COMMERCIAL INSURANCE
Protection for What You Worked to Build
Running a business means taking risks.
Commercial insurance is designed to help protect your company from the financial consequences of accidents, property damage, lawsuits, employee injuries, interruptions and other unexpected events.
The Newton Agency can help you identify the risks your business faces, understand the different types of commercial coverage available and build protection around the way your business actually operates.
Navigate with confidence
Protection built around your business.
UNDERSTANDING COMMERCIAL INSURANCE
What Does Business Insurance Cover?
There isn’t one single policy that protects every business from every risk.
Commercial insurance is typically made up of several different types of coverage, each designed to protect a different part of your operation.
Your needs may depend on:
- Your industry
- Your location
- Your property
- Your employees
- Your vehicles
- Your equipment
- Your customers
- Your contracts and the services you provide
Good business coverage starts with understanding where your risks are.
CORE TYPES OF COMMERCIAL COVERAGE
Protection for the Risks Businesses Face Every Day
01 — General Liability Insurance
Protection against common third-party claims.
General Liability insurance can help protect your business when someone claims that your company caused bodily injury, property damage or certain other covered losses.
It may help with qualifying:
- Customer injuries
- Property damage claims
- Legal defense costs
- Settlements or judgments
- Certain advertising-related claims
For many businesses, General Liability is one of the foundations of commercial insurance.
02 — Commercial Property Insurance
Protection for the physical assets your business depends on.
Commercial Property insurance can help protect property your business owns or uses when it is damaged by a covered cause of loss.
That may include:
- Buildings
- Furniture
- Inventory
- Equipment
- Computers
- Tools
- Fixtures
- Supplies
Coverage varies based on your policy, property and type of business.
03 — Business Income Coverage
Help keep your business moving after a covered loss.
Property damage doesn’t only create repair costs.
It can also interrupt your ability to operate.
Business Income coverage, sometimes called Business Interruption coverage, may help replace qualifying lost income and pay certain continuing expenses when a covered property loss temporarily prevents normal business operations.
Depending on the policy, that may help with expenses such as:
- Payroll
- Rent
- Utilities
- Certain operating expenses
- Temporary relocation costs
ADDITIONAL COMMERCIAL COVERAGE
Common Business Coverages
Cyber Liability Insurance
Protection for digital risks.
A cyber incident can create expenses involving customer information, data recovery, notifications, legal assistance and business interruption.
Cyber coverage may help with qualifying costs associated with certain cyberattacks and data breaches.
Commercial Umbrella Insurance
Additional liability protection above certain underlying limits.
A serious accident or lawsuit can exceed the limits of a primary liability policy.
Commercial Umbrella coverage may provide additional liability limits above certain qualifying underlying policies.
Employment Practices Liability
Protection involving certain employment-related claims.
Employment Practices Liability Insurance — often called EPLI — may help protect a business against certain claims involving issues such as:
- Discrimination
- Harassment
- Wrongful termination
- Certain employment-related allegations
Coverage terms and exclusions vary.
Crime Coverage
Protection against certain theft and fraud losses.
Commercial Crime insurance may provide protection from certain losses involving:
- Employee theft
- Forgery
- Fraud
- Certain stolen property
- Other qualifying dishonest acts
Product Liability
Protection involving products your business sells or makes.
Businesses that manufacture, distribute or sell products can face claims alleging that a product caused injury or property damage.
Appropriate liability coverage can be an important part of protecting those businesses.
Commercial Flood Insurance
Flooding is often a separate risk.
Standard commercial property policies generally do not automatically cover flood damage.
Businesses with buildings, equipment or inventory vulnerable to flooding may want to consider separate flood protection.
QUESTIONS WORTH ASKING
Does Your Current Coverage Still Match Your Business?
Ask yourself:
- What would happen if my business couldn’t operate for several months?
- Would my equipment be covered away from my location?
- Are my business vehicles insured correctly?
- What happens if a customer is injured?
- What happens if an employee is hurt?
- Would a cyberattack be covered?
- Do my liability limits still make sense?
- Have I added new employees, equipment or services?
- Do my contracts require specific insurance limits?
If you don’t know the answers, that’s a good reason to review your coverage.
Clear Explanations
Insurance language translated into understandable terms.
Personal Guidance
Help based on your business and services.
Coverage That Makes Sense
Understand what you’re buying and why it matters.
Coverage availability, limits, deductibles, exclusions and terms vary by policy and state. This page is intended as general information and is not a statement of coverage.
THE NEWTON AGENCY
Let’s Protect the Business You’ve Built.
You don’t need to know what type of commercial insurance you need before you call.
Tell us about the people who depend on you, the responsibilities you want to protect and what you’re hoping your coverage will accomplish.
We’ll help you start from there.
Serving Cheshire and communities throughout Connecticut.