability insurance policy.