A Commercial Package is a type of business package policy that bundles coverage together for several things including liability, property, boiler and machinery, crime and other optional coverage. The options available create flexibility that allow a Package to be customized for most kinds of business.

Bonds come in several different varieties to fit different needs and situations. In general, bonds are meant to guarantee that one individual or entity will perform according to the specifications of a contract, ordinance or other requirement. Common types are Surety Bonds, Contract Bonds, Judicial and Probate Bonds and License and Permit Bonds.

Builders Risk Insurance is often used with a different term that describes what the insurance does – Course of Construction Insurance. Builders Risk Insurance covers a building, and typically all materials during construction. Protection can be extended for the work of individual contractors, architects and engineers. Optional coverage can often be added for costs not directly related to construction such as marketing, loss of income and delayed completion.

A Business Owners Policy for your business, sometimes called a BOP, provides several important insurance protections for: buildings, personal business property, business interruption, bodily injury liability and property damage liability. These policies are designed especially for small and medium sized businesses, and can be customized to fit the needs of a wide variety of commercial enterprises.

Businesses from self-employed consultants to large organizations with fleets of trucks and specialty vehicles need commercial auto insurance. A commercial auto agent at Purmort Brothers Insurance will analyze your business needs, and identify the best options for insuring your business auto exposures. The right insurance for your vehicles will protect your business when:

• Your business owns or leases vehicles
• Employees drive business owned or borrowed cars or trucks
• You have non-employees in your vehicle for business activities

Commercial General Liability Insurance is an essential business coverage that protects you and your business from claims and lawsuits against you in that might occur in the course of operating your business. Identifying potential business liability risks is something.

The purpose of business property insurance is to get your business up and running again quickly after a fire, theft, or other misfortune. What that could mean is repairing your building or replacing inventory, equipment or other business personal property. If you exercise the business interruption option, commercial property insurance can also replace lost income and pay suppliers while your business is being put back together after a covered loss and claim.

Standard commercial insurance liability limits should be enough to protect your business from most situations where your business is charged with legal liability for injury or property damage. But it won’t cover those catastrophic lawsuits and judgements that are increasing in frequency. Commercial umbrella insurance provides an affordable layer of excess liability insurance for your business above the limits provided by standard business liability policies and could mean the difference between staying in business or becoming a lawsuit casualty in certain situations.

There are several types of Contractors Bonds or Contractors Surety Bonds: Bid Bonds, Performance Bonds, Payment Bonds, License Bonds and Supply Bonds are a few. In general, surety bonds assure a project owner that they can rely on contractor performance, ability to make payments to certain other parties (sub-contractors, e.g.), good faith bid submissions and so on. The issuer of sureties, usually an insurance company subsidiary, investigates the abilities of a contractor and, in the event of a valid claim, will make reimbursement for non-performance according to the terms of the surety.

Contractors have liability insurance needs unique to the building trade. We understand those needs and can find insurance protection to fit the budget of your business.

Cyber Liability Insurance covers a range of loss exposures including damages due to loss or theft of client data, introducing a virus into another businesses’ network, and email transmitted libel. Your business may not be a ‘technology business’, but if you use technology to run your business – like email, networks, and the web, you have Cyber Liability exposures. Risk posed by cyber exposures changes quickly, and traditional insurance policies are not designed to protect your business from this new threat to your financial welfare. Talk to us about ways we can identify and cover your business’ cyber risks.

Directors and Officers Liability Insurance is essential to attracting, retaining top business management talent. Lawsuits against a business and its management for negligent or wrongful acts can be brought by any number of constituents like shareholders, customers or regulatory bodies. D & O Insurance will fill in gaps in primary business liability insurance and will protect the personal assets of the directors and officers.

Employment Practices Liability Insurance (EPLI) provides insurance against liability for, as the name implies, employment practices. Protection, which will vary from policy to policy, covers a broad range of claims or lawsuits that might be brought by current or former employees or employment candidates. Just a few examples include sexual harassment, wrongful termination or discipline, wrongful failure to promote or hire, emotional distress, discrimination and invasion of privacy. Recent growth in employment practice litigation makes review of employment practices and insurance protection a necessity for most businesses today.

Many business are exposed to lawsuits from pollution and environmental impairment from a variety of sources. Your business can be held liable for damage or injury due to pollution from business operations, the cost of clean up, or from the business location(s). There are several types of insurance to protect against these kind of claims.

Errors and Omissions Insurance is basically a type of Professional Liability Insurance. This insurance protection pays for liability claims resulting from damages due to failure to perform some duty for which the insured was trained or even just represented some specific expertise. Architects and insurance agents need Errors and Omissions Insurance as do information technology companies. The kind of Errors and Omissions protection needed vary greatly from business to business so insurance policies are often designed for specific business pursuits.

Farm and ranch insurance can be tailored to protect the part-time gentleman farmer to the full scale agribusiness. Plans can include protection for your personal and business assets and legal liability insurance for both personal and farming pursuits. To get a proposal suited to your individual needs, complete our Farm Quote Request form or use the contact link below. And of course, you can always call or stop by to learn more.

Fiduciary Bonds provide guarantees that certain individuals in positions of trust will carry out duties faithfully and honestly. Fiduciary Bonds are often required by estate administrators, trustees, estate executors, and others. In some specific cases courts or statutory requirements may call for a Fiduciary Bond; in these situations the bond is often referred to as a Probate Bond, sometimes a Judicial Bond, and sometimes a Court Bond.

Landlord’s face special risks that require special insurance protection. A few examples of losses or exposures that are covered in a Landlord Package Policy include: Loss of rent resulting from an insured loss; Buildings with one or several units; Varied residential or commercial occupancies; Legal liability resulting from the activities of tenants; and Uninsured or under-insured repairmen. Even though Landlord Package Insurance is primarily designed to protect you from loss to rental property it can, and should provide adequate insurance limits to protect your other assets from legal liability arising from rental activities.

Performance Bonds are provided by contractors to project owners after a contractor is awarded a bid (Performance Bonds are often preceded by Bid Bonds). The Performance Bond is a guarantee that the contractor will perform according to the project contract’s terms and specifications. The amount of the bond will vary but in many cases it will equal the full contract amount.

You don’t have to manufacture a product to be liable for damages due to injury or loss related to that product. If you are in the business of supplying, selling, or even providing a repair service. There are also ‘products’ that we don’t normally think of as ‘products’, like the food served in a restaurant, that expose a business to product liability claims. Product Liability Insurance covers all kinds of businesses engaged in making, delivering , selling, or supporting almost any kind of product.

If your business or profession requires specialized knowledge, and you provide service or counsel based on that knowledge, then you could be a target for a lawsuit not covered under standard commercial liability insurance.

Professional liability insurance will protect you if you are held liable for financial loss or other damages as a result of negligence or other failure to perform services and also includes coverage for defense costs.

Cities, towns, counties, state and federal government entities face substantial risks that are unique. Fire and police departments, public recreation areas and equipment and road maintenance pose vastly different and challenging risk and insurance issues. We have the expertise and programs to find the right solution.

Today, any group, club, business, association or individual organizing an event is exposed to liability claims brought by spectators, participants, attendees, and contractors. Special Events Insurance is there to protect your business or organization from claims arising from events not covered in you general liability insurance policy. Special Event Insurance is often required by auditoriums, parks and other venues where events are held. Coverage can be tailored to the duration, size, activities, and nature or your individual event.

Workers’ compensation insurance in Ohio works two ways: it protect your employees and it protects your business. If an employee is injured on the job, work comp insurance will pay for medical care, disability – whether permanent or temporary, and death benefits. If you are found to be liable for employee injury or illness, workers’ compensation will protect you and your business. This type of insurance is often mandatory.