Commercial Insurance Policies
The Facts About Commercial Insurance
Business owners should carefully consider their commercial insurance needs, which offer a range of vital protection related to the business. From vehicles to property and the employees within the business, owners can safeguard their investment and lessen the risk of a scenario affecting its growth and presence.
The following areas represent some of the primary commercial insurance needs that any business should approach. Contact Donald R. Weaver Insurance Inc to find out more about any of the commercial insurance policies listed below.
Commercial Insurance is not a one size fits all.
Get information on the different types of commercial insurance below:
Business Insurance Packages
We specialize in a variety of small business insurance packages, view our options below.
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Towing
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Food Truck
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Home Health Care
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RV Park & Campground
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Reviews
Related Services
Commercial Auto
Donald R. Weaver Insurance Inc
A vehicle that is used within the context of business must have its own policy; a personal car insurance policy is not enough, as it won’t cover
items that relate to business. If your business uses vehicles to perform routine or even occasional operations, a commercial auto policy is a must.
Commercial General Liability Insurance (CGL)
Donald R. Weaver Insurance Inc
Bodily injury, property damage, personal injury, and advertising injury are covered with a CGL policy. A convenient catch-all type of policy, many businesses can use it as a starting point for their insurance needs – in terms of liability.
Commercial Property Insurance
Donald R. Weaver Insurance Inc
A commercial property insurance policy could be thought of as a commercial version of a homeowners policy. You will find similar covered items, such as fire, theft, and natural disasters that pertain to the business property. If your business has some type of physical location, it would require a property insurance policy.
Workers' Compensation
Donald R. Weaver Insurance Inc
Workers that are hurt on the job can rely on workers' compensation for lost income and medical expenses. This coverage is commonly required by employers, and it often extends to temporary employees as well.
Business Owner Package (BOP)
Donald R. Weaver Insurance Inc
Small business owners can take care of many needs in a BOP policy – it often includes vehicle, property damage, business income, property, and bodily injury, as well as other types of basic insurance needs.
Business Life Insurance
Donald R. Weaver Insurance Inc
It’s hard to think about what it would mean to lose a business partner or key employee. Unfortunately, bad things do happen, so it’s smart to be prepared and protect your business. We can help with business life insurance solutions for funding business continuation plans, key person protection and even employee benefits like deferred compensation and executive bonus plans. Review the chart below and then talk to one of our knowledgeable agents to learn more about how business life insurance products can help protect and provide for your business.
| BUSINESS NEED & COVERAGE | WHAT IT DOES | WHO NEEDS IT | BENEFITS |
|---|---|---|---|
| Business Continuation — using life insurance for a Buy-Sell Agreement | A contract that enables a seamless transfer of ownership if an owner passes away. | Anyone who shares ownership of a business with one or more owners. | Saves your business from disruption and provides a smooth transition of ownership. |
| Key Person Protection | Provides financial assistance to a business following the death of a key employee or owner. | Any business that relies on the talents and skills of key employees such as an executive officer, general manager, sales manager or a contributor with unique skills or technical knowledge. | Protects your investment in employees who are crucial to your business. Covers financial losses or temporary expenses if a key person passes away. |
| Deferred Compensation Plan | Provides an insurance-based retirement plan for select key employees through a life insurance policy that is purchased by the business owner. | Any business owner who wants to attract and retain key employees. | Tax-deferred life insurance policy accumulates cash value, can provide income later in life and provides a tax-free death benefit for the employee’s beneficiaries. The business owner chooses which employees receive this plan. |
| Executive Bonus Plan | Provides individual life insurance to help protect the families of select key employees. At retirement, the employee may use policy’s cash value as supplemental retirement income or continue the life insurance coverage. | Any business owner looking to recruit strong candidates, retain expert employees and design a benefit plan with tax-deductible costs. | Retain the talent your business needs to thrive. An easy, cost-effective benefit program to offer employees. The business owner chooses which employees receive this plan. |
| Business Loans | Provides insurance protection to pay off business or personal loans used for business purposes. | Business owners with loans on property, fleet vehicles, inventory or for paying debt. | Having life insurance to relieve the business of debt allows for easier transition or sale of a business upon an owner’s death. |
Learn More About Donald R. Weaver Insurance Inc
Located in Washington, PA, Donald R. Weaver Insurance Inc specializes in personal, commercial, farm, and specialty insurance coverage. Multiple insurance companies. Multi-policy discounts. Free insurance quotes. Call today.
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