Commercial Insurance
As a business owner, you have enough on your mind without having to worry about your insurance needs. You want to have the confidence that the business you've built is covered by a company that understands your business insurance needs.
Commercial business insurance provides wide-ranging protection for businesses and their subsidiaries under a single policy. There are various types of commercial business insurance that takes care of property, liability and workers' compensation, to name a few. While property insurance covers damages to business property and products stored within the premises; liability insurance provides cover for damages to third parties; and workers' compensation insurance covers injuries to employees.
Commercial business insurance is an important aspect of any business that cannot be ignored especially if the business premises are leased or rented and even otherwise. Whatever your commercial insurance needs, we can design a protection program
that's right for you.
Lo-Hud Insurance provides the following types of business insurance
protection:
Auto - Commercial
A commercial automobile insurance policy is required
under most circumstances when the vehicle is used for business
purposes and meets certain other requirements. It is not
just the registration that determines the requirement for
a business automobile insurance policy. Other requirements
are ownership by a corporation, use in hauling goods for
hire, and gross vehicle weight of the vehicle. Some small
trucks can be owned and insured under a personal automobile
insurance policy under specific circumstances.
Commercial
Auto Insurance Quote
BOP (Business Owners Package)
 Business Owners Package policy, commonly called a "BOP" contains
many of the insurance coverages needed by most small businesses.
While these policies are not standard, there is great variation
from insurance company to insurance company; there are
certain common elements. The basic BOP offers business
property for both building and contents, and liability
insurance protection for the operation of your business.
This liability protection will generally include both the
operation of your business, at its established location,
and the liability from your products or completed operations.
Some, but not all of the policies, will also offer business
income and extra expense protection after an insured loss.
BOP policies do not contain all of the coverages needed
by a small business. Notably they do not cover any workers'
compensation, professional liability, or business vehicle
coverage.
Business Owners
Package Insurance Quote
Commercial Property
Commercial Property protects your business against the
loss or loss of use of company property. "Property"
can include a variety of types: lost income or business
interruption, buildings, computers, money, and valuable
papers.
Commercial Property Insurance Quote
Commercial Umbrella
Most package policies provide a liability insurance limit
of $1 million for any one loss and $2 million in any one
year. For many businesses, this limit is inadequate for
real economic security. As a result, additional layers
of protection in million-dollar increments are readily
available in today's insurance market for most businesses.
Commercial Umbrella Insurance Quote
Contractor's General Liability
 Contractor's General Liability insurance is for residential
and commercial builders, general contractors, construction
managers, design and build firms, specialty contractors
or subcontractors, owners or public and private construction
projects.
We offer contractor policies for every type of project:
- Property
- Builders risk insurance and course of construction
- Liability insurance
- General liability insurance
- Contractor insurance
- Commercial auto
- Umbrella
- Workers' compensation
- Equipment insurance
Contractors General Liability Insurance Quote
General Liability
 Normally, it is difficult for businesses or general contractors
to work without general insurance. General liability insurance
is intended to guard operators and owners of companies
from claims that may come from a broad spectrum of sources.
These exposures could be just about anything, including
liability engendered by accidents from the operations of
the insured party, contractual liability, products manufactured
by the insured party, etc.
The liability you select, whether it is one, two, or three
million dollars, determines the cost of general liability
insurance. Also factored into the rates are the kind of
work undertaken, gross receipts and total payroll expenses.
Similar to auto insurance, when it comes to general liability
insurance, you will first have to make a down payment and
then follow it up with installments. Before buying general
liability insurance, it is best to compare the quotes available
in the market.
It is the business owner's or general contractor’s
job to make sure that the people working under him/her
are covered by an insurance policy. If for example, a person
who is not a part of the project gets injured, the injured
person’s lawyer can target just about anyone involved
in the project. The more individuals that are involved,
the greater the chances of a successful lawsuit.
General Liability Insurance Quote
Investment Property/Landlord Liability
If you own an investment property, you should make sure
that you carry adequate insurance coverage. Accidents may
occur and ultimately cause damage to your investment property.
If you do not have the necessary insurance, you will be
responsible for the full financial cost.
Owning an investment property brings with it a large degree
of liability. In addition to the building itself, you may
be responsible for injuries received by others while they
are on your property, including your tenants. Coverage for a rental property provides defense protection even if the allegations are groundless.
Investment Property/Landlord Liability Quote
Condominium Associations
Coverage for condominium association provides protection for a property and liability condominium complex, including common areas. Typically, coverage is added to provide financial protection for the directors and officers of your company in the event they are sued in conjunction with the performance of their duties as they relate to the association.
Workers' Compensation
 Workers' compensation insurance protects employers from
claims resulting from injuries to employees. It protects
your business from lawsuits and provides employees with
compensation for on-the-job injuries.
By law, most employers are required to provide coverage
for lost wages and medical bills incurred as a result of
on-the-job accidents or illnesses. For many businesses,
this coverage is the largest part of its insurance expense.
Workers'
Compensation Insurance Quote
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