At Hirsch Insurance, we believe every business, no matter the size, has its own unique identity and set of challenges. Our experienced insurance experts take the time to listen, understand, and focus on providing clients with tailored property and casualty coverages to fit your business. We strive to meet your specific business needs, exposures, and provide the highest quality of service our clients deserve and demand.
For most clients, selecting the proper property and casualty insurance program for their business can be a difficult task. Hirsch Insurance brings the highest level of professionalism and insurance expertise in guiding our clients through the process of obtaining these essential coverages.
We work side by side with our clients to form a business partnership. Building this trust helps us analyze exposures and pursue insurance coverage that meet your business risks. We identify coverage, limits, and pricing alternatives that can provide enhanced value. We remain committed to our independent philosophy of putting your needs first. We shop your coverage to a broad range of reputable insurance carriers, finding the very best products to reduce cost and protect your business.
We provide a comprehensive scope of commercial insurance products to meet your business needs:
- General Liability Insurance
- Property Insurance
- Flood Insurance
- Workers Compensation Insurance
- Business Auto Insurance
- Umbrella Liability Insurance
- Professional Liability Insurance
- Employment Practices Liability
- Crime Insurance
- Directors & Officers Liability
- Cyber Liability
- Equipment Insurance
- Garage & Dealers Insurance
- Cargo Insurance
TYPES OF BUSINESS INSURANCE
Insurance coverage is available for nearly every conceivable risk you might encounter at your business. Like the risk, the cost and amount of coverage of policies can vary among insurers just as much – Which is why you called an independent insurance agent. We can shop multiple companies to save you time and money. You should discuss your specific business risks and the types of insurance available with one of our licensed insurance agents. Our agents can advise you on the exact types of insurance you should consider purchasing.
GENERAL LIABILITY INSURANCE
Business owners can and should purchase general liability insurance to cover legal hassles due to accident, injuries and claims of negligence. These policies protect against payment due to the injured party as a result of bodily injury, property damage, medical expenses, libel, slander, the cost of defending lawsuits, and settlement bonds or judgments required during an appeal procedure. Ask an agent about these coverages.
PRODUCT LIABILITY INSURANCE
Companies that manufacture, wholesale, distribute, and retail a product may be liable for its safety, which is why it is important to protect your company with a product liability insurance policy. This policy protects against financial loss as a result of a defect product that causes injury or bodily harm. The amount of insurance you should purchase depends on the products you sell or manufacture. A hat store would have far less risk than a large manufacturer of electronics.
PROFESSIONAL LIABILITY INSURANCE
Business owners providing services should consider having professional liability insurance (also known as errors and omissions insurance). This type of liability coverage protects your business against malpractice, errors, and negligence in provision of services to your customers. Depending on your profession, you may be required by your state government to carry such a policy. For example, physicians are required to purchase malpractice insurance as a condition of practicing in certain states.
COMMERCIAL PROPERTY INSURANCE
Property insurance covers everything related to the loss and damage of company property due to a wide-variety of events such as fire, smoke, wind and hail storms, civil disobedience and vandalism. The definition of “property” is broad, and includes lost income, business interruption, buildings, computers, company papers and money.
Property insurance policies come in two basic forms: (1) all-risk policies covering a wide-range of incidents and perils except those noted in the policy; (2) peril-specific policies that cover losses from only those perils listed in the policy. Examples of peril-specific policies include fire, flood, crime and business interruption insurance. All-risk policies generally cover risks faced by the average small business, while peril-specific policies are usually purchased when there is high risk of peril in a certain area. Consult your insurance agent or broker about the type of business property insurance best suited for your small business.
HOME-BASED BUSINESS INSURANCE
Contrary to popular belief, homeowners’ insurance policies do not generally cover home-based business losses. Depending on risks to your business, you may add riders to your homeowners’ policy to cover normal business risks such as property damage. However, homeowners’ policies only go so far in covering home-based businesses and you may need to purchase additional policies to cover other risks, such as general and professional liability.
For more information, consider visiting www.sba.gov and search for “insurance.”
We are ready to help your business thrive, no matter the challenge. Contact us with your business insurance needs today!