Property & Casualty
Property, casualty, and liability insurance is essential to maintaining the financial health of any well-run business. Veracity Advisers is able to select from a variety of carriers to offer you appropriate levels of insurance. As an independently owned and operated firm, Veracity Advisers has the flexibility to provide objective solutions for our clients.
A single accident could result in a costly lawsuit that could cripple your business. A great way to protect against the result of an accident is to make sure you carry enough general insurance. Some employers might also require you to carry a certain amount of general liability insurance before you can work for them.
Business property insurance is one of the most important investments to help ensure the future of your business, because it covers everything related to the loss and damage of company property. The definition of "property" is broad, and includes lost income, business interruption, buildings, computers, company papers and money. For example:
- A fire in an adjacent building may destroy your property or you could have smoke damage
- A burst water pipe could damage your important documents, furnishings, and electronics
- A windy storm could damage your outdoor sign
- An accident outside the business may result in damage to your fence and landscaping
Whether you own your building, lease your workspace or work at home, contact Veracity Advisers to help protect your business’ physical assets.
General Liability/Casualty Insurance?
A policy typically covers:
- Property Damage – Damage to property that you are legally liable for (including rented property).
- Bodily Injury – Injuries to persons for which you are legally liable.
- Medical Payments – Bodily injury that occurs during the course of your business operations.
- Defense Costs – Suits against your company regardless of fault.
- Personal & Advertising Injury – Claims of slander and libel that are not part of your professional services.
Business owners can enhance a general liability insurance policy with additional coverage to meet the specific needs of your business. Typical additional coverage includes:
- Aggregate limits per location or project.
- Damage to premises rented to you
- Employee benefits liability
- Employment practices liability insurance
- Expanded property damage
- Hired and non-owned auto liability insurance
- Other specialty enhancements for general liability and contractors