There are many more ways you can protect your employees and your business assets. Following is a list of Iowa business insurance coverages – and their definitions – you should consider. Talk with one of our representatives to determine the best types and amounts of coverage for your business.
Workers' Compensation Insurance
Coverage provided by an employer to an employee that arises due to a job-related injury resulting from an accident or occupational disease.
Umbrella Liability Coverage
A business insurance policy designed to provide protection against catastrophic losses. It is generally written over various primary liability policies, such as the commercial general liability policy.
Directors and Officers (D&O) Insurance
This liability insurance covers directors and officers for claims made against them while serving on a board of directors and/or as an officer. D&O liability insurance can be written to cover the directors and officers of for-profit businesses, privately held firms, not-for-profit organizations, and educational institutions.
Inland and Ocean Marine Insurance
Property insurance for property in transit over land, certain types of moveable property, instrumentalities of transportation, and legal liability exposures of bailees.
Small Truck Fleet Coverage
An insurance contract applying to several vehicles, usually with the requirement that they be under common ownership.
Equipment Breakdown Insurance
Coverage for loss due to mechanical or electrical breakdown of nearly any type of equipment, including photocopiers and computers. Coverage applies to the cost to repair or replace the equipment and any other property damaged by the equipment breakdown. Resulting business income and extra expense loss is often covered as well.
Professional Liability Coverage
A type of liability coverage designed to protect traditional professionals and quasi-professionals against liability incurred as a result of errors and omissions in performing their professional services.
Cyber/Data Breach Insurance
A type of business insurance designed to cover consumers of technology services or products. More specifically, the policies are intended to cover a variety of both liability and property losses that may result when a business engages in various electronic activities, such as selling on the Internet or collecting data within its internal electronic network.
Employment Practices Insurance
A type of liability insurance covering wrongful acts arising from the employment process. The most frequent types of claims covered under such policies include: wrongful termination, discrimination, sexual harassment, and retaliation.
The contamination of an environment by substances regarded as pollutants. Liability from pollution is normally excluded to some degree by the general, auto, and umbrella liability policies.
Small Business Owner Packages
A package policy that provides both property and liability coverage for eligible small businesses.
This provides coverage for damage to property caused by flood.