Cornerstone Insurance Agency LLC creates customized insurance solutions to help you guarantee the complete protection of your business. As an independent insurance agency, we have access to the products and Insurance companies that will help enhance your business while protecting its vital assets.

While every business is different, there are certain areas of risk that are common to all. Generally speaking, most businesses need one or more of the following commercial insurance protections:

General Liability

General liability, also known as “commercial liability insurance,” is a broad commercial insurance policy that covers general liability exposures of a business. Cornerstone Insurance Agency LLC recommends that every business, no matter how small, have a general liability policy in place.

Worker’s Compensation

Do you have employees? Do you pay individuals via 1099 to do work in your business? The state law requires your business to carry worker’s compensation insurance. This protects you and your business in case one of your employees or contractors is injured while they work for you. Cornerstone Insurance Agency LLC can help you find a competitive and cost-effective worker’s compensation policy for your business, whether your payroll is $200 per year or $200,000 per year.

Professional Liability Insurance (Errors & Omissions)

Professional liability insurance, also known as errors and omissions insurance, helps protect you and your company in the case your professional services are found to be negligent. This will protect you from any claims that your services caused a customer financial harm because your employee or business didn’t provide a service. All types of businesses would benefit from professional liability insurance, especially if you work directly with customers as you may be at risk of a liability claim.

Employment Practices Liability Insurance (EPLI)

Employment practices liability insurance covers employment-related liabilities other than on-the-job injuries. This can include legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights. If you have employees, Old Kentucky Insurance recommends considering this type of coverage.

Directors and Officers Insurance (D&O)

This type of insurance covers directors and officers of a company for negligent acts or omissions and for misleading statements that result in lawsuits against the company. There is a variety of Directors and Officers coverage available such as corporate reimbursement coverage, personal liability, and entity coverage. D&O policies may be broadened to include coverage for employment practices liability as well.

Commercial Auto

Do you have stickers or wraps on your car to advertise your business? Does your business own one or more vehicles? Then you need a Commercial Auto Policy. Some small business owners choose to keep their business vehicles on their personal policy. However, many personal insurance companies will not pay a claim on an auto accident when that vehicle is in business use. Statistically, when a vehicle with company stickers is in an accident, it’s the business that gets hit with the claim, not the individual. If the vehicle is insured by the individual and not the business, the insurance policy can’t help. That’s why Cornerstone Insurance recommends every business with auto risk carry a commercial auto policy that covers any type of auto used in the course of its business.