Business Insurance | Kanarek Family Agency

Major Types of Business Insurance

General Liability Insurance

A standard policy issued to businesses that protects against liability claims for bodily injury and property damage arising from premises, operations, products, and completed operations, as well as advertising and personal injury liability.

Commercial Auto Insurance

Covers cars, trucks, motorcycles, and other vehicles owned or operated by a business. It provides financial protection against physical damage or bodily injury from traffic accidents and any resulting liability. It may also cover vehicle theft and non-collision damage.

Commercial Property Insurance

Protects an organization’s buildings and personal property from loss. This typically includes the business’s buildings, its personal property, and the property of others in the business’s care. Coverage may be offered on an all-risk basis or for specific perils.

Commercial Umbrella Insurance

Provides liability coverage in excess of other commercial policies and may act as primary coverage for certain losses not covered elsewhere. When a business is liable for damages exceeding primary policy limits, the umbrella policy pays the additional amount up to its limit.

Professional Liability Insurance

Also known as professional indemnity insurance (PII) or errors & omissions (E&O), this coverage protects companies that provide professional advice or services. It helps cover the cost of defending negligence claims and any damages awarded, even if a lawsuit is ultimately groundless.

Business Owner's Package

A Business Owner’s Package (BOP) combines major property and liability protections into one policy. It typically offers bundled coverage at a lower cost than purchasing each policy separately. BOPs are designed for small and mid-sized businesses and commonly include business interruption insurance, providing reimbursement for lost income after an insured property loss.

Group Health Insurance

A policy purchased by an employer and offered to eligible employees — and often their families — as part of the company’s benefits package. Group health coverage is a core component of most employee benefit programs.

Group Life Insurance

Also called wholesale or institutional life insurance, this is term life coverage for a group of people such as employees, union members, or association members. Instead of individual underwriting, insurers evaluate the size, turnover, and financial stability of the group.

Group Disability Insurance

Provides income replacement to insured group members who experience a qualifying disability due to illness or injury. Coverage typically comes in two forms: short-term disability (STD) and long-term disability (LTD).

Supplemental Insurance

Supplemental insurance is additional coverage that helps pay for services and out-of-pocket expenses not covered by a primary insurance policy.