Commercial Insurance

AUTO - COMMERCIAL

A commercial automobile insurance policy is required under most circumstances when the vehicle is used for business purposes and meets specific other requirements. It is not just the registration that determines the condition for a business automobile insurance policy. Other requirements are ownership by a corporation, use in hauling goods for hire, and the vehicle's gross vehicle weight. 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. Quality commercial automobile insurance is subject to price competition between insurance companies.

BOP (BUSINESS OWNERS PACKAGE)

Business Owners Package Policy, commonly referred to as a "BOP," contains much of the insurance coverage most small businesses need. Although these policies are not standard, there are considerable variations from insurance companies to insurance companies; there are some common elements. The basic BOP provides business property for building and content and protecting liability insurance for your business operation. In general, this liability protection will include your business's function at its established location and the liability of either your products or completed transactions.

Some, but not all of the policies, after an insured loss, will also provide business income and extra expense protection. The BOP policies do not contain all the coverage of small business needs. Notably, they do not offer insurance for any employees, professional responsibility, or business vehicle maintenance.

BUSINESS INTERRUPTION

If your business is facing a loss of property, it may cause the company to slow down or close while repairs are underway. It may mean a total or partial loss of revenue, depending on the timeframe and the damage. As soon as the failure occurs, the insurance will cover the lost profits before the business runs again. While also providing a source of money to fund ongoing expenditures that you need, such as rent, payroll, taxes, etc.

COMMERCIAL UMBRELLA

Most package policies provide a limit of $1 million in liability insurance for any loss and $2 million in any one year. That limit is inadequate for real economic security for many businesses. As a result, additional security layers are readily available in million-dollar amounts in today's insurance market for most companies.

COMMERCIAL PROPERTY

Commercial Property protects your business from loss or loss of company property utilization. "Property" can encompass various types: lost income or interruption of business, buildings, computers, money, and valuable papers.

CONTRACTOR'S GENERAL LIABILITY

Contractor’s General Liability Insurance; for developers, residential and commercial architects, general contractors, building managers, design and building companies, specialist contractors or subcontractors, owners of public and private building 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

DIRECTORS & OFFICERS LIABILITY

Directors and Officers Liability Insurance provides financial protection to your company’s directors and officers if they become prosecuted with performing their duties concerning the company.

Directors and Officers Insurance; often confused with Errors & Omissions Liability. The two are not synonymous; Errors & Omissions concern errors in performance and neglect of products and services, not production and management duties. It is acceptable for both Directors and Officers to carry Liability Insurance and Errors and Omissions Liability Insurance.

EMPLOYMENT PRACTICES LIABILITY (EPLI)

Employment Practices Liability Insurance, better known as EPLI, helps protect you against your employees' lawsuits arising from your business's general actions.


  • Discrimination

  • Wrongful Discharge

  • Sexual Harassment

  • Hostile Working Environment

  • Wrongful Termination

  • Lack of Advancement

GENERAL LIABILITY

Usually, companies or general contractors cannot operate without general insurance. General Liability Insurance’s intended purpose is to protect employees and owners of businesses against lawsuits that may come from a wide range of sources. Such liabilities could be almost anything, from responsibility incurred by accidents involving the insured party’s service, statutory liability, products manufactured by the insured party, etc.

For the risk cap that you choose, the determining factor is the general liability plan’s expense. Included in the rates is the work done, gross receipts, and overall labor costs. It is best to compare the quotes available on the market when purchasing general liability insurance.

It is the business owner’s job or general contractor to ensure that an insurance policy covers the persons working under him/her. If, for instance, a person who is not a part of the project gets injured, the injured person’s lawyer may target just about anyone involved in the project. With more people active, the chances of a successful case are rising.

HOTEL & MOTEL HOSPITALITY INSURANCE

Operating a hotel in today’s competitive environment represents a significant challenge. It can be difficult and time-consuming to get the right business insurance at a reasonable price.

Hotel insurance provides cover to hotel owners and managers for consumer security. Insurance for the hotel includes motels, resorts, spas, ranches, and more. Learn more about the hotel and casino insurance coverage included in the plan.

Hotel insurance covers a variety of services unique to a hotel manager or owner’s needs.

Flood, earthquake, storm, crime, builder’s risk, disruption of operation, boiler and machinery, flood cleaning, and maintenance costs are available and included in the motel insurance policy’s property portion.

General liability, company vehicle, excess liability, liquor liability, and umbrella coverage include the insurance policy’s casualty portion for ranches and protect respected clients.

Worker’s compensation provides insurance protection for employees in case of injury on the job.

INVESTMENT PROPERTY

If you own an investment property, make sure you carry adequate insurance coverage. Accidents can occur and ultimately cause harm to your investment property. If you do not have the right policy, you will be liable for the insurance’s full financial burden.

Owning an investment property brings with it a great deal of responsibility. Besides the building itself, you may be responsible for other people’s injuries while they are on your property. You could also be liable for damage to their belongings.

LIQUOR LIABILITY

Liquor Liability Insurance intends to provide insurance liability protection for those companies that manufacture, distribute, or sell liquor. You need Liquor Liability Insurance if you sell alcohol and your business is a:


  • Bar

  • Tavern

  • Nightclub

  • Fraternal Club

  • Convenience Store

  • Liquor Store

  • Restaurant

PRODUCT LIABILITY

Product liability insurance protects you if the product you produce or provide causes damage to the consumer or the consumer’s property. “Product” is anything physically used, handled, or consumed. The recommendation is to get this insurance for every company that manufactures a product. However, it is crucial for companies that produce food, clothing, toys, or anything else that could harm someone.

Most policies of business owners include limited coverage of product liability. Suppose that you do not have this coverage through a business owner’s policy. Your product is at risk of harming others. You may need to purchase product liability separately. Similarly, suppose your product presents a higher risk of injury (for example, it contains hazardous materials). In that case, you may need to purchase additional coverage.

PROPERTY LIABILITY

The general or public liability policy protects claims of liability made by third parties. The system provides defense protection, even if the allegations are unfounded. Also, the policy will pay any judgment up to the coverage policy limit.

RESTAURANTS

Today's restaurant environment is more complicated than ever; if an unexpected occurrence happens, you'll want to know you're covered.

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 not limited to:


  • Fine Dining

  • Casual Dining

  • Fast Food

  • Ethnic Cuisine

  • Delicatessen

  • Coffee Shop

  • Micro Brewery

PROFESSIONAL LIABILITY (ERRORS & OMISSIONS)

Professional Liability Insurance, sometimes referred to as Errors and Omissions. Suppose a client claims they have suffered financial losses because of an error or omission committed by you in providing your professional services. In that case, this insurance protects you and your business. Professional liability coverage is separate from the General Liability (GL) policy, which would cover you mainly for bodily injury or damage to property.

SPECIAL EVENT

Special Event Insurance; make sure you are ready for unexpected events. Whether you plan a corporate event, hold a large-scale rock concert, or organize a local flower festival. Events can ruin the success you and your company will have when the big day arrives without insurance.

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

Most businesses are unaware that their current business and insurance plans are most likely not to cover all technology-related risks. Our technology insurance portfolio provides coverage options designed to suit the unique needs of your client.

In today's technology-driven environment, businesses often face a variety of various exposures. Defective software, inadequate guidance, misconfigured firewalls, or insufficient anti-virus software, hardware failure-companies are always at risk. Claims are multiplying, leaving companies liable for expensive lawsuits.

WHOLESALERS & DISTRIBUTORS

ARA Risk Management, Inc. offers a wide range of coverages that are cost-effective and customized to your business requirements when marketed or distributed. Get content specifically designed for today's wholesalers and distributors.

Our wholesalers and distributors' programs include detailed risk assessment and loss control expertise to reduce everyone's insurance costs from the small supplier to the large distributor.

WORKERS' COMPENSATION

To protect employers against lawsuits arising from injuries to workers. It protects your business from prosecution and provides employees with compensation for on-the-job injuries.

Law requires most employers to cover lost wages and medical bills incurred due to on-the-job accidents or illnesses. For many companies, this coverage is the largest part of their insurance costs.