Business Insurance in Wisconsin

Additional Commercial Coverages

Do you have the insurance coverage you need?

Flood
Is your building and property protected in the event of a flood? Unfortunately, most businesses are not adequately covered, as flood losses are a common exclusion in insurance policies. A flood may occur at any time simply from an unexpected, heavy rainstorm. Flood coverage is available for any eligible buildings, and their contents, which are located in communities that participate in the National Flood Insurance Program (NFIP) throughout the United States. Call one of our specialists for more information on why you should consider flood coverage.

Crime
Crime coverage protects you for virtually all losses due to crime or criminal activities, including damage to your premises, employee dishonesty, loss/theft of money and securities, extortion, and computer fraud. Let us determine what crime risks your business should be protected from.

Inland Marine / Contractor’s Equipment
Inland marine coverage protects property and equipment that doesn’t remain in one location, but travels with you to different job sites or is involved in transportation. This coverage includes miscellaneous tools and equipment, and heavy machinery such as fork lifts or cranes.

Business Income & Extra Expense
Business income with extra expense is an important addition to the commercial policy that protects your business net profit and payment of continuing expenses if your business is interrupted by a covered loss. Business income is the actual loss of business income after a loss that "suspends your operations". It includes any extra expenses you incur to avoid or minimize that "suspension of operations" including net profits, payroll, taxes, interest, rents, and other continuing expenses. This coverage may be written in several different ways including “actual loss sustained” for a period of time (such as 12 months) or with an actual limit listed (such as $10,000).

Equipment Breakdown / Boiler
Equipment (or systems) breakdown and boiler insurance provides coverage for accidental breakdown or explosion of electrical and mechanical equipment, air conditioning and refrigeration, boilers, pressure vessels, excluding production and processing equipment. This coverage protects the property you own and property of others in your care, custody or control or for which you're legally liable. Coverage extends to defense against suits for property damage.

Ocean Marine / Cargo
Ocean marine and cargo coverage protects property while in transit for companies shipping items such as:

Air Freight Carriers
Customs Brokers
Distributors
Freight Forwarders
Importers and Exporters
Logistics Providers
Manufacturers
Wholesalers and Retailers

Fiduciary Liability Insurance
Fiduciary liability covers losses arising out of alleged errors or omissions in handling the funds of pension and profit sharing plans in accordance with the 1974 federal ERISA Act, which makes the fiduciaries of the plans individually responsible for such acts. The employer cannot assume this individual responsibility. The ERISA Act has a very broad definition of fiduciary, which includes anyone with any type of discretionary power, including the selection of trustees.

This insurance coverage is generally recommended for medium-sized to larger companies that offer a pension or profit sharing plan.

Additional Commercial Coverages

Do you have the insurance coverage you need?

Contact an Insurance Specialist

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