woman working at a deli/coffee shop


Whether you’re a “solopreneur” or lead a team of hundreds, your company needs protection from the risks of business ownership.


Coverage Highlights

Business Income & Extra Expense Actual Loss Sustained — No Waiting Period 

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.

Damage to Premises Rented to You 

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.

EPLI-Free Defense Reimbursement 

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.

Equipment Breakdown 

Coverage specifically for the tools and machines you need in your business is included with the policy.


Other Features Include…

Additional Coverages

  • Accounts Receivable: $10,000 on premises, $5,000 off premises
  • Basic Liability: $300,000 (higher limits available)
  • Buildings and Personal Property: Replacement cost
  • Contractual Liability
  • Medical Payments: $5,000 per person 
  • Money and Securities: $10,000 on premises, $2,000 off premises
  • Valuable Papers: $10,000 on premises, $5,000 off premises

Optional Coverages

  • Business Computer
  • Employee Benefits
  • Employee Dishonesty

Preferred Risks

These types of business offer especially competitive rates and special enhancement endorsements.

  • Auto parts stores
  • Baked goods and bakeries 
  • Coffee, tea, and spice shops 
  • Copying and duplicating services 
  • Dairy offices
  • Delicatessens 
  • Floor covering stores 
  • Florists 
  • Funeral homes
  • Gift shops
  • Mini-Warehouses
  • Monument dealers
  • Pizzerias (no delivery)
  • Print shops

Natural Disaster Business Protection

Sep 5, 2019, 4:15 PM

What you can do to help hurricane victims — and prevent tragedy at your company.

Hurricane Dorian may be the top story in the news right now, as it moves along the east coast of the U.S. It’s damaged homes and city streets in the Bahamas already. You can help survivors here.

While Hastings Mutual’s six-state region isn’t a target for hurricanes, other natural disasters are a threat. Tornadoes, fires… dangerous conditions exist in every season. You can prepare your home and family by creating an emergency plan — it includes an evacuation route if there’s a fire, a first aid kit, a supply of water, food, and medication, and more.

Business Emergency Planning

If you're a business owner, you’ll need another emergency plan too, this one for your office or worksite. Here’s what you can do to be ready before disaster strikes your business.

The U.S. Department of Homeland Security recommends starting with a business impact analysis, a study of the effects of a disaster on your company. If your company is shut down for a few days, how much will that cost you? What’s the price of a “business interruption?”

This can mean anything from profits you didn’t earn for the day to long-term effects like customers leaving your business permanently because your door was closed. There is insurance available: Hastings Mutual’s businessowners policy provides coverage for “business interruption.”

Natural disaster preparation coverage

After determining how your business could be affected, develop a plan to prevent those losses.

  • Have emergency medical supplies available. Here’s a kit you can create for your company. 
  • Make sure you have staff with first aid training. They can assist people who are hurt on the site of an emergency until medical professionals arrive.
  • If you rely on a particular vendor for merchandise, find a second vendor who can offer the same things as a backup.
  • Have emergency contact information in an easy-to-find place — and if you have Hastings Mutual Workers’ Compensation coverage, you also have access to skilled medical professionals via the FirstCall Work Injury Hotline

You can’t always be prepared for a disaster, even if you know it’s coming. Developing a business impact analysis, gathering supplies, and having Hastings Mutual business insurance will help you be ready before tragedy strikes.

Click here to learn more about commercial policies here at Hastings Mutual.

The Mutual Understanding blog and Hastings Mutual videos are made available for educational purposes only. The information referred to is not an official company statement, corporate policy, or offer of coverage. Refer to your insurance policy for specific coverage. There is no representation as to the accuracy or completeness of any information found by following any link on this site. Please contact your local independent insurance agent with further questions and for more details on any insurance policy-related information you read here.

© 2019 Hastings Mutual Insurance Company. All rights reserved.

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