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Property and Liability Insurance

Property Insurance

Commercial Property

Most package policies provide a liability insurance limit of $1 million for any one loss and a cap of approximately $2 million in any one year. For many businesses, this limit is inadequate for real economic security.

As a result, Fortitude Insurance Group can provide your business with an additional layer of protection in million-dollar increments that are immediately available.

In working with commercial business clients for over 20 years, Fortitude Insurance Group recognizes the need to make certain that all your potential business liabilities are covered in a way that will guarantee your organization will not be interrupted – or worse – do to a liability issue or claim.

Business Interruption

If your business suffers a property loss it could cause the business to slow or close down while repairs are made. This may mean a complete or partial revenue loss depending on the time frame and the damage.

From the time the loss occurs until your business is running again, Fortitude Insurance Group can you provide you coverage that will replace your lost profits and provide a source of money to pay your necessary continuing expenses, like rent, payroll and taxes under your business is up and running again.

In working with businesses and organizations over th last twenty years we've found that most business owners or insurance managers are not completely familiar with the value of Business Interruption Insurance. Contact Fortitude Insurance Group today to find out how this coverage could be an important part of your overall business insurance and financial planning portfolio.


Liability Insurance

General Liability

Normally, it is difficult for businesses or general contractors to work without general liability insurance.

General liability insurance is intended to guard operators and owners of companies from claims that may come from a broad spectrum of sources. These exposures could be just about anything, including liability engendered by accidents from the operations of the insured party, contractual liability, products manufactured by the insured party, etc.

The liability limits you select, whether it is one, two, three million dollars or more determines the cost of general liability insurance. Also factored into the rates are the kind of work undertaken, gross receipts and total payroll expenses associated with your organization.

Similar to auto insurance, when it comes to general liability insurance, you will first have to make a down payment and then follow it up with installments. Before buying general liability insurance, it is best to compare the quotes available in the market, which Fortitude Insurance Group can assist you with.

It is the business owner's or general contractor’s job to make sure that the people working under him/her are covered by an insurance policy. If for example, a person who is not a part of the project gets injured, the injured person’s lawyer can target just about anyone involved in the project. The more individuals that are involved, the greater the chances of a successful lawsuit.

Fortitude Insurance Group recognizes that General Liability Insurance is critical to the protection of any business or general contractor and can provide you with a number of unique solutions to fit your organizations size, staff, industry or coverage requirements.

Contractor's Liability

Contractor's General Liability insurance is provided for residential and commercial builders, general contractors, construction managers, design and build firms, specialty contractors or subcontractors, owners or public and private construction projects.

Fortitude Insurance Group General Liability insurance solutions offer contractor policies for every type of project, including:

  • Property
  • Builders risk insurance and course of construction
  • Liability insurance
  • General liability insurance
  • Contractor insurance
  • Commercial auto
  • Umbrella
  • Workers compensation
  • Railroad protective
  • Equipment insurance
  • Contractor bond

At Fortitude Insurance Group we work with all types of contractors and are very familiar with the unique needs of this important industry.

Contact Fortitude Insurance today to find out how we can help you with your specific needs.

Liquor Liability

Liquor Liability Insurance is designed to provide liability insurance protection for those businesses who manufacture, distribute, or sell liquor.

A company needs liquor liability insurance if you sell liquor and your business is a:

  • Bar
  • Tavern
  • Nightclub
  • Fraternal Club
  • Convenience Store
  • Liquor Store
  • Restaurant

Fortitude Insurance Group can work with your specific business or organization to ensure that your liquor liability and risk is mitigated to insure you against loss, business continuity or financial litigation.

Product Liability

Product liability insurance protects your business in case a product you provide causes harm to a user or a user's property.

A "product" is anything that is tangibly used, touched, or consumed. This type of insurance is recommended for every business that manufactures a product, but is especially important for companies that produce food, clothing, toys or anything else that could conceivably cause harm to someone.

Most Business Owners Policies (BOP) include limited product liability coverage. If, for some reason, you do not have this coverage through a Business Owner's Policy and your product runs the risk of inflicting harm on other people, you may need to buy product liability separately.

Similarly, if your product presents a higher risk of injury (for example, it contains a hazardous material), you may need to purchase additional coverage.

Employment Practice Liability

Employment Practices Liability provides protection for an employer against claims made by employees, former employees, or potential employees. We covers your business or school against discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations. It covers teachers, administrative employees, including its Directors and Officers.

We recommend you obtain Employment Practices Liability Insurance before you start to hire employees. Most investors and directors will require that you carry this coverage as part of your Directors and Officers Liability Insurance since they can also be held liable in suits relating to employment practices.


Directors and Officers Liability

Directors and Officers Liability Insurance provides financial protection for the directors and officers of your company in the event they are sued in conjunction with the performance of their duties as they relate to the business.

At Fortitude Insurance Group we suggest our clients consider Directors and Officers Insurance as a liability policy that protects your Board and executive level teams from inadvertent errors, omissions or overlooked mistakes by anyone within the organization.

Note: Standard Directors and Officers Liability is not the same as an Errors & Omissions Liability policy. An Errors & Omissions Liability policy is strictly concerned with the performance failures and negligence with respect to your products and services, not the performance and duties of your management, executive or Board individuals.

Generally, we suggest that it is often a good idea to carry both Directors and Officers Liability Insurance as well as an Errors and Omissions Liability policy. Fortitude Insurance Group can work directly with your organization to determine your needs and provide the exact type and level of coverage best suited for your particular requirements.


School Leaders Errors and Omissions Liability


 

Automobile Insurance

A commercial automobile insurance policy is required under almost all circumstances when the vehicle is used for business purposes or meets certain other business related requirements.

Not just the type, but also how you use your business related vehicles
It is not just the type of vehicle or the registration that determines the requirement for a business automobile insurance policy. Other requirements may include ownership by a corporation, use in hauling goods for hire, and gross vehicle weight of the vehicle. Depending on use, for example, even some small trucks that are used for business purposes can be owned and insured under a personal automobile insurance policy.

No matter what your circumstance may be, Fortitude Insurance can help determine what type of policy is right for you and provide you coverage at the most affordable rate available.

Commercial automobile insurance policies are not regulated in pricing, as are private passenger policies, so there is greater price competition between insurance companies for good commercial automobile insurance. Call us today to find our more information.


Commercial Umbrella

Most package policies provide a liability insurance limit of $1 million for any one loss and a cap of approximately $2 million in any one year. For many businesses, this limit is inadequate for real economic security.

As a result, Fortitude Insurance Group can provide your business with an additional layer of protection in million-dollar increments that are immediately available.

In working with commercial business clients for over 20 years, Fortitude Insurance Group recognizes the need to make certain that all your potential business liabilities are covered in a way that will guarantee your organization will not be interrupted – or worse – do to a liability issue or claim.


Business Owners Package

A Business Owner Package policy, commonly called a "BOP", contains many of the insurance coverages needed by most small businesses all organized in one convenient, cost effective and easy to manage policy.

Making sense of your business ownership insurance options
As these policies are not standardized in terms of coverage or cost, there is often great variation from insurance company to insurance company even though there are certain common elements. Fortitude Insurance Group can help you make sense of all these options.

The basic BOP offers coverage for business property, buildings and contents while the associated liability insurance provides protection for the ongoing operation of your business. BOP liability protection generally includes coverage for both the operation of your business at its established location as well as liability from your products or completed operations. Some, but not all of the policies, will also offer business income and extra expense protection after an insured loss.

While BOP policies do provide many of the coverages required for a small business, it is important to recognize that they do not include any forms of workers’ compensation, professional liability or business vehicle coverage. These health benefit and insurance coverage needs would need to be provided under separate policies.


Surety Bonds

At Fortitude Insurance Group we work with many of the country's top-rated surety companies to secure:

  • Contract Payment and Performance Bonds
  • Fidelity Bonds on Employees
  • Code Compliance Bonds
  • Judicial and Court Bonds, including estate guardianship and repletion bonds
  • Professional Service Bonds

Our objective is to help our clients in any way they may need and providing surety bonds or other services is just one aspect of this approach.

Call us today to find out more detail about our Surety Bond services.

Contact Fortitude today to learn more about our coverage packages