CUSTOMIZED COMMERCIAL INSURANCE
In today's complex commercial insurance environment you can rely on BRMS to work with you to custom tailor a commercial insurance program to meet your unique needs. By focusing on our areas of expertise, Faith Based Organizations, Healthcare Providers, Schools and Other Commercial Insurance, BRMS is able to offer the best programs and policies to our clients. We work with a variety of carriers to facilitate thorough coverage at the most competitive premiums available.
Learn more about our commercial lines products below.
Commercial property coverage is one of the most basic forms of business insurance and comes standard in most business policies. But what exactly does it cover? Each policy from various insurance carriers will differ in terms and conditions, exclusions and limitations. Below is a list of general items that are likely to be covered, however, you should check with your agent or insurer for the specifics of your unique policy.
• Personal property: This includes contents owned by the business, which may include furniture, merchandise, fixtures/artwork, raw materials etc.
• Equipment breakdown: Covers the expenses associated with repairing or replacing equipment following mechanical breakdown, including air conditioners, boilers, phone systems, break room appliances etc.
• Property of others: Protects you against damages or loss to the property of customers that is in your business’ possession, such as computer equipment undergoing repairs by your business.
• Business income: Offers reimbursement for a loss of earnings resulting from a covered loss or damage to your property. It can also cover higher costs of continued operations after a covered claim.
• Money and securities: Covers money and securities used in your business if they are lost, stolen or damaged. .
GENERAL LIABILITY INSURANCE
Unfortunately, the chances of getting sued have dramatically increased in the last decade. General Liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your organization is ever sued or held legally responsible for some injury or damage.
General Liability pays losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations. The insurance companies we represent provide liability programs that extend far beyond the provisions of typical policies, with broadened coverage and increased limits in over 30 areas.
Broad Range of General Liability Protection:
• Bodily Injury, including the cost of care, the loss of services, and the restitution for any death that results from injury
• Property Damage coverage for the physical damage to property of others or the loss of use of that property
• Products-Completed Operations provides liability protection (damages and legal expenses up to your policy's limit) if an injury ever resulted from something your organization made or service your organization provided
• Products Liability is a more specialized product liability insurance that protects your company against lawsuits from product-related injury or accidents
• Contractual Liability extends to any liability you may assume by entering into a variety of contracts
• Other coverage includes: Reasonable Use of Force; Borrowed Equipment; Liquor Liability; Non-Owned Vehicles (such as aircraft and watercraft); Fire, Lightning or Explosion Damage; Water Damage Liability Protection; Legal Defense Costs; Medical Payments; Personal Injury; Advertising Injury; and specialized liability protection for specific coverage types
BUSINESS AUTO INSURANCE
As a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel -- liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the "principal insured" rather than your name.
This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you.
Whether you need to buy a business auto insurance policy will depend on the kind of driving you do. A good insurance agent will ask you many details about how you use vehicles in your business, who will be driving them and whether employees, if you have them, are likely to be driving their own cars for your business.
While the major coverages are the same, a business auto policy differs from a personal auto policy in many technical respects. Ask your insurance agent to explain all the differences and options.
WORKERS' COMPENSATION INSURANCE
Workers Compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.
Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. Workers Compensation Insurance is not health insurance. Workers Compensation is designed specifically for injuries sustained on the job.
In most states, if you have employees, you are required to carry Workers Compensation coverage. Even in non-mandatory states, it can be a very good idea, particularly if you have many employees, or if they are engaged in hazardous activities.
Do I need workers compensation insurance?
As an employer you have a legal responsibility to your employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken.
To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, employers are required to buy workers compensation insurance. Workers compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.
Workers compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitiation services. It also provides death benefits to surviving spouses and dependents.
Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.
Please note that Workers compensation insurance must be bought as a separate policy. Although in-home business and business owners policies (BOPs) are sold as package policies, they don't include coverage for workers' injuries.
WHY RELIGIOUS INSTITUTIONS NEED CYBER INSURANCE
Criminals make attempts to steal money from religious institutions through unauthorized electronic fund transfers, phishing, cyber extortion, and identity theft. It is usually as simple as accidental human error of the financially responsible individual at your religious institution.
Click here to read more aboutwhy your religious institution needs Cyber Insurance.
CYBER RISK PORTAL
As a part of your policy, you will have full access to Evolve Cyber Risk Management Portal. The portal contains a collection of tools, tips, latest news to keep you up-to-date on all the latest cyber developments, and details on who you should call in the event of a claim.
By purchasing a cyber policy, your premium dollars are attributed directly towards discounted access to some of the top data security providers in the country!
Click here to read about Risk Management Perks