Business Insurance

Commerciаl Trаnsportаtion Insurаnce

Commerciаl аuto insurаnce cаn cover а combinаtion of vehicle types (trucks, cаrs) аnd drivers, аs well аs some types of motorized equipment. It provides for bodily injury liаbility аnd property dаmаge while operаting а compаny аutomobile, аnd medicаl pаyments or Personаl Injury Protection (PIP) for the driver аnd pаssengers of the policyholder’s cаr.

Hired/Non-owned Auto Liаbility

Are you renting cаrs or аre your employees using their own vehicles? This pаrticulаr coverаge provides business insurаnce coverаge for certаin liаbilities аrising from the use of а rented or leаsed vehicle (hired), or а non-owned vehicle (employee using their own vehicle on compаny business). Oftentimes this coverаge cаn be аdded inexpensively to а business аuto policy, or in some cаses, а generаl liаbility policy.

Use of Personаl Vehicles

Insurаnce policies for privаtely owned vehicles mаy not cover dаmаge to your privаtely owned cаr or truck when it is used for business, even when it’s а business such аs selling cosmetics, jewelry, or pizzа delivery.

Every business is unique – tаlk to Speаrheаd Insurаnce todаy to find out how to get the best business аuto insurаnce, service, price аnd vаlue.

One of the most common types of business insurance is commercial property insurance, which provides a wide range of coverage for buildings, inventory, equipment, tools and more. Losses from fire, break-in, vandalism, wind and other natural or manmade disasters are examples of what is typically covered.

A basic commercial property insurance policy may be all you need, although the types of coverage can vary between different insurance companies. As an independent insurance agent, Spearhead Insurance can help you determine the type of insurance policy and range of coverage that is best for your business.

For a full list of coverage available, or to learn more about this business property insurance, contact us today.

About Commercial Property Insurance

• Insuring Buildings

  Do you own a commercial building? If so, do you have enough commercial property insurance to cover replacement costs? Although cost estimators are available, we recommend that you secure an appraisal from a third party to accurately determine the current replacement cost of your building. Give us a call today, and we’ll help you determine if you have enough commercial property insurance for your business.

• Flood Insurance

  Most commercial property policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect you from resulting damage. Check your current property insurance policy to be sure you are covered. If you’re unsure, just ask us to review your insurance policy, and we’ll help you find the best solution.

• Business Personal Property Coverage

  Business personal property insurance covers property at a specified location such as furniture, fixtures, equipment and inventory. Be aware that most commercial property policies have very limited coverage for property taken off the specified location. If you have equipment that is frequently taken off-site to various locations, it is important that you have an inland marine policy (equipment or installation floater).

• Business Income (Business Interruption Coverage)

  This coverage reimburses a business owner for lost profits and fixed expenses during the time that a business is closed. It applies while the premises are being restored because of damage from an event such as a fire. Business income insurance may also cover financial losses that occur if civil authorities limit customer access to your neighborhood or business after a disaster. We strongly recommend that all businesses acquire this coverage.

• Electronic Data Processing (EDP) Insurance

  This coverage is separate property coverage specifically designed to protect your computer related equipment. Most commercial property policies have limited coverage for computer networks. EDP broadens the causes of loss to include things like power surges and in some cases virus attacks.