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Commercial
Insurance Services:
Commercial Property and Casualty Insurance
We
can provide you with a full range of insurance policies
and services. And since we're independent, Bottrell Insurance
Agency represents most of the nation's top-rated insurance
companies. Listed below are some of the basic coverage's
we offer to protect your business from loss and liability.
For a complete risk profile and business insurance recommendation,
contact a Bottrell Insurance agent today.
Business
Automobile Liability & Physical Damage
Provides
a combination of liability protection and physical damage
coverage for loss due to damage to vehicles owned, maintained
or used by you. Additional coverage such as medical payments
and uninsured motorist protection can be purchased to "customize"
the policy to fit your business.
Commercial
General Liability
Protects
your business against claims arising from alleged bodily
injury, property damage, or personal injury/advertising
liability. It includes protection for services you render
or products you sell. Coverage payments can include judgments,
attorney fees, court costs, or other related expenses.
Buildings
and Personal Property
Building
coverage provides protection for permanent structures listed
on the policy and also permanently installed fixtures, machinery
and equipment. Personal property owned by your firm and
used in your operations can also be covered. Furniture and
fixtures, equipment and machinery, raw stock, and finished
goods all fall within this category. Time element coverage
is for loss of business income and the extra expenses incurred
from a covered loss
Workers'
Compensation & Employer's Liability
Provides
statutory coverage mandated by workers' compensation laws,
and legal liability as an employer.
Umbrella Liability
Provides
protection against catastrophic liability claims. The policy
acts as an excess coverage over your primary liability policies.
Its limits apply in addition to that provided by the underlying
coverage.
Surety
Bonds
Surety
Bonds provide financial security and construction assurance
on building and construction projects by assuring project
owners those contractors will perform the work and pay certain
subcontractors, laborers, and material suppliers.
There
are three types of corporate (contract) surety bonds:
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Bid
bonds - Provide financial assurance that the bid
has been submitted in good faith, and that the contractor
intends to enter into the contract at the price bid
and provide the required performance and payment bonds.
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Performance
bonds - Protect the owner from financial loss should
the contractor fail to perform the contract in accordance
with its terms and conditions.
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Payment
bonds - Guarantee that the contractor will pay certain
subcontractors, laborers, and material suppliers associated
with the project.
Crime
The
Employee Dishonesty Policy (Fidelity Bond) provides protection
for loss of money, securities, and other property caused
by the fraudulent or dishonest acts of one or more employees
while acting alone or in collusion with others.
The money and securities policy provides coverage for destruction
or theft of money or securities by others on the Insured's
premises or while in the custody of a messenger.
Professional
Liability
This
coverage provides coverage for legal duties owed to clients
and third parties, stemming from statute law, case law,
common law, and generally accepted performance standards
within individual professions.
Directors
& Officers Liability
D&O
protects directors and officers for claims alleging negligent
acts, errors, or omissions in their duties as directors
and officers.
Employment Practices Liability
Provides coverage for liability to employees, former employees,
and prospective employees for alleged wrongful acts related
to employment by the Insured.
Fiduciary
Liability
Provides
coverage for fiduciaries and sponsors of benefit plans subject
to ERISA for their wrongful acts as fiduciaries. ERISA requires
that a fidelity bond be issued on behalf of employee benefit
plans subject to ERISA regulations. Bonds must be equal
to 10% of the assets of the fund or a maximum of $500,000.
Electronic
Data Processing (EDP)
Provides
coverage for direct damage to electronic data processing
equipment, usually including mechanical breakdown and electrical
perils. It can be extended to cover media, including the
cost of recreating lost information, as well as business
interruption or extra expense resulting from the damage
to the equipment.
We
want to hear from you. That's why we invite you to sit down
with a licensed Bottrell Insurance professional who will
help you identify your company's risks and create a comprehensive
plan that addresses your specific needs. You can reach us
by calling 1-800-410-8200 toll-free or (601) 960-8200 or
e-mail us at insure@bottrell.com.
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