OTHER COMMERCIAL LINES

Gables Assurance Group also offers an array of other commercial products:

 

Commercial Insurance

Business insurance protects you and your business with coverage for claims related to allegations of negligent activities or failure to use reasonable care. When you buy insurance from us, you get exclusive access to the years of experience and expertise we have accumulated in the business insurance industry. You need business insurance specifically designed to address the risks associated with your type of business.

Directors & Officers

Coverage when a director or officer of a company commits a negligent act or omission, or misstatement or misleading statement, and a successful libel suit is brought against the company as a result. Usually a large deductible is required. The policy provides coverage for directors’ and officers’ liability exposure if they are sued as individuals. Coverage is also provided for the costs of defense such as legal fees and other court costs.

General Liability Insurance Coverage

We work with leading carriers to provide Commercial General Liability insurance and Workers Compensation insurance for your company. Check out our general liability insurance and property package policy that provides small business liability insurance as well as protection for your company’s computers and other assets.

Professional Liability Insurance / E & O

Professional Liability insurance provides protection against claims that the policyholder becomes legally obligated to pay as a result of an error or omission in his professional work. Also known as Errors and Omissions insurance, this type of professional liability insurance is critical to your business. E&O insurance responds to claims of professional liability in the delivery of your technical services. Allow us to customize an errors and omissions insurance policy for you that is both affordable and effective.

Commercial Automobile/ Mobile Equipment

You can get quality commercial insurance services here. We have partnered with industry leaders to help you find the best rate for commercial auto insurance. Business auto insurance allows you to move your business forward. Whether you use vehicles to provide mobility for your employees, equipment or products, you cannot operate without comprehensive company car insurance. We understand that road conditions, weather and other drivers are out of your control. For example:

  • A sudden traffic shift causes you to lose control of your vehicle
  • Hail or vandalism damages your car
  • An uninsured driver hits your vehicle

Get commercial auto insurance coverage that fits your business.

That’s why it’s important to have business auto insurance to protect the vehicles you use for your business. Contact an agent today and get a free customizable commercial auto insurance quote that can include:

  • Auto liability
  • Medical payments
  • Comprehensive coverage
  • Collision coverage
  • Uninsured and underinsured motorists coverage
  • Coverage for autos you borrow or rent
  • Coverage for employees using their cars for the business

Products Liability

Product liability insurance protects the business from claims related to the manufacture or sale of products, food, medicines or other goods to the public. It covers the manufacturer’s or seller’s liability for losses or injuries to a buyer, user or bystander caused by a defect or malfunction of the product, and, in some instances, a defective design or a failure to warn. When it is part of a commercial general liability policy, the coverage is sometimes called products-completed operations insurance.

To understand the need for this coverage it is critical to understand the potential liability.  Royal Palm Agency has in depth knowledge regarding the potential for products liability claims.  We understand what you need and are here to guide you through protecting your company should any of these claims arise.

Workers’ Compensation Insurance

Workers’ compensation insurance, sometimes called workman’s compensation insurance, workers’ liability insurance or workers’ comp insurance, covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Who needs Workers’ Compensation coverage?

  • If you are in an industry, other than construction, and have four (4) or more employees, full-time or part-time, you are required to carry workers’ compensation coverage (an exempted corporate officer does not count as an employee).
  • If you are in the construction industry, and have one (1) or more employees (including yourself), you are required to carry workers’ compensation coverage (an exempted corporate officer or member of a limited liability company does not count as an employee).
  • If you are a state or local government, you are required to carry workers’ compensation coverage.
  • If you are a farmer, and have more than five (5) regular employees and/or twelve (12) or more other workers for seasonal agricultural labor lasting thirty (30) days or more, you are required to carry workers’ compensation coverage.

How does workers’ compensation insurance protect your business?

Most states require companies to purchase workers’ compensation insurance for their employees. A few states have “pools” of insurance that is available for you to purchase, but in most states, companies must find private workers’ compensation policies.

Because workers’ comp insurance is mandated by law, small-business owners often think that it is just one more overhead expense that provides little benefit. But good workers’ compensation insurance is actually an affordable benefit that protects both you and your employees.

Following are the optional parts of workers’ comp insurance policies that have an impact on the cost and value of the coverage for you and your employees:

  • In the employers’ liability section, or “part two” coverage, your legal expenses would be covered if an employee makes an inappropriate claim of work-related illnesses or injuries. While this section is almost always included in workman’s compensation insurance, you can choose the amount of liability coverage in this section.
  • Coverage for employees who are injured in states outside those where your business normally operates.
  • Coverage for various types of injuries and illnesses. The mandated part of this section depends on the state where your business is located, but you should be aware of what is and is not covered.
  • Coverage for funeral expenses and financial support to dependents.
  • Reimbursement percentages for lost wages.

The cost of workers’ comp insurance can vary widely depending on these options, so if you are comparing premium costs, you need to be aware of these variables.

Commercial Umbrella Liability Insurance

Umbrella liability insurance for small businesses, also known as excess liability insurance or commercial umbrella insurance, provides additional protection when your business exceeds insurance limits on an underlying policy.

How does umbrella liability insurance protect your business?

For a single premium, umbrella liability or excess liability policies add another layer of protection to any of several other policies that you might hold, including general liability, employer’s liability, and hired and non-owned auto liability policies. For instance, if you have $1 million in general liability coverage and a covered claim is settled for $1.5 million, your small business’s umbrella liability insurance policy would pick up the additional amount.

Excess liability insurance is generally the most affordable way to get higher policy limits on several other small business insurance policies. However, you should note that umbrella liability insurance does not extend the coverage limits on an errors and omissions or professional liability policy.