Commercial Insurance

Commercial Insurance or BOP – Business Owners Policybusinessowner__1_

When making commercial insurance decisions as a business owner, you endeavor to make the

right decisions for your business, your employees, your cutomers and yourself. Decisions about

business insurance are important. Excellent coverage is what you are seeking. You more than likely don’t, however, have time to become an expert in business insurance. That’s where Select Source Insurance Group can help.

A BOP (Business Owners Policy) links liability, property and business interruption insurance for small to medium based companies. It is generally less expensive having packaged coverage than when purchasing coverage separately. With a BOP customizing is the most effecient way to meet your individual business needs.

Most busines owners need general liability coverage that includes the operations of the company. Or, business auto coverage or commercial property insurance needs to be added. Whether you are a small service provider, contractor, or home based business, Select Source Insurance Group will work along side you to find the right mix of business insurance coverage to meet your specific needs.

Additional Coverage Available

  • Additional insureds may need extended liability
  • Personal property, debris removal
  • Equipment. and tools
  • Accounts receivable. valuable records protection

While advising you on the correct coverage, we provide other services, such as:

  • Loss Prevention Programs—with the insurance companies we represent, we can evaluate your business’s existing conditions and show you alternate ways to lower property, auto, workers compensation or liability losses. Fewer losses will not only lower your insurance bills, but also increase your productivity by avoiding downtime.
  • Competitive Rates—many of the companies we represent specialize in insuring specific types of businesses, offering special coverage and pricing.

Being a business owner there are many things that can go wrong, with business insurance it covers many different aspects a business would need coverage for. For example business insurance can help your business in the following situations:

  • Protects against loss or damage to the business location and its contents.
  • Protects your business if it would be sued.
  • If your business uses vehicles, they will be covered.
  • Insure your employees against on the job injuries.
  • Covers your business in case there is an interruption of business.

Our experts can go over your business model and let you know about all the different business insurance plans and how each kind works for you best. There are many types of business insurance programs that can cover you no matter what type of business you are in. Here are some of our most popular business insurance programs

If you don’t see something that fits your business model, contact us today for a custom business insurance plan that fits your business.

Click here to ask us a question.

 

Commercial Umbrella Insurance

If umbrella policies are good for individuals, then they are imperative for business. When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between a business surviving, or not.

The rising costs of lawsuits and judgments are important for today’s business owner to consider. Catastrophic liability losses can happen to any business at any time, and a commercial umbrella policy protects you when those losses exceed your basic liability coverage. The time and effort you have taken to build your business is too important for it to disappear after one unforeseen event. Call Select Source Insurance at 864-585-8318 x222 or email us at selectsource@live.com today about a commercial umbrella insurance policy.

South Carolina – What you need to know about commercial umbrella insurance

Commercial Umbrella helps you protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards Select Source Insurance recommends that your business insurance program include this coverage.

What is Excess Liability Coverage?

This coverage provides extra liability limits over an Umbrella policy. This coverage typically follows the terms of the first underlying insurance policy.

Who needs Excess Liability Coverage?

Higher limits may be necessary for businesses with high loss potential, high profile, sizable sales, numerous assets, large auto fleets, worldwide presence, significant public exposure.

 

Business Crime Insurance

Business Crime Insurance covers all types of crime that could affect your business. From crooked employees who have stolen from you, any burglaries or robberies to your business, computer fraud or forgery/copyright issues.

Today, there are more opportunities for wrongdoing than ever. Whether you’ve just started a company or your business is established and growing, make sure all the hard work you put into your business is covered. Don’t let criminal behavior affect your bottom line. Contact one of our experts to put together a custom business crime insurance plan.

Business Interruption Insurance

Business interruption insurance keeps your business from any losses or damage to the cash flow and profits of a business because of an interruption. If something happens where you can not operate your business, even if it’s out of your control, you still have to pay the bills. Don’t be in the situation where you have to close your doors temporarily, interruption insurance has you covered.

Property insurance covers any broken property, but doesn’t cover any lost money that could be caused because of down time. With business interruption insurance you can keep your business running, get coverage for lost net income, continue paying expenses such as mortgage, advertising, taxes and salaries, is can even pay any relocation and advertising fees if you have to move to a temporary site.

 

Serving the unique needs of businesses in Spartanburg and all of South Carolina

One of the most common types of business insurance, commercial property insurance provides a wide range of coverage for buildings, inventory, equipment, tools and more. Losses from fire, break-in, vandalism, windstorm and other natural or manmade disasters are examples of what is typically covered.

A basic commercial property insurance policy may be all you need, although the types of coverage can vary between different insurance companies. As an independent agent, Select Source Insurance can help you determine the type of insurance policy and range of coverage that is best for your business. For a full list of coverage available, or to learn more about this product, contact us today – Doug@SelectSourceInsurance.com.

 

South Carolina – What you need to know about commercial property insurance

 

Building

Do you own a commercial building?  If so, do you have enough commercial property insurance to cover replacement costs?  Although cost estimators are available, we recommend that you secure an appraisal from a third party to accurately determine the current replacement cost of your building. Give Select Source Insurance a call today at 864-585-8318 x222, and we’ll help you determine if you have enough commercial property insurance for your business.

Flood

Most commercial property policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect you from resulting damage. Check your current property insurance policy to be sure you are covered. If you’re unsure, just ask Select Source Insurance to review your coverage, and we’ll help you find the best solution.

Business Personal Property

Business personal property insurance covers property at a specified location for furniture, fixtures, equipment and inventory. Be aware that most commercial property policies have very limited coverage for property taken off the specified location. If you have equipment that is frequently taken off-site to various locations, it is important that you have an inland marine policy (equipment or installation floater).

Business Income (Business Interruption Coverage)

This coverage reimburses a business owner for lost profits and fixed expenses during the time that a business is closed.  It applies while the premises are being restored because of damage from an event, such as a fire. Business income insurance may also cover financial losses that occur if civil authorities limit customer access to your neighborhood or business after a disaster Select Source Insurance strongly recommends that all businesses acquire this coverage.

Electronic Data Processing (EDP)

This coverage is separate property coverage specifically designed to protect your computer related equipment. Most commercial property policies have limited coverage for computer networks. EDP broadens the causes of loss to include things like power surges and in some cases virus attacks.
Based in South Carolina, Select Source Insurance understands the business insurance needs of our customers. The right coverage for you is unique – call us at 864-585-8318 x222 or selectsource@live.com today to find out how to protect your business and your future with the right insurance.

 

Commercial & Business Insurance

Insurance coverage that protects your company – so you can get back to business

Select Source Insurance Group knows business in our communities – you can find our offices in Spartanburg, and our clients all around South Carolina. As an independent insurance agency, we take pride in reviewing your options with multiple insurance companies and comparing protection and prices to find the best value for your business.

We’re proud members of the Spartanburg marketplace, and we’re committed to being an advocate for you and your business in times of need.

Our commitment is to serving you

Select Source Insurance Group knows that in South Carolina there are as many unique insurance needs as we have neighbors who live here! To talk with one of our helpful team members about your insurance needs, contact us today.

Commercial & Business Insurance– Insurance coverage that helps protect your business

  • General Liability Insurance – Broad insurance coverage for your business and activities.
  • Commercial Property Insurance – Protect your business with insurance for your commercial property.
  • Business Auto Insurance – Cover your business with insurance for commercial vehicles.
  • Commercial Umbrella Insurance – Insurance coverage that helps protect your business from the rising costs of lawsuits.
  • Workers’ Compensation Insurance – Insurance coverage that helps you take care of your employees.
  • Bonds – Protect your assets with financial backups for promises made by others.

Workers’ compensation insurance is vital to protect your business and in most states is mandatory. It will cover injuries or illnesses when they occur as a result of duties performed on the job or while at work. Some of the injuries that would be covered include injuries caused by lifting heavy equipment, slipping on a wet surface, or injuries because of fires or explosions. Protect your business from a lawsuit and your employees from loss of income. Contact us to tailor a worker’s comp plan that works best for your business.

 

To see how much your company can benefit by one of these special programs, contact Select Source Insurance Group for more information. Give us a call at 864-585-8318 x222.

Email us: SelectSource@live.com

Select Source Insurance Group 481 S Pine St Spartanburg SC 29302