Commercial Auto
Commercial auto insurance protects a company’s vehicles. You can protect vehicles that carry employees, products or equipment. Commercial auto policies insure businesses against losses resulting from accidents involving their vehicles used while engaged in company business.
Package Policy
A Package policy combines several coverages into a one policy, often at a lower total cost than when written separately. A package policy consists of a combination of property, general liability, inland marine and/or crime coverages.
Property
Commercial property coverage insurance protects your buildings, personal property and loss of income that is a result damage to your property. These coverages can be written as stand-alone policies or as part of your package policy.
Theft/Crime
Crime coverage is usually written as part of a package policy and covers:
Inland Marine
inland marine is coverage that protects property that is moveable in nature and normally requires broader coverage than is typically provided by a property policy. Coverages may include:
General Liability
General liability protects the insured, insured’s business, and the insured’s employees from claims involving bodily injury or property damage. These may include coverages for:
Workers’ Compensation
Workers' compensation insurance (workers' comp insurance covers medical costs and a portion of lost wages for an employee who becomes injured or ill on the job in exchange for mandatory relinquishment of the employee’s ability to sue their employer.
Workers’ compensation can pay hospital and medical expenses that are necessary to diagnose and treat your injury. But it also provides disability payments while you are unable to work (which is typically about two-thirds of your regular salary).
Workers' compensation insurance typically only covers injuries or illnesses when they occur as a result of duties performed on the job or while at work. Examples of injuries that may be covered by workers' comp include injuries caused by lifting heavy equipment, slipping on a wet or oily surface, or sustaining injury due to fires or explosions.
Most state workers' compensation insurance programs do not provide coverage for injuries that occur while an employee is not acting within the scope of employment - such as snow skiing on your day off.
Commercial Umbrella Policies
Commercial umbrella policies are designed to protect against large scale claims. It kicks in after the primary insurance policy has been exhausted. This is a very important policy, often overlooked protection.
Example: A customer trips on your entry floor mat. The customer falls and hits their head on the tile floor, causing multiple fractures and broken bones, as well as months of rehabilitation and eventually walking with a cane. The jury finds you 100% responsible and awards the customer $1,500,000. You have $1,000,000 in liability coverage. A commercial umbrella would then cover the additional $500,000 that otherwise your company would financially be responsible for.
E&O or Personal Liability
Errors and Omissions Insurance or Professional Liability Insurance covers your professional mistakes (errors) and the things you overlook (omissions). If you're company is sued over a professional mistake or oversight, this policy can help you pay for legal expenses.
Municipalities:
Municipal and county governments face unique challenges every day. They require specialized coverages for everything from playgrounds, skateboard parks and city planning to street and road management exposures. At Wimberly Agency, we understand public entities and provide flexible, intelligent and competitive solutions to help our customers protect the work they do for the public good.
We offer products and insights to help municipalities and counties identify and protect against potential business disruptions, such as Auto liability & physical damage, general and professional liability, property, workers compensation, and more.
A Package policy combines several coverages into a one policy, often at a lower total cost than when written separately. A package policy consists of a combination of property, general liability, inland marine and/or crime coverages.
Property
Commercial property coverage insurance protects your buildings, personal property and loss of income that is a result damage to your property. These coverages can be written as stand-alone policies or as part of your package policy.
Theft/Crime
Crime coverage is usually written as part of a package policy and covers:
- Employee dishonesty – theft by employees
- Money and securities - theft of money and securities
- Robbery and safe burglary
- Storekeepers burglary and robbery
Inland Marine
inland marine is coverage that protects property that is moveable in nature and normally requires broader coverage than is typically provided by a property policy. Coverages may include:
- Computers/computer systems
- Tools and Equipment for contractors
- Equipment floaters (property that is moved from place to place)
- Builders risk
- Property in transit
- Animals
General Liability
General liability protects the insured, insured’s business, and the insured’s employees from claims involving bodily injury or property damage. These may include coverages for:
- Liquor liability
- Advertising injury
- Lawsuits, investigations and settlements expenses
Workers’ Compensation
Workers' compensation insurance (workers' comp insurance covers medical costs and a portion of lost wages for an employee who becomes injured or ill on the job in exchange for mandatory relinquishment of the employee’s ability to sue their employer.
Workers’ compensation can pay hospital and medical expenses that are necessary to diagnose and treat your injury. But it also provides disability payments while you are unable to work (which is typically about two-thirds of your regular salary).
Workers' compensation insurance typically only covers injuries or illnesses when they occur as a result of duties performed on the job or while at work. Examples of injuries that may be covered by workers' comp include injuries caused by lifting heavy equipment, slipping on a wet or oily surface, or sustaining injury due to fires or explosions.
Most state workers' compensation insurance programs do not provide coverage for injuries that occur while an employee is not acting within the scope of employment - such as snow skiing on your day off.
Commercial Umbrella Policies
Commercial umbrella policies are designed to protect against large scale claims. It kicks in after the primary insurance policy has been exhausted. This is a very important policy, often overlooked protection.
Example: A customer trips on your entry floor mat. The customer falls and hits their head on the tile floor, causing multiple fractures and broken bones, as well as months of rehabilitation and eventually walking with a cane. The jury finds you 100% responsible and awards the customer $1,500,000. You have $1,000,000 in liability coverage. A commercial umbrella would then cover the additional $500,000 that otherwise your company would financially be responsible for.
E&O or Personal Liability
Errors and Omissions Insurance or Professional Liability Insurance covers your professional mistakes (errors) and the things you overlook (omissions). If you're company is sued over a professional mistake or oversight, this policy can help you pay for legal expenses.
Municipalities:
Municipal and county governments face unique challenges every day. They require specialized coverages for everything from playgrounds, skateboard parks and city planning to street and road management exposures. At Wimberly Agency, we understand public entities and provide flexible, intelligent and competitive solutions to help our customers protect the work they do for the public good.
We offer products and insights to help municipalities and counties identify and protect against potential business disruptions, such as Auto liability & physical damage, general and professional liability, property, workers compensation, and more.
Types of Coverage:
Comprehensive:
If you want to protect your commercial vehicle, then you should choose Comprehensive insurance. Comprehensive insurance protects your vehicle from almost everything except a collision. Comprehensive insurance typically is complemented by Collision insurance, which protects your vehicle in case of a collision. If your vehicle is leased, then you probably are required to have Comprehensive insurance. If your vehicle is fully paid for, this insurance is optional.
Not all vehicles are eligible for Comprehensive insurance in all states. For these vehicles, we offer Fire and Theft with Combined Additional Coverage, which is a form of limited Comprehensive insurance designed especially for heavy trucks, such as semi tractors.
Collision:
In order to protect your commercial vehicle from collisions with other vehicles or objects, you should choose Collision insurance. Collision coverage pays for damage to your vehicle, including a total loss, in case of a collision. Collision coverage is always sold with either Comprehensive insurance, which protects your vehicle in non-collision incidents, such as theft or vandalism, or Fire and Theft with CAC, which is a more limited form of Comprehensive insurance designed for specific heavy truck types.
If your vehicle is leased, then you probably are required to have Collision insurance. If your vehicle is fully paid for, Collision coverage is optional.
Liability:
Vehicle liability insurance is the basic insurance coverage that covers injuries or damage to other people or property if you are at fault for an accident. Liability insurance includes Bodily Injury and Property Damage coverage.
If you cause an accident that injures or even kills another person, the Bodily Injury portion of your Liability insurance will pay for the related expenses, such as hospital and medical bills, rehabilitation, long-term nursing care, funeral expenses, lost earnings, pain and suffering, and other expenses, up to the limits you select.
If you cause an accident that damages another person's property, the Property Damage portion of your Liability insurance will pay for the expense to repair or replace damaged items, including other vehicles, lamp posts, houses or even a pet, up to the limits you select.
Liability insurance also will pay for your legal defense costs if you are sued as a result of your involvement with the accident.
Uninsured Motorist:
Also known as Uninsured Motorist Bodily Injury insurance, Uninsured Motorist insurance pays for injuries, such as medical expenses, that result from an accident caused by a driver who is uninsured. This coverage also protects you and your passengers if struck by a hit-and-run driver. Covered expenses for you and your passengers include medical bills, lost wages, and pain and suffering.
Rental and Towing:
Rental car reimbursement coverage typically helps pay for rental car costs when your commercial vehicle’s damages are covered by your comprehensive and collision coverages. For example, you may need to rent a car if your own car has been damaged in an accident, severe weather, or by an act of theft or vandalism.
Towing and labor coverage typically pays the cost of towing your vehicle to a repair shop when it is unable to be driven and covers a specified amount of necessary labor charges at the place of breakdown. The coverages and limits are different for each carrier that offers towing and labor coverage.
Comprehensive:
If you want to protect your commercial vehicle, then you should choose Comprehensive insurance. Comprehensive insurance protects your vehicle from almost everything except a collision. Comprehensive insurance typically is complemented by Collision insurance, which protects your vehicle in case of a collision. If your vehicle is leased, then you probably are required to have Comprehensive insurance. If your vehicle is fully paid for, this insurance is optional.
Not all vehicles are eligible for Comprehensive insurance in all states. For these vehicles, we offer Fire and Theft with Combined Additional Coverage, which is a form of limited Comprehensive insurance designed especially for heavy trucks, such as semi tractors.
Collision:
In order to protect your commercial vehicle from collisions with other vehicles or objects, you should choose Collision insurance. Collision coverage pays for damage to your vehicle, including a total loss, in case of a collision. Collision coverage is always sold with either Comprehensive insurance, which protects your vehicle in non-collision incidents, such as theft or vandalism, or Fire and Theft with CAC, which is a more limited form of Comprehensive insurance designed for specific heavy truck types.
If your vehicle is leased, then you probably are required to have Collision insurance. If your vehicle is fully paid for, Collision coverage is optional.
Liability:
Vehicle liability insurance is the basic insurance coverage that covers injuries or damage to other people or property if you are at fault for an accident. Liability insurance includes Bodily Injury and Property Damage coverage.
If you cause an accident that injures or even kills another person, the Bodily Injury portion of your Liability insurance will pay for the related expenses, such as hospital and medical bills, rehabilitation, long-term nursing care, funeral expenses, lost earnings, pain and suffering, and other expenses, up to the limits you select.
If you cause an accident that damages another person's property, the Property Damage portion of your Liability insurance will pay for the expense to repair or replace damaged items, including other vehicles, lamp posts, houses or even a pet, up to the limits you select.
Liability insurance also will pay for your legal defense costs if you are sued as a result of your involvement with the accident.
Uninsured Motorist:
Also known as Uninsured Motorist Bodily Injury insurance, Uninsured Motorist insurance pays for injuries, such as medical expenses, that result from an accident caused by a driver who is uninsured. This coverage also protects you and your passengers if struck by a hit-and-run driver. Covered expenses for you and your passengers include medical bills, lost wages, and pain and suffering.
Rental and Towing:
Rental car reimbursement coverage typically helps pay for rental car costs when your commercial vehicle’s damages are covered by your comprehensive and collision coverages. For example, you may need to rent a car if your own car has been damaged in an accident, severe weather, or by an act of theft or vandalism.
Towing and labor coverage typically pays the cost of towing your vehicle to a repair shop when it is unable to be driven and covers a specified amount of necessary labor charges at the place of breakdown. The coverages and limits are different for each carrier that offers towing and labor coverage.
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