Property and Casualty Insurance
Providing coverage and peace of mind for your people and your property
What is Property and Casualty Insurance?
To put it bluntly, this is what most people think of when someone mentions business insurance. This is similar to what you have on your personal property, but it’s tailored for your business. It can cover your buildings, cars, trucks, and equipment. It can cover your business if you or an employee is responsible for physical damages to someone else or their property.
Our Approach to Your Policy
There is no cookie cutter policy available for any business or industry. Everything depends on many factors within your business and with you personally. We approach our policies by spending the time to fully understand what your business does, where you have potential exposure, and your comfort with risk.
As crazy as it may sound, most insurance brokers don’t write policies that truly benefit you. They work with the carriers to create policies that are in the best interest of the insurance companies. We focus on you and ensure that you get the coverage that you need, not what the insurance companies want you to have.
How BB Insurance Can Help You
At BB Insurance, we work to understand our clients’ unique needs, exposures and loss profile, and provide coverage to protect your business property, including buildings, equipment, inventory, and more. Our relationships with the market allow us to create customized insurance programs that provide extraordinary protection at an affordable cost. We’ll ensure you have a commercial property insurance policy that will help you replace, repair, or restore damaged buildings and equipment as quickly as possible in the event of a loss—and cover the losses suffered while your business is unable to operate. But our policies don’t end at your physical property.
Commercial Liability Insurance
Even the most reputable businesses are at risk of a lawsuit. Business liability insurance protects the assets of your business when facing a lawsuit and serves as the first line of defense against many common claims. A properly selected commercial liability insurance policy will help allow your business to continue operating in the event you face real or fraudulent claims of certain types of negligence or wrongdoing.
Covered liability claims include bodily injury, property damage, personal and advertising injury, medical payments, and other exposures.
Our specialists dig deeper at your place of business to identify potential risks and exposures. We will build a business liability insurance program that protects you and your employees, ensures your risk is classified properly, safeguards your reputation, controls loss and lowers costs.
Commercial Auto Insurance
Whether your business fleet consists of a single vehicle or dozens of cars, trucks, and vans, we’ll find the business auto insurance that will keep you and your employees on the road and your costs under control. We’ll work to craft a commercial auto insurance policy for your business that can cover more than just your fleet, as your policy can include coverage for employee-owned vehicles and rental cars, auto liability, uninsured motorist coverage, comprehensive coverage and collision coverage.
Business Interruption Insurance
If you experience an unfortunate event, such as a fire or natural disaster, and are forced to relocate or even close, Business Interruption insurance, also known as Business Income insurance, will replace lost business and protect you from loss of income. Coverage includes:
Net profits that you would have made during the time period your business is unusable
Costs and expenses incurred while your business is unusable
Costs incurred if your company must move to a temporary location
Our team will work to uncover unique exposures to identify specific “what if” scenarios specific to your organization—so if you fall victim to an event outside your control where income is lost, your fixed expenses will be covered, and you can keep your doors open.
Workers’ Compensation Insurance
Even at the safest workplaces with the most vigilant staff, accidents happen. In the event that your employees are injured on the job, Workers’ Compensation insurance provides medical benefits, income benefits, death benefits and rehabilitation benefits. Accidental injuries, death resulting from the accident as well as occupational diseases unique to the occupation are covered. Our team will work to ensure you and your employees are protected in case an accident does occur on the job.
FAQ
I sell a service and don’t have a physical building or product, do I need this type of insurance?
Yes. Property and Casualty is more than just physical property, and many states and governing boards require insurance based upon whatever you sell. This insurance can also cover employees, their personal property, and anything bad that may occur at a client or somewhere off-site.
Does my basic business insurance cover cyber liability?
Most likely, no. Cyber liability has become a whole other type of insurance that almost every business should have because it’s become too complicated to exist under general liability. Check out our cyber liability information page to learn more.
Am I legally required to have insurance?
In most cases, yes. Most states and localities will require certain insurance at a minimum such as worker’s compensation. Certain services require a level of professional liability, and banks and other investors may require insurance before doing business with you.
Does business interruption insurance cover all instances of loss of income?
It can, but it depends on the policy. As many business owners found out in 2020, pandemics had been removed from most business interruption or business continuity policies. We will walk you through your policies to ensure that you are covered for all risks that you feel are important.