Whether you’re a “solopreneur” or lead a team of hundreds, your company needs protection from the risks of business ownership.
If you can’t operate your business because your property or equipment is damaged, we’ll help cover your costs, up to the actual amount of lost income.
Not every business owner also owns their building. If you rent your shop and it is damaged, up to $50,000 of costs are covered.
This coverage pays your business back if you must defend against a lawsuit connected to a worker’s employment. This has a limit of $10,000.
Coverage specifically for the tools and machines you need in your business is included with the policy.
These types of business offer especially competitive rates and special enhancement endorsements.
Jennifer Harughty of Texas was having fun at a Houston Astros baseball game last summer. At least until, she claims, the T-shirt cannon fired by the Astros’ mascot seriously injured her finger. She’s had surgery and is now suing the team to recover her expenses.
If the Astros have to pay Harughty, the money will most likely come from the team’s insurance coverage — their general liability coverage. It applies to bodily injuries and property damage: in other words, it’s beneficial for nearly every business.
Bodily injury is defined as injury, sickness, or disease sustained by a person, including death resulting from any of these at any time.
Property damage is physical injury to tangible property, including all resulting loss of use of that property, or loss of use of tangible property that is not physically injured. Tangible property is anything that’s a possession: land, buildings, tools, vehicles, and almost everything else you can think of.
While a basic general liability policy provides coverage for bodily injury and property damage claims, you can expand coverage with the addition of these endorsements to your policy:
Talk to your independent insurance agent for a quote on coverage, and for more details on what Hastings Mutual can do for you.