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Payne Financial Group, Inc. recognizes the importance of providing entrepreneurial businesses with specialized service. Businesses like yours often require owners to wear many hats and fill many roles. You need to be able to rely on your insurance agent to provide you with exceptional knowledge, service and products. With your needs in mind Payne Financial Group, Inc. created the Select Business Division (SBD) to give you specialized attention. Our professional Account Executives are familiar with the unique needs of your dynamic and changing business and have developed key relationships with partner carriers allowing us to provide you with needed coverage and outstanding service.
For more information, contact Stacy Juelfs at 800-482-8911 or utilize the quote tab at the bottom of this page.
BUSINESSOWNERS POLICY
Applies the "homeowners" approach to packaging insurance for eligible risks in this category, whereby the selection of an amount of insurance on building and/or contents automatically includes a broad range of additional coverages, including business income insurance, on an actual loss sustained basis, and business liability insurance. Building coverage, personal property coverage and business income coverage are written without being subject to a coinsurance clause. Property coverage is on a replacement cost basis as long as at least 80% of the value of the structure is maintained at the time of loss. This package, designed for small and medium size operations, offers the convenience of comprehensive protection for an indivisible premium, determined by the amount of property coverage provided.
The Businessowners Package Insurance Policy Covers:
- your buildings
- business personal property
- business income and extra expense
- liability
ADDITIONAL COVERAGES TO CONSIDER:
AUTOMOBILE LIABILITY
Insures against loss through legal liability for bodily injury or property damage, caused by accident, and arising out of the ownership, maintenance, or use of motor vehicles. Medical payments coverage is an optional inclusion.
AUTOMOBILE PHYSICAL DAMAGE
Insures operator's motor vehicles from physical damage from fire, theft and other causes of loss, including glass breakage and collision.
WORKERS COMPENSATION
Insures against claims for work-related injuries or diseases, suffered by employees, that are compensable by statute and/or are imposed by law as damages.
DIRECTORS & OFFICERS LIABILITY
Insures corporate directors and officers against claims, usually by stockholders, alleging loss arising from mismanagement.
PROFESSIONAL LIABILITY
Professional people have increasingly been subject to third-party claims alleging bodily injury or property damage arising from the rendering of professional service. Such claims are based on malpractice, error, or mistake in the performance of professional duties. The several forms of protection against these claims are variously called professional liability insurance, errors and omissions insurance or malpractice insurance.
EMPLOYEE BENEFITS LIABILITY
Covers the cost to employees that result from incorrect information provided regarding their employee benefits. This DOES NOT INCLUDE fiduciary responsibilities or any discrimination or harassment situations. A simple example is not providing the employee with the appropriate COBRA information following termination that results in the ex-employee losing benefits. Coverage is provided either with a separate coverage part or as an endorsement to the General Liability policy.
EMPLOYMENT PRACTICES LIABILITY
Employment -Related Practices Liability policies provide liability coverage to employers for certain employment practices that lead to allegations of wrongful termination, discrimination or sexual harassment. Such coverage is excluded in standard CGL policies, excess liability, employers liability and D & O liability insurance. Interest in the coverage has increased because of the enactment of federal civil rights laws and the passage of the American with Disabilities Act, and increases in litigation by employees.
UMBRELLA LIABILITY
A form of liability insurance protecting policyholders for claims in excess of the limits of their primary automobile, general liability and workers compensation policies, and for some (few) claims excluded by their primary policies which are subject to a deductible,
PARTNER CARRIERS
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