Financial security can be greatly enhanced when a business understands its risks and takes steps to minimize the potential effect of the perils that threaten its existence. For most businesses, protection comes in the form of commercial insurance policies. All of us at Howe Insurance Group are committed to helping our clients recognize their risks and presenting them with insurance solutions that address their needs. A commercial insurance portfolio might include some or all or the following coverages:
Commercial Coverages
Cyber Liability Insurance
With the growing threat of cyberattacks, this coverage helps protect your business if sensitive data is breached or your systems are hacked. It can cover costs like data recovery, legal expenses, and customer notification. If you don’t have this coverage already, it’s a critical safeguard for today’s digital landscape.
Employment Practices Liability Insurance (EPLI)
If you have employees, EPLI is crucial to protect your business from lawsuits related to employment practices, such as wrongful termination, harassment, or discrimination. This coverage helps cover legal fees, settlements, and damages, and it may be something your business could benefit from if not already in place.
Crime Insurance
The risk of theft, fraud, or employee dishonesty is something no business can afford to ignore. If you don’t have Crime Insurance, this coverage can help protect your business from financial losses due to criminal acts, including employee theft, robbery, or cybercrime.
Professional Liability Insurance (Errors & Omissions)
Professional Liability provides essential coverage for defense costs, settlements, and damages in the event of a lawsuit related to your professional services. This is especially relevant if your business is in consulting, legal, financial, or healthcare services.
Excess Liability Insurance
Standard liability policies may not provide enough coverage in the event of a large claim. If you don’t have Excess Liability insurance, this coverage extends the limits of your existing policies, offering added protection for your business in the face of unexpected and high-cost claims.
Fiduciary Liability Insurance
If you manage employee benefit plans, such as 401(k)s, you could be exposed to claims related to the mismanagement of those plans. Fiduciary Liability insurance is essential to protect your business from legal costs associated with breaches of fiduciary duties. If you don’t have it yet, it’s worth considering.
401(k) Bond
If your business offers a 401(k) plan, you may or may not already have a 401(k) Bond in place. This bond is required by law to protect the plan’s assets from fraud or theft. If your business doesn’t have this coverage, it’s a necessary protection to ensure both compliance and security for your employees’ retirement savings.
Additional Coverages
- Commercial General Liability
- Property Insurance for Buildings and Business Personal Property
- Business Income (Business Interruption)
- Commercial Auto
- Workers Compensation
- Umbrella Liability (Excess Liability)
- Professional Liability
- Errors and/or Omissions Liability
- Cyber Liability
- Information & Network Technology Liability
- Crime Insurance
- Money & Securities
- Employee Theft
- Kidnap & Ransom
- Employment Practices Liability
- Executive Protection
- Directors and Officers Liability
- Fiduciary Liability
- Bonds
- International Coverages
Areas of Expertise
Throughout our long history we have worked with many types of businesses, including many start-ups. We can offer insurance solutions for a very wide range of operations, including:
- Professional Offices
- Educational Institutions
- Municipalities
- Private Schools
- Contractors
- Howe Insurance Group is a Tree Care Industry Association member and an Arbor MAX representative (Arbor Max is the only insurance program endorsed by the TCIA)
- Wholesalers
- Retail Stores
- Restaurants
- Manufacturers
- Consulting Firms
- Non-Profit Organizations
- Arts Organizations
- Visual Arts
- Dance
- Amateur Athletics
- Camps
- Charitable Foundations
- Community Organizations
- Arts Organizations
- Sports & Entertainment Firms
- Technology Firms
Please give us a call, or send us an email, if you have any questions about the coverages mentioned above, or if you would like to meet with a Howe Insurance Group representative to review your commercial insurance portfolio.