Commercial Insurance

Complex businesses need simple solutions. The Crawford Insurance Group is an industry leader in the commercial market. We set the standard in business protection offering coverage specific to your industry to provide the protection that’s right for you. Your unique business needs are our specialty. Our risk management experts provide the business insurance solutions you need to build a secure financial future.

Business Personal Property Insurance protects the assets your business owns, including the building and equipment, from damage. To determine how much property or contents coverage you will need, you can start by creating an itemized list of your business assets and their individual dollar values. Ask yourself, if this equipment was stolen would I be able to afford to replace it? By doing so you can determine which assets are necessary to insure. 

Keep in mind that even if you run a home based business, you will need to protect your business assets as your homeowner’s policy will not provide coverage for business equipment.

General liability insurance protects your business from liability arising from negligence that may cause injury to others, such as a customer. It also protects your company if someone is injured as a result of using your product or service. When you consider that the multitude of legal expenses from a single lawsuit could drive your business into bankruptcy you’ll see that general liability insurance is considered a must have.

There are a few other types of liability insurance to consider for certain professionals. If you sell manufactured or assembled goods, be sure to check whether your general liability insurance policy covers product liability. If it does not, you will want to add this liability coverage to your package. For professionals such as doctor, lawyer, architect, computer consultant or realtor consider carrying professional liability insurance ranging from malpractice to errors and omissions.

Worker’s Compensation insurance is mandatory in the state of Michigan. Even if you are running a small business, you need to have worker’s compensation insurance in place. This type of insurance protects your employees if they are injured on the job. It provides for lost wages and medical payments for injuries sustained on the job.

Sole proprietors or business owners may exclude themselves from worker’s compensation, but you should look to have some type of disability insurance in place in the event that you injure yourself at work.

A bond is designed to guarantee a principal’s integrity and honesty, performance and financial responsibility, as well as compliance with a law or contract. There are many types of commercial bonds and our commercial department has the expertise to help you find the one you need.

Some of the commercial bonds we provide include:

• Contract Performance and Payment Bonds – Contract bonds are used to guarantee that a contractor will abide by the specifications of a construction contract. We specialize in serving the needs of small to medium-sized contractors such as electricians, carpenters, masons, plumbers and landscapers. We offer several types of contracts bonds: bid bonds, performance bonds, payments, maintenance bonds.
• Commercial Surety – Commercial surety bonds are generally required by state laws and statutes and ensure contractors follow governmental rules and regulations. We offer a wide range of surety bonds to satisfy your needs from license and permit bonds, notary bonds and probate bonds.
• Fidelity and Dishonesty – Most businesses feel their assets are secure, however, employee theft can and does occur. When your safeguards are not enough, we offer business service, employee dishonesty and ERISA bonds to protect against employee theft.

Having a business succession plan in place can help to ensure the orderly transition of a business along with operations in the event of the retirement, death or disability of one of the partners. Without the proper planning in place, these situations can result in significant business interruptions or even the forced sale of the business.

Key Man Life Insurance
Your company is only as strong as the employees who work for you. Key person insurance is a type of insurance, be it life, health or disability that an employer purchases on a key person(s) to their organization. This type of insurance protects the employer from financial impact should the key person become ill, disabled, or die. The employee will typically have a set of special skills, training, or management that would significantly impact the business should the employee become unavailable.

Disability Insurance
Disability insurance protects both you and your employees from a short or long-term disability. Most people are not prepared to cover their daily living expenses, let alone, financial obligations, if a disability would prevent them from working. Our experienced advisors can help you find the right disability plan to benefit everyone involved.

Buy/Sell Agreement
A buy/sell agreement offers peace of mind to employers knowing that their business is in good hands should they no longer be able to manage it. Having a buy/sell agreement in place can prevent problems from arising such as internal turmoil, customer erosion and disruption in revenue flow that could potentially damage your business.

Commercial Auto Insurance is needed if you use your own car for business purposes. Many personal auto policies exclude coverage if the vehicle is used for mainly business purposes. It also provides coverage or autos owned by a business.

Commercial Umbrella Insurance provides coverage over and above your other liability coverage. It is designed to protect against unusually high losses when the policy limits of the underlying policies have been exhausted.

EPLI (Employment Practices Liability Insurance) covers business owners for wrongful termination, discrimination and sexual harassment.

Business Interruption Insurance - Are you prepared if outside forces interrupt your business and cause you to close your doors for a period of time? Business interruption insurance can keep capital flowing in the event of disruptions such as fire, hail, wind storm, vandalism or equipment damage.

60% of small businesses close their doors within 6 months following a cyber attack. The risk associated with cyber liability has become more prominent in recent years. As businesses become more reliant on electronic communication and electronic data collection and storage, cyber attacks are becoming more frequent. Most standard commercial lines policies do not afford coverage for cyber risks. To cover the unique risks of cyber liability, you need protection against the devastating effects a cyber attack can have on your business from a financial and reputation standpoint.

Cyber Advantage - Insurance for Businesses

 

The Crawford Insurance Group understands that your employees are your greatest asset and we can help meet their needs. With our assistance, you can better manage employee costs while attracting and retaining the best talent and promoting employee satisfaction. Our Agency offers a superior assortment of proprietary products and services to help you customize an exclusive benefit plan to meet the needs of your staff. Visit our Employee Benefits page for more information.