Business Insurance Plans

Business Owners Policy and Business Auto

Combination property, liability, and business interruption policy. Business Owners Policies are usually written to cover expenses of small and medium size businesses resulting from (1) damage or destruction of business's property or (2) when actions or nonactions of the business's representatives result in bodily injury or property damage to another individual(s). Businesses that qualify under this heading often include office buildings three stories or under not to exceed 100,000 square feet; apartment buildings six stories or under not to exceed 60 dwelling units; any other buildings not to exceed 7500 square feet for mercantile space, occupied principally as an apartment, office, or engaging in trade or commerce. Properties that cannot be insured under this policy include banks, condominiums, bars, restaurants, automobiles, recreational vehicles, contractor functions, and manufacturing operations. For Sequoia Insurance Company, the criteria would be business owners with building limits less than $10,000,000; sales less than $5,000,000 or payroll less than $500,000.  

Business Auto policies are designed to protect a business in the event of accident, theft, injury and/or other damages involving business vehicles and business staff while driving those insured company vehicles, or their own vehicles or rented vehicles for business purposes.

Workers Compensation

Workers' compensation* is insurance paid by companies to provide benefits to employees who become ill or injured on the job. Through this program, workers are provided with benefits and medical care, and employers have the assurance that they will not be sued by the employee.

The cost of workers' compensation benefits is based on the gross payroll and the number and severity of illnesses and injuries that type of employer experiences. For example, a manufacturing company would have higher workers' compensation costs than a professional practice.

Umbrella Liability Insurance

A policy of liability insurance available to individuals and companies protecting them against claims above and beyond the amount covered by their primary policies for claims not currently covered.