Commercial Lines

In today’s society it is more important than ever for a small business to be properly insured for the unexpected events that can, and do, happen. Fire, flood, injured employee, death of an owner, perceived negligence, wrongful termination lawsuit, employee theft – any one of these can put a small business right out of business. We offer Business Insurance and Surety Bonds to help you minimize risk and protect your investment.

Our commerical lines agents will work closely with you to identify the unique needs of your business to ensure that you and your assets are protected in case of a loss. We represent many reliable insurance companies that offer coverages specific to the needs of small businesses and are proud to offfer superior customer service and support in every phone call, making sure your claims are handled promptly and fair.

             Commercial General Liability          Commercial Auto Insurance 

             Commercial Property Liability        Commercial Inland Marine     

             Workers Compensation                  New York State DBL                      

                                                       Surety Bonds

Commercial General Liability:

Whether you are an individual business owner, have a business partnership or your business is part of a corporation, Commercial General Liability (CGL) would provide financial protection against claims of bodily injury or property damage for which your business may be held responsible.  Also any fees incurred while defending your business against a lawsuit may be covered under CGL.  Depending on the type of business, certain members would be covered under this policy.  To get a better understanding of how your business can best benefit from this type of insurance, contact one of commercial lines agents today. 

Commercial Auto Insurance:

As a business owner you may be wondering whether or not you need to purchase commercial auto insurance, when you already have personal auto insurance.  While it does provide coverage to replace or repair a vehicle damaged in an accident, as well as coverage for another party involved, it won’t apply to a vehicle used for a commercial purpose.  So if your employees are using titled vehicles in their work you need to purchase a commercial auto insurance policy.  If your employees do use their personal vehicles for the business or your business decides to use vehicles it doesn’t own, then you will want to purchase non-owned auto coverage as well.  As with personal auto insurance, commercial auto insurance has several options and exemptions depending on the policy. 

Commercial Property Insurance:

Whether your business is a small business or rapidly growing one, commercial property insurance is essential in protecting your assets from workplace loss.  This protection means coverage to physical property, equipment and supplies from potential loss or hazards.  Since your commercial property insurance rate as well as policy terms may vary depending on the location of your business and the actual size of your property, it is a good idea to give one of our commercial lines agents a call, so they can set up the best policy for your business’s needs. 

Commercial Inland Marine:

If your business requires you to have certain pieces of property that require an element of transit, whether that is equipment for a construction company or cameras for a film studio, having commercial inland marine insurance is a good idea.  Almost every business incurs some sort of loss associated with property that for most of the time is stationary but also requires some sort of transportation and with a commercial inland marine insurance policy these assets can be protected. 

Workers Compensation:

In New York State, business with even just one employee are required to purchase workers compensation insurance to cover medical bills and lost wages in the event that one of your employees suffers from an occupational injury or becomes sick due to the workplace environment.  Having this specific insurance prevents you from having to pay these costs out of your own pocket.    

                              New York State DBL:

New York is one of a few states that mandate that employers provide disability benefits coverage to employees for an off-the-job injury or illness. This applies to any business that has even just one employee who has worked for a covered employer for at least four weeks.  The disability benefits can be paid mutually by the employer and the employee or exclusively by the employer. 

Surety Bonds:

• Liquor
  • In order to secure and retain a valid liquor license, New York State requires all establishments selling alcoholic beverages to have a current Liquor Tax Bond in place.

• Performance
  • If your business deals with contractors, a performance bond will be your guarantee by the insurance company or bank that in the event a contractor fails to fulfill the details specified contract, your money can be recovered in full.    

• ERISA
  • The Employee Retirement Income Security Act (ERISA) was enacted to protect certain types of employee benefit plans, like a 401(k), and their beneficiaries, from dishonesty and fraud committed by the persons responsible for the management of these plans (fiduciary). 

• Fiduciary Liability
  • This bond specifically applies to the owner or executive who makes decisions about your company’s 401(k) plan or other qualified employee benefit plans.  Under ERISA fiduciaries can be held personally liable for losses to a benefit plan sustained as a result of their alleged errors, oversights, or violations of their fiduciary duties.

Protect your investment – Contact The Feltner Group today for a no obligation risk analysis.