Business Insurance – Updated Design2021-05-10T09:37:17-04:00

Business Insurance Quotes

Business Insurance Quotes

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Quotes from 100+ Carriers:

Save up to 37% with Fearnow Insurance

Business Insurance carriers offer policies that combine protection for all major property and liability risks in one package. They also sell coverages separately. One package purchased by small and mid-sized businesses is the Business Owners policy (BOP). Package policies are created for businesses that generally face the same kind and degree of risk. Larger companies might purchase a Commercial Package policy or customize their policies to meet the special risks they face.

BOPs include:

1. Property insurance for buildings and contents owned by the company. There are two different forms, standard and special, which provide more comprehensive coverage.

2. Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.

3. Liability protection, which protects against your company’s legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do, or fail to do, in your business operations that may cause bodily injury or property damage due to defective products, faulty installations, or errors in services provided.

BOPs do not cover Professional Liability, Auto insurance, Workers’ Compensation, Key Person insurance, or Health and Disability insurance. You will need separate insurance policies to cover professional services, vehicles, and your employees. Discuss all of your Business Insurance needs with your insurance agent to determine the best Business Insurance packages for your company.

What Our Customers Say:

Joseph Boyle was exceptionally prompted and was able to provide me with the best rate and coverage possible for my new home. Thank you for your support, positive energy, transparency and attention during a memorable milestone for our family.
Jeannette Gonzalez
17:38 22 May 21
Great quote for a difficult homeowners policy and great customer service so far. Have heard several positive word-of-mouth reviews. Thank you, Taunya, for your assistance!
Aaron Hilsinger
16:21 06 May 21
sent an email, got timely contact, personal and personable service from Joe and saved significantly on auto - definitely easy and pleasant!
Scott Leu
22:05 24 Apr 21
Thank you Taunya for helping me save over $1000.00 a year on my home and auto insurance. I have already referred friends and family!!
Marianna Enlow
21:44 06 Apr 21
Always a pleasure to deal with these folks. Knowledgeable, friendly and responsive. Talked to Lydia today and she handled my change request promptly and expertly.
Richard Albritton
19:44 05 Apr 21
Ken was my Knight and shinning armor. I needed commercial insurance on the fly and even though he was busy he worked extra hard to help me out. If you are looking for great insurance go through Fearnow they got your back. He listened to all my needs and found the best policy. He deserves a raise.
Erica Cole
14:20 23 Mar 21
Taunya Gaddie helped me with my homeowner and auto insurance policies and saved me a lot of money. She was very knowledgeable and courteous. I am glad I found Fearnow Insurance
Mark Skinner
20:56 12 Mar 21
The Whole crew at Fearnow takes great care of our family. No matter what we are needing from auto to homeowner policies. Especially Tori and Matt
jay hominsky
22:02 25 Feb 21
Great place to deal with! Always helpful and professional!
Michelle Hominsky
21:58 25 Feb 21
Fearnow Insurance handles all of our insurance and payroll needs. The staff in general is responsive and professional especially Sara Chieffalo in the payroll department as she skillfully and cheerfully helped us migrate from one payroll service to Fearnow at a great savings.
Edward Wallace
18:55 22 Feb 21

The Fearnow Agency Advantage

  • We work for you, not the insurance carriers, to ensure your claims are processed efficiently and are paid out quickly.
  • Unlike a single-company agency, we have access to over 100 carriers, so we’re never limited in the services we can provide you.
  • We can save you up to 37% in insurance cost, or get better coverage for the same cost.
  • We always provide full disclosure of plan inclusions and exclusions.
  • We offer customized plans tailored specifically to your needs, instead of forcing you into a pre-packaged solution that won’t really work for you.
  • Our agents are continuously training, so they stay the leading experts in their field.

Professional Liability Insurance

Professionals that operate their own businesses, or in-home businesses if you have anoffice in your home, should purchase Professional Liability insurance in addition to a Business Owners policy. This protects against financial losses from lawsuits filed against them by their clients.

Professionals are expected to have extensive technical knowledge or training in their particular area of expertise. They are also expected to perform the services for which they were hired, according to the standards of conduct in their profession. If they fail to use the degree of skill expected of them, they can be held responsible in a court of law for any harm they cause to another person or business. When liability is limited to acts of negligence, Professional Liability insurance may be called “Errors and Omissions” liability. Professional Liability insurance may be referred to as Errors and Omissions Coverage or Malpractice Insurance for those in the medical field.

Professional Liability insurance is a specialty coverage. Professional Liability coverage is not provided under Homeowners’ endorsements, In-Home Business policies, or Business Owners policies (BOPs).

Commercial Auto Insurance

As a business owner, you need the same kind of insurance coverages for the car you use in your business as you do for a car used for personal travel – Liability, Collision, Comprehensive, Medical Payments, Personal Injury Protection, and coverage for Uninsured Motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the “principal insured” rather than your name. This will avoid possible confusion in the event that you need to file a claim or if a claim is filed against you.

Whether you need to buy a Business Auto insurance policy will depend on the kind of driving you do. A good insurance agent will ask you many details about how you use vehicles in your business, who will be driving them, and whether employees, if you have them, are likely to be driving their own cars for your business.

While the major coverages are the same, a Business Auto policy differs from a Personal Auto policy in many technical respects. Ask your insurance agent to explain all the differences and options.

If you have a Personal Umbrella Liability policy, there’s generally an exclusion for business-related liability. Make sure you have sufficient auto liability coverage.

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Workers’ Compensation Insurance

Workers’ Compensation insurance is a type of business coverage that is purchased by the employer that provides benefits to the employee in the event of a job-related injury, regardless of who was at fault. Job-related injuries can include physical injuries, illnesses, and even some psychological or stress-related injuries caused by performing job tasks. Florida law requires all employers to purchase Workers’ Compensation coverage when they have four or more employees. There are some differences in employee count for certain industries such as construction companies or farmers. This type of coverage also makes employers immune from some injury lawsuits by employees.

Extra Expense Insurance

Extra Expense insurance reimburses your company for a reasonable sum of money that it spends, over and above normal operating expenses, to avoid having to shut down during a restoration period. Usually, extra expenses will be paid if they help to decrease business interruption costs. In some instances, Extra Expense insurance alone may provide sufficient coverage without the purchase of Business Interruption insurance.

Key Person Insurance

Key Person insurance is essentially a Life insurance policy on a key employee (someone, likely yourself, the business owner, who without them, the business would likely fail).  The business is the policy’s beneficiary. Should the key employee pass away suddenly, Key Person insurance pays the benefit to the company, allowing the company to stay afloat during the loss of the main employee.  The benefit can be used to continue the business until a replacement is found or to pay off any outstanding debt, pay investors, and even supply a severance for the remaining employees while the business is closed down or sold.

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