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Business Insurance

from J. K. Meadors & Co

Business Insurance

For both established businesses and new startups, having business insurance is essential to protecting your assets. Not only do you have property to secure, you also need to think about protecting yourself from liability exposure and covering your employees in case of injury. 

That’s why we offer an array of business insurance products that meet every need. If fire, theft, vandalism, or a disastrous weather event occurs, you don’t have to pay out of your own pocket to get back on your feet again. 

Property Insurance

Property insurance for your business is similar to homeowner insurance for your place of residence. For your business it would cover: 

  • Your office or other buildings like warehouses
  • The contents of your business structures
  • Tools and equipment
  • Inventory you need to do business

We can also add special policies that provide extra coverage for: 

  • Property you use away from your business premises
  • Earthquake or flood damage
  • Loss of business income when services are interrupted
  • Computer virus attacks and electrical power surges (electronic data processing)

Commercial Liability Insurance 

Commercial liability insurance, AKA general liability insurance, is equally important for your business. Even the best businesses can be open to liability exposure, and without insurance, your business assets, and perhaps even your personal assets, are at risk in a lawsuit judgment against you. Commercial liability insurance offers broad protection from common business liabilities.

For certain types of businesses, there are highly specialized types of liability insurance that may provide further protection: 

  • Errors and omissions insurance: recommended for attorneys, accountants, engineers, architects, insurance agents, and tech companies. 
  • Employment practices liability insurance: this covers employment-related liability beyond injuries sustained on the job, including discrimination, wrongful termination, sexual harassment, and violations of employees rights. 
  • Directors and officers insurance: protects the business’s leaders from liability related to omissions, negligent acts, and misleading statements.

Business Umbrella Insurance

Your business liability insurance has a claim limit. Many business owners feel better protected when they add umbrella insurance that begins where your commercial liability policy leaves off. Our agents can help you calculate the amount of liability insurance you should carry for your industry, business size, and budget.

Commercial Auto Insurance

We provide many different commercial auto insurance options for you because we know every business is different when it comes to their vehicles. Our most popular policies include elements such as: 

  • Liability 
  • Collision
  • Comprehensive
  • Rented vehicles for work
  • Use of personal vehicles

We have two main goals with our commercial auto policies: to protect you and your employees when it comes to legal liability involving personal injury or property damage and to get your business and vehicle back to normal ASAP after an accident. We also cover your vehicles in the event of theft, vandalism, or many weather-related incidents. 

Workers Compensation Insurance

Your employees are the backbone of your business. What would happen if one were injured on the job? They could be out of work long term, and you could be held responsible for their medical care, rehabilitation, and lost wages.

This is why we provide workers compensation insurance. We can protect your business in case of a lawsuit involving a workers comp claim and help your employees with things like prescriptions, disability, and nursing care after an injury. 

Bonds

In business, your word means everything. But, what if you can’t fulfill a contract or encounter a liability situation because of circumstances beyond your control? For example, if you’re a small contractor, you may promise your client to have a job done by a certain date. However, if your subcontractors fail to honor their contracts, you are left holding the bag. 

A commercial bond protects you if someone with whom you work breaks a promise or fails to fulfill their part of a contract that affects your work. There are many types of bonds, not just for construction. Ask us about bonds for public officials, court and probate officers, and those who deal with permits and licenses. 

We are here to help you find the business insurance products to best protect your business and afford you peace of mind. Don’t let your business go under because of a lack of insurance coverage. Call J. K. Meadors & Co at 405-377-0000 today to learn how we can tailor a business policy for your one-of-a-kind needs.