Cover My Business

SAFEGUARD MY FLEET

Business Auto Insurance

Whether your “fleet” is a lone pickup truck, or a number of vehicles and trailers used to provide your product or service, you and your company rely upon it to be there when needed. As these vehicles are on the road, they expose your business to a host of hazards representing significant risk if something unthinkable were to occur. Are you aware that more liability losses arise from the operation of vehicles than any other form of liability? Don’t you think it’s imperative that your insurance coverage is appropriate for such a huge exposure? We have solutions to properly safeguard your company from liability arising from the operation of these vehicles.

What about the investment you’ve made in your fleet? What happens if a vehicle is not available after a loss and it affects your ability to provide your goods or services? Then there’s the concern for anything you might be transporting of value – your tools, inventory, or other. Business Auto insurance is critically important and it should be regularly reviewed to make sure that your fleet is truly safeguarded properly. Let the professionals here at Conrey Insurance Brokers help you evaluate the adequacy of your coverage and the options we can employ to properly protect you.

What is this Conrey difference? Thoroughness.

Chad Hegreberg speaks about how he found Conrey Insurance Brokers & Risk Managers. As founder of Spicer Mechanical, a heating and air conditioning service business in Orange, he wasn’t really looking for a new source for commercial insurance. Once he met Jerry he realized there was a huge difference between Conrey Insurance Brokers and the others. See what he has to say.

SAFEGUARD MY PROPERTY

Property Insurance

What would happen to your business if the tools, equipment, furnishings, fixtures, inventory, or even the building itself, was the subject of a catastrophic loss? Many have asked that question way too late – after a loss that was inadequately insured. Whether you are a main street business with a bell above the door, or you have a huge warehouse that someone can get completely lost in, the need to properly insure your property is the same. Depending upon the nature of the property you have or rely upon, an appropriate strategy for evaluating the risk, valuing the property, and effectively safeguarding it is critical.

What about the time it takes to restore? How do you fulfill your clients’ needs after this kind of loss? What about the loss of your profits, the hit on your cash flow? Our commercial team evaluates profit loss, cash flow, and employment implications as it calculates exposure and risk. We can make sure that you are aware of the many options available from the insurance industry to make you whole if the unthinkable were to occur.

FAST FACT: Business Property Insurance

What does business property include? Buildings and their accompanying structures • Contents • Inventory • Finished goods and goods in process • Raw materials • Furnishings & Fixtures • Equipment that goes in the field • Tools • Tooling • Machinery

COVER MY WORKERS

Workers’ Compensation Insurance

Your people are your biggest asset. No matter how automated your operation becomes, there is a certain element that cannot be fulfilled by a machine. Although you take every precaution to prevent accidents from happening, sometimes it just cannot be avoided. That is when Workers’ Compensation Insurance comes in to play. This type of insurance provides wage replacement, medical benefits, and rehabilitative services to employees who are injured or fall ill from the job.

Workers’ Compensation is one of THE most common type of insurance offered, yet a sophisticated broker can do a lot to help differentiate your risk and modify the pricing structure in underwriting this insurance. Having the right advocate represent you can have a significant impact on its cost and your bottom line.

Conrey Insurance Brokers have access to a broad spectrum of Workers’ Compensation Insurance providers. Having a broker that has an abundant number of markets to take your risk to is critical, guaranteeing you the best value for your dollar. Placing your business through the right market, having the best representation through the underwriting process, and instituting recommended best practices will reduce risk and overall operating costs to your business – and reduced cost means higher profits – we get it, does your current broker?

FAST FACT: Workers’ Comp Insurance

Should price be the deciding factor when it comes to Workers’ Compensation Insurance? You should not decide based solely on price. Different carriers provide different coverage. Unfortunately, many people take advantage of the system and place fraudulent claims. Last year approximately $30 Billion was paid out in false Workers’ Comp claims. Conrey Insurance Brokers can help prevent fraud and mitigate the potential of you becoming a victim through specific techniques.

Employee Benefits

You want to keep your people happy, and healthy, don’t you? Of course you do! Investing in employee morale and well-being is one of the best investments you can make. Aside from health insurance, there are many other non-cash benefits that can be offered to employees. Social security, unemployment compensation and workers’ compensation are mandatory; however, health insurance, life insurance, a pension plan and a retirement plan can be offered to attract and retain employees. The financial services planners at Conrey Insurance Brokers can help to craft an extensive employment package that is both attractive to potential applicants and yet still affordable.

FAST FACT: Employee Benefits

Key benefits such as health insurance and retirements plans are subject to government oversight and involvement. It’s important to make sure your benefit package complies with regulations with entities such as the IRS or the U.S. Dept. of Labor. This is an area where it makes a lot of sense to consult with an expert to avoid any costly mistakes.

SAFEGUARD ME FROM LAWSUITS

Business Liability Insurance

Business Liability Insurance protects a company or business owner in the event of a formal lawsuit or third-party claim. There are three main types of business liability insurance: general, professional, and product liability insurance. Many small business owners utilize a Limited Liability Corporation (LLC) to limit their personal risk, should someone levy a business-related lawsuit against them. However, this does not completely eliminate exposure to personal risk.

You can’t prevent lawsuits, but through Business Liability Insurance you can protect yourself in the event that one is filed against you.

FAST FACT: Business Liability Insurance

Did you know that General and Product Liability only respond to a Bodily Injury and/or Property Damage claim?

So, if you are facing a suit alleging any other kind of injury, such as an economic loss, you must have additional liability coverage.

Errors & Omissions Insurance

Even professionals need to protect themselves from the threat of a lawsuit. If you are in a position of giving advice, or your customers/clients seek your professional input to make important decisions, you are extremely vulnerable to being sued. Errors and Omissions Insurance (E&O) is a type of Professional Liability Insurance which protects companies that offer professional advice and services to their clients. It provides the necessary defense against claims made by clients for financial loss supposedly caused by inadequate advice or negligent actions – an error or omission in the service or product they offer.

Different from General Liability, this Professional Liability will also respond to opportunity and economic losses as well. Our experts can assist in determining the appropriate coverage your firm should carry and find the best solution to meet that need.

FAST FACT: Errors & Omissions Insurance

What does E&O Insurance cover?

In the event of a lawsuit, the E&O Insurance will cover defense costs, judgments, damages and settlements. Some well-known types of E&O insurance are Malpractice and Professional Liability insurance.

The Hartford Insurance Company selected Conrey Insurance Brokers as a company that falls within the #1 echelon nationally for premium growth, client retention and excellence in the field of underwriting. Contact us and find out why we are even recognized by our peers as being something special.

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