Business Liability Insurance
Whether you own the building or lease, every small business can be at risk of lawsuits. The professionals at Coastal Insurance Group offers a variety of business property and liability insurance packages, as well as umbrella and special liability solutions, to safeguard your organization from costly legal judgments, settlements, and defense fees.
Business Automobile Insurance
This policy is designed to protect your business in the event one of your company’s automobiles causes an accident or damage. It can cover the vehicle as well as pay for damages to others. Another concern for owners can be employees using their personal vehicles for company business. Ask our professionals about the coverage your company needs.
Own a bar or restaurant? We have access to all the most competitive companies for liquor liability. Did you know if a patron has a drink at your establishment, you can be held responsible for everything they do after they leave? The Alabama ABC Board minimum requirement is $100,000 of coverage. In many cases, this is not enough to cover all damages. Our companies offer several levels of coverage and you’ll be surprised how affordable additional coverage can be. Our professionals can help you decide what is right for your business.
Commercial Real Estate
The commercial real estate investment business can be lucrative, however, this business deals a substantial amount of risk. While property and liability insurance is important and absolutely necessary, there are several other risks that will not be covered with some policies. One of those major risks is the chance of a hurricane destroying your property. Coastal Insurance Group specializes in protection for your commercial buildings.
Business Owners Policy
You can obtain standard coverages with a single property policy or a standalone general liability policy. However, a Business Owners Policy, more commonly referred to as a “BOP,” is a package policy combining property and liability insurance. The Business Owners Policy can also include extra coverages such as business income, equipment breakdown, sign coverage, network security coverage, valuable papers, employment practices, and so much more. These policies are perfect for restaurant owners.
A company’s greatest assets are its employees. They are required to be protected in the event of an accident or injury. This protection is provided through a workers compensation policy. This policy consists of two parts, the first being the employer’s statutory liabilities under the workers laws and the second part covers any liability resulting in work-related injuries that don’t fall under the workers compensation statute.
General Contractors and Subcontractors
Whether you’re a general contractor, plumber, electrician, roofer, or handyman, you need protection against any damages or mishaps caused by you or your employees. You also need coverage for your work vehicles, tools, and equipment. Did you know expensive equipment might need a special endorsement on your policy? The specialists at Coastal Insurance Group will make sure you have the coverage you need.
Your business is just as vulnerable to being damaged by flood as your own home. Similar to a homeowners policy, a business owners policy does not automatically provide coverage for flood damage. Even if your business is not in a “higher risk” flood area, floods can happen anywhere and the results can be crippling. Ensure your business is protected for flood damage today.