Commercial Overview

Workers Compensation Insurance pays for medical care and physical rehabilitation of injured workers and helps to replace lost wages while they are unable to work. It may also provide benefits for dependents of those workers who are killed because of work-related accidents or illnesses.

In today's society, even small mishaps can result in severe lawsuits. That's why general liability insurance, along with property and worker's compensation insurance, are essential for most companies. Liability insurance protects the assets of a business if it becomes involved in a lawsuit. Other coverage for premises and operational liability, medical payments and contractual liability are also included. General liability insurance can be purchased separately or as part of a business owner's policy.

Business Owners Policy (BOP) combines all different coverages into one policy to protect your small to medium-size business assets.

Commercial Property insurance pays for losses and damages to real or personal property. For example, a property insurance policy would cover fire damage to your office space.

Builder's risk insurance covers buildings while they are being constructed. For example, a Builder's risk policy would cover losses if a windstorm takes down your partially constructed condominium complex.

Cyber liability insurance is specifically designed to address the risks inherent with using modern technology; risks that other types of business liability coverage simply will not cover. Risks such as, data breaches, intellectual property rights, damages to a third-party system, system failure, cyber extortion and business interruption. The level of coverage your business needs is based on your individual operations and can vary depending on your range of exposure for your business type.

Commercial leases often require tenants to carry a certain amount of insurance. A renter's commercial policy covers damages to improvements you make to your rental space and damages to the building caused by the negligence of your employees.

Business interruption insurance covers lost income and expenses resulting from property damage or loss. For example, if a fire forces you to close your doors for two months, this insurance would reimburse you for taxes, rents, salaries, and net profits that would have been earned during the two-month period.

Errors and Omissions (E&O) insurance covers inadvertent mistakes or failures that cause injury to a third-party. The act must actually be an inadvertent error, and not merely poor judgment or intentional acts. For example, an E&O policy would cover damages arising from an accountant failing to file the appropriate tax documents, or a notary filling out notarizations improperly.

This type of insurance (D&0) is generally purchased by Corporations and Nonprofit Organizations to cover the costs of lawsuits against Directors and Officers.

Professional liability or Malpractice insurance pays for losses resulting from injuries to third-parties when a professional's conduct falls below the profession's standard of care. For example, if a doctor makes a mistake that other doctors of his specialty would not have made, his patient might sue him. A malpractice policy will pay his defense costs and any judgment or settlement. Malpractice insurance is available for doctors, dentists, accountants, real estate agents, architects, and other professionals.

A Commercial Umbrella policy protects you against a loss due to catastrophic lawsuits by providing business liability coverage above and beyond your basic standard liability policy. Your business can be covered for $1,000,000 up to $10,000,000 or even more in special cases.

Neshobe Falls Insurance offers a variety of à la carte farm insurance policies that are perfect for your small to large farms. Since no two farms are identical, it’s important that you have ultimate flexibility when it comes to your policy. We offer several levels of farmers insurance to accommodate everyone’s unique demands and budgets.

Surety bonding has much more in common with commercial lending than it does with insurance. Unlike insurance coverage and fidelity bonding, surety bonding is essentially a three-party obligation. It consists of Obligee, Principal or Obligator, Surety, Note: A.I.A. construction bonds use the term Contractor in place of Obligor or Principal.

An employee benefits plan can be customized to fit the needs of your business and your budget. We can develop a comprehensive program that offers the coverage you need to stay competitive and attract the best employees.

Special Event insurance is designed to protect against those unexpected incidents. At Neshobe Falls Insurance, we can tailor a package that will cover your wedding, athletic competition, fundraisers.