Business Insurance

A Perfect Fit for Every Step in Business

You have worked hard to build your business. We will work hard for you to strategically find solutions that will help your business effectively manage risk and control utilization.

HERE TO HELP

  (267) 384-5300

(717) 500-3437

 Find A Representative

A Perfect Fit for Every Step in Business

You have worked hard to build your business. We will work hard for you to strategically find solutions that will help your business effectively manage risk and control utilization.

HERE TO HELP

  (267) 384-5300

(717) 500-3437

 Find A Representative

Business Owners Policy (BOP)

Business Owners Policy

If you have a small to mid-size business it may qualify for a BOP that packages property, liability, and business interruption into one policy. In addition, there are a lot of enhancements included by companies to provide you with coverage in many different scenarios. You’ll have peace of mind that your business is protected all in one, affordable policy.

Commercial Package Policy (CPP)
Commercial Package Policy

For the more complex and larger businesses, a Commercial Package Policy (CPP) can be customized to suit your unique business and needs. The CPP typically begins with General Liability and Commercial Property policies. Other types of coverages are bundled with it based on type of business you have and your operations. Through a discovery process we will identify the policies needed and identify the insurance company that offers the best plan for you.

Agri-Business
Agri-Business

Whether you’re selling the seed or manufacturing the finished product, we’ve got you covered. We know how hard you work and we’ll work hard for you to take care of the worries that can keep you up at night. We love our farmers!

Business Auto
Business Auto

Having adequate insurance for your business vehicle(s) will help protect your assets if someone is injured or there is property damage in an accident in which you were at-fault. You have a lot of options for coverage and we’ll guide you to select the limits and deductibles that are best for you.


Workers Compensation

Workers Compensation

There are steps you can take to keep your employees safe at work but if they are injured, suffer from an illness, or even death as a result of their job, workers compensation provides coverage for expenses, lost wages, and rehabilitation services. This is different than a traditional insurance policy and we can help you manage the cost of work-related injuries.

Learn more >>

Commercial Property
Commercial Property

Your buildings, structures, and business property may be some of your business’s most valuable assets. Commercial property insurance is used to restore the property if there is damage to the building/structure or if property is stolen. Let us help you determine the correct amount of coverage so that your business doesn’t get hit with a financial loss when something bad happens.


Inland Marine
Inland Marine Insurance

Is your business property on the move? Inland marine insurance is for your business property that moves from location to location such as excavation equipment, catering equipment, tools, etc. These may be your most valuable assets and we can help you insure them for damage and theft.


General Liability

General Liability

Your general liability protects you when damage is done to someone else’s property or an injury occurs (by negligence or acts of omission) while you’re operating your business. Situations like these can be financially disabling; but with the appropriate coverage you can rest assured that your business will not be in jeopardy. Accidents happen. We can help you prepare for the unexpected.


 

Umbrella
Umbrella Insurance Policy

This supplemental policy will provide another layer of coverage over your business policies and, in some cases, broader coverages than the underlying. We can help you decide if an umbrella policy would be needed for your business.


Crime
Crime Insurance

Forgery, theft, and employee dishonesty can affect businesses of all sizes. Your exposures can be minimized with our help.

Cyber Liability
Cyber Liability

The expense to a business owner whose customer information has been hacked is extremely expensive. We will help you identify potential risks, decrease your chance of attack and provide a layer of protection if it occurs.


Directors & Officers Liability

Directors & Officers Liability

The senior leadership of your company can be protected with a D&O policy in the case a claim is made, negligent acts or omissions, or for misleading statements.


Employment Practices Liability
Employment Practices Liability

Do you have employees? If so, Employment Practices liability can protect and defend you for claims of discrimination, wrongful termination, sexual harassment, and other violations of employees’ legal rights. Don’t wait until a suit is brought against you, let us help you reduce the chance of it happening.


Environmental
Environmental

Pollution or contamination events can be sudden and accidental or occur over time. The clean-up, down time to your business, and bodily injury claims can add up quickly. We can work with you to ensure you have the right coverage in place in case you are sited for contaminating the ground, a building, or the air.


Errors & Omissions Liability
Errors & Omissions Liability

Your clients are trusting you to work on their behalf. If a mistake is made, whether it be a negligent act or an omission, an E&O policy can provide coverage for the damage incurred to your client. We can guide you in finding the best E&O coverage for your business.


Fiduciary Liability
Fiduciary Liability

As an employer you, and your designees, are charged with the fiduciary management of your employee benefit plans. A fiduciary liability policy will protect you and your business if charged with mismanagement of funds. We will work with you to find the coverage appropriate for you and your business.


Flood
Flood Insurance

Flood insurance is designed to restore your property to its pre-disaster condition. What is considered a flood by FEMA will determine whether or not water damage is covered on your flood policy. We can help you navigate this complex coverage.

 

Business Owners Policy (BOP)

If you have a small to mid-size business it may qualify for a BOP that packages property, liability, and business interruption into one policy. In addition, there are a lot of enhancements included by companies to provide you with coverage in many different scenarios. You’ll have peace of mind that your business is protected for a lot of different scenarios all in one, affordable policy.

Commercial Package Policy (CPP)

For the more complex and larger businesses, a Commercial Package Policy (CPP) can be customized to suit your unique business and needs. The CPP typically begins with General Liability and Commercial Property policies. Other types of coverages are bundled with it based on type of business you have and your operations. Through a discovery process we will identify the policies needed and identify the insurance company that offers the best plan for you.

Agri-Business

Whether you’re selling the seed or manufacturing the finished product, we’ve got you covered. We know how hard you work and we’ll work hard for you to take care of the worries that can keep you up at night. We love our farmers!

Business Auto

Having adequate insurance for your business vehicle(s) will help protect your assets if someone is injured or there is property damage in an accident in which you were at-fault. You have a lot of options for coverage and we’ll guide you to select the limits and deductibles that are best for you.


Workers Compensation

There are steps you can take to keep your employees safe at work but if they are injured, suffer from an illness, or even death as a result of their job, workers compensation provides coverage for expenses, lost wages, and rehabilitation services. This is different than a traditional insurance policy and we can help you manage the cost of work-related injuries.

Learn more >>

Commercial Property

Your buildings, structures, and business property may be some of your business’s most valuable assets. Commercial property insurance is used to restore the property if there is damage to the building/structure or if property is stolen. Let us help you determine the correct amount of coverage so that your business doesn’t get hit with a financial loss when something bad happens.


Inland Marine

Is your business property on the move? Inland marine insurance is for your business property that moves from location to location such as excavation equipment, catering equipment, tools, etc. These may be your most valuable assets and we can help you insure them for damage and theft.


General Liability

Your general liability protects you when damage is done to someone else’s property or an injury occurs (by negligence or acts of omission) while you’re operating your business. These situations can be financially disabling but with the appropriate coverage you can rest assured that your business will not be in jeopardy. Accidents happen. We can help you prepare for the unexpected.


 

Umbrella

This supplemental policy will provide another layer of coverage over your business policies and, in some cases, broader coverages than the underlying. We can help you decide if an umbrella policy would be needed for your business.


Crime

Forgery, theft, and employee dishonesty can affect businesses of all sizes. Your exposures can be minimized with our help.

Cyber Liability

The expense to a business owner whose customer information has been hacked is extremely expensive. We will help you identify potential risks, decrease your chance of attack and provide a layer of protection if it occurs.


Directors & Officers Liability

The senior leadership of your company can be protected with a D&O policy in the case a claim is made, negligent acts or omissions, or for misleading statements.


Employment Practices Liability

Do you have employees? If so, Employment Practices liability can protect and defend you for claims of discrimination, wrongful termination, sexual harassment, and other violations of employees’ legal rights. Don’t wait until a suit is brought against you, let us help you reduce the chance of it happening.


Environmental

Pollution or contamination events can be sudden and accidental or occur over time. The clean-up, down time to your business, and bodily injury claims can add up quickly. We can work with you to ensure you have the right coverage in place in case you are sited for contaminating the ground, a building, or the air.


Errors & Omissions Liability

Your clients are trusting you to work on their behalf. If a mistake is made, whether it be a negligent act or an omission, an E&O policy can provide coverage for the damage incurred to your client. We can guide you in finding the best E&O coverage for your business.


Fiduciary Liability

As an employer you, and your designees, are charged with the fiduciary management of your employee benefit plans. A fiduciary liability policy will protect you and your business if charged with mismanagement of funds. We will work with you to find the coverage appropriate for you and your business.


Flood

Flood insurance is designed to restore your property to its pre-disaster condition. What is considered a flood by FEMA will determine whether or not water damage is covered on your flood policy. We can help you navigate this complex coverage.

 

Business Insurance FAQs

What is co-insurance?

Co-insurance is a clause in an insurance policy that applies to the property coverage to insure that the property is insured to the proper value. Basically, it prevents the insured individual from saving premium dollars by deliberately insuring less than the specific co-insurance percentage for their risk/property.

In the majority of policies, there are three percentages offered for co-insurance; 80, 90 or 100%. In layman’s terms if you don’t insure your property to at least the co-insurance percentage, of full replacement value, you will receive a penalty.

For example, if the full replacement cost value of a building is $100,000 and the co-insurance is 80%, you must carry at least $80,000 coverage on the building or be subject to a penalty at the time of a loss or claim. In this example, if the building was insured for $70,000 when it was completely damaged by a fire, the penalty would be applied because the coverage needed to be at $80,000. The insurance would pay $61,250. The penalty would be $8,750.

What's the highest deductible can I get?

How high do you  want? It may depend on the value of your property vs. how much risk you, the insured, want to take. It is not uncommon for insureds today to have $5,000, $10,000 even $25,000 deductibles. Consider weighing the premium savings for a higher deductible vs. the amount of risk you are comfortable taking.

There is an Experience Mod on my Workers Compensation policy. What is it and how did I get it?

An Experience Mod is a multiplier that is assigned to you by the Pennsylvania Compensation Rating Bureau (PCRB). It can be a credit or debit on your policy depending on your work comp claims history. Only the PCRB can assign an experience mod and it adjusts annually based on premium paid, claims paid and class of business risk.

Are there discounts for “bundling” business policies?

Not the same way there are for “bundling home and auto”, but there are discounts available for business policies. Insuring your BOP or Package, business auto, workers compensation, and umbrella with the same company can increase the possibility for higher discounts.

Another benefit comes if you have multiple claims. Having all of your policies with one company can reduce the negative impact on future premiums and loss history.

Are my business auto premiums affected by the number of drivers?

No. The number of drivers on a business auto policy is not a premium factor.

What happens if a person driving my business auto is not on the driver list?

You are covered if there is a claim involving a driver you approved to use your vehicle but is not on your drivers list. However, you should add all approved drivers to your policy drivers list.

What is the difference between replacement cost and actual cash value?

When you purchase property coverage there are a few valuation methods available for your buildings and business property.

The most common is Replacement Cost followed by Actual Cash Value (ACV). RCV is just what it sounds like. At the time of a loss/claim you are are going to be made whole again; your building/property will be put back the same way it was prior to the loss. With ACV at the time of a loss, an adjustor will estimate the amount of the damage and depreciate the property, typically based on age and/or condition.

For example, consider a roof that experiences damage in a windstorm. If shingles blow off in the storm and you have an ACV policy, the adjustor will begin by determining the “life expectancy” of the shingles. If they were “30 year” shingles and are 15 years old when the storm ocurred, they have reached half their life expectancy and depreciated by half. Therefore, the claim payment will be half of the full replacement cost to put the shingles back on the roof. So why choose ACV? It is typically less expensive than replacement cost.

How can we help?

Contact an Advisor

Kyle

Insurance
Advisor

Jim

Insurance
Advisor

Joanne

Service
Advisor

Kristel

Service
Advisor

FIFS service and personal attention is second to none! It is a pure pleasure dealing with Joanne for our business insurance and my homeowners insurance is always burden-free due to the knowledgeable staff.


Tim M.

Souderton

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