COMMERCIAL INSURANCES
Our specialists in Construction Risk Insurance will design at-risk liability insurance policies to include contractual liability for bodily injury or damages to a third party, and workers compensation insurance.
The IFB Insurance Services, LLC team is available to advise our clients on a wide range of commercial insurances to protect their company against claims that result from business loss and casualties.
IFB Insurance Services, LLC offers:
Protect your business organization (the insured) from risks of liability claims for bodily injury (BI) and property damage (PD) arising out of premises, operations, products and completed operations; and advertising and personal injury (PI) liability.
This is a type of action where an injured employee, after collecting workers compensation benefits from the employer, sues a third party for contributing to the employee’s injury. Often the contractual liability section within the GL policy form leaves the employer exposed to suits against their GL policy via the Employers Liability (EL) exclusion.
The business organization’s assets may be at risk when the company is the target of lawsuits. If the cost of a claim exceeds the limits of a business’s underlying primary insurance policies, Commercial Umbrella Insurance extends liability coverage for an additional layer of insurance to further protect business assets.
Coverage that protects the business organization insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause.
BOP Insurance helps cover your business from claims resulting from things like fire, theft or another covered disaster and from claims involving bodily injury, property damage and personal and advertising injury that could arise from your business’ operations. Businesses can tailor a Business Owner’s Policy to help meet their unique needs by adding optional coverage’s like data breach, business income for off-premises utility services and other specialized coverage’s to their BOP.
Product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Coverage provided by cyber-insurance policies may include first-party coverage against losses such as data destruction, extortion, theft, hacking, and denial of service attacks; liability coverage indemnifying companies for losses to others caused, for example, by errors and omissions, failure to safeguard data, or defamation; and other benefits including regular security-audits, post-incident public relations and investigative expenses, and criminal reward funds.
Take on different forms and names depending on the profession and is sometimes required under contract by other businesses that are the beneficiaries of the advice or service. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm.