At Testimony Insurance and Finance, we are committed to addressing the specific Business Insurance needs of small business owners. As a small but successful business, we understand how hectic things can become. That’s why we aim to make getting your business coverage effortless. Contact us today, and we will gladly provide expert guidance to help you find the right policy tailored to your business needs.
General Liability Insurance
Also known as Commercial General Liability (CGL) insurance, general liability insurance protects your business from third-party claims of bodily injury, medical costs, and property damage. It is essential to shield your business from potential lawsuits and financial losses.
Workers’ Compensation Insurance
Workers’ compensation insurance provides medical, disability, survivor, burial, and rehabilitation benefits to employees who suffer illness, injury, or death due to a work-related incident. Most states require businesses to carry this insurance, making it a crucial component of your business protection strategy.
Professional Liability Insurance
Professional Liability (PL), also known as Errors and Omissions (E&O) insurance, protects your business from claims of negligence, errors, or omissions in the services you provide. This insurance is particularly important for professional service providers who may face legal action due to their work.
Business Owner’s Policy (BOP)
A Business Owner’s Policy (BOP) combines general liability and business property insurance. It covers your business furniture and equipment, as well as third-party claims of bodily injury and associated medical costs. This comprehensive policy is ideal for small businesses seeking extensive coverage.
Surety Bond
A surety bond is a contract among at least three parties: the obligee (the party receiving the obligation), the principal (the primary party performing the contractual obligation), and the surety (the party assuring the obligee that the principal can perform the task). This bond ensures your business meets its contractual obligations.
Cyber Insurance
Cyber insurance is a specialty product designed to safeguard businesses from internet-based risks and threats to information technology infrastructure. This insurance protects your business against data breaches and cybercrimes, such as hacking and stolen information.