Lines of Coverage
Comprehensive Coverage For Your Business
Property and Casualty insurance, often referred to as P&C insurance, provides essential coverage for businesses against a wide range of risks.
At Nolasko, we offer a comprehensive suite of Property and Casualty insurance solutions designed to protect your business assets, operations, and liabilities.
Let’s take a closer look at each line of coverage we provide:
We can get started on your business insurance coverage right now:
Here are 3 ways we can start working together to find the coverage you need:
Property Insurance
Property insurance safeguards your physical assets, including buildings, inventory, equipment, and supplies, from various perils such as fire, theft, vandalism, and natural disasters. It provides coverage for repair or replacement costs, ensuring that your business can recover swiftly from unforeseen events.
Commercial General Liability (CGL) Insurance
CGL insurance is a fundamental coverage that protects your business against third-party claims for bodily injury, property damage, or personal injury. If someone is injured on your premises or if your products or services cause harm to others, CGL insurance provides financial protection by covering legal expenses, medical costs, and potential settlements or judgments.
Professional Liability (Errors and Omissions) Insurance
Professional Liability insurance, also known as Errors and Omissions (E&O) insurance, is particularly important for service-based businesses. It offers financial protection against claims of negligence, errors, or omissions made by your professional staff that result in financial losses for your clients. This coverage helps cover legal defense costs and potential settlements or judgments.
Directors and Officers (D&O) Liability Insurance
D&O Liability insurance safeguards the personal assets of your company’s directors and officers in case they are sued for alleged wrongful acts, errors, or omissions committed while carrying out their managerial duties. It provides protection against claims arising from mismanagement, breaches of fiduciary duty, employment practices, or financial decisions.
Cyber Liability Insurance
In today’s digital world, Cyber Liability insurance is essential to protect your business from the risks associated with data breaches, cyberattacks, and privacy violations. This coverage can help cover expenses related to data breach notification, legal defense, public relations, and financial damages resulting from cyber incidents.
Business Interruption Insurance
Business Interruption insurance is designed to help your business recover financially from unexpected disruptions. If your operations are temporarily halted due to a covered event, such as a fire or natural disaster, this insurance coverage can compensate you for lost income, ongoing expenses, and additional costs incurred during the restoration period.
Commercial Auto Insurance
Commercial Auto insurance provides coverage for vehicles used for business purposes. Whether you have a fleet of delivery trucks or rely on company cars, this insurance protects your vehicles against accidents, theft, damage, and liability claims arising from vehicle-related incidents.
Workers' Compensation Insurance
Workers’ Compensation insurance is a crucial coverage that protects your employees in case of work-related injuries or illnesses. It provides medical benefits, lost wage replacement, and rehabilitation support for your workers, while also shielding your business from potential lawsuits related to workplace injuries.
Flood Insurance
Flood insurance is a specialized type of insurance coverage that provides financial protection against losses caused by flooding. It is important to note that standard homeowners’ or commercial property insurance policies typically do not cover damages caused by floods, making flood insurance a crucial addition to protect your property.
Control of Well Insurance
Also known as Operator Extra Expense (OEE) coverage, is a specialized form of insurance designed to protect oil and gas operators from financial losses and liabilities associated with well control incidents and related expenses. Control of Well insurance helps mitigate these risks by providing coverage for the costs incurred in regaining control of a well and bringing it back to operational status.
Performance bonds are a type of surety bond that contractors obtain to provide financial assurance to project owners and stakeholders. These bonds serve as a guarantee that the contractor will complete the project according to the agreed-upon terms, specifications, and timelines.
Visit our “Bond Search And Apply” site. For quick bond approval.
Inland Marine
Protecting property on the move. Inland Marine insurance is a specialized type of insurance coverage designed to protect movable property and assets that are transported over land or stored at various locations. Despite its name, this insurance coverage is not limited to marine-related risks but rather focuses on property that is in transit or at temporary locations.
Other Coverages:
- Umbrella/Excess Liability
- Contractors Pollution
- Business Crime
- Garage Keepers
- Warehouse Legal Liability
- Special Event Insurance
- Electronic Data Processing
Packages Policies
Insurance for small businesses can be packaged to save you money. The commercial package (CPP) is a policy for companies with
Commercial Insurance Package -CPP
A commercial package policy can be tailored to fit complex or specialized risks because of the nature of the business or industry.
- Standard coverage includes property and general liability insurance (bundled).
- Enables you to bundle various other coverages in one policy.
- Other coverages added as needed, including equipment breakdown, inland marine, etc
Business Owner Policy -BOP
A Business Owner Policy (BOP) is a business insurance policy available to most companies with 100 or fewer employees and under $5 million in sales. This type of policy can provide basic coverage for the basic risks -property, general liability, and business interruption, which are bundled together.
- Property, liability, and business interruption are bundled together.
- Available only to certain types and sizes of business.
- Additional coverage may be added as needed, professional liability, umbrella insurance, etc.
Premium financing is available for all package and monoline policies
Employee demographics, provider networks, costs, plan participation are all taken into account when designing a group benefits plan that meets your business needs.
Health Plans
- Medical –Self-funded plans
- Medical –Fully-insured plans
- Dental
- Vision
Additional benefits
- Group life insurance
- Group disability
- Accident
- Hospital indemnity
- Critical illness
- ERISA reporting and ACA compliance.
- Bilingual enrollment services.
- International group medical.
Additional Insurance Services
Life Insurance For Business Succession
Your business faces many risks for which you may already have business insurance coverage, such as property, general liability, etc. Nonetheless, the death or disability of a key person, or owner, in the business is another risk. Among the implications are:
- The loss of sales due to downtime.
- The cost of replacing an executive.
- Buying the deceased’s share of the business.
- Legal costs.
Let's get started on your commercial insurance proposal!
Here are 3 ways we can start working together to find the coverage you need: