Business Owners Policy: A special insurance package policy designed for the small business owner. The policy includes both commercial property and general liability coverage. The policy also includes optional coverage such as loss of business income, computers and crime coverage.
Commercial Property: Commercial Property covers the physical parts of your business. These are things like your building, equipment, furnishings, fixtures, inventory and supplies.
Commercial General Liability: Commercial General Liability protects your business if you are sued for bodily injury or property damage.
Business Automobile: A Business Auto policy can cover a combination of vehicles types (trucks and cars) as well as some types of motorized equipment. The policy protects your business against bodily injury or property damage claims arising out of the ownership and use of your company vehicles.
Commercial Umbrella/Excess Liability: A Commercial Umbrella or Commercial Excess Liability policy provides high limits of liability as well as additional coverage over the Commercial General Liability and Auto Liability limits. This second layer of protection usually starts at $1,000,000 and goes higher. A Commercial Umbrella offers broader coverage than the primary liability coverage. An Excess Liability policy provides higher limits over the liability forms currently carried.
Workers Compensation: Workers Compensation protects your employees by providing benefits required by state law for job-related injuries or illnesses.
Bonds: Commercial Bonds
- License and Permit Bonds – Contractor License; Highway and Street Permit; Agent/Adjuster/Broker License; Fuel Dealer; Professional License; Automobile Dealer; and Alcoholic Beverage Compliance Bonds
- Probate Bonds – Administrator; Executor; Guardian; and Trustee Bonds
- Receiver or Trustee Bond in Bankruptcy
- Public Official – Notary Public; Sheriff; Deputy Sheriff; Constable; Jailer; County/City/School Treasurer Bonds; Court Clerk; Loan Closing Attorney; and FHA Schedule Bonds
- Court Bonds – Plaintiff Replevin; Plaintiff Attachment; and Cost Bonds
- Miscellaneous Bonds
ERISA (Pension Plans):
ERISA is the Employee Retirement Income Security Act, a federal law enacted in 1974. ERISA established minimum standards for plan administrators and investment advisers to protect employee pension and health plans in the private sector.
ERISA requires that plan officials who manage, oversee, recommend or handle funds or other property of an employee benefit plan must be covered by a personal fidelity bond.
If a plan official commits fraudulent or dishonest acts, his bond ensures that the pension or health fund can recover some of its losses. The bond only pays if the fraudulent administrator is financially unable to meet his obligations.
Business Services Bonds (e.g. janitorial, home health care or security)
Based in San Gabriel, California, The John L Raya Insurance Group understands the business insurance needs of our clients. Please call us at 626-570-8611 or email us today to find out how to protect your business.