Every industry faces risks, no matter their size, location, or focus. That's why Optimal Insurance Solutions is committed to providing competitive and consistent insurance. We believe in offering the best coverage at the best rate. We only represent carefully selected, financially sound, and reputable A+ rated insurance companies. Our goal is to reduce gaps in your coverage, reduce costs through loss mitigation and risk management, and reduce stress by having an experienced professional.

 

It is our certainty that the Agent is an advocate for the client and not an extension of the Insurance Carrier. By acting on behalf of the best interests of our clients, we transcend from Insurance Agents to Trusted Insurance Advisors.

 

General Liability Insurance

 

Adequate General Liability Insurance, also referred to as Business Liability Insurance, is the only way to effectively protect your business from damages involving bodily harm or property damage for which your company is found legally liable. Typically, this coverage extends to include other physical injury, personal injury (libel or slander), advertising injury and property damage caused by your products, premises or operations. Some General Liability Insurance plan also additional coverage, such as if you are held accountable for damage to your landlord’s property. General Liability Insurance safeguards against liability, which enables you to continue normal operations while dealing with real, or fraudulent claims of wrongdoing. It is important to note that General Liability Insurance does not cover employee injuries, auto accidents, or intentional acts.

 

Commercial Auto Insurance

 

Commercial Auto Insurance protects your business from the potential loss which could arise from several factors involving your company owned fleet. Auto accidents, repair costs, medical and hospital costs, lawsuits, court judgments – just to name a few.

 

Commercial Property Insurance

 

Commercial Property Insurance protects your company’s physical assets against loss incurred by damage to your building and it’s content by a covered cause. When considering your Commercial Property Insurance Plan you may want to consider the following sub-categories:

• Fire Insurance protects your business in the event of physical loss caused by fire damages.

• Crime Insurance protects the small business owner against theft, robbery and burglary of cash, fixtures, and certain other assets.  Regardless if the crime was committed by a third party or an employee.

• Fidelity Bonds. Fidelity bonds are another type of business insurance which provides coverage when a bonded employee steals money or business property.

• Flood Insurance protects your business in the event of physical loss caused by flood damages.

• Builders Risk Insurance policy covers losses which occur while your building is under construction, such as storm damage while your roof is being resurfaced.

• Business Interruption Insurance covers items such as salaries, rent, and taxes should your business not be able to sustain it’s income as a result of property damage.

• Debris Removal Insurance. In the event your building is affected by a flood, fire or other type of storm damage, your property insurance will pay for rebuilding your building, but you will need debris removal insurance to pay for the cost of removing debris from your property.

• Glass Insurance protects you against broken store windows.

• Boiler and Machinery Insurance, also referred to as equipment breakdown coverage, covers you in the event of an accidental breakdown of machinery and equipment. This coverage reimburses you for property damage and any losses caused by the interruption to your business.

• Ordinance Insurance also referred to as law insurance, provides coverage for expenses relating to demolishing and rebuilding your building to code.  Although property insurance will cover your building’s replacement value, it won’t cover any upgrades required to meet current building codes. Depending on when your building was originally built, codes may be significantly different and more expensive to implement.

• Tenants Insurance. Tenants insurance is another type of commercial property insurance which covers damages to the building due to employee negligence or when making improvements to your rental units.

• Vacant Property Insurance. If you are a landlord you may need to get Vacant Property Insurance in the event that your property becomes unoccupied for 4 or more days.  Vacant property has an increased risk compared to commercial properties that are in use.  This is due to no one being present to dissuade vandals, or take note of potential infrastructure defects, including leaky sprinklers.  Vacant properties are at a higher risk for civil commotion damage, malicious mischief, and squatters.

 

Workers' Compensation

 

Workers’ compensation insurance benefits are available to employees who are injured or become ill as a result of a work-related incident. If one of your employees is injured on the job and is medically authorized to take time off from work, he or she will be reimbursed for lost wages and all of the medical expenses related to the treatment and rehabilitation. Workers’ compensation is required by state law and non-compliance could result in costly fines.

 

Maintaining a safe workplace is vital and will consequently reduce your insurance costs. Here are some more ideas to help control costs:

 

• Implement a return-to-work policy in which employees work modified duty until they are fully healthy to do their jobs.

• Orient and train your employees on safe practices necessary for their job functions and tasks.

• Insist that employee claims are reported promptly.

• Investigate the cause of injuries and illnesses.

 

What is Pay as You Go Workers’ Compensation Insurance?

Pay as you go worker’s compensation insurance is a solution that many businesses use to manage the rising costs of this insurance. Instead of charging large up-front costs, pay as you go workers’ compensation insurance allows companies to pay premiums as they pay their normal payroll. This helps to defer much of the cost of workers’ compensation insurance, making it easier for business owners to manage their cash flow.

 

Cyber Liability Insurance

 

Cyber attacks such as Data Breaches and Hacks occur.  More than 80% of US companies report being hacked at one point.  These attacks can cause devastating damage.  Companies suffer business disruption, lost revenue and litigation.  It is important to realize that no organization is immune to cyber crime.

 

Employment Practices Liability Insurance (EPLI)

 

Business decisions like hiring, firing, compensation, promotions and work environment are made every day.  All of these decisions impact your employees – meaning some could result in a claim related to wrongful employment practices.

 

Electronic Data Processing Insurance

 

Electronic Data Processing Insurance provides protection for hardware, software and extra expenses incurred resulting from failure of equipment.

 

It is imperative to discuss your business, services, products and operations with an experienced Insurance Agent to ensure there are no gaps left by your Insurance Plan. The amount of coverage your business needs depends on a variety of factors, including Risk, Location, and Industry.