Moody Agency Business General Liability
If you currently only have a personal umbrella liability policy, it is important to note that there is generally an exclusion for any business-related liability claims. If you are actively using vehicles in your business, you need to make sure that your organization has sufficient coverage for auto liabilities.
In an unfortunate trend for business owners, the chances of being the subject of a lawsuit have increased dramatically in the past decade. By providing the necessary protection, general liability business coverage can prevent a legal suit from turning into an utter financial disaster for your organization.
General liability policies pay losses in the event of property damage, real or alleged bodily injury, or personal injury arising from your operations or on the business premises. Moody Agency liability programs may extend far beyond the provisions of standard policies, with wider coverage and dramatically higher limits in a number of areas.
Broad Range of General Liability Protection
- Bodily Injury, including the cost of healthcare, loss of services, and the restitution for any death that results from injury
- Property Damage coverage for physical damage to property of others or the loss of use of that property
- Products-Completed Operations coverage provides liability protection if a product your company made or a service your company provided causes injury
- Products Liability is a more specialized product liability insurance which will protect your company against legal action from product-related injury or accident
- Contractual Liability covers any liability you may assume by entering into a variety of contracts
- Additional policy coverage includes: Advertising Injury; Borrowed Equipment; Fire, Lightning or Explosion Damage; Legal Defense Costs; Liquor Liability; Medical Payments; Non-Owned Vehicles (such as aircraft and watercraft); Personal Injury; Reasonable Use of Force; Water Damage Liability Protection; and specialized liability protection for specific business types
Moody Agency Commercial Auto
If you own a business, you will need the same types of insurance for company vehicles as you would for a personal vehicle. Liability, collision, comprehensive, medical payments (also known as personal injury protection) and coverage for uninsured motorists are necessary to protect your business.
Many business owners use the same vehicle for both business and personal use. If the vehicle is owned by the business, you need to make sure the name of the company appears on the policy as the "principal insured" party. This important point will help you to avoid any possible confusion if you need to file a claim of if a claim were filed against you.
Our agents will be happy to help you decide if it would be advantageous for you to buy a business auto insurance policy. This decision is dependent on a number of different factors, which include the kind of driving you do, who will be driving your vehicles, and whether employees are likely to be driving their own cars for your business.
Despite many similarities, business auto policies differ from personal auto policies in a number of technical respects. The Moody Agency can help you work through the details and discuss all the relevant options for your unique business concerns.
Moody Agency Workers Compensation
Workers compensation regulations were created to protect employees who are injured while on the job. In the event of an on the job injury, employees are provided with fixed monetary awards. This works to eliminate unnecessary litigation and makes the process considerably easier for employers and employees. It has also helped to control the financial risks facing employers. Many states currently set a limit to the amount an injured employee can recover from an employer.
Moody Agency workers compensation policies are designed to help companies pay these benefits. In order to protect workers, a majority of state governments require that businesses carry some form of workers compensation insurance. It is important to note that workers compensation insurance is not health insurance, and it serves a unique purpose. Workers compensation is specifically for injuries that have been sustained on the job.
If you have employees, carrying workers compensation coverage is strongly advised. Even in states where it is not mandatory, compensation coverage is a sound financial decision, especially if you have a number employees, or if your employees are engaged in hazardous activities.
Does my business need workers compensation insurance?
Employers have a legal responsibility to make the workplace safe for their employees. Despite the best precautions, accidents still happen.
In almost every state, legislators require employers to buy workers compensation insurance. This works to protect businesses from legal action resulting from on the job accidents, and it provides employees with the security of medical care and fair compensation for any lost income resulting from their injury. Workers compensation insurance policies cover workers injured on the job, whether they are hurt on the premises of the workplace or elsewhere, or in auto accidents while on business. These policies also cover work-related illness.
Although business owner policies are often sold as packages, they do not include coverage for injured workers. Workers compensation insurance policies must be bought separately. For a comprehensive and insightful overview of how workers compensation insurance may help minimize risk for your organization, please contact a Moody Agency representative today.
The Moody Agency will talk you through all of the features of your business and employment practices so you may make an informed decision about coverage. Depending on your individual circumstances, policy discounts may be available. For an online Business Insurance quotes, please click on here: Business Owners (BOP) Quote Form; General Liability Quote Form; Commercial Auto Insurance Quote; Workers Compensation Quote.
The Moody Agency has specialized in insuring risks for local businesses in Sarasota and Charlotte counties for over five decades. In this time have seen wonderful economic growth in Southwest Florida, and we will be happy to help your organization flourish in our community and beyond. To contact us directly, please write to us or phone an agent today: Contact Moody Agency. For our Venice office, please call (941) 493-1583. For our North Port office, please call (941) 429-8801.