Business Owners Policy (BOP)
If you are a small business you may be eligible for a BOP. It’s a business insurance policy that combines your general liability and property coverage into one package at a price often lower than purchasing the same coverage separately. It also provides other coverage such as business income and extra expenses.
Business General Liability Insurance
Your business faces liabilities every day. A customer could trip and fall, a defective product could hurt someone or burn down a house, or a competitor might sue you for false advertising. Business general liability insurance is essential to protect your assets. It provides protection for claims brought against you for bodily injury, property damage, personal injury, and advertising injury. It will also pay the costs to defend or settle claims – even if the claims are without merit.
Business Property Insurance
Whether you own a building, lease a workspace, or work at home you need business property insurance to protect your building, your outdoor sign, your furniture and equipment, your inventory, your fence and landscaping, and the property of others.
Cyber Liability Insurance
Cyber Liability is an innovative insurance product uniquely suited for the digital era we live in. If your company has a website, processes credit card payments, stores customer information electronically or simply has employees who work on computers, then there is a Cyber Liability policy suited to protect you and your business.
Garage Liability / Garage Keepers Insurance
Businesses that work with autos such as dealerships, repair shops, detailers, and service stations have special insurance needs. A garage policy was designed specifically to meet those needs. Garage Liability insurance is a specialized product for auto businesses that combines general liability and business auto liability protection. But garage liability has a major exclusion – it does not cover damage to customer’s cars left in your care. So if your business has customer vehicles in its care, you need to also purchase Garage Keepers insurance. What if an employee crashed a customer’s car while test driving it? What if a customer’s car is damaged or stolen while parked overnight in your lot? You would need garage keepers insurance to protect against these types of losses.
If your employees are injured on the job or develop an employment related illness, they are most likely eligible to collect workers compensation. As an employer, the law requires that you provide a way of assuring benefits for these workers. We will provide you coverage that complies with the workers compensation laws and also provide services to help prevent work related accidents.
Business Auto Insurance
You depend on your vehicles; depend on us to make sure you’re protected! We can provide protection for a wide variety of vehicles and businesses, whether you have a small operation or a fleet.
We understand that mistakes happen. And in today’s society, lawsuits against businesses are common. Professional liability insurance provides protection for claims brought against you and your employees for things like errors, omissions, negligence, breach of duty, and misleading statements. We can help you prevent these mistakes and errors from becoming a major loss for your business.
Employment Practices Liability
Insurance Cases against employers are on the rise. It’s estimated that 3 out of 5 businesses will be sued by an employee. Businesses are vulnerable from the pre-hiring process through the exit interview. It could be a joke told in the break room, that “friendly” programmer you had to fire, or that person you chose not to hire. Employment practices liability insurance is needed as soon as you start to hire employees. It provides protection for claims brought against you for things like discrimination (age, sex, race, disability, etc), wrongful termination, sexual harassment, and other employment related allegations.
Directors & Officers Liability Insurance (D&O)
Becoming a director or officer of a corporation puts your personal assets at risk. A director or officer can be sued personally for decisions made on behalf of the company. In today’s society, lawsuits are an expected part of business. Most directors and officers will face litigation at least once in their careers. D&O liability insurance helps protect the personal assets of your directors and officers from litigation due to alleged mismanagement of the company.
Business Umbrella Insurance
What if your company holiday party gets out of hand causing injuries and damages? What if your building has a carbon monoxide leak resulting in multiple injuries or even deaths? What if an employee causes an auto accident resulting in a loss of life? If the victims sue, is the insurance you have in place enough to cover large settlements? Unfortunately, the answer is probably not. While no one wants accidents to happen, they do. And people sue. When serious situations arise, business umbrella insurance will help ensure that your business is protected.
Gallen Insurance provides Business Insurance solutions to residents of Berks County and the Greater Reading Area.