Business Insurance, Commercial Insurance

Business Insurance

One accident involving your delivery truck, one accidental fire, or one fall off a ladder could financially devastate a business that does not carry the right kind or the right amount of commercial insurance. Mallory-Tate Insurance Services, LLC. business insurance, can help you put together a policy that will keep you, your employees, and your business safe and up and running.

General Liability Insurance
A liability insurance policy, sometimes called Commercial General Business Liability Insurance, protects your company’s assets. This type of policy covers costs incurred as the result of bodily injury or property damage to a third party caused by you, your employees, or your products/services. Liability insurance also covers litigation claims such as false advertising, copyright infringement, legal defense costs, and judgements, up to the limit of your coverage.

Commercial Property Insurance
A Commercial Property Insurance Policy will cover both the structure and contents of buildings owned by the business from specified events such as vandalism, smoke damage, theft, etc. The covered contents must be items owned or leased by the business.

Commercial Auto Insurance
Commercial Auto Insurance protects your company’s vehicles. Any vehicle that carries products, equipment, or employees is considered a company vehicle and will be protected through this policy from damage and collisions.

Commercial Umbrella Insurance
An Umbrella Policy provides increased limits of financial protection to your business from the rising costs of lawsuits or catastrophic events. An umbrella policy picks up where your general liability policy drops off.

Workers’ Compensation Insurance
Per the Alabama Department of Labor, “any business that has five or more employees, other than contractors, is required by law to have workers’ compensation coverage.

Bonds
In the simplest terms, a surety bond serves as a backup plan in the case that a business does not meet their contractual or fiduciary commitment. There are different bonds for different business, but most fall under one of three main categories: construction, commercial, and court.
Figuring out bonding requirements and making the call on what type and how much business insurance you need can be a daunting task for seasoned business owners and start-up companies. Mallory-Tate Insurance Services, LLC. is here to answer all of your questions about business insurance and ensure your coverage is the right fit for your business.