Commercial Insurance
Small business owners & entrepreneurs
Commercial insurance provides financial protection for businesses and organizations. Some benefits of commercial insurance include:
- Protection against liability: This includes protection against lawsuits for things like property damage or personal injury that may occur on your business’s property.
- Protection against property loss: This includes coverage for damage or loss of business property, including buildings, equipment, and inventory.
- Business interruption coverage: This covers lost income and expenses if your business is unable to operate due to a covered loss.
- Employee benefits liability: This protects your business in case of an employee claim related to employee benefits.
- Cyber-risk coverage: This covers the cost of responding to and recovering from a data breach or cyber-attack.
Overall, commercial insurance can help protect a business from financial loss and provide peace of mind in case of unexpected events.
Business Owners Policy (BOP)
A Business Owners Policy (BOP) combines several different types of coverage into one policy. It is designed for small to medium-sized businesses and is meant to provide broad protection against common risks that businesses face.
A typical BOP policy will include:
- Property insurance: covers the cost of damage to or loss of the business’s property, such as buildings and equipment.
- General liability insurance: covers the cost of third-party claims for injury or property damage that may occur on the business’s property or as a result of the business’s operations.
- Business interruption insurance: covers the loss of income in the event that the business is unable to operate due to a covered loss, such as a fire or natural disaster.
General Liability
Protects businesses from financial loss resulting from third-party claims of bodily injury or property damage. It is designed to provide coverage for the cost of legal defense and any resulting judgments or settlements.
General liability insurance typically covers:
- Bodily injury: medical expenses and lost wages for someone who is injured on the business’s property or as a result of the business’s operations.
- Property damage: cost of repairs or replacement of property that is damaged as a result of the business’s operations.
- Personal and advertising injury: such as libel, slander, and copyright infringement
- Medical payments: regardless of fault, for injuries sustained on the business’s property
Employment Practices Liability Insurance (EPLI)
Protects businesses from financial loss resulting from claims of employment-related discrimination, harassment, wrongful termination, and other employment-related liabilities. It is designed to provide coverage for the cost of legal defense and any resulting judgments or settlements.
EPLI insurance typically covers:
- Discrimination claims: based on race, gender, age, disability, or other protected characteristics
- Harassment claims: including sexual harassment
- Wrongful termination claims: for example, for retaliation or breach of contract
- Retaliation claims: for example, for reporting a discrimination or harassment
- Severance pay claims
Builders Risk
Builder’s risk insurance, also known as course of construction insurance, protects a building or construction project from physical loss or damage while under construction. It is designed to provide coverage for the cost of repair or replacement of the property in case of loss or damage caused by a covered peril such as fire, wind, theft, or vandalism.
Builder’s risk insurance typically covers:
- The cost of materials and equipment
- The cost of labor
- The cost of debris removal
- The cost of architectural, engineering, and permitting fees
The coverage period usually starts at the beginning of the project and ends when the project is completed and ready for occupancy or use.
Workers Comp
Workers’ comp is mandatory in CA and employers are required to provide coverage for their employees. Workers’ comp provides benefits for:
- Medical expenses: for treatment of the injury or illness
- Lost wages: for the time an employee is unable to work
- Rehabilitation: to help an employee return to work
- Death benefits: for the employee’s family in case of death
Errors & Omissions (E&O) / Professional Liability
Errors and Omissions (E&O) insurance, also known as professional liability insurance, protects businesses and individuals from financial loss resulting from third-party claims of professional negligence or mistakes. It is designed to provide coverage for the cost of legal defense and any resulting judgments or settlements.
E&O insurance typically covers:
- Professional mistakes or errors
- Omissions or neglect in providing a service
- Failure to perform a service
- Breach of contract
- Misrepresentation
- Infringement of intellectual property rights
Commercial Auto
Commercial auto insurance provides coverage for vehicles used for business purposes. It is designed to protect businesses from financial loss resulting from accidents or damage to vehicles used for business operations.
Commercial auto insurance typically covers:
- Liability coverage: which pays for third-party claims for bodily injury or property damage that may occur as a result of an accident involving a business-owned vehicle.
- Collision coverage: which pays for damage to the business-owned vehicle resulting from an accident, regardless of who is at fault.
- Comprehensive coverage: which pays for damage to the business-owned vehicle resulting from non-collision events such as fire, theft, or vandalism.
- Uninsured or underinsured motorist coverage: which covers the cost of injuries or damages caused by an uninsured or underinsured driver.
- Medical payments coverage: which pays for medical expenses incurred by the driver or passengers in the event of an accident.
Umbrella / Excess Liability
A commercial umbrella insurance policy provides additional coverage over and above the limits of an underlying commercial liability policy such as general liability, auto liability, or employer’s liability. It is designed to protect businesses from financial loss resulting from large or catastrophic liability claims.
A commercial umbrella policy typically provides coverage for:
- Bodily injury: medical expenses and lost wages for someone who is injured on the business’s property or as a result of the business’s operations.
- Property damage: cost of repairs or replacement of property that is damaged as a result of the business’s operations.
- Personal and advertising injury: such as libel, slander, and copyright infringement
- Defense costs: legal fees associated with defending a claim
Why choose WAWA Insurance Agency?
Your personal agent
At WAWA Insurance Agency we are not a call center. Our team of licensed agents are always ready to personally help you answer questions about your policy and are ready to provide service and support for all your insurance needs.
Quality & Affordability
At WAWA Insurance Agency, our goal is to find the best coverage and rates for our customers first. We work for you.
Experience
Did you know WAWA Insurance Agency is a family owned business that has been serving Southern CA for over 30 years? We’ve insured it all, from business, to home and auto, to life and health, we have the solutions you need.
Our Services
WAWA Insurance Agency builds insurance portfolios for our client’s needs, but more importantly we build relationships with clients to ensure their needs continue to be met as they change. That means the service doesn’t stop at the sale of the policy, our agents are here to service our clients long after, whether it’s the birth of a new child, a purchase of a new car, or they need help with a claim. Here are some of the things you can expect as a client of WAWA Insurance Agency.
– Annual policy reviews – Payment assistance and billing inquiries – Assistance with claims – Industry updates on policy information –
We’re proud to represent
CONTACT INFO
WAWA Insurance Agency
680 Brea Canyon Rd, Suite 100
Walnut, CA 91789
Tel: (626) 810-5556
Fax: (626) 810-4050
info@wawainsurance.com
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