Business Insurance

Commercial insurance can be complicated. It may be hard to understand what coverages and limits are required by the government, landlords, clients, and other stakeholders. Other coverages are not legally mandatory, but it can save companies and owners significant payouts when a loss occurs. The licensed agents at Vie Insurance can help ensure all the policies you need are in force, at the lowest prices.

Business Insurance

There are many types of commercial insurance. Some of these are required by law based on industry and company needs. Other types are required to carry out certain projects or are needed as part of agreements with the clients, partners, landlords, or other stakeholders. Understanding which kind of coverages are needed for a company can be daunting. It is even harder to compare insurance carriers, like Progressive or Allstate, with each other. All of these decisions can come at a heavy price. Whether you have a loss, only to learn it is not covered under your current policy or you are paying more premium than necessary, your company will suffer. Vie Insurance can ease these pains. 

Our licensed agents shop around to find the coverages you need at the lowest rates. After activating those policies our service department will ensure that your information is up to date and your insurance costs remain low. If there is a large price jump between policy terms they will check the market for a cheaper option. Our service agents will also promptly effectuate any changes that need to be made over the policy term.

Types of Business Insurance

Here is a list of a few common types of commercial insurance:

A Business Owners Policy in a combination of General Liability, Commercial Property, and other miscellaneous addons. General Liability Insurance will protect against certain law suits, injuries of customers on company premises, and damage to the property of others. Commercial Property Insurance will cover damage to the business’s property, facilities, and buildings. Combining these coverages can lower individual insurance costs and secure the business against a variety of perils.

General Liability insurance covers damage to property or bodily injury cause by the company. There are some limitations to these coverages, including injuries of employees and damage caused by vehicles.

Workers Compensation covers employee injuries that happen during work activities.

Commercial automotive coverages often come in two forms:

  • Commercial Auto: this covers vehicles owned by the company itself.
  • Hired & Non-Owned Auto: this is for rental vehicles and employee owned vehicles used for business purposes.

Group Health is for companies seeking to or required to provide health insurance for their employs as a benefit. Vie Insurance manages these coverages for the company and for each employee.