Business Insurance

Every industry faces risks, no matter their size, location, or focus. That's why Concklin Insurance Agency 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 hiring well-trained, experienced professionals.

It is our conviction 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, our staff transcends from Insurance Agents to Trusted Insurance Advisors.

Business Owner’s Policy (BOP) is a commercial package policy designed for small and mid-sized businesses. It packages together Property coverage and General Liability into a single policy with a common declarations page and policy conditions.

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.

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. Whether you own your own building, lease or work from home, commercial property insurance provides coverage for your business owned assets, including: Building Equipment Furniture Tools Inventory Personal Property

Commercial Package Policies (CPP) packages together property insurance and general liability into a single policy designed for large businesses. These policies share a common declarations page and policy conditions. Occasionally Farm Coverage is used instead of Building and Personal Property coverages.

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.

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. A wrongful employment practices claim, even if false, can disrupt business, hurt morale, damage your reputation and potentially lead to financial damages. Employment Practices Liability Insurance provides businesses protection from these risks.

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. Even if you are confident in your cyber security, you could still be held liable for a cyber breach that occurs to one of your service providers.  Many companies use service providers that must have access to sensitive data to carry out their work. When their systems are not secure and your data is exposed in their data breaches, you may be liable. These services range from Payroll Processors, to Online Storage, and regardless of any contractual terms, it can be difficult to shift liability away from your company.

Commercial Auto insurance is important to protect your drivers, and the vehicles your business owns, leases or rents for a variety of tasks. whether transporting materials, driving to meet clients, making deliveries, or taking tools to a worksite, companies of all kinds rely on vehicles in their day to day operations. Commercial Auto insurance isn't just for large fleets.  Any car, truck, van, or similar vehicle used as part of your operations needs to be covered.

Hired Non-Owned Auto Insurance applies when an employee is using their personal vehicle for business-related activities.  Regardless of your industry, it is likely employees use vehicles for business purposes, such as client visits, going to the bank, dropping off materials, or picking up supplies.   However, the most common activity employees use their personal vehicles for is delivery.  This is especially evident in the pizza restaurant space.

Commercial Umbrella Insurance is an additional layer of protection for liability claims that exceed your other liability limits.  Meaning if your company is found liable for a large financial sum, first your other liability coverage (such as a General Liability policy) would kick in to cover the amount, and then your umbrella policy would respond to cover the remaining amount up to your policy limits. 

Commercial Inland Marine covers products, materials and equipment when transported over land or while being temporarily stored in a warehouse by a third party. The name may be confusing since it contains "Marine". Many people assume it must have something to do with water.  However, when you consider that marine insurance, which covers products being transported over water, originated first it is easy to see how the name evolved when coverage extended to "in" land transportation. For many businesses, the coverage provided by their Business Owner's Policy protects property stored at specific locations or when traveling with employees to near by job sites.  However, if your business regularly ships high value property or material this coverage may not be sufficient. It is best to talk to an experienced Insurance Advisor when weighing the need for coverage.

Builder's Risk Insurance is a specialized type of property insurance that provides protection for buildings and structures that are under construction. This type of policy protects the project owner, contractors and subcontractors against direct physical loss or damage to the covered property. Typically, this coverage extends to materials and supplies that are onsite, in transit, or being stored temporarily off-site - if they are intended to become a permanent part of the property.

Crime Insurance protects businesses from business-related crime, including fraud, embezzlement, robbery, theft, and forgery. This policy typically covers property loss, such as cash, merchandise, and assets.  Crime Insurance is an important part of a business's insurance program because Commercial Property Insurance usually exclude crime related losses.

Business interruption insurance replaces lost income (and potentially other expenses) when a business is closed due to a disaster that results in physical damage to the business such as a fire or storm. Typically, this is not a standalone policy, but rather is an add on to a commercial property policy or part of a package policy such as a Business Owner’s Policy (BOP) or Commercial Package Policy. (CPP)

Liquor Liability Insurance offers coverage against claims of property damage and injuries that are the result of the consumption of alcohol. Commonly this coverage is closely associated with taverns, bars, nightclubs, and restaurants that serve alcohol. Coverage requirements vary by State Law and it is important you talk to a qualified Insurance Advisor about what coverage is required for your business.

CEO reading the Business paper
Directors and Officers face significant management liability exposures.  Management Liability, also called Directors and Officers Liability (D&O), offers liability coverage solutions for company directors, officers, Trustees, and management who make decisions on behalf of the company.  It is important to note that this coverage does not extend to all employees.   Typically this coverage is not included in a standard Business Owners Policy and would need to be purchased as additional coverage. Management Liability Insurance may also include a number of other insurance solutions depending on your policy and can be customized to suit your needs.

As a professional in your industry you provide services and/or advice to clients.  You are great at what you do, but mistakes can happen either as an error or an omission, and if one costs your client financially you could be looking at a lawsuit. This is where Professional Liability Insurance comes in to play.  Professional liability, sometimes called Errors & Omissions (E&O) insurance helps protect you and your company against a claim that professional services or advice you provided caused a client financial harm due to mistakes on your business’s part. A mistake can either be an error, an omission, and/or a failure to perform some service.