BUSINESS AUTO INSURANCE . . .
Businesses ranging in size, from self-employed consultants to large organizations with fleets of trucks and specialty vehicles need commercial auto insurance. A commercial auto agent at Younts Insurance Agency will analyze your business needs and identify the best option for insuring your business auto exposures. The right insurance for your vehicles will protect your business when leasing or owning vehicles, employees drive business owned or borrowed vehicles, and when you have non-employees in your vehicle for business activities.
Contact us today for a free quote and to learn more about your options for commercial auto insurance that will protect your business from property loss and liability claims all while fitting your budget.
BUSINESS OWNERS LIABILITY . . .
A business owners policy for your business provides several important insurance protections for buildings, personal business property, business interruption, bodily injury liability and property damage liability. These policies are designed especially for small and medium sized businesses and can be customized to fit the needs of a wide variety of commercial enterprises.
Our business insurance agents will review your needs and provide you with several competitive premium comparisons. Getting the right policy with the right coverage limits is crucial to safeguarding your business from losses that could result in disaster. Contact one of our business owners policy professionals for a no obligation insurance quote.
COMMERCIAL GENERAL LIABILITY . . .
Commerical general liability insurance is essential coverage that protects you and your business from claims and lawsuits against you that might occur in the course of operating your buisness.
Younts Insurance Agency provides a wealth of experience and range of options to meet your needs. Contact us today to help determine your exposures as well as the limits appropriate for your operations to provide maximum coverage at a competitive rate.
COMMERICAL PACKAGE POLICY . . .
A commercial package policy is a type of business policy that bundles coverages together for liability, property, boiler and machinery, crime and other optional coverages to create flexibility customized to your business.
COMMERCIAL PROPERTY INSURANCE . . .
The purpose of business property insurance is to get your business up and running quickly after a fire, theft, or other misfortune. What that could mean is repairing your building or replacing inventory, equipment, or other business personal property. If you exercise the business interruption option, commercial property insurance can also replace lost income and pay suppliers while your business is being put back together after a covered loss or claim.
Younts Insurance Agency represents several top rated commercial property insurance companies so we can review a number of options for your business with different coverage options, limits, deductibles and credits. Contact one of our commercial property agents today and start protecting your business with confidence today.
COMMERCIAL UMBRELLA INSURANCE . . .
Standard commercial insurance liability limits should be enough to protect your business from most situations where your business is charged with legal liability for injury or property damage, but it won't cover those catastrophic lawsuits and judgements that are increasing in frequency. Commercial umbrella insurance provides an affordable layer of excess liability insurance for your business above the limits provided by standard business liability policies and could mean the difference between staying in business or becoming a lawsuit casualty in situations such as a company employee causing an accident that results in permanent disability, a product you distribute is found to be defective and causes illness, or an employee who becomes intoxicated during a business dinner, causing an accident and injuries.
There are literally dozens and dozens of situations where liability claims can exceed your commercial or professional liability insurance coverage limits. A commercial liability insurance agent at Younts Insurance can help you identify and control those exposures and review coverage options from several top rated insurance companies. Contact us today to get the right protection for your business!
CYBER LIABILITY INSURANCE . . .
Cyber liability insurance covers a range of loss exposures including damages due to loss or theft of data, introducing a virus into another businesses' network, and email transmitted libel. Your business may not be a 'technology business,' but if you use technology to run your business - like email, networks, and the web, you have cyber liability exposures. Risk posed by cyber exposures changes quickly and traditional insurance policies are not designed to protect your business from this threat to your financial welfare. Contact us today to learn more about the ways we can identify and cover the cyber risks to your business.
EMPLOYMENT PRACTICES LIABILITY INSURANCE (EPLI) . . .
This kind of insurance provides insurance against liability for, just as the name implies, employment practices. Protection, which will vary from policy to policy, covers a broad range of claims or lawsuits that might be brought by current or former employees or employment candidates. As an example, policy coverages can include claims related to sexual harrassment, wrongful termination or discipline, wrongful failure to promote or hire, emotional distress, discrimination, and invasion of privacy. Recent growth in employment practice litigation makes review of employment practices and insurance protection a necessity for most businesses today.
ERRORS & OMISSIONS INSURANCE . . .
Errors and omissions insurance is basically a type of professional liability insurance that pays for liability claims resulting from damages due to failure to perform some duty for which the insured was trained or even just represented some specific expertise.
INLAND MARINE INSURANCE . . .
Inland marine insurance is a specialized type of insurance designed for mobile equipment as well as unique or special business property. Inland marine generally provides replacement for the property should it be lost, damaged, or stolen. Not only is inland marine insurance used by business owners to cover their mobile business equipment, but inland marine insurance is also used when insurance is required for business property such as bridges or radio towers.
Contacy one of our inland marine insurance agents to review your commercial insurance program, help you review your needs, and get you the right protection for your business property.
PRODUCT LIABILITY . . .
You don't have to manufacture a product to be liable for damages due to injury or loss related to that product. If you are in the business of supplying, selling, or even providing a repair service. There are also 'products' that we don't normally think of as 'products,' like the food served in a restaurant, that expose a business to product liability claims. Product liability insurance covers all kinds of businesses engaged in making, delivering, selling, or supporting almost any kind of product.
PROFESSIONAL LIABILITY INSURANCE . . .
If your business or profession requires specialized knowledge and you provide service or counsel based on that knowledge, then you could be a target for a lawsuit not covered under standard commercial liability insurance.
Younts Insurance Agency can provide competitive professional liability insurance, sometimes called errors and omissions insurance, for accountants, attorneys, architects, counselors, engineers, business consultants, personal trainers, photographers, and technology companies running operations in North Carolina.
Professional liability insurance will protect you if you are held liabile for financial loss or other damages as a result of negligence or other failure to perform services and covers defense costs. To learn more about professional liability options for you or your business, contact one of our professional liability insurance agents today!
WORKERS' COMPENSATION INSURANCE . . .
Workers' compensation insurance in North Carolina works two ways; it protects your employees and protects your business. If an employee is injured on the job, workers' compensation insurance will pay for medical care, disability - whether permanent or temporary, and death benefits. If you are found to be liable for employee injury or illness workers' compensation will protect you and your business. This type of insurance is often mandatory.
Check with one of our workers' compensation agents to explore coverage options for you. As an independent insurance agent, we represent several top rated companies and can find you the right coverage to fit your business insurance budget.
BID BOND . . .
A bid bond is often required of a contractor for a specific project. The bond amount is a percentage of the total bid on project, typically 10%. The bid bond provides the owner of the project with some assurance that, if the contractor is ultimately awarded a contract based on his bid, he will enter into a contract with the owner of a construction project. In short, a bid bond is a guarantee that the bond holder will perform the work they have bid on.
BONDS . . .
Bonds come in several different varieties to fit different needs and situations. In general, bonds are meant to guarantee that one individual or entity will perform according to the specifications of a contract, ordinance, or other requirement. Common types are Surety Bonds, Contract Bonds, Judicial and Probate Bonds, and License and Permit Bonds.
BUILDERS RISK INSURANCE . . .
Builders risk insurance is often used with a different term that describes what insurance does - Course of Construction Insurance. Builders risk insurance covers a building, and typically all materials during construction. Protection can be extended for the work of individual contractors, architects, and engineers. Optional coverage can often be added for costs not directly related to construction, such as marketing, loss of income, and delayed completion.
CONTRACTORS BONDS (CONTRACTORS SURETY BONDS) . . .
There are several types of surety bonds for contractors: Bid Bonds, Performance Bonds, Payment Bonds, License Bonds, and Supply Bonds, just to name a few. In general, surety bonds assure a project owner that they can rely on contractor performance, ability to make payments to certain other parties (sub-contrators, e.g.), good faith bid submissions and so on. The issuer of sureties, usually an insurance company subsidiary, investigates the abilities of a contractor and, in the event of a valid claim, will make reimbursement for non-performance according to the terms of the surety.
Information you will need for a General Agreement of Indemnity are the federal ID number for each corporation, full name and social security number of each stockholder and their spouses, home address of each stockholder and their spouses, legal name and address of corporation, and for bid bond purposes - state(s) of incorporation.
CONTRACTORS LIABILITY . . .
Contractors have liability insurance needs unique to the building trade. We understand those needs and can find insurance protection to fit the budget of your business.
CRIME INSURANCE . . .
Businesses are exposed to many types of loss not always covered in other types of business insurance policies. Crime insurance indemnifies your business from embezzlement or theft by employees, forgery, hacking (electronic theft), theft of cash or securities by someone other than an employee or damage to your building or property caused by a burglary.
DIRECTORS & OFFICERS LIABILITY INSURANCE . . .
D & O Insurance, as it is commonly called, is essential to attracting and retaining top business management talent. Lawsuits against a business and its management for negligent or wrongful acts can be brought by any number of constituents, such as shareholders, customers, or regulatory bodies. D & O Insurance will fill in gaps in primary business liability insurance and will protect the personal assets of directors and officers.
ENVIRONMENTAL LIABILITY INSURANCE . . .
Many businesses are exposed to lawsuits from pollution and environmental impairment from a variety of sources. Your business can be held liable for damage or injury due to pollution from business operations, the cost of clean up, or from the business location(s). There are several types of insurance to protect against these kind of claims.
FIDELITY BOND . . .
A fidelity bond protects bondholder clients from theft by employees of the bond holder. This type of bond is very close to traditional insurance - in this case, it protects the employer/bond holder from employee dishonesty. Fidelity bonds are often purchased by businesses employing high risk employees.
FIDUCIARY BOND . . .
Fiduciary bonds provide guarantees certain individuals in positions of trust will carry out duties faithfully and honestly. Fiduciary bonds are often required by estate administrators, trustees, estate executors, and others. In some specific cases courts or statutory requirements may call for a Fiduciary Bond; in these situations the bond is often referred to as a Probate Bond, sometimes a Judicial Bond, and sometimes a Court Bond.
FIDUCIARY LIABILITY INSURANCE . . .
Protects fiduciaries of employee benefit plans from damages due to alleged 'wrongful acts' or breaches of professional duty. Fiduciary liability insurance covers companies sponsoring employee benefit plans as well. ERISA compliance adds a degree of complexity to managing employee benefit programs and provides another angle for parties to file a lawsuit. Every company, and every fiduciary managing benefit plans should consider their potential liability, including defense costs as part of their risk management program. Often, fiduciary liability insurance will make sense as a risk mitigation measure.
FLOOD INSURANCE FOR BUSINESSES . . .
FLOOD EXCLUSIONS IN BUSINESS INSURANCE POLICIES
Insurance policies for business, such as the Business Owners Policy (BOP) and Commercial Property Insurance policy, cover a wide range of perils. These policies help protect business owners from damage and loss to buildings, building contents, and other business personal property. Unfortunately, standard business insurance policies specifically exclude the peril of flood.
FLOODS ARE NOT GEOGRAPHICALLY LIMITED
Flooding isn't limited to coastal areas, floods can occur almost anywhere and at any time of the year. In fact, flooding is the most common natural disaster. Floods are equal opportunity disasters; according to the National Flood Insurance Program (NFIP), over the last 5 years, all 50 U.S. states have experienced flood events.
FLOOD INSURANCE RISK AND YOUR BUSINESS
Does your business need flood insurance? Maybe. The NFIP produces maps showing flood zone risk, but consumers and businesses outside of high risk areas file 20% of flood insurance claims and benefit from about one-third of flood insurance payments. Flood insurance is available for up to $500,000 for buildings and $500,000 for contents and having it can mean the difference between closing up a business or continuing after a flood.
Talk to us today to find out how flood insurance, if any, is right for your business and what it would cost but don't delay, new flood coverage requires a 30 day waiting period.
GARAGEKEEPERS LEGAL LIABILITY INSURANCE . . .
General liability insurance policies, and even garage liability insurance policies are not intended to provide insurance protection for damage or loss to vehicles that have been left with your business. In legal terms, left in your care, custody, or control. That's where garagekeepers liability coverage comes in; it is meant to protect your business from negligence causing damage to a customer's vehicle. Some businesses that commonly need garagekeepers liability insurance include auto dealers and repair shops, parking lots, hotels and restaurants with valet parking services, and towing services.
GARAGEKEEPERS LIABILITY INSURANCE . . .
This is a comprehensive insurance product designed for businesses that sell, service, store, or park road-use vehicles. It includes liability insurance protection for damage to vehicles left in the care of the business. This protection extends to customer and non-customer vehicle damages and injuries occuring on the business property.
LANDLORD PACKAGE INSURANCE . . .
Landlords face special risks that require special insurance protection. As a few examples of losses or exposures covered in the landlord package policy; loss of rent resulting from an insured loss, buildings with one or several units, varied residential or commerical occupancies, legal liability resulting from the activities of tenants, and uninsured or underinsured repair professionals. Even though Landlord Package Insurance is primarily designed to protect you from loss to rental property, it can - and should, provide adequate insurance limits to protect your other assets from legal liability arising from rental activities.
LICENSE BOND . . .
A license bond guarantees the bond holder will comply with the statutes and license requirements of the granting state. Contractors often need to secure license bonds as do mortgage brokers (Mortgage Broker Bonds). Damages resulting from deliberate license and statutory non-compliance may be filed against the bond by any person 'damaged.'
LIQUOR LIABILITY INSURANCE . . .
Any establishment serving alcoholic beverages is exposed to lawsuits charging that liquor was served to an intoxicated person who may later have been involved in an accident. Liquor Liability Insurance is intended to protect food service businesses like restaurants, hotels, and even bed and breakfasts, from liability damages in such cases.
MEDICAL MALPRACTICE & INSURANCE FOR PHYSICIANS . . .
LET MULTIPLE, TOP RATED INSURANCE COMPANIES COMPETE FOR YOUR MEDICAL MALPRACTICE INSURANCE
We understand that the extreme flucuation in rates and availability of medical malpracticce insurance can make some physicians question the wisdom of continuing to practice. As an agent for physicians and medical practitioners throughout North Carolina, take advantage of our experience and access to multiple medical malpractice insurance markets.
We can help your medical practice manage the cost of malpractice insurance now and in the future. Since we specialize in providing insurance and risk management programs to physicians, we can help you get the best rates and terms possible for your malpractice coverage. Best of all, we can save you time.
Capitalize on multiple discounts and the ease of getting a no obligation quote. Our process is quick and thorough and you don't have to wait until renewal of your current policy to begin taking advantage of the benefits we can deliver with our medical malpractice insurance options.
NON-PROFIT MANAGEMENT & ORGANIZATION LIABILITY INSURANCE . . .
Non-profit organizations are not immune from lawsuits alleging negligence or wrongful acts. Recent lawsuits and allegations made against several non-profits have made all non-profit organizations much higher profile targets for similar lawsuits and almost by definition, most non-profits have limited financial resources. Even with any resouces available, there may not be enough to withstand defense costs and potential judgements.
OCEAN MARINE INSURANCE . . .
A wide variety of 'ocean' risks can be protected by this insurance, including both inland and ocean going vessels and their cargo. Working boats and ships, pleasure crafts, and even offshore oil rings fall under this category of protection. Purchasable by either the vessel or cargo owner or anyone with an interest or responsibility to the insurable property, coverage extends to the vessel, cargo, and liability.
PAYMENT BOND . . .
Payment Bonds are provided to the project owner by a contractor after a contract has been awarded. The Payment Bond is a guarantee that the contractor will cover bills for specific labor and material. A Payment Bond also acts as a guarantee to subcontractors and suppliers for payments due from the project owner.
PERFORMANCE BOND . . .
Performance Bonds are provided by contractors to protect owners after a contractor is awarded a bid. (Performance Bonds are often preceded by Bid Bonds.) The Performance Bond is a guarantee the contractor will perform according to the project contract's terms and specifications. The amount of the bond will vary but in many cases it will equal the full contract amount.
POLLUTION LIABILITY INSURANCE . . .
Commercial General Liability Insurance (CGL) covers many important situations that may result in claims for damage or injury against your business, but CGL doesn't cover everything and an important liability that is excluded is for damages caused by pollution or environmental disruption.
Pollution liabilty can be purchased separately to supplement your business insurance program; not every business will need pollution liability coverage, but a surprising number should at least consider it. Improper disposal of hazardous waste or materials, accidental spills or discharges from a vehicle or building can all lead to claims for environmental damage.
Pollution liability can be customized to fit your business exposure, but some of the business types and activities where pollution liability should definitely be considered are contractors, hospitals, healthcare providers, waste disposal and treatment, agribusiness, and storage or transport of any hazardous materials.
SPECIAL EVENTS INSURANCE . . .
Today, any group club, business, association, or individual organizing an event is exposed to liability claims brought by spectators, participants, attendees, and contractors. Special Events Insurance is there to protect your business or organization from claims arising from events not covered in your general liability insurance policy. Special Event Insurance is often required by auditoriums, parks, and other venues where events are held. Coverage can be tailored to the duration, size, activities, and nature of your individual event.
TRUCKING INSURANCE . . .
A trucking operation may need insurance for physical damages to trucks and trailers, primary auto liability - even on leased rigs, general liability for property damage, or personal injury when a truck is not involved. Non-trucking liability for drivers and trucks not under dispatch and non-owned trailer liability. We can handle it all.