As we all know, situations that can negatively impact a business’ ability to operate at its best can strike at any time, a fact that makes the Business Benefits Group’s Business Insurance Division’s ability to provide the most sound advice and service such a valuable one. The protection of your assets, and your capacity to exercise the best in risk-management solutions, both make up the core of the services we offer. We can take care of the entire insurance process for you, from implementation, to processing of claims, to renewal.
Gainesville, VA Insurance Broker
The integration of your HR, Benefits and Retirements needs with our Business Insurance Division is an important first step, and allows us to increase your protection through a single-source approach. Threats that could otherwise cause you to close your doors may be avoided with the policy mix that we arm you with. Our status as an independent insurance broker means we have tons of different business insurance solutions available, ones for each type of organization. This goes a long way towards promoting the peace of mind that comes from the knowledge that you are prepared for future eventuality.
Who Needs Business Insurance?
Before you can start to understand exactly what insurance needs your company may have, you must closely scrutinize the industry you are in, to understand what types of risks you may face. Many times, with more difficult and dangerous occupations, these risks are fairly obvious; however, if you operate in an area where danger is less frequent, then you might need to look a bit harder.
While understanding your initial risk is a foregone conclusion with an established business, growth-related issues may pop up that force you to reevaluate the coverage you have. When a company grows, the likelihood of risk may increase to match. The only way to stay on top of potential increases in risk is to regularly evaluate your coverage. Not only does this ensure a safer level of growth, it can even give you access to substantial savings.
There are several important considerations and questions that come when a new business owner explores their options for the first time. These include:
- What will you need to keep property and equipment operating correctly and in compliance?
- Do you have the proper level of protection for both current and future resources and assets?
- What steps do you take to protect your intellectual property and your company’s network?
- What normal business needs does your company have?
- How do you provide service to customers and clients?
- How many people work for you?
- Do any employee duties involve driving or heavy-machine operation?
- Are any harmful or hazardous substances handled by any of your workers?
- Does your company have any executives or officers that face risk?
BBG’s Business Insurance Services and Solutions
No two companies do business in the same exact way, and, as such, each has needs that are unique to their business style. Of course, some basics, such as making money, reducing risk and saving time are applicable across the board for virtually all businesses. Our approach to these constants is to analyze risk from every possible angle, which helps your company achieve their goals most successfully. Services provided by Business Benefits Group’s (BBG) insurance brokers include:
- Commercial Auto Insurance
- DBA Insurance
- Directors and Officers
- Errors and Omissions
- General Liability
- Malpractice Coverage
- Property Coverage
- Request a Certificate of Insurance
- Umbrella Liability Insurance
Commercial Auto Insurance
BBG’s representation of a wide swath of the carriers in the insurance industry makes us able to compare and select the best auto insurance plans for your business. Locating the precise policy can be a headache, so let us do it so you don’t need to.
Part of the Defense Base Act, or DBA, is the mandate that proper insurance coverage for all employees working on overseas contracts for the government has to be obtained. If your company chooses to forgo acquiring at least the minimum amount of coverage, you leave you and your company wide open to all kinds of negative repercussions. These penalties include loss of the government contract, imprisonment, fines and civil judgments related to the injury or death of any employee working for you.
The professionals here at BBG have had quite a bit of experience providing support for contractors that work for different branches of the U.S. Government, most notably for the Department of Labor, or DOL, and the Department of Defense, or DOD. If you want to learn more about DBA policies, please review the informational page for DBA insurance.
Directors and Officers
D&O, or Directors and Officers, is the type of coverage that shields both individual corporate executives and the business as a whole from claims of actual or imagined wrongdoing brought by company employees or customers. With the sharp increase in these types of claims that has been seen in recent years, it has become more likely for even private companies to go for this type of coverage.
In fact, the last several years have turned D&O insurance acquisition into a regular part of acquiring insurance for most companies operating today. Certain individuals are key to the successful operation of your business. D&O is ready and willing to step in if unfortunate and unforeseen circumstances rear their ugly head. For more information on D&O insurance, please visit its dedicated page.
Errors and Omissions
No matter how hard a company and its employees try, costly mistakes, due to employee error, are always going to be a part of the business process. Not only are the price tags that accompany these situations usually quite steep, those involving a defective item or service provided to a customer can open the door to many unwanted issues of liability.
As such, shielding you and your organization from monetary damages awarded due to negligence or mistake must be a top priority. BBG’s highly-trained insurance consultants understand what type of coverage will mitigate these dangers for your business, and help you acquire it. For more information related to Errors and Omissions, please check out its page.
Situations that expose your business to liability that exceeds the limits of your professional liability or auto insurance are the purview of General Liability, or GL, insurance. GL insurance covers a broad spectrum of possibilities. Our insurance professionals have the eye needed to pinpoint the plans your business will need to make sure the coverage is complete. Our mission is to give you relief from work-related anxieties, all while giving you valued savings in time and material resources. More information on GL insurance can be found on its dedicated page.
Many times, working as a medical professional can be almost as demanding as it is rewarding. The primary source of this unwanted aggravation is the medical malpractice claim, which can come in many shapes and sizes. The experienced consultants here at BBG understand these types of claims, and can find the coverage that will help protect you and your unique company, if a claim is filed. Our Malpractice Insurance page has more information on this type of coverage.
No matter in which area or location you do business, the prospect of disaster, such as vandalism, thievery, natural disaster or devastating fires, can wreak havoc with your ability to operate. While predicting the future isn’t exactly an option, the experience possessed by our team allows them to understand the risks you could possibly face, and how to protect you and your company from them. Our Property Coverage page expands on this topic at great length.
Umbrella Liability Insurance
When all of your other types of coverage fall short, including general liability, auto and even GL insurance, the coverage that steps in to head off disaster is Umbrella Liability. Given its status as a last ditch effort type of policy, there is a minimum that must be met for it to kick in. However, your coverage level can be increased if your exposure to different risks increases. Please take a look at our Umbrella Liability Page for more info.
Request a Certificate of Insurance
The single, most-effective method to show proof of insurance is giving a certificate of insurance to the policyholder. If you need more info on how you can obtain one of these certificates, please do not hesitate to give us a ring. This will start the process, after which we will handle it from start to finish.
Meeting all requirements for workers compensation is one of the most serious insurance-related areas you are likely to come across. The outcomes of these claims can be extremely serious and costly, which has prompted our representatives to make sure you understand all the rules and regulations that pertain to your area of business specifically. This translates into the ability to obtain proper coverage at a reasonable rate. If you want to know more, check out our Workers Compensation page.
Benefits of Our Business Insurance Services
Profitability, all while making a worthwhile service available to your customers, is the chief goal of your business, and we stand ready and willing to help you reach it as quickly as possible. Failure to comply with regulations or get proper coverage can cause serious problems that can make you fall short of your business desires. This makes these two areas our top priority, arming you with the most appropriate risk-management solutions and policy coverage that will reduce your level of risk to its minimum.
Protect Your Business
A long list of companies have entrusted us with their insurance needs, a fact that stems from the understanding that their business is our top concern. Once we analyze your business operations fully, we can advise you on which policies are best for you, those that can stem the tide of any negative impacts that could force you to shut your doors.