Business Owners

Business Insurance in Myrtle Beach, SC

Business Insurance is A broad term referring to a class of insurance often including property and liability coverages specific to the type of business. The Property coverages can include the insured's physical property such as buildings, contents, money, and securities, as well as loss of earnings due to a covered peril, and coverage for other's property in the care, custody, and control of the insured.

Liability coverage usually applies to bodily injury, property damage, and other liabilities to third parties. Liability coverage may be limited to specific premises, to the United States and its territories, or may even extend worldwide. Liability coverage and premiums are based on the operations of the insured.

Professional Liability is usually a separate coverage and applies to the failure to, or improper rendering of, professional services. Schedule an appointment at our insurance agency if you have questions about any of our coverages below.

Property Insurance

Property coverages can include the insured's physical property such as buildings, contents, money, and securities, as well as loss of earnings due to a covered peril, and coverage for other's property in the care, custody, and control of the insured.

Workers’ Compensation

Protection that provides statutory benefits to employees for injury or contracted disease arising out of and in the course of employment. All states have laws that require such protection for most workers and prescribe the length and amount of such benefits provided.

Liability Insurance

Liability coverage usually applies to bodily injury, property damage, and other liabilities to third parties. Liability coverage may be limited to a specific premise, to the United States and its territories, or may even extend worldwide. Liability coverage and premiums are based on the operations of the insured. Professional Liability is usually a separate coverage and applies to the failure to, or improper rendering of, professional services.

Professional Liability

This is sometimes referred to as Errors & Omissions insurance (E&O). It is a class of insurance that indemnifies the insured business for third-party liability claims due to the failure to provide, or improper rendering of, professional services. Professionals include doctors, lawyers, engineers, insurance agents, and many others.

Bonds

There are many types of bonds. Insurance bonds are normally three-party contracts in which one party agrees to guarantee the act, performance, or behavior of a second party to a third party. Two common types of bonds are fidelity and surety. A fidelity bond reimburses an employer for theft or embezzlement of an employee. A surety bond is a written agreement where one party, called the surety, obligates itself to a second party, called the obligee or beneficiary, to answer for the default of a third party, called the principal.

Contact us if you need insurance for your small business. We proudly serve individuals and business clients throughout Myrtle Beach, SC, and the surrounding areas.