Commercial Insurance

Protect Your Business with Our Diverse Insurance Options

We will perform a thorough review of your business risk and analyze the best options for you. Our strategic relationships with the top insurance companies provide a full range of business insurance coverage. Pella is then able to create custom insurance packages that are specific to the unique insurance needs of your company.

Business Policy Coverages

Business Owners Policy

A business owner’s policy, also known as a BOP, offers a broad range of insurance coverage for small businesses- typically for those businesses with fewer than 100 employees and less than $5million in annual sales (though this number may vary based on your business). A business owner’s policy, combines several types of insurance coverage together so you can buy a package of protection with convenience. With a BOP, a business is able to get property insurance, liability insurance, crime cover and much more.

Property Coverage

Having insurance to protect you against loss or damage to your business’ property or loss of income is of the utmost importance. The property used in your business such as the structure you do business in, the contents or the equipment used in your business need to be protected. Property polices pay for the loss or damage to your property.

General Liability Coverage

Businesses may make mistakes, especially if your business is open to the public. There is always the chance your business will be held liable for an injury or error to a customer, visitor or bystander. Liability policies can provide a legal defense to you in case of a claim or lawsuit against you, and help protect you from financial loss from paying damages as a result of being held liable for an error or injury resulting from your business.

General Liability coverage insurance against the payment of damages and legal defense that your business may incur due to liability legally imposed upon your business because of the negligence of the business or its employees including common risks such as customer injuries on your premises or from your completed operations, or from products you sell.

Workers Compensation Coverage

If your business has employees, Workers Compensation insurance will be mandatory. Workers Compensation insurance covers you for an employee’s on-the-job injuries. Workers Compensation is an exclusive remedy system in which employers participate that provides payment to the injured employee for medical bills and compensations for on-the-job-injuries, in return for a statutory prohibition against the employee suing their employer for those on-the-job injuries.

Umbrella Business Coverage

An umbrella policy provides additional coverage when the limits of insurance on a scheduled underlying policy are exceeded. For instance, if you have $1,000,000 coverage under a primary, scheduled General Liability policy and you have a claim settlement for $1,500,000, the umbrella policy would provide the additional amount over the $1,000,000 settlement up to the Umbrella policy limit for a covered loss. Umbrella Liability policies add excess limits to General Liability, Commercial Auto Liability, and Employer’s Liability for a single premium.

Inland Marine Coverage

Inland Marine provides coverage for businesses that have property that is mobile in nature or requires unique valuation that is part of the business. Some examples of property that can be covered are related to construction, transportation, fine art (ex. collectibles, galleries, and museums), communications or photography.

Business Automobile Coverage

If your business owns or uses motor vehicles or mobile equipment that is required by your state to be insured for minimum financial responsibility, then you need a commercial auto policy. Commercial Auto coverage insures against property damage to vehicles you own or hire, and against liability for bodily injury and property damage caused to others by your use of the insured vehicles. It is important to know the difference between a Personal Automobile policy and a Commercial Automobile policy. Your Personal Automobile policy usually does NOT cover vehicles used in the operation of your business.

Tips for Business Owners

  • Include Umbrella (excess liability) coverage for your business.
  • If you have employees, consider carrying employee Benefits Liability coverage.
  • Increase your insurance coverage appropriately as your business grows.
  • Don’t go “under covered” (under-insured) in any category of insurable and significant risk.
  • Don’t fail to recognize regular employees as employees as opposed to contract workers.
  • Use a special form of business property insurance.
  • Don’t overlook ongoing employee training or maintaining workplace safety.
  • Don’t feel that you can’t afford insurance. You can’t afford not to have it.
  • Maintain a clean and safe environment in your workplace.
  • Don’t deal with contractors who cannot furnish current insurance certificates.
  • Don’t permit your insurance policies to lapse for non-payment of premiums.
  • Don’t withhold information from your insurance provider or fail to give the provider a complete picture of your risks.
We are here to help protect what is important to you! For more information on how to protect your business.