In your business, you're dedicated to doing a good job, serving your customers and working hard to succeed.
At Corrigan , we feel the same way. Our advisors
serve you with honesty, integrity, and creativity – actively seeking the best investment, retirement, and insurance solutions for your business.
We take time to analyze your business and your needs to customize your insurance plan – drawing from a full range of options to protect your business property, auto/fleet, people, and income, and to protect you from liability. We offer specific coverage options for contractors, agribusiness and farm operations.
We protect more than your property with a variety of retirement and investment options to attract and retain employees.
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Business Insurance
Property insurance covers a business's building and its contents -- money and securities, accounts-receivable records, inventory, furniture, machinery, supplies and even intangible assets such as trademarks -- when damage, theft or loss occurs.
Some insurance companies offer property insurance by named peril, such as fire and theft. Others offer policies that cover multiple perils. Most basic multiple-peril policies include losses caused by fire and theft, but business owners can purchase additional types of coverage if they need it. For example, a business in the Midwest or on the East Coast may want to purchase coverage for snow, ice or sleet damage, while businesses on the West Coast may consider an earthquake-insurance policy.
Businesses with good loss-control measures and claim histories often pay lower insurance premiums than companies with risky procedures and poor claims histories. Taking steps to prevent loss — hiring security personnel to prevent shoplifting, installing a sprinkler system to contain fires or using an alarm system to protect against theft — can help control the cost of property insurance.
Types of Coverage
Many businesses purchase property insurance through a business-owner's policy (BOP), which bundles property and liability insurance into one policy; however, since the amount of coverage available in a BOP is generally lower than in a standard property-insurance policy, companies that require a lot of coverage usually stick with a separate policy.
Some BOPs also include business-interruption insurance and extra-expense insurance -- two types of optional coverage in a property insurance policy that protect a business after a loss occurs.
Business-interruption insurance provides payments for expenses such as salaries, taxes and debts, as well as any loss of profit due to the interruption of business.
Extra-expense insurance pays the costs of temporarily relocating a business when a covered peril occurs. For example, if a fire destroys a clothing store, extra-expense insurance will pay for a business to resume operations and cover such expenses as buying or leasing equipment, getting new merchandise and notifying customers about changes that have occurred.
Business Owners Policy to Protect Your Small Business
Business owners insurance from Nationwide offers complete coverage for small businesses – typically those with fewer than 100 employees and less than $5 million in sales. A business owners policy, also known as a BOP, combines several types of insurance coverage together so you can buy a package of protection at a competitive price. With convenience and customizable coverage options, find the insurance for your small business that is right for you.
With a business owners policy from Corrigan, your small
business can get property insurance, liability insurance,
crime coverage and much more, built into one convenient
package. Our insurance for small business owners works
to protect you from:
- Property claims
- Equipment breakdown
- Income loss
- Professional liability claims
- Products and completed operations claims
- Fire legal liability claims
- Premises liability claims
Small business owners insurance builds in the specialized coverage your business needs, plus you can choose from an array of other coverage options. And if your company needs additional coverage, our agents will work with you one on one to create a tailored business owners insurance coverage package that suits your specific needs.
Get business owners insurance that is right for your workplace
Business owners insurance can be a good solution for businesses like:
- Auto repair and lube shops
- Delis and coffee shops
- Motels and hotels
- Medical, dental and veterinarian offices
- Service shops, such as dry cleaners and funeral homes
- Retail florists and clothing stores
- Wholesale barber and beauty suppliers
- Strip shopping centers
Find superior service with Corrigan Insurance
Our insurance agents plan to work with you long term. We understand that your small business owners insurance needs will change over time, so we have regular insurance checkups to make sure your business has the best protection possible.
As a Corrigan customer, you are entitled to 24/7 claims
service, superior customer support, free loss control information and the financial stability that comes with an A+ rating from A.M. Best. |
