Insurance

Known as “General Liability,” General Liability Insurance is exactly what it sounds like: a broad type of policy that covers the general liability exposures a business might face during its normal day-to-day operations. This is required to have an Oregon Construction Contractors Board (CCB) and Oregon Landscaper Contractors Board (LCB) in Oregon.

General liability insurance can help protect you from unexpected expenses related to many of the most common types of accidents that can affect your business and lead to lawsuits

• Legal Fees & Defense Costs
• Reputation Damage
• Marketing Injury

This is often add-on insurance to your General Liability Insurance Policy to help cover the cost to repair or replacement:

• Computers you use to run your business
• Accounts receivable and other valuable documents
• Outdoor landscaping, like fences

Workers Compensation pays for medical care and the physical rehabilitation of employees injured at work and helps to replace lost wages while they are unable to work. In most cases, this type of coverage also protects an employer from lawsuits from injured employees.

A proper workers’ compensation Risk Management Plan results in more confident and secure employees, more productive workplaces, and even savings that your business could see on the bottom line.

If your employees are using their own vehicles on the job, you should consider workers’ compensation insurance to make sure you’re protected against incidents that could arise.
Workers Compensation can cover a broad range of services and cases, including:

• Death – provides a death benefit to the surviving spouse and minor children of a worker who is killed on the job
• Legal staff who are required in association with an injury sustained on the job

Inland marine insurance preserves the value of a product over and above what traditional insurance may not cover while it’s being transported. Whether your business needs ongoing coverage or a policy to safeguard a one-time transit of goods.
Inland marine insurance can mitigate the risk in several situations, including:

• Coverage of fine arts or exhibition equipment as a one-time event

Your business needs commercial auto insurance if it owns, or leases vehicles titled in the name of the business.

Commercial auto insurance is a flexible type of insurance that can cover multiple vehicle types and even some types of motorized equipment. It includes coverage for both bodily injury and property damage while operating a company vehicle. It also provides medical payments (also known as Personal Injury Protection, or PIP) for both the driver and passengers of the policyholder’s car.

Hired/Non-owned Auto Liability

If you’re renting cars or your employees are using their own vehicles, this type of coverage might be right for you. It protects against liabilities that can result from the use of a rented/leased vehicle, or a non-owned vehicle (for example, when an employee uses their own vehicle while on the job).
You can often add this type of coverage very affordably to a business auto insurance policy; you can also occasionally add it to a general liability policy.

Using Personal Vehicles

It’s important to know that personal insurance policies for privately-owned vehicles (such as your family car) may not cover damage to that vehicle when it’s used for business, regardless of the type of business. A commercial auto insurance policy can help ensure your business has the coverage it needs.

Who needs commercial auto insurance?

If you are a business owner, you may need commercial auto insurance for vehicles owned, leased, or titled in your personal name if the vehicle is:

• A dump truck, box truck, other large truck, or a cargo or work van
• Mobile equipment such as a backhoe or crane that can be driven on public roads

A Commercial Umbrella Insurance policy is a type of liability insurance that provides additional coverage above and beyond the limits of other liability policies, such as a general liability or auto liability policy. It acts as a “second layer” of protection, covering losses that exceed the limits of the underlying policies. This type of coverage is often used by businesses to protect against large and potentially financially devastating claims or lawsuits. It typically covers a wide range of liability exposures, including those arising from accidents, errors, and omissions.

A contractor may consider purchasing a commercial umbrella insurance policy for a few reasons:

1. To provide an additional layer of protection against large and potentially financially devastating claims or lawsuits.
2. Many large commercial or government projects may require contractors to have a certain level of liability coverage as a condition of being awarded the contract.
3. It can also protect a contractor’s personal assets in the event of a lawsuit. Without an umbrella policy, a contractor’s personal assets may be at risk if the damages awarded in a lawsuit exceed the limits of their liability policy.

They typically do not cover:

• Professional services or malpractice.
• Pollution or environmental damage.
• Criminal or fraudulent activities.
• War or acts of war.
• Breach of contract or warranty.
• Use of owned aircraft or watercraft.
• Use of owned equipment.

There are many types of surety bonds, including, but not limited to:

• Home Inspector
• Landscaper Contractor
• Residential Contractor

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It is becoming commonplace for contracts to require a cybersecurity program that also includes cyber Insurance before the contractor can bid on the project.

Cyber Insurance coverage protects against:

• Computer fraud
• Cyber extortion

Even with the ability to use HealthCare.gov figuring out what you need for health insurance can be tricky. It’s best to work with a dedicated healthcare insurance professional to understand your options based on your needs.

There are several benefits to offering a Supplemental Insurance program to your workforce.

• Reduce Absenteeism
• Boost Employee Satisfaction
• Use as Recruiting Tool

• Disability insurance
• Hospital indemnity insurance
• Short- and long-term care insurance plans
• Medicare supplement plan or a Medigap plan
• Prescription drug coverage

Insurance Risk Assessment

• Bond Risk
• Umbrella Risk

Insurance Risk Assessment