A business owner has many responsibilities that aren’t always apparent including managing employees, sales & marketing, managing inventory, accounting, and taxes. Regardless of how on top of it you are, and how successful you’ve been, your business is still exposed to a laundry list of potential accidents or lawsuits. Should the unfortunate happen, your business and everything you’ve built, could be gone in an instant should a simple mistake, like a gap in insurance coverage, set it back financially.
Homewood Insurance understands the Madison business community and has protected small businesses throughout the area for 25 years. From local shops and restaurants, to electricians and landscapers, we offer insurance policies from trusted companies for businesses of all kind. If you’re looking to update your current plan, are just starting your business and need to know your options, or simply want to learn more, we’re ready to talk. We’ll take the time to discuss your commercial insurance needs and provide you with a policy that helps protect you and your business.
Commercial Insurance Risks
Commercial insurance policies protect local Madison businesses every day. Consider the scenarios below.
Your employee takes the company truck out for a job and hits a deer. Significant damage is done to the truck.
Chances are your employee’s personal auto policy won’t cover it. Your personal auto policy won’t either. Whether you have a single company truck or a fleet of vehicles, we offer coverage for all your commercial auto needs. In this case, if you have a commercial auto policy, its comprehensive coverage would likely cover the costs associated with repairing or replacing the vehicle. Similar to personal auto policies, commercial policies typically offer comprehensive, collision, bodily injury and property liability, roadside assistance, and more.
You just washed the floors at your shop, they’re still wet, and a customer slips and falls. You didn’t have proper signage alerting them of the wet floors and they injure their back. Next thing you know, they file a lawsuit against you.
Your company’s commercial general liability coverage would likely kick in and help cover the customer’s medical bills and defense costs that you are responsible for. We’ll address your company’s risks and determine the proper coverage for your business needs.
A vehicle loses control and crashes into your warehouse, damaging the building, your inventory, and supplies.
If you carry commercial property coverage, it will likely help pay for the damage to your facility, as well as replacing your inventory, and repairing your supplies. We’ll help you determine the appropriate amount of coverage based on your building, inventory, supplies, tools, and more.
Save With a Business Owner Package (BOP)
A business owner package, or BOP, conveniently bundles multiple commercial insurance policies into one convenient package. Oftentimes, business owners save significantly with the packages and find it simpler to manage their business knowing all their policies are in one place. We’ll help you determine if a BOP is right for your business.
We know insurance, we know Wisconsin, and we want to get to know you. Schedule an appointment for a one-on-one meeting where we will assess your unique insurance needs. You’ll leave knowing you’re in good hands with an agency that’s on your side.