Business Insurance
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Business Insurance |
Planning and implementing a complete insurance program is a complicated and time-consuming effort. At S.S. Nesbitt & Co., we are more than insurance agents. We are business people who understand the complexities of small and large companies and will provide insurance solutions for your most difficult problems. Because every company can be unique, it is wise to choose an agent who works for you—not the insurance company. Let S.S. Nesbitt’s commercial insurance division provide you with comprehensive property and casualty insurance solutions for your business. Property and Casualty
Management Liability In today’s litigious society, most companies should consider coverage beyond a traditional general liability policy. Management liability insurance programs can include directors and officers, employment practices, fiduciary liability, professional liability, crime and kidnap/ransom. Contact an S.S. Nesbitt agent to learn more about these important options. Directors and Officers Liability As the primary decision makers for your company’s future, it is important that your company’s directors and officers are not putting their personal assets in jeopardy. Action against your board could come from shareholders, employees, customers, suppliers, competitors or the government. Although there is no single solution for protecting directors and officers from liability, D&O liability insurance can be an effective tool in mitigating a firm’s overall exposure. S.S. Nesbitt can help you design and implement a D&O insurance program that suits your business. Employment Practices Liability Employers face a growing multitude of serious employment practices liability (EPL) exposures in their daily interactions with employees. What seems like the smallest employee dispute can turn into expensive litigation. In fact, employment issues now comprise 30 percent of all civil litigation in the United States. Because EPL insurance is such a critical part of a corporation’s risk management strategy, S.S. Nesbitt consults with you to identify your corporate and personal exposures to liability. We conduct a thorough analysis by working directly with attorneys who specialize in employment practices and by reviewing your workforce, human resources policies and procedures. Fiduciary Liability Fiduciary liability coverage protects welfare and pension plans, the sponsor organization and individuals acting as fiduciaries or administrators of the plans. It includes liability for:
Professional Liability Your reputation is on the line every time you provide work for a customer. If their expectations are not met, they may seek remedy in court. Win or lose, when you face a lawsuit from a customer, the financial ramifications are serious. S.S. Nesbitt offers professional liability insurance protection for commercial businesses that offer a wide range of services, including:
Network/Internet Liability The Internet has brought the business world a new group of liability exposures that are constantly changing, with more emerging daily. S.S. Nesbitt can offer your company a broad range of leading edge protection for the exposures that result from Internet communications. We can also help fill the potential gaps in traditional general liability policies. Crime Insurance White collar crime accounts for more losses each year than fire, according to the Insurance Information Institute. It’s difficult to realize that even your most trusted employees can and will steal money, securities and other valuable property. S.S. Nesbitt can help you plan the best way to protect your assets and confidential information. Kidnap/Ransom and Extortion Insurance Any company of any size can be a target for extortion threats against the company and its employees. Managing the costs associated with an extortion threat against your products, proprietary information, computer system or your people can push a small to medium-sized company to its financial limits. Through S.S. Nesbitt’s kidnap/ransom and extortion insurance coverage, we can help mitigate the catastrophic costs of a ransom or extortion payment and the related costs associated with managing these types of crises.
Property and Casualty Policies are available to provide insurance for vehicles owned, leased or borrowed by a business. Automobiles, trucks, vans and trailers can all be insured. Policies can include liability for bodily injury and physical damage to others, as well as coverage for theft or damage to a vehicle. Coverage can be expanded to include medical payments, uninsured motorists and employee cars used in the services of the employer. Commercial Auto policies can provide protection for your property regardless of fault. Truckers and commercial garages require special coverage policies. They have unique liabilities and must secure special policies that deal with their different needs. Businesses that have a fleet of vehicles will, of course, have different needs than a business with just one or two vehicles. And, their policies will reflect these differences. S.S. Nesbitt’s insurance professionals will help you implement the best coverage for your company.
Insuring business property is a tricky task that merits professional input. Spending time with one of our agents to develop a list of your business property risks will provide a strategy for proper and adequate coverage. What is Property Insurance? Property insurance protects your business by insuring physical damage to, or loss of, your assets. Broadly defined, assets include the area in which your business operates and the property housed there. In the case of catastrophes, like fire, explosion, flood, theft, or vandalism, the correct property insurance helps cover your costs—whether it is to repair damaged property or replace what you have lost. Contact S.S. Nesbitt for a comprehensive review of your commercial insurance policies today. Property to Insure:
State Workers Compensation laws vary in wording; however, they generally define a workers’ compensation injury as any illness or injury incurred "in the course of employment." Employers are required to carry insurance to cover employees' medical expenses and lost wages if they are injured on the job. Failure to do so can result in substantial penalties and fines. States also vary on benefits provided by workers’ compensation. Therefore, it is important to have an S.S. Nesbitt professional assess all of your needs.
Additional Coverages for Unique Exposures We understand that every growing business faces different challenges and a unique set of risks. Below you will find some additional coverages provided through S.S. Nesbitt & Co. Please feel free to consult an S.S. Nesbitt professional today for a customized evaluation of your insurance portfolio. We will take into account where you are now, and what you envision down the road. Then we will make sure that you have the security, protection and peace of mind you need to stay focused on the future of your business. Inland/Ocean Marine - A broad type of insurance protecting articles that are transported from one place to another and the risks associated with moving, storage and usage. It includes goods in transit, as well as "floater" policies, such as those covering personal property, jewelry, furs and fine arts.
S.S. Nesbitt & Co., Inc. has access to markets that offer bonds from low to high limits. There are numerous types of bonds available; some of the most common are: Fidelity Bonds - Protect business owners and their clients from the dishonest acts of their employees Surety Bonds - Designed to fulfill contract requirements Bid and Contractor Bonds - Guarantee that a contractor will complete a job in accordance with the terms of the contract License and Permit Bonds - Guarantee the principal will conduct business in accordance with certain laws, regulations or local ordinances Notary Bonds - Guarantee individuals have been duly appointed as a notary by the state Judicial or Court Bonds - Required by law for the faithful performance of duties and compliance with court orders
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© 2007 EBSCO Industries, Inc. All rights reserved.
S.S. Nesbitt & Co., Inc. is a wholly owned subsidiary of EBSCO Industries Inc. |
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