Typically, employee crime-related losses to a business are not covered by your Commercial Property Insurance plan. That’s why you may want to consider stand-alone Crime/Employee Dishonesty Insurance policy. This type of coverage protects you and your business from theft of money, securities, property, forgery, alteration, unauthorized electronic funds transfers, wire fraud, credit card fraud, computer fraud, money order fraud, and counterfeit fraud.

You can also add your Employee Retirement Income Security Act (ERISA) bond coverage to a Crime policy. This is a requirement in order to comply with ERISA bonding requirements. A Crime/Employee Dishonesty policy can also include coverage for the loss of client’s property in your care or control. Crime/Employee Dishonesty coverage is an invaluable protection from the unknown of employee theft, manipulation of funds, and theft of customer property.

Your business is only a good as your employees and keeping them safe is the number one priority. But no matter how hard you try, accidents happen and when they do, having the right Workers’ Compensation policy in place is key. Workers’ Compensation protects your business by ensuring that an injured or sick employee is covered for medical expenses, rehabilitation, a portion of lost wages or death benefits.’

Each employer must follow their state’s specific worker’s compensation law. These regulations help guide you as to the proper amount of coverage to cover the cost of a work-related injury or illness. If an employee cannot return to work, a Workers’ Compensation policy can also provide long-term disability benefits.

Chances are if you work close, near or on water, you will be required to have USL&H (United States Longshore & Harbor) coverage. Depending on your business, this type of insurance has been mandated by the federal government. Because most workers’ compensation policies exclude working around water, you may need a USL&H policy to fill the gaps to protect your employees.

Benefits of this type of coverage are based on wages lost and the employee’s potential earning capacity after the injury. Also, due to the Longshore & Harbor Workers’ Compensation Act, USL&H coverage may be mandatory and subject to fines, prison time or both if you do have this type of policy in place.

Umbrella Liability Insurance gives you extra coverage needed to help cover costs that exceed your general liability or other liability policy limits. Adding a Commercial Umbrella Liability policy to your existing coverage provides an additional level of protection for your business. Having this extra layer of coverage can save you from paying for expenses that are above and beyond your policy limits.

Whether you’re a heavy machine operator or a local handyman, your tools are your life’s blood. That’s why protecting them from theft, damage or loss is key to preventing a costly repair or even worse, having to replace these expensive tools of the trade.

A contractor’s Tool and Equipment policy, also referred to as inland marine, is designed to protect your tools and equipment across multiple locations. It covers the repair or replacement of everything from hand tools to heavy equipment, regardless of if it’s brand new or slightly used, rented or leased.