Business Insurance
Businesses present unique exposures for insurers, so it is harder to generalize about coverages. The categories of policies listed below are only an outline of the coverages available through our carriers.
Whatever your commercial insurance needs, we can design a protection program that's right for you.
The Arra Insurance Agency provides the following types of business insurance protection:
Auto - Commercial
A commercial automobile insurance policy is required under most circumstances
when the vehicle is used for business purposes and meets certain other requirements.
It is not just the registration that determines the requirement for a business
automobile insurance policy. Other requirements are ownership by a corporation,
use in hauling goods for hire, and gross vehicle weight of the vehicle. Some
small trucks can be owned and insured under a personal automobile insurance
policy under specific circumstances.
Commercial automobile insurance policies are not regulated in pricing, as are
private passenger policies. There is price competition between insurance companies
for good commercial automobile insurance.
Commercial Auto Insurance Quote
BOP (Business Owners Package)
Business Owners Package policy, commonly called a "BOP" contains
many of the insurance coverages needed by most small businesses. While these
policies are not standard, there is great variation from insurance company
to insurance company; there are certain common elements. The basic BOP offers
business property both building and contents, and liability insurance protection
for the operation of your business. This liability protection will generally
include both the operation of your business, at its established location, and
the liability from your products or completed operations.
Some, but not all of the policies, will also offer business income and extra
expense protection after an insured loss. BOP policies do not contain all of
the coverages needed by a small business. Notably they do not cover any workers
compensation, professional liability, or business vehicle coverage.
Business Owners Package Insurance Quote
Business Interruption
If your business suffers a property loss it could cause the business to slow or close down while repairs are made. This may mean a complete or partial revenue loss depending on the time frame and the damage. From the time the loss occurs until your business is running again, insurance can replace your lost profits, and provide a source of money to pay your necessary continuing expenses, like rent, payroll, taxes, etc.
Please contact us for a quote.
Commercial General
Determining the appropriate type and amount of insurance coverage for your business is a delicate balancing act. A commercial insurance agent with the right knowledge and experience in your industry can help you identify risk exposure and suggest strategies to mitigate your risk, whether it is through insurance, loss control techniques or other risk management alternatives.
Please contact us for a quote.
Commercial Property
Commercial Property protects your business against the loss or loss of use of company property. "Property" can include a variety of types: lost income or business interruption, buildings, computers, money, and valuable papers.
Please contact us for a quote.
Commercial Umbrella
Most package policies provide a liability insurance limit of $1 million for any one loss and $2 million in any one year. For many businesses, this limit is inadequate for real economic security. As a result, additional layers of protection in million-dollar increments are readily available in today's insurance market for most businesses.
Please contact us for a quote.
Contractor's General Liability
Exceptional primary general liability and umbrella cover can be provided for virtually any type of contractor—from commercial drywall contractors to electricians.
Please contact us for a quote.
Employment Practices Liability (EPLI)
Employment Practices Liability Insurance otherwise known as EPLI is insurance that helps protect you against claims from your employees that result from the general conduct of your business. Common examples of employee related claims include claims relating to:
- Discrimination
- Wrongful Discharge
- Sexual Harassment
- Hostile Working Environment
- Wrongful Termination
- Lack of Advancement
Please contact us for a quote.
General Liability
Normally, it is difficult for businesses or general contractors to work without
general insurance. General liability insurance is intended to guard operators
and owners of companies from claims that may come from a broad spectrum of
sources. These exposures could be just about anything, including liability
engendered by accidents from the operations of the insured party, contractual
liability, products manufactured by the insured party, etc.
The liability you select, whether it is one, two, or three million dollars, determines the cost of general liability insurance. Also factored into the rates are the kind of work undertaken, gross receipts and total payroll expenses. Similar to auto insurance, when it comes to general liability insurance, you will first have to make a down payment and then follow it up with installments. Before buying general liability insurance, it is best to compare the quotes available in the market.
It is the business owner's or general contractor’s job to make sure that the people working under him/her are covered by an insurance policy. If for example, a person who is not a part of the project gets injured, the injured person’s lawyer can target just about anyone involved in the project. The more individuals that are involved, the greater the chances of a successful lawsuit.
Please contact us for a quote.
Hotel / Motel Hospitality Insurance
Running a hotel in today's competitive environment is a big challenge. Getting the proper business insurance at a reasonable price can be frustrating and time consuming.
The Arra Insurance Agency offers specialty insurance programs designed specifically for hospitality industry. Protection that goes beyond the industry standard forms used by many insurance companies.
Please contact us for a quote.
Liquor Liability
Liquor Liability Insurance is designed to provide liability insurance protection for those businesses who manufacture, distribute, or sell liquor. You need liquor liability insurance if you sell liquor and your business is a:
Please contact us for a quote.
Product Liability
Product liability insurance protects you in case a product you produce or provide causes harm to a user or a user's property. A "product" is anything that is tangibly used, touched, or consumed. This type of insurance is recommended for every business that manufactures a product, but is especially important for companies that produce food, clothing, toys or anything else that could conceivably cause harm to someone.
Most business owner's policies include limited product liability coverage. If, for some reason, you do not have this coverage through a business owner's policy and your product runs the risk of inflicting harm on other people, you may need to buy product liability separately. Similarly, if your product presents a higher risk of injury (for example, it contains a hazardous material), you may need to purchase additional coverage.
Please contact us for a quote.
Professional Liability (Errors & Omissions)
Errors and Omissions insurance, also sometimes referred to as professional liability, is insurance to protect you and your company in the event a client alleges they have suffered a financial loss as a result of an error or an omission committed by you in the delivery of your professional services. Professional liability coverage is separate from a General Liability (GL) policy which would cover you mainly for bodily injury or property damage liability.
Professional Liability Insurance Quote
Property Liability
The general or public liability policy provides protection for claims of liability that are made by third parties. The policy provides defense protection even if the allegations are groundless. In addition the policy will pay any judgment up to the policy limit of coverage.
Please contact us for a quote.
Restaurant
The right restaurant business insurance coverage for restaurant owners. Your customers expect a great experience, and you know how to deliver. It isn’t easy - even before you consider all of the risks.
Whether you run a small cafe or a national chain, you could be held liable
for anything from contaminated or spoiled food to spilled coffee. That’s
why you deserve an insurance company with commercial restaurant insurance coverage
specifically designed for the risks you face.
Eligible classes include, but are not limited to...
Surety Bonds
We work with many of the country's top-rated surety companies to secure:
- Contract Payment and Performance Bonds
- Fidelity Bonds on Employees
- Code Compliance Bonds
- Judicial and Court Bonds, including estate guardianship and repletion bonds
- Professional Service Bonds
Please contact us for a quote.
Workers' Compensation
Workers' Compensation insurance protects employers from claims resulting from injuries to employees. It protects your business from lawsuits and provides employees with compensation for on-the-job injuries.
By law, most employers are required to provide coverage for lost wages and medical bills incurred as a result of on-the-job accidents or illnesses. For many businesses, this coverage is the largest part of its insurance expense.