Business Insurance

General Liability and Property

Businesses whether large or small, low risk or high risk, need protection for their premises, operations, and completed products. 

Our agency is able to provide for such needs through our ability to access standard markets or specialty lines insurance carriers. 

Large businesses with various locations and large receipts are usually insured with a commercial package policy that tailors and bundles the various lines of insurance into one policy. For smaller less complicated businesses we offer a business owners policy or "BOP." 

This type of insurance combines general liability and property insurance into one policy and is usually appropriate for the small artisan contractor, retail, office, and service types of business. Call Stratford Insurance Financial Services for an appointment.

Workers' Compensation

Businesses are required by law to carry workers' compensation insurance for the protection of their employees. 

We offer coverage for most types of business and are able to place most businesses with standard markets through national insurance carriers that offer risk control and management as part of their program as well as various payment options. 

We also have access through specialty programs for higher-risk businesses and those types of operations deemed less acceptable by standard insurance companies.

Commercial Auto

Our agency can provide commercial auto liability from the small pickup truck of the artisan, to the fleet of a large trucking operation. 

We are able to offer motor truck cargo liability for the large trucking operation as well as bob-tail insurance for the small independent owner-operator. We are also able to place coverage for taxis and limousines.

Professional Liability

For businesses engaged in areas of expertise that require state licensing, a certain amount of higher education, and are bound by law to provide competent service. This is because special knowledge and skills, professional liability, errors, and omissions or what is commonly called malpractice insurance are needed.

Professional liability is usually excluded from the general liability of the business and requires an additional policy to protect the professional in the event of an error or omission while performing or failing to perform a professional service.

Our programs for these lines are state of the art and are placed through our national insurance companies and offer such benefits as risk management, industry newsletters, pre-claims advice, and for some professions, continuing educations programs.

While most companies only dabble in this area, we have come to align ourselves with insurance carriers that have experts in each field and are able to advise both the agent and the insured about potential gaps in coverage.

It is not always advisable to have different insurance carriers providing the general liability and professional liability because of the potential for claims conflicts. 

While this situation is not always possible to avoid, we have a professional liability program that dovetails the business owners or general liability policy with the professional liability to help avoid coverage gaps.

• Lawyers
  
• Accountants
  
• Computer consultants
  
• Real estate agents
  
• Architects and engineers

Data and Privacy Liability - Cyber Liability, Commercial Specialty 

Businesses that either transmit, process, or store personally identifiable information are required to protect that data from going into the public domain.

Personally identifiable information is data that contains dates of birth, credit card numbers, driver’s license numbers, or health information. A business cannot transfer its liability to a third party such as a cloud company.

The responsibility of the data is with the business that originally generates, processes, transmits, or stores such data. Data can be in the form of electronic or held on paper within a file cabinet.

If a business should encounter a breach in their computer security that business is required to notify each state in which the data breach could have occurred and that business could be subject to fines and penalties for not protecting their customer’s data. The business that was breached could be responsible for any fraud that occurs as well as monitoring each customer’s credit for a period of one to two years.

This line of insurance coverage is becoming ever more important. Larger businesses are becoming more aware of their potential vulnerability and are thus spending more on technology in order to protect themselves electronically.

Therefore, the smaller businesses have become more of a target for a computer breach as well becoming a target for computer ransom.

We have available to us insurance carriers that can provide insurance protection in case your data gets destroyed or your business loses income due to a computer breach, ransom, or be liable for the disclosure to your customer’s identity or privacy.

The insurance carriers that we use have a breach team available to assist in containing a breach as well as advising who and when to notify the appropriate parties. Our insurance carriers are proactive in preventing a breach of data and most offer webinars to educate employers and employees about protecting data.

It is not always advisable to have different insurance carriers providing the general liability and professional liability because of the potential for claims conflicts. 

While this situation is not always possible to avoid, we have a professional liability program that dovetails the business owners or general liability policy with the professional liability to help avoid coverage gaps.