Thursday, February 7, 2013

Commercial Auto

Helpful information about Commercial Auto from Statefarm
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Commercial Auto

“State Farm commercial auto coverage protects business vehicles and can give you the
satisfaction of knowing that you are insured with the number #1 auto insurer in the country.”
For many small business owners, figuring out what coverage you need for the autos you own and operate is a challenge; after all, you are trying to run a business.
Did you know? Nearly six million traffic accidents occur every year, or more than 16,000 per day. With accidents occurring so frequently, make sure you have auto insurance from a company that will be there for you during a claim.

Big Protection for Your Small Business Autos

Whether you use your own car or a fleet of pickups or box trucks to get the job done, we can give you the protection you need - including liability, personal injury/medical coverage, comprehensive, collision coverages, and much more to help you keep your business moving forward.
Do your employees use their own autos to perform deliveries, sales visits, picking up supplies, and other errands for your business? If so, you could be held liable for any accidents they cause. State Farm® has the coverage to meet your needs.

Coverage Examples for Your Business Autos

  • Learn More

State Farm Employer Non-Owned Car Liability Coverage (ENOL) Basic Facts

An ENOL policy protects your business, so your revenues wouldn't be siphoned off by legal judgments. If your employees even occasionally use their own cars for your business, don't be driven to financial loss. Protect your business with Employers Non-Owned Car Liability Coverage.
  • Protects you when employees drive their own vehicles for business purposes
  • Coverage is affordable
  • Your coverage is backed by the financial strength of State Farm, a company you trust

Learn More About How to Cover the Autos You Use in Your Business

Your State Farm agent will sit down with you and help you determine what deductible amounts and coverage limits best cover the vehicles you use in your business. Even when it comes to Business Autos, the Nation's #1 Auto Insurer* Has You Covered!**
*Based on number of households in North America
**Coverage availability may vary by state and vehicle type.
It's not just commercial auto insurance needs. You may need property and liability, workers compensation, health, life, retirement plans and professional/specialty products insurance.
This is only a general description of coverages of the available types of insurance and is not a statement of contract. Details of coverage, limits or services may not be available for all businesses and vary in some states. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and in any endorsements.

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Bodily Injury Liability Coverage - Pays damages due to bodily injury to others for which you are responsible. If you are sued, it also pays your defense and court costs
  • Property Damage Liability Coverage - Pays damages due to property damage to others for which you are responsible. If you are sued, it also pays your defense and court costs
  • Personal Injury/Medical Payments coverage - Usually pays medical and funeral expenses for bodily injury to a covered person sustained in an accident in your auto
  • Collision coverage - Pays for a covered auto that is damaged by collision with another object or by upset
  • Comprehensive coverage - Pays for a covered auto that is stolen or damaged by causes other than collision or upset
  • Uninsured/Underinsured Motorist coverage - Coverage pays for injuries, and in some circumstances property damage, when you are involved in an accident with another person who is uninsured or their available limits are less than the limits you chose to carry for this coverage. You'd be surprised at how many people only carry minimum limits. Would you like to have the same coverage for yourself that you are providing the other person?
  • What amount of a covered loss are you willing to pay? The deductible is the portion of a covered loss that is your responsibility. For example, if you had a $500 deductible, you would need to pay $500 of the covered loss
  • How high should my liability coverage limits be? No one can predict exactly how much you would have to pay if you were to cause an accident. Ask yourself how you would pay for any damages exceeding your coverage limits. The higher your limits are, the more likely your policy will be able to pay all of the damages

    • Property & Liability

    “Customers expect fast service along with a good price. You expect the same with insurance.
    A State Farm agent can work with you to tailor a policy that meets your property and liability needs.”
    State Farm® packaged policies enable the purchase of insurance to be simple. It offers the coverages you need at an affordable price. Your agent can sit down and assist you in creating a plan to make sure your business needs are covered.

    Protect Your Growing Business With State Farm’s Business Owners Policy

    We have coverage for many types of businesses such as retail, food shops, and contractors.
    Find your business or organization type to learn more about our coverage features:
    • Retail Shops
    • Office
    • Medical Office Professionals
    • Food Shops
    • Personal Services
    • Contractors
    • Farm/Ranch
    • Apartment Owners
    • Residential Community and Homeowner Associations
    • Religious Organizations
    • Other

    Commercial Liability Umbrella

    Your liability insurance policy would protect your livelihood from lawsuits arising from your business. The policy would cover you to a certain limit, but is it enough?
    For businesses that need $1 million or more of liability protection, State Farm's Commercial Liability Umbrella Policy offers broad coverage at a sensible price.
    It's not just your property and liability insurance needs. You may need commercial auto, workers compensation, health, life, retirement plans and professional/specialty products insurance.
    This is only a general description of coverages of the available types of insurance and is not a statement of contract. Details of coverage, limits or services may not be available for all businesses and vary in some states. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and in any endorsements.

    Find an Agent

    Contact a local agent for information or advice.


    Service Center
    Identify Your Business Needs
    Industry Links

    Workers Compensation

    “Employees are important to a business and a business owner both professionally and personally. Making sure they are
    protected if they’re hurt on the job is one of the most important decisions you may make as a business owner.”
    You do everything you can to keep your employees safe on the job. Still, an accident can happen when you least expect it. Just one injury can sideline an employee for months, leading to serious financial hardship. And since fault does not matter when it comes to workplace injuries, you may be responsible for an employee injured on the job.
    Fortunately there is a way to protect your business from a lawsuit and your employees from loss of income. A brief explanation is below, but your State Farm® agent can provide a full explanation of the importance and coverages within this product.
    • Part I. Workers Compensation
    • Part II. Employers Liability
    State Farm does not provide workers compensation in the following states:
    Monopolistic States: These states have a state-run workers compensation fund for Part I that require all businesses with employees to participate. The employers liability portion can, however, be added by endorsement. The monopolistic states are North Dakota, Ohio, Washington, and Wyoming.
    States that are not monopolistic, but not available for coverage by State Farm are: Maine, Montana, Rhode Island, and West Virginia. Massachusetts can be added as an insured location on an existing multistate worker's compensation policy.
    It's not just your worker's compensation needs, you may need property and liability, commercial auto, health, life, retirement plans, and professional/specialty products insurance.
    This is only a general description of coverages of the available types of insurance and is not a statement of contract. Details of coverage, limits or services may not be available for all businesses and vary in some states. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and in any endorsements.

    Find an Agent

    Contact a local agent for information or advice.


    Service Center
    Identify Your Business Needs
    Industry Links



    Financial Products

    “Arranging a benefits package not only helps attract and keep good employees, but can also
    help you plan for your financial security and the financial security of your business.”
    Whatever you have going on, State Farm® is an ideal source for your Financial Needs.
    • As a business owner, a State Farm agent takes on many of the same responsibilities you do, such as finding and keeping employees, managing finances, and planning for the future
    • As you can see below, we have a wide variety of financial services available. A State Farm agent will be happy to help you find the right product or service for your unique needs

    Business Life

    If something happened to you or a key employee, it could be costly to your business and your family. Without proper planning, your business could suffer financial hardship and sold to outside parties. To avoid these situations, consider a Buy-Sell Agreement as well as Key Employee insurance funded with State Farm life insurance.
    Help attract and retain employees by using fringe benefits such as Executive Bonus, Split Dollar Plans and Deferred Compensation Plans as key employee incentives. You you can select which employees receive the benefits and which type of benefit they receive.
    Learn More

    Group Life

    Group Life Insurance can provide a valuable employee benefit to help you attract and retain loyal employees. Not only will you build a better team through better benefits, the premiums you pay for your employees are generally tax deductible as a business expense. In most states we can establish a plan for employee groups of five or more and you can choose from a variety of benefit amounts. Contact a State Farm agent who will be glad to help you design a plan to protect your most valuable asset- your employees.
    Learn More

    Small Business Retirement Plans

    Choosing the right retirement plan that meets the needs and goals of your small business may seem overwhelming. A State Farm agent is available to guide you through this process to help make planning for retirement easier for both you and your employees. A full range of plan types and investment options are available to you with State Farm Mutual Funds.
    Learn More

    Disability Income Insurance

    The foundation of your business could be jeopardized if you become disabled due to an injury or illness. What kind of personal resources would you need to rely on to pay the bills? Speak to a State Farm agent today about the variety of Disability Income insurance products available through State Farm to provide the financial protection you need.
    Learn More

    Health Insurance

    When group insurance is not an option, consider individual medical insurance coverage for you, and possibly for your employees. A State Farm agent will be able to walk you through the various medical plans available to you and your employees on an individual basis. Through a marketing alliance with Assurant Health®, State Farm offers Health Insurance products that are underwritten and issued by Time Insurance Company. These medical plans include individual medical coverage, short term medical coverage, and a fixed-indemnity plan with limited benefits.
    Learn More

    Long Term Care Insurance

    What plans have you made if you were no longer able to care for yourself? How would you pay for the care you might need, such as in-home care or a nursing home? A State Farm Long Term Care Insurance policy can give you choices when your health changes. It allows you to protect your assets, your standard of living, your retirement, and your estate. But, most of all, it allows you to avoid becoming a burden to your family.
    In addition, the long term care insurance premiums may be eligible as self-employed health insurance federal income tax deduction.
    Talk to a State Farm agent today about the benefits of a long term care insurance policy.
    Learn More

    State Farm Bank®

    The State Farm Bank® Visa® Business credit card* is designed exclusively for business owners looking for a card that helps them manage their business by having access to online reporting tools and the ability to separate business and personal expenses. In addition to this, the State Farm Bank® Visa® Business card offers a rewards program.
    * Issued by State Farm Bank®, an affiliate of State Farm®
    Learn More

    Deposits and lending products are offered by State Farm Bank, Member FDIC, Equal Housing Lender. Insurance and Investment Products are offered by affiliate companies of State Farm Bank and are not FDIC insured, not an obligation of or guaranteed by the Bank, and are subject to investment risk including the possible loss of principal invested.



    Professional & Specialty Liability

    “As your business expands, so do your coverage needs. State Farm’s umbrella policy
    can offer you additional liability insurance at a reasonable cost.”
    As an office professional, you never know when a disgruntled client will reward your services with a professional liability lawsuit. These suits may claim that you've been negligent or made an error or omission while performing your services. Liability damages may cost hundreds of thousands of dollars.
    Our Professional & Specialty Liability policies can help you and your firm pay defense costs and judgments that come from claims of professional negligence, error, or omission.

    Architects & Engineers Professional Liability

    Under this policy, certain architects and engineers are protected from claims alleging a negligent act, error or omission in the performance of their professional services.

    Accountants Professional Liability

    Certain accountants and related businesses are protected from claims alleging a negligent act, error or omission in the performance of professional accounting services.

    Commercial Liability Umbrella

    Your liability insurance policy would protect your livelihood from lawsuits arising from your business. This policy would cover you to a certain limit, but is it enough?
    For businesses that need $1 million or more of liability protection, State Farm®'s Commercial Liability Umbrella Policy offers broad coverage at a sensible price.

    Dentists Professional Liability

    Under this policy, certain dentists are protected from claims arising out of a Dental Incident (i.e. act, error, omission or mistake) in performing professional services. Professional services are those dental services the insured is trained, licensed and qualified to perform.

    Employment Practices Liability (EPLI)

    Business owners with employees need EPLI to cover claims for harassment, discrimination or wrongful termination. It is specifically designed to help protect the insured and their business in the event an employee brings a suit or administrative charge.

    Miscellaneous Errors & Omissions Liability

    Under this policy, specific customers are protected from liability arising from a negligent act, error or omission in the performance of their professional service. An important benefit of this product is coverage for legal defense costs. Even when found innocent, the legal costs can be substantial.

    Not-For-Profit Directors & Officers with Employment Practices Liability

    This product is similar to the above, but protects the directors and officers of not-for-profit organizations in the event of a suit for an actual or alleged wrongful act in connection with management. EPLI coverage is also included to help protect the organization in the event that an employee brings a suit or administrative charge related to the organization's employment practices. This may include charges for sexual harassment, discrimination or wrongful termination.

    Technology Services Errors & Omissions Liability

    This policy protects specific types of businesses that provide their customers with technology services. This coverage can help protect the insured from liability arising from mistakes, whether real or alleged.

    State Farm can help with you property and liability, commercial auto, workers compensation, health, life insurance and retirement plan needs.
    This is only a general description of coverages of the available types of insurance and is not a statement of contract. Details of coverage, limits or services may not be available for all businesses and vary in some states. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and in any endorsements.

    Find an Agent

    Contact a local agent for information or advice.


    Service Center
    Identify Your Business Needs
    Industry Links


     
     
    Lewis Insurance
    2525 S. Lamar Ste 11
    Austin, TX
    78704
     
    www.nationwide.com/joshlewis
    www.austinhealthbrokers.com
     
     
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