Businesses in all types of industry, from oil and gas to manufacturing and telecommunications face a number of different risks every single day. Now, of course many of the risks are unique to each industry, but with a little help, you can create a comprehensive portfolio of coverage that’s unique to your business’ specific risks.
Fortunately, our independent insurance agents are here to eliminate the hassle of searching on your own by walking you through a hand-picked selection of top insurance policies to cover both your business and your employees. But first, let’s talk more about the protection you need and why you need it.
Industrial insurance is considered the same as workers compensation in some areas. However, for many companies, industrial insurance is a broad set of coverage that protects both commercial operations and employees. For that reason, industrial insurance falls into two categories:
Workers compensation has several important features, and is designed to protect both your workers and you, the employer.
Here’s a few key facts you should know:
It’s important to find a knowledgeable local independent insurance agent who knows all about your state's laws and requirements. But regardless of your state's requirements, you may want to evaluate your company’s workers comp plan to protect your business from employee on-the-job injuries.
Some states allow you to self-insure if you have the financial capability to do so and have an active accident prevention program. Your state’s Department of Insurance, or another agency may oversee your self-insurance program.
No matter what industry you work in, there's a customized industrial insurance program to meet your specialized needs. Here are some of the industries covered:
The specific coverage plan your company needs will depend upon a number of different factors, like the materials you handle, work environment risks, customer risks, and the size of your workforce.
For example, your organization may need some sort of combo that includes:
You may also need other specific coverage types to meet your full risk management requirements. For example, you may need "directors and officers liability" insurance to cover company leadership actions, or you may want a business umbrella policy to provide excess liability protection from any catastrophic legal claims against your company.
An independent insurance agent who specializes in business insurance can meet all of your commercial coverage needs out of one office.
Independent insurance agents excel at matching the most appropriate policy to the business in need. Shopping around for insurance policies can be tricky, confusing, and time-consuming, and an independent insurance agent's role is to simplify the process.
They’re also there to help make sure you get the absolute best deal, and the one that meets your unique needs. They shop and compare insurance quotes for you, and they'll break down all the jargon so that you understand exactly what you're getting.
Our agents will review your needs and help you evaluate which industrial insurance policy makes the most sense. They'll also compare policies and quotes from multiple insurance companies to make sure you have the best protection out there. They'll hook you up — in a comprehensive and affordable way.