At Doner-Horsley we will work with you the business owner to choose the coverage’s that meets the needs of your particular business. We will meet with you to conduct a thorough and detailed review of your operation to fully understand all aspects of your company. We will than evaluate all possible exposures to create a customized plan for you.
Commercial insurance can be intimidating but our insurance specialists will explain the policy in terms that you will understand. We have the experience and expertise to meet the challenging needs of business owners.
We Typically Break Commercial Insurance Down into 3 Main Categories:
This refers to the basic property coverage, including the replacement value of your building, any building improvements and equipment, and the value of inventory.
What is covered under property insurance?
- Liability Insurance
- Buildings and Contents Insurance
- Inventory Insurance
- Contractors equipment and tools
- Loss of Income
The team at Doner-Horsley will work with you in any of the above instances to determine the replacement value of your building taking into account the size and features of the building. With this in mind, it can be recommended that you have the buildings appraised by a professional appraiser or builder for accuracy. You should discuss with your accountant the value of improvements at hand, along with equipment and stock. Property coverage deductibles may be anywhere from $500 to $5,000. Some businesses will prefer to save on premium costs by moving to a higher deductible.
Loss of Income as a Result of Interruption in Premises, Equipment or Stock
It takes time and effort to build a business and establish a customer base regardless of your particular industry or business size. Loss of income insurance or Business Interruption Insurance is available in the event that your company experiences a fire or any other insured loss, detrimental enough that you are forced to close your doors. Each day your business stays closed, you in turn lose anticipated revenue. Lost income and daily operation costs are also covered with business interruption insurance.
Due to the fact that Business Interruption Insurance is available in a variety of options, we’ll discuss with you several choices, and address any concerns or characteristics about your business that may affect what coverage is most suitable. Your coverage will reflect the needs of your business only, as with all of our insurance options we will tailor packages on a unique basis.
Liability protection may be the most crucial aspect of a business insurance program. Why? With this coverage, should a claim be made by a customer or anyone else that your business has been in contact with against your business, you are covered and protected. These claims may refer to bodily injury or property damage inadvertently caused by your business.
Liability insurance will look after the legal fees as well as covering any damage costs to keep your company protected from financial burdens. Sometimes these claims can wind up costing your business if litigation does in fact take place, even if the claims cannot be proven there will still be significant legal fees associated with the claim.
We offer commercial insurance coverage including:
- Commercial general liability
- Errors or omissions
- Cyber liability
- Tenant legal liability
- Environmental liability
- Event liability – eg weddings
The following is a partial list of business classes and coverage’s that we have to offer.
- Retail plazas
- Apartment buildings
- Condominiums buildings
- Manufacturing plants
- Builders risk programs
Retail! Wholesale operations
- Food industry
- Fashion industry
- Gift / houseware
- Sporting goods
- Medical / dental offices
- Advertising agencies
- Architects / engineers
Specialized coverage’s including:
- Bonding – bid & performance
- Directors and officers liability
- Errors and omissions
- Equipment breakdown
- Heating & Air