Commercial Insurance

Five Points Insurance offers insurance packages that are designed for different types of businesses. Whether it is insurance for your building, business property, equipment, inventory or company vehicles, we offer products and services to protect your business.  The following discusses the types of offerings we have for those in need of business insurance.

You may want to consider a Business Owners Package which combines your Liability, Property and other types of coverage into one comprehensive policy and which can help you save time and money on your total insurance program. We will work with you to determine whether these plans make sense for you.

Property
Property Insurance covers the risk of property loss in a variety of commercial situations, including commercial buildings, equipment, furniture, fixtures, inventories, business records, supplies and other physical items. Property Insurance may cover two types of property losses:

Direct losses may be covered when property is lost, stolen, damaged or destroyed
Indirect or consequential losses related to direct losses may also be covered

General Liability
Casualty Insurance consists primarily of liability coverages, which protect an insured party against injury or damage claims made by other parties. These policies provide coverage for liability arising out of:

Premises and operation
Fire damage liability (damage by fire to premises rented to insured)
Personal and advertising injury
Medical payments
Products/Completed operations

You may want to consider a Business Owners Package which combines your Liability, Property and other types of coverage into one comprehensive policy and which can help you save time and money on your total insurance program. And since we live in an age of million-dollar lawsuits, you may also want to add extra liability protection in the form of a Commercial Umbrella Policy. We will work with you to determine whether these plans make sense for you.

Auto
Business auto coverage insures vehicles that are owned, leased, hired or borrowed by businesses, whether they are associations, corporations, partnerships or sole proprietorships. It may be used to insure private passenger autos and all types of trucks, trailers, semitrailers and commercial vehicles designed for use on public roads. We can give you more details about specific coverages and deductibles and about tailoring a business auto plan that’s right for you and your business

Life and disability
Life and disability insurance needs are a critical component of business planning. These insurance needs can be the life blood of your business in event of a death or disability. Your plan will include the following core components to help protect your current and future business.

Workers’ Compensation
Workers’ Compensation coverage applies to bodily injury and diseases arising out of and in the course of employment. Any bodily injury must be accidental, and the term includes death resulting from the accident. Only occupational diseases, which are unique to the occupation, are covered. Workers’ Compensation provides for the payment of four types of benefits:

Medical benefits
Income benefits
Death benefits
Rehabilitation benefits

Five Points Insurance can provide you with complete details on Workers’ Compensation insurance and recommend cost-effective ways to control expenses through safety engineering and claim services.