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Please note! At this time, eno.insure is unable to write any business property insurance in the state of Florida. This will include, but may not be limited to, Business Owners Policies, Business Personal Property, General Liability, Commercial Auto, Commercial Umbrella.

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Commercial Insurance

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What is Commercial Insurance?

Commercial insurance is a type of insurance designed to protect businesses from financial losses related to their operations, employees, and other business activities. Commercial insurance policies are customizable to meet the specific needs of individual businesses and typically provide coverage for a variety of risks, including property damage, liability, and loss of income.

Commercial insurance can provide important protection to businesses of all sizes and industries, helping to minimize financial losses and mitigate risks associated with business operations.

What does Commercial Insurance cover?

Commercial insurance can cover a wide range of risks and exposures that businesses may face in the course of their operations. Here are some of the types of coverage that are commonly included in commercial insurance policies:

  1. Property damage: Commercial property insurance can provide coverage for damage to buildings, equipment, and other property owned by the business. This can include damage from fire, theft, vandalism, or natural disasters.
  2. Liability: Commercial general liability insurance can provide coverage for bodily injury, property damage, and other types of liability that may arise from business operations. This can include accidents or injuries that occur on business premises, as well as products or services that cause harm to others.
  3. Workers’ compensation: Workers’ compensation insurance can provide coverage for employees who are injured on the job. This can include medical expenses, lost wages, and other expenses related to workplace injuries or illnesses.
  4. Business interruption: Business interruption insurance can provide coverage for lost income and other expenses if a business is forced to close due to a covered event, such as a natural disaster or fire.
  5. Cyber liability: Cyber liability insurance can provide coverage for losses related to data breaches, cyberattacks, and other types of cyber threats. This can include expenses related to notifying affected individuals, credit monitoring services, and legal fees.
  6. Employment practices liability: Employment practices liability insurance can provide coverage for claims related to wrongful termination, discrimination, harassment, and other employment-related issues.

The coverage provided by a commercial insurance policy will depend on the specific needs and risks of the individual business. It’s important to work with an experienced insurance provider to determine the appropriate coverage for your business.

What doesn’t Commercial Insurance cover?

While commercial insurance policies can provide coverage for many types of risks and exposures that businesses may face, there are some things that are typically not covered. Here are some examples:

  1. Intentional acts: Commercial insurance policies typically do not cover losses that result from intentional acts, such as fraud or criminal activity.
  2. Employee theft: While commercial insurance policies can provide coverage for losses related to theft or other criminal activity, they may not cover losses that result from employee theft.
  3. Nuclear accidents: Commercial insurance policies typically exclude coverage for losses related to nuclear accidents or radiation exposure.
  4. Pollution: Commercial insurance policies may exclude coverage for losses related to pollution or environmental damage, although separate pollution liability insurance may be available.
  5. Professional liability: While some commercial insurance policies may provide coverage for certain types of professional liability, such as errors and omissions coverage, this is not typically included in a standard commercial insurance policy.

It’s important to review the specific terms and exclusions of your commercial insurance policy to understand what is and is not covered. If you have any questions or concerns about your coverage, be sure to contact us.

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About eno.insure!

ENO Insurance Agency is a family-owned and operated business that has been providing professional liability insurance to clients for over 20 years. We take pride in our ability to provide our clients with personalized service and customizable insurance solutions that meet their specific needs. Our knowledgeable and experienced staff is dedicated to providing our clients with the best service possible.

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Adam Gwaltney, President, COO

"We use ENO Insurance for our firm’s Professional Liability and Cyber insurance. The reason we would go nowhere else is simple. Outstanding service. They always respond to our questions in a timely and efficient manner. But what really sets ENO Insurance apart is the time they take to clearly explain the pros and cons of any question we ask, helping us make good, informed decisions."
Beth Silverman and AssociaesLaw Firm
"We have always done our Professional Liability with ENO Insurance, and have no plans to switch.  The level of professionalism and responsiveness is second to none.  They always take the time to research any questions we have, and get back to us in a timely manner.  Our experience with ENO Insurance is we are a valued customer, not just a number."
Kristy DouglasCPA
"We have always done our Professional Liability with ENO Insurance, and have no plans to switch.  The level of professionalism and responsiveness is second to none.  They always take the time to research any questions we have, and get back to us in a timely manner.  Our experience with ENO Insurance is we are a valued customer, not just a number."
Safford & BakerLaw Firm

Who needs Commercial Insurance?

Business insurance is important for any business, regardless of its size or industry. All businesses face a variety of risks and exposures that could lead to financial losses or legal liabilities. Business insurance can provide protection against these risks and help to minimize the financial impact of unexpected events.

Here are some examples of businesses that may need business insurance:

  1. Small businesses: Small businesses may have limited financial resources and may be particularly vulnerable to financial losses related to property damage, liability claims, or other risks. Business insurance can provide a safety net to help protect against these losses.
  2. Professional services firms: Professional services firms, such as law firms, accounting firms, or consulting firms, may face professional liability risks related to the services they provide. Professional liability insurance can provide protection against claims of negligence or errors and omissions.
  3. Contractors and construction companies: Contractors and construction companies may face risks related to property damage, bodily injury, and construction defects. General liability insurance and workers’ compensation insurance can provide protection against these risks.
  4. Retail businesses: Retail businesses may face risks related to property damage, theft, and liability claims from customers. Property insurance and general liability insurance can provide protection against these risks.
  5. Technology companies: Technology companies may face risks related to cyber liability, intellectual property infringement, and product liability. Cyber liability insurance and professional liability insurance can provide protection against these risks.

Business insurance is essential for any business that wants to protect itself against financial losses and legal liabilities. The specific types of coverage needed will depend on the nature of the business and the risks it faces. It’s important to work with an experienced insurance provider to determine the appropriate coverage for your business.

What Policy Limits are right for my business?

The appropriate policy limits for your business will depend on a variety of factors, including the size and type of your business, the level of risk associated with your industry, and the specific risks and exposures that your business faces.

Here are some general guidelines to consider when determining the appropriate policy limits for your business insurance:

  1. Property insurance: The policy limit for property insurance should be sufficient to cover the full replacement value of your business property, including buildings, equipment, and inventory.
  2. Liability insurance: The policy limit for liability insurance should be sufficient to cover potential legal liabilities and damages related to bodily injury, property damage, and other covered events. The limit should be based on the potential severity of a claim, as well as the assets of your business and the level of risk associated with your industry.
  3. Business interruption insurance: The policy limit for business interruption insurance should be sufficient to cover the potential income losses and extra expenses that your business may incur in the event of a covered loss. This may include lost profits, ongoing expenses, and costs associated with relocating or rebuilding your business.
  4. Cyber liability insurance: The policy limit for cyber liability insurance should be based on the potential costs associated with a data breach or other cyber attack, including legal expenses, notification and credit monitoring expenses, and costs associated with restoring data and systems.

It’s important to work with an experienced insurance provider to determine the appropriate policy limits for your business insurance. They can help you assess your risks and exposures and recommend coverage options that will provide adequate protection for your business.

How much does a Commercial Insurance policy cost?

The cost of business insurance can vary widely depending on a variety of factors, including the size and type of your business, the industry you operate in, the specific risks and exposures you face, and the types and limits of coverage you select.

Here are some factors that can impact the cost of your business insurance:

  1. Industry: Some industries, such as construction or healthcare, may have higher risks and liabilities than others, which can impact the cost of insurance.
  2. Size of business: Larger businesses typically require more coverage than smaller businesses, which can impact the cost of insurance.
  3. Location: The location of your business can impact the cost of insurance, as some areas may have higher risks for certain types of claims, such as natural disasters or crime.
  4. Claims history: A history of previous claims can impact the cost of insurance, as insurers may view your business as a higher risk.
  5. Coverage limits: The higher the coverage limits you select, the higher the cost of insurance.

To get a better idea of the cost of commercial insurance for a specific business or profession, it’s best to consult with us so that we can provide a customized quote based on the individual needs and risk factors.

Where is the eno.insure team licensed to sell Professional Liability Insurance?

The eno.insure team is licensed in the following states:

  • Alabama
  • Arizona
  • Colorado
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Maryland
  • Michigan
  • Minnesota
  • Montana
  • New Jersey
  • North Carolina
  • Ohio
  • Pennsylvania
  • South Carolina
  • Tennessee
  • Texas
  • Virginia
  • Wisconsin

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ENO Insurance Agency is a family-owned and operated business that has been providing professional liability insurance to clients for over 20 years. 

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