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Commercial insurance

Commercial insurance refers to just about any form of insurance designed to protect a business or commercial enterprise. We at the Dean Insurance Agency take pride in our reputation for dedicated, quality service to our clients. While our first priority is always to ensure that your business is properly protected, we also work hard to help you save money without sacrificing important protection. Service does not stop with delivery of your first policy. Your commercial insurance package is reviewed every year to ensure that coverage is accurate, up-to-date and competitively priced.
Types of commercial insurance include:

General Liability Insurance

General Liability insurance offers protection in the event someone files a claim against your business alleging that an occurrence at your business or as a result of your conduction of business caused them harm.

 

Workers Compensation

Maryland law requires employers to carry Workers Compensation Insurance. Your workers compensation premium is based on a predetermined rate per one hundred dollars of payroll. Rates are assigned based on the risk involved with that business.

 

Commercial Auto Insurance

Commercial auto insurance offers coverage for automobiles and trucks used for business purposes and typically (but not always) titled in the business name.

 

Commercial Property Insurance

Commercial property insurance may include coverage for damage to buildings, fences, outdoor signs, etc. Loss of business income due to a covered loss is often an option that may be added to a Property policy.

 

Commercial Umbrella Insurance

Commercial umbrella insurance is a single policy designed to add higher limits of liability above the limits of other policies including the General Liability, Business Auto liability and Workers Compensation.

 

Underground Storage Tanks

Commercial umbrella insurance is a single policy designed to add higher limits of liability above the limits of other policies including the General Liability, Business Auto liability and Workers Compensation.

 


Business Insurance Needs

Here are some more specifics on your business insurance needs, and the terms used to describe them.

Business Personal Property

Also known as "Contents Coverage," Business Personal Property coverage is part of a Property Policy and protects things like furniture, fixtures, equipment and stock of merchandise held for sale and other items used in or by the insured business. The typical Business Personal Property coverage provides protection for items located in the building or outside the building within 100 feet of the premises.

Inland Marine

Inland Marine insurance is most commonly used to cover property that leaves the insured's premises. Contractor's tools and equipment, store merchandise being delivered by truck and lap-top computers owned by the insured are examples of items that may be added to an Inland Marine Policy. Property of others in the custody of the insured, aka bailee coverage, may also be added to an Inland Marine Policy.

Directors & Officers Liability

This coverage protects Directors and Corporate Officers against claims arising from "wrongful acts" such as alleged mismanagement resulting in loss of value of stock, unwise investment of corporate funds, improper payment of dividends, etc. The sources of such claims could be angry stockholders, unhappy clients, disgruntled employees or even government regulatory agencies.

Bonds

A bond is a promise by the bonding company (the surety) to pay a third party (the obligee ) a sum of money that the principal (the bonded person) becomes obligated to pay. There are number of types of bonds including but not limited to: License and Permit Bonds, Court Fiduciary Bonds, Judicial Bonds, Public Official Bonds, Contract Bonds, Performance Bonds and Bid Bonds.


Call Dean Insurance at 410.838.3700 for a quote on your individual or business insurance needs,
or click here for Dean Insurance contact you directly!

Commercial Insurance | General Liability | Workers Compensation | Commercial Property | Business / Auto Truck

Commercial Umbrella | Group Health Insurance | Underground Storage Tanks

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