General Liability

As a business owner, you are potentially liable for every product, service, and operation relating to your business. While sound procedures may be stressed throughout your organization, the fact remains that no person or machine is perfect. In spite of your best efforts, harm caused to a third party relating to your business could lead to litigation.

The Solution

Commercial liability insurance is designed to protect business owners and assets from a variety of exposures. It can cover liability arising from accidents on or off premises, to products sold by the insured that result in injury to the user, to contractual liability, leaving an owner free to concentrate on managing their business.

Commercial liability insurance pays for expenses such as attorney's fees, witness fees, and police reports. The coverage goes beyond the basic expenses of a legal defense to cover any reasonable expenses the business owner may incur at the insurance company's request to assist in the planning of their defense. The liability policy will also fund the premium for any bond the court requires, ensuring that the judgment will be paid if the business owner is found legally liable for an injury or property damage.

• PROPERTY DAMAGE
• BODILY INJURY
• PERSONAL INJURY
• LIQUOR LIABILITY

Property

Imagine that a fire breaks out and you lose your entire inventory. Or your business is burglarized causing physical damage and possibly lost assets. Your ability to recover from these incidents is dependent on your commercial property insurance.

The Solution

In case of catastrophes like fire, explosion, theft, or vandalism, property insurance helps cover your costs, whether it's to repair damaged property or replace what you've lost. In addition, property coverage can provide business interruption income if a covered loss forces you to close your business for an extended period of time. Protecting your business property insures your peace of mind if a disaster occurs.

• Building and Personal Property
• Builders Risk
• Business Income
• Extra Expense
• Legal Liability

Workers Compensation

Have you reviewed your workers compensation policy lately? Although workers compensation is required by law, the coverage, service, and price isn't always the same. Workers compensation is a critical piece of every risk management plan. It protects your business and employees from work-related exposures.

• INJURIES
• OCCUPATIONAL ILLNESS
• MEDICAL TREATMENT
• REHABILITATION
• LOST WAGES
• DEATH
• LIABILITY INSURANCE FOR LAWSUITS

The Solution: A unique Leavitt Group Program

Here are some benefits of our in-house program that sets us apart:

• Low premiums
• Knowledgeable support
• Risk management expertise to help prevent claims from happening
• Dedicated claims staff to help see quick closure of your claims

Our objective is to keep your premium under control so you can maximize capital in other aspects of your business.

Commercial Umbrella

Worried about a catastrophic claim depleting your future income and business assets? Every business is vulnerable to devastating losses and lawsuits that could possibly exceed your primary insurance coverage.

The Solution

Worry less about an unexpected event by supplementing your existing general, auto, and liability limits with an umbrella liability policy. This coverage is relatively inexpensive and provides additional protection for your business investment.

Here's how it works: Umbrella coverage, sometimes known as excess, extends the limits of your liability coverages to protect against larger, more catastrophic claims. This coverage takes effect when your underlying policy limits have been exceeded. The umbrella basically affords you with a convenient, inexpensive way to increase your overall limits.

Commercial Auto

Imagine you were involved in an accident in your personal vehicle while engaged in company business. Did you know your personal insurance may not cover you?

What if you have employees on the road making service calls to customers? What coverage do they have?

Also consider if your company's valuable equipment is within a vehicle and that property is lost or stolen...is it covered? A typical auto insurance policy usually does not cover these types of risks.

The Solution

Commercial auto insurance provides valuable protection for your company-owned vehicles, leased or rented vehicles, and your employees' vehicles used for business purposes. Major coverages are the same as with personal auto insurance. Auto insurance pays for damages due to an accident, or damages caused by fire, theft, flood, and vandalism. It also provides liability coverage for injuries to people and property damage when you are at fault in an accident.

Downtime due to vehicle mishaps can results in lost profits. Protecting your commercial vehicle fleet with business auto insurance will aid in minimizing downtime and preserving your bottom line.

Managerial Liability

Are you a business owner, officer, board member, manager or supervisor? Do you have any role in administering your company benefit or retirement plans? If so, then your day-to-day decisions could not only involve a claim against your company but you could be putting your personal assets at risk as well.

The Solution

Executive liability insurance is designed to protect exposures inherent in nearly every business that the standard general liability policy does not address. The three principal areas your need exists are in:

• Employment Practices - Various employment decisions and missteps such as discrimination, harassment, wrongful termination, failure to hire or promote as well as the myriad of federal (and in some cases state) regulations that you are required to follow become a minefield for even small employers.
• Directors & Officers Liability - This is not just for publicly traded companies. How your business conducts itself in the marketplace and towards its vendors, creditors, and competitors can put the ones "calling the shots" at risk. Their decisions, failure to act, and representations are all open for scrutiny and second guessing.
• Fiduciary Liability - Do you have any discretionary control over an ERISA plan? If so, you can be held responsible not only for your action or inaction, but for those outside entities you utilize in the management of these plans. The interpretation of who is considered a "fiduciary" is broad and very problematic.
• Errors & Omissions - Do you give advice, make recommendations, or design solutions? Do you provide products or services to third parties? If a customer claims you did something incorrectly on their behalf, you could be held liable. This insurance is designed to cover many of the legal defense costs.

Inland Marine

Do you have business equipment, materials, or supplies in transit? Do you store business property in an off-site location? Protect some of your most valuable business property or equipment wherever it may be.

The Solution

Inland marine insurance provides coverage for loss exposures to business property that cannot be conveniently or reasonably confined to a fixed location. This insurance provides coverage for materials in transit, moveable equipment, and unusual property.

This broad type of coverage was developed for shipments that do not involve ocean transport. Inland marine covers articles in transit by all forms of land and air transportation as well as bridges, tunnels, and other means of transportation and communication.

Inland marine coverage can be customized to meet the individual needs of your business. Specific coverages available include:

• Construction
• High Value Property
• Leased Property & Installment Sales
• Transportation

Bonds

The Leavitt Group brings together long-standing relationships with the surety marketplace and the resources necessary to help you manage your company's surety program. We are also committed to satisfying your contractual obligations while protecting your assets and supporting your current and future business needs.

Surety bonding is a valuable credit resource – one that can be vital to your company's well-being. Surety is a relationship-driven business. In support of your line of credit, the surety company wants to understand your company's operation, its business philosophy, and financial situation.

The Leavitt Group surety specialists act as your advocate working to establish and maintain your surety relationship. We gather and present data to underwriters, facilitate underwriting meetings, respond to surety questions, as well as provide daily service to your inquiries and requests. Our market knowledge is the key to establishing a successful surety program for your business.

Crime

White-collar crime is one of the fastest-growing, widespread problems facing businesses today. Crimes involving fraud and embezzlement can go undetected for years. By the time they are discovered, the losses sustained can have a devastating and irreparable effect on your bottom line. Regardless of your business size, you are a potential victim of white collar crime.

The Solution

Workplace crime can happen to any business at any time. Although, it can have a bigger impact on a smaller business due to limited resources, workplace crime can happen even in the best work environments.

Crime coverage protects against losses from employee theft and dishonesty, credit card forgery, computer fraud and theft, and disappearance and destruction of property. This coverage protects current and future business assets as well as your business' credibility.

Although this risk is increasingly more common – and very costly - fewer than half of all companies protect themselves with crime coverage. Make sure your business is one that carries this critical coverage as part of your risk management strategy.

Busines Owners Policy (BOP)

Are you a small-business owner looking for comprehensive insurance coverage all in one policy?

The Solution

Since small to mid-size businesses usually face the same degree of risk, a one-package policy called a Business Owners Policy or "BOP" is available to fit the needs of your business. A BOP combines protection from all major property and liability risks in one package.

A Business Owners Policy is designed specifically for your business and industry. The coverage is generally less expensive than if purchased through separate insurance policies.

We can help you determine through a risk analysis if the BOP make sense for your business, or if a customize commercial package is needed to meet the risks you face.