Insurance Coverages for Your Business
Businessowners Policy (BOP)
Businessowners product is easy, affordable and secure. And, it combines
property, liability and business interruption coverages for small to medium-sized businesses in one convenient policy.
Business Income and Extra Expense
If your business must close because of physical damage from a covered cause of loss such as a fire, this type of insurance coverage can help reimburse you for profits you lose and expenses you must continue to pay during the time that your business is interrupted.
This type of insurance policy provides coverage for the cars, trucks or other licensed vehicles owned or leased by your business if they are damaged or destroyed by a covered cause of loss. This type of insurance coverage can also provide liability coverage for damage or injuries caused by your vehicles.
Crime/Fidelity Insurance Coverage
No one likes to think it can happen to them, but the assets of your business –from money to merchandise and equipment – can be vulnerable to robbery, burglary, forgery or embezzlement. You can help protect your business from these types of losses with Fidelity coverage.
If not dealt with promptly, a crisis can affect a business’s reputation and bottom line. Crisis Response Coverage provides reimbursement for services, such as crisis management, crisis public relations and group counseling, following incidents like a violent act by an employee or visitor at your place of business.
Data Compromise Coverage
If you discover that clients’ or employees’ personally identifying information has been lost, stolen or inadvertently published, you can have the peace of mind knowing that you will be reimbursed for certain security breach related expenses and your affected clients will be provided with services to help protect their credit and identities.
Electronic Information Systems (EIS)
Provides broad and flexible protection for computerized equipment and media leased or owned by a variety of entities, from offices to municipalities to manufacturers. EIS insures exposures of small, low-value computers used in office environments to large, high-value computers housed in specially designed computer rooms. Errors and Omissions If you have a professional service, manufacturing, technology or contractors business, having errors and omissions insurance coverage can be an integral part of protecting it. Claims of negligence or failure to perform are things that any business can be sued for, even if it hasn't made an error.
We offer you and your business the peace of mind of having coverage that can help protect your business specifically for flood damage, with a policy that is more affordable than you may think.
General Liability Coverage
Accidents happen…and people can be injured or their property damaged at your business location and/or as a result of your business operations. General Liability insurance can help protect you if you are legally obligated to pay for those injuries or damages.
Identity Recovery (IDR)
Provides reimbursement for a suite of services for business owners and partners and executive directors of not-for-profit organizations who are victims of identity theft. IDR will help restore the victim’s personal credit history and identity records.
Inland Marine insurance can help cover a wide variety of property, such as goods in transit (both owned and property of others), buildings under construction (e.g., Builders Risk), equipment and tools that move from one job location to another, fine arts, computers and electronic information systems.
In today’s regulatory and economic environment, private companies and not-for-profit organizations are exposed to a variety of frequent and severe litigation. Selective’s Management Liability insurance product provides directors & officers, employment liability and fiduciary protection against many of these claims.
Product Recall Expense
In the event you have to recall a product you’ve manufactured, this insurance coverage will help you recoup the costs of the recall, as well as the money you spend to recover lost profits and replace your product.
Property Insurance Coverage
If your property – from a building you own to the contents of your business – is damaged or destroyed by a covered cause of loss, Property insurance can help pay for your losses.
A contract surety bond guarantees the performance of a specific obligation – from completion of a project by a contractor to guaranteeing the payment for labor and/or materials in accordance with the terms of the contract. Commercial surety bonds are required to meet hundreds of commercial obligations and include license and permit bonds, public official bonds and fiduciary and court bonds.
Umbrella Liability Coverage
Sometimes you want an extra “layer” of liability protection. An Umbrella policy from Selective can provide just that – additional liability limits above those provided by your other Selective liability policies.
This coverage can help cover the costs of medical care, rehabilitation, disability payments and death benefits for employees who are injured on the job