As one of the nation’s leading professional employer organizations (PEOs), Integrity Employee Leasing understands how hard you’ve worked to build a winning business. As you continue to lead your company to success, it’s important to protect it against future risk and loss. This includes accounting errors, property damage, workplace injuries, vehicle accidents, lost wages, slips and falls, court fees and more.
Commercial business insurance is designed to protect companies from unexpected losses like these. You will choose between a variety of commercial insurance policies, depending on your company’s needs. Here are five common types of commercial insurance to consider.
- General Liability Insurance: Protects your business in the event of libel or slander, property damage, bodily injury and more.
- Commercial Property Insurance: Safeguards the company’s physical location and business property, such as expensive computer equipment or machinery.
- Business Owner’s Policy (BOP): Combines general liability and commercial property insurance into one convenient package with comprehensive coverage.
- Workers’ Compensation: Covers workplace injuries and illnesses. Regulations vary by state.
- Errors and Omissions (E&O): Protects against claims of negligence, such as if a client sued you for financial losses due to a work-related mistake.
The best course of action, as they say, is to expect the unexpected. Without insurance, a simple mistake or accident could threaten your financials and even cost your business if a liability lawsuit lands in your lap. Based on claims filed by small business owners over a five-year period from 2015-2020, it is likely that 40% of small businesses will likely incur a property or liability loss within the next 10 years.
On the other hand, a company with insurance pays a set premium exchange for protection. In the event of an accident or mistake, insurance safeguards your financials and keeps you from paying much larger amounts in court or to settle.
But what if you have not yet selected and perfected your company’s insurance policies? It may seem intimidating or cost-prohibitive to start from scratch when preparing or refreshing your business insurance policies. Or perhaps you think you have everything you need, but would benefit from a second opinion?
Try Our New Business Insurance Comparison Platform
Integrity Employee Leasing recently launched a brand-new insurance cost-comparison platform to help business owners protect their company from risk. This online resource is aimed at simplifying the insurance process, making it easy for you to assemble your own comprehensive package of benefits.
The new platform allows business owners and managers to browse competitive research, request customized quotes and find policy resources. Its dedicated portal also serves as a convenient place for policy holders to locate their certificate issuance, key policy documents, billing history, endorsement and added insurance requests.
“Integrity Member Services, which are powered by LAYR, acts as a one-stop shop for small to medium-sized businesses to obtain and bundle whatever insurance coverage they may need. A competitive quote will be ready within 72 hours,” explains Erin Natoli, leader of the Risk Management team that maintains the online platform for clients.
The prices quoted through the new tool are some of the best in the PEO industry. Integrity Employee Leasing’s size and excellent reputation bring a huge advantage to the negotiating table. Thanks to strong existing relationships with insurance providers, our experts can secure impressive cost-savings for insurance policies that rival Fortune 500 companies’ own offerings. This allows companies of all sizes, across many industries, to save on premiums as a direct result of partnering with Integrity Employee Leasing.
“Ultimately, our convenient platform allows business owners to find and secure any type of commercial insurance they may need. Knowing your business is protected from the unexpected delivers peace of mind and frees you to stay focused on what matters most: managing and growing a thriving business,” said Erin.
Contact Integrity Employee Leasing at (941) 625-0623 to get started. Our knowledgeable risk management team members would be happy to answer your questions about our new online insurance platform. The onboarding process is quick and painless, and we are ready to do the heavy lifting to secure your business. Schedule your consultation today!