Business Insurance
Business Insurance
We know your business means everything to you. It is also important to us.
As an owner of a growing business you face tough challenges every day. Make sure your business is adequately protected today and tomorrow. Like you, State Farm agents are small business owners and understand the importance of developing a plan for continued financial security. Your local State Farm agent Financial Products
Building a team of employees is crucial to any business. Keeping them is just as important. State Farm can help you develop a benefits package that allows you to attract and retain good people.
We offer solutions for your property and liability insurance needs, as well as commercial vehicle, workers compensation, health, life, retirement plans, and professional/specialty products insurance.
We know your business means everything to you. It is also important to us.
As an owner of a growing business you face tough challenges every day. Make sure your business is adequately protected today and tomorrow. Like you, State Farm agents are small business owners and understand the importance of developing a plan for continued financial security. Your local State Farm agent Financial Products
Building a team of employees is crucial to any business. Keeping them is just as important. State Farm can help you develop a benefits package that allows you to attract and retain good people.
We offer solutions for your property and liability insurance needs, as well as commercial vehicle, 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.
The needs of your business and the products and services you might want, can change throughout the Business Life CycleProperty & Liability
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.
Find your business or organization type to learn more about our coverage features:
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.
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:
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.
Commercial Auto
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.
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.
*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.
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
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.
Workers Compensation
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.
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.
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.
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.
Professional & Specialty Liability
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.
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.
State Farm can help with you property and liability, commercial auto, workers compensation, health, life insurance and retirement plan needs.
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 and 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 and 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 and 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 and 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.
Inland Marine and Mobile Property
Do you have property used in your business that is routinely located off-site? When you're working off-site, your business owners policy doesn't always cover your tools, equipment and computers, and this can put your business at risk. State Farm® can offer the comprehensive coverage needed to cover most business property including contractors' tools and equipment and the property of others.
It's not just your workers compensation needs you may need property and liability, commercial auto, health, life, retirement plans and professional/specialty products insurance.
What is Covered?
Inland Marine insurance generally covers property that is movable or transportable in nature. It often covers property that needs broader protection than what may be provided by the typical property policy. Examples are:- Computers / computer systems
- Tools and equipment for artisan contractors (from mobile equipment to hand tools)
- Fine Art Dealers / Galleries (covers the fine art and tools / equipment used in conjunction with fine art)
- Photographers camera equipment
- Motor Truck Cargo (covers the goods being carried by an insured trucker)
- Transportation Form (covers goods shipped by or to our insured via common carrier)
- Pet Groomers (covers their equipment, especially for those with mobile operations)
- Veterinarians (covers their equipment, especially when portable in nature)
- Vending Machine Form - used to cover vending machines (not the contents)
- Dealers Service Form - covers equipment used by servicing contractors / installers (appliances, flooring, plumbers, etc.)
It's not just your workers 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.
Surety and Fidelity Bonds
State Farm® has a full service commercial Surety and Fidelity Bond Department to assist you with your bonding needs. State Farm's financial strength along with our more than 17,000 local agents are dedicated to providing you or your business professional superior service.
Surety Bond
Why do I need a surety bond for my business?- As a business owner, you may need a surety bond to guarantee payment for state sales taxes or utility bills.
- Or as a contractor, you may need to post a license or permit bond to guarantee your work for licensing requirements with municipalities.
- Attorneys may have clients that are required to post court bonds such as administrators or executors bonds to guarantee their performance while distributing assets in estate situations.
- Notary publics are required to post bonds in most states.
Types of Surety Bonds
Fidelity Bond Policies - Blanket/Schedule
Types of Fidelity Bonds
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.
Financial Products
Whatever you have going on, State Farm® is an ideal source for your Financial Needs.
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
Learn More
Learn More
Learn More
Learn More
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
* Issued by State Farm Bank®, an affiliate of State Farm®
Learn More
- 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.
Lewis Insurance
2525 S. Lamar Ste 11
Austin, TX
78704
No comments:
Post a Comment