Every morning you open for business, there’s the opportunity for a lot of things to go right. Most days, they do. But every so often, you’ll have a day when something goes wrong. When it does, having the right insurance coverage will be important.

Today’s businesses face many different kinds of risks, making the need to carry several different types of insurance a must-do. With Lockton Affinity, you’ve got options that are tailored to the unique risks your business faces. Our insurance solutions can provide affordable and comprehensive risk protection, so that you can get back focusing on your business.

Here’s a look at your insurance options from Lockton Affinity, including information about what these policies cover and why they may be necessary to protect your business.

General Liability

Your business can face third-party exposures from your normal operations, finished products and professional services, plus any incidents that occur on your business premises. General liability insurance is designed to protect against these common commercial risks and covers bodily injury, property damage, personal injury and other related claims.

Property Coverage

Your business’s property is another key exposure that requires specific protection. Property coverage is designed to protect against the physical loss or damage to your building and its contents. The coverage you receive can be tailored to protect the property your business requires to operate. Policies are available that can help you protect your leasehold improvements, specialty equipment, property in transit, off-premises property, accounts receivable and valuable papers.

Professional Liability

Businesses which provide certain professional services may face additional liability risks that aren’t covered by a general liability policy. For these exposures, professional liability insurance (also known as errors and omission insurance) is must-have coverage. Professional liability is designed to cover the cost of certain legal fees, judgments and settlements brought against you for the services you provide. Negligence, professional mistakes, breach of contract claims and more are typically covered.

Umbrella Liability

Historically, liability claims have varied widely. Most can be settled relatively quickly at a modest to moderate expense. Yet every year, there will be a few businesses that face an extraordinarily lengthy and costly claim. In these situations, having an umbrella liability policy in place can make all the difference. An umbrella policy is designed to shield your business from claim amounts larger than the limits offered by your primary insurance policies. After the primary policy responding to the claim has been exhausted, an umbrella policy can respond, providing additional coverage for losses which your business would otherwise face alone.

Commercial Auto

Transportation accidents are a common occurrence, not only for private vehicle owners but for commercial businesses as well. A commercial auto policy is a must to protect your company vehicles as well as your business assets. Commercial auto insurance covers you in the event a company vehicle incurs physical damage or causes physical damage or bodily injury to third parties. Hired and non-owned coverage can also be obtained to cover vehicles you hire, rent or borrow, and vehicles owned by owners, when used for business purposes.

Workers’ Compensation

Even for businesses with great safety records, injuries on the job are all too common. Workers’ compensation insurance exists to protect both workers and the businesses they work for in the event of a work-related injury or illness. This insurance coverage is mandated by most states and covers lost wages and medical treatment for your employees. On-the-job incidents are covered regardless of who is at fault. Workers’ compensation policies are written to follow individual state laws.

Employment Practices Liability

There are a number of risks your business takes on when you hire employees. Employment laws are complex and businesses can be sued by an employee for a variety of reasons. Employment practices liability insurance or EPLI is designed to protect businesses from claims made by their employees and certain other claims made by third parties. This type of policy protects against employee claims of wrongful termination, workplace discrimination based on legally protected characteristics such as sex, race, age and disability, as well as other employment-related issues. EPLI can also provide protection for claims of discrimination brought against your business by third parties who are not your employees.

Insurance for Your Business

With Lockton Affinity, you receive more than great insurance. Our friendly and knowledgeable representatives work with your business to provide answers and find solutions that are tailored to your needs. Plus, we make getting the coverage you need quick and efficient.

Contact Lockton Affinity’s dedicated insurance representatives today at (866) 879-9024 to get started. They’ll be happy to talk through your risks and insurance needs.