Business Insurance
You Know Your Business, We Know how to Protect It.
Shopping for business insurance can be a stressful process, one filled with limitless coverage options available. Great Lakes Insurance is able to offer not only comprehensive business insurance, but we are also able to cover businesses in 38 states. That means you won’t have to change insurance agents or plans when taking jobs outside of your home state saving both time and money.
Whether you have a small business, or a large one, our goal here at Great Lakes Insurance is to offer protection from the unpredictable. Every small business needs insurance, and we provide commercial auto, property, umbrella, disability, workers compensation, and many more all at competitive prices. We represent over 90 carriers and have over 70 agents waiting to answer any and all questions related to business insurance. Below is a brief overview of the different kinds of business insurance we offer.
COMMERCIAL PROPERTY INSURANCE
Commercial property insurance helps protect not only the property of your business, but also all the property that your business owns or leases. This includes items such as medical equipment, inventory, furniture, fixtures, and related assets. Whether those assets be computers, media, marketing collateral, or records, we have you covered.
Commercial General Liability
Commercial General Liability Insurance is design to cover lawsuit resulting from accidents or negligence. Bodily injury coverage is for vendors, customers, or visitors who sustain bodily injuries while on your premises. Personal injury coverage comes into play when your employee causes any sort of personal injury due to their actions or negligence.
COMMERCIAL AUTO INSURANCE
The annual accident rate for commercial fleets is 20%, Great Lakes Insurance has the expertise to assess your commercial auto exposures and make sure you are covered properly. They are many moving parts to a commercial auto policy and each coverage has different levels of importance to every business. Allow us to assess your risk and tailor a policy to fill the gaps.
Commercial trucking Insurance
Great Lakes Insurance is one of western Pennsylvania’s fastest growing transportation specialty agencies. We are able to manage risk for your transportation company, large or small, and our staff is constantly trained especially for the transportation industry. The regulatory climate is always evolving and our agents evolve with the times to offer our clients the service and expertise that exceeds expectations.
Workers Compensation
Nearly 18.5% of Americans are currently living with a disability, and 1 out of every 4 people in the US workforce will suffer a disabling injury before retirement. These facts can be startling, and on top of that, each disability insurance type has specific rules as to how someone qualifies to receive the benefit and if it is considered a short-term or long-term disability. These factors and more dictate exactly how much is paid out and over time period the disbursements cover.
Inland Marine Insurance
Inland marine insurance indemnifies loss to movable or specialized types of property. Historically developing as an outgrowth of ocean marine insurance to cover goods in transit over large bodies of water, commercial inland marine coverage typically covers property being transported on land. Inland Marine insurance has since evolved to cover a broad range of miscellaneous types of property not only in transit, but also onsite too.
EXCESS LIABILITY (UMBRELLA) INSURANCE
Commercial excess liability policies provide an insured with an extra layer of liability of protection over the primarily liability insurance. Most umbrella policies require an insured to initially purchase liability insurance coverage to be able to purchase an addition umbrella insurance policy.
OCEAN MARINE CARGO
Ocean Marine cargo is designed to safeguard property that you have a vested interest in while it is on shipping vessels while in transit domestically or internationally. Over 90% of globally traded goods are carried over seas, do you have the property insurance in force to protect your goods?
PROFESSIONAL LIABILITY / ERrors & OMIssions
Professional Liability coverage protects professionals (such as accountants, attorneys) against liability incurred as resulting from errors and omissions in performing professional services. There are exceptions (physicians, architects, and engineers), most professional liability coverages only protect economic or financial losses suffered by third parties, as opposed to bodily injury (BI) and property damage (PD) claims.
Management LIABILITY Insurance
Management liability is designed to protect officers, directors, managers and other employee oversight positions from claims that arise out of mismanagement, governance, finance, benefits and other management activities.
CYBER LIABILITY INSURANCE
Cyber liability insurance is a developing product in the industry that has come into the limelight over the past few years. Harsher underwriting standards have been implemented by insurance carriers and other carriers are non renewing clients because of lack of cyber security procedure in place. It is important to have an agent that has access to a variety of markets to ensure you are not out in the dark at renewal.
Surety Bonding
A surety bond is a contract between three parties: the principal, the surety, and the obligee. The principal is usually a contractor, the obligee is usually a third-party ensuring completion of the work, and the surety is the insurance agency guaranteeing the bond should it need paid out.