Property and Casualty

Business Owner Policy

(BOP) Business Owners polices package all major property and liability risks into one policy. BOP polices include property insurance for buildings and contents owned by the company. They also include business interruption, and liability protection. This policy is for a certain type of business.

Commercial Property Insurance

This generally is for the business owner with a higher degree of exposure than the BOP policy above. It would protect your business against physical damage to, or loss of assets. This policy can also cover your loss of income due to a loss. If you have a catastrophes like fire, explosion, theft, or vandalism, property insurance helps cover your costs weather it’s to repair damaged property or replace what is lost or damaged.

Boiler and Machinery

Losses due to the failure of breakdown of a boiler, machinery, heating, cooling, and electrical equipment can be extended to also include consequential and business interruption losses. Insurance benefits are provided up to the limit per accident in the following order. 1- all property of the insured that is directly damaged by the accident; 2-reasonable costs of temporary repairs and expediting expenses; 3-liabilty for damage to property of others.

Builders Risk

Covers buildings or structures during the construction, renovation, or repair process! This coverage can be tailored to meet the client’s needs. It can also be tailored to cover material while in transit and on the job site before becoming a permanent part of the building or structure. Builders risk coverage is required by most banks and lenders while the building and structure is being built. Builders risk coverage is an important insurance product in the construction industry.

Inland Marine

These are coverage’s that may involve transportation or of site of your business location. The property may be in transit, held by a bailee, at a fixed location that is an instrument of transportation, or be a movable type of goods that are often at different locations. This policy covers any goods in transit anywhere except the on the high seas. Example of items contractors tools on the job site they are at.

Cargo Insurance

Provides coverage for ocean, air or ground transportation exposures; goods or carog, earnings (such as freight, passage money, commissions, or profit) and liability (known as protection and indemnity).

Business Liability

Commercial General Liability coverage pays losses and legal defense arising from real or alleged bodily injury, property damage, personal injury on your business premises or arising from your operations, products or services.

Commercial Umbrella Liability

Provide excess coverage over a primary or underlying liability policy such as a Business Owners policy or Business Liability policy. This coverage will protect your business when your underlying coverage from your main policy has been exhausted. The amount of this policy coverage will very on your business and its financial needs of protection.

Professional Liability

Protects business owners against financial losses from lawsuits filed against them by their clients for injury or loss arising from negligence in rendering professional services. This coverage can also be called errors and omissions liability when liability is limited to acts of negligence.

Directors and Officers Liability

A specialized form of professional liability coverage! Covers for legal expenses and liability to shareholders, bondholders, creditors or others due to actions or omissions of directors and/or officers of a corporation, whether public or private, or nonprofit organization! Note: Directors and officers are not liable for an honest mistake of business judgment made with reasonable prudence or care that result in a financial loss. Officers and directors are held personally liable for actions or omissions made with negligence, recklessness, or bad faith.

Employment Practices Liability (EPLI)

Covers business against claims by workers that their legal rights as employees of the company have been violated! Provides protection against claims of Sexual harassment, Discrimination, Wrongful termination, Breach of employment contract, negligent evaluation, Failure to employ or promote, Wrongful discipline, Deprivation of career opportunity. Wrongful infliction of emotional distress, and Mismanagement of employee benefit plans.
Where we are seeing this type of claim on the rise this may be a very important coverage you may need. Some insurers provide this coverage by an additional endorsement to their Business owner’s policy (BOP). Other companies offer EPLI as a standalone coverage. The cost depends on you type of business, number of employees and whether your company has been sued over employment practices in the past.

Errors and Omissions Liability

Covers damages arising out of the insured’s negligence, mistakes, or failure to take appropriate action in the performance of business or professional duties!

Liquor Liability

Provides coverage for bodily injury or property damage for which an insured may be held liable by reason of: Causing or contributing to the intoxication of any person, Furnishing alcoholic beverages to a person under the legal drinking age or under the influence of alcohol, or Violating any statute, ordinance, or regulation relating to the sale, gift, distribution, or use of alcoholic beverages.

C&W Premier Insurance Agency, Inc
2532 Annie Oakley Dr.
Park City, UT
435-649-3354
Email - clair@candwinsurance.com