Save time, money and get peace of mind with a professional Business Owners, Commercial General Liability, Professional Liability, Contractors General Liability or Workers Compensation Insurance quote from TCS Insurance Brokers.
Is TCS Insurance Brokers the right fit for your business?
What’s the advantage of using a commercial insurance broker?
Our approach to commercial insurance is unique. We simplify the process by asking the right questions upfront and handling the extensive work of finding the perfect program to meet your specific needs. When possible, we negotiate rates and encourage commercial carriers to compete for your contractor business. As your company grows, we provide cost-effective solutions that evolve alongside you.
While it is common in the industry to charge fees for most transactions, we choose a different approach. If we can place your coverage through our direct markets, we will not charge you a fee. For more complex insurance programs that require paper applications and extensive shopping, we may determine that a fee is necessary. However, we will always advise you of this beforehand.
What are coverages and limits I should be looking for in a complete business owner and workers comp policy?
Coverage limits refer to the maximum amount the insurance company is obligated to pay on your behalf for an accident you or your employees are found to be at fault for.
Most Commercial leases require a minimum amount of coverage to indemnify the landlord. Usually a minimum limit of $1,000,000 liability coverage per claim and $2,000,000 aggregate limit.
A Construction Contractor may require higher limits depending on the jobs he or she is taking on. An Umbrella or Excess Liability policy might be needed if limits higher than $1,000,000 per claim.
A Business Owners Policy might provide Business Personal Property to cover damage to your equipment, supplies, inventory and furniture at your place of business. As well as Improvements & Betterments coverage to cover for any upgrades you have performed to the leased premises.
Loss of Income is a coverage that replaces your lost sales or income after a covered loss. You can have this coverage as a Net or Gross payout.
If you have volunteers or employees you are required to provide Workers Compensation coverage to pay for any injuries they might suffer. Most states require a minimum coverage limit of $1,000,000 per claim. However, the coverage limits should for employee injuries can exceed this basic $1,000,000 limit and a quality Umbrella is recommended. Also, Workers Comp. does not cover employee hiring, training and managing risks and that is why a Employers Practices Liability policy should be considered.
General Liability can be considered the slip, trip and fall coverage. While Professional Liability is to pay for injuries caused by advise or equipment provided to the consumer. However, in today’s technology driven society we now recommend that all businesses also carry Cyber Liability to protect against the lawsuits and expenses that arise from client’s compromised data, medical or financial information.
Our help is just a click away. Contact us and get expert help with your general liability, business owners, professional liability, bond or workers compensation insurance.