Business insurance is simply a contract between an insurance company and a business wherein the business makes premium payments in exchange for the insurance company assuming the risk in the event of a loss or claim. If there is a loss or claim, the insurance company incurs the financial loss up to the limit of the policy after the deductible amount is paid by the business filing the claim.

Normally at the time of the loss, the business files a claim and usually an insurance adjuster is assigned to assess the damage and process the claim. Once the claim is settled, the business then receives the appropriate financial compensation for the loss. There are different scenarios with regards to how claims are filed and settled and we’d be more than happy to discuss this in greater detail.

Your business may not need every type of business and that is where our experts come in. DFI Insurance has licensed advisors available to discuss and assess the appropriate needs for your business and with more than 35 years of experience, we make the process quick and easy. We have access to numerous top carriers and are able to offer you business insurance quotes for multiple policies. You simply compare your options and select the protection you need.

Feel free to reach out to us if you need assistance or have any questions. We’d be more than happy to help!

There are many risks that can affect your business and it is important to have a professional assess and recommend appropriate protections for your business. Our trained specialists are experts at helping you understand these risks and ensure you are properly protected.

Risks can come at your business from just about any angle and there is usually a form of business insurance that can help protect you. Risks generally fall into one of four categories. These categories are customers, employees, property, and vehicles.

Customer Risks:

Not everyone may be happy with your product or your service and sometimes this dissatisfaction from customers can turn into actionable situations. Fortunately there is a policy to protect your business if a customer sues.

Employee Risks:

Your employees are one of your most important assets and ensuring you are properly protected in the event of a workplace accidents is one of the most important types of coverage you can have. Many times this is a required coverage.

Property Risks:

Property risks involve risks to your physical building, your tools, your assets, etc. These claims can comes from mother nature or an employee and making sure your business can recover from these claims is very critical to protect against.

Vehicle Risks:

Accidents happen. Accidents can be very expensive especially when it occurs to your business vehicles. Ensuring you can get back on track and cover your employees and others is another very important type of coverage.

Types of coverage can be complex and we are the experts who have decades of experience on what types of coverage is appropriate for your business. With your guidance, we can craft exactly what you need to stay protected. Below are some examples of types of policies and examples of situations they would provide coverage for.

Policies That Deal With Customers:

Customers are the lifeblood of your business but unfortunately situations can arise from customers that can put your entire business at risk unless you have the appropriate coverage. Fortunately there are numerous types of policies that can cover you or mitigate the risk in these situations.

General Liability Insurance protects a companies assets and pays for obligations such as medical costs, property damages, or injuries caused by you or your employees. Liability insurance also covers the cost of your legal defense and any settlement award in the event you are successfully sued. These usually include compensatory damages, non monetary losses by an injured party and punitive damages. General Liability insurance can also protect you against liability as a tenant if you cause damage to a property that you are renting. General Liability insurance also covers libel, slander, copyright infringement and claims of false or misleading advertising.

Professional Liability Insurance (also know as errors and omissions or E&O insurance) protects against mistakes or other negligence claims such as a failure to perform. These policies are highly specialized based on your industry so please contact us today so we can further review what needs you might have for Professional Liability Insurance.

Cyber liability Insurance is an important type of insurance coverage with all of the technology that exists today. Cyber Liability Insurance is intended to cover both liability and property losses that may result when a business uses various means of electronic activities such as ecommerce or when a business is electronically collecting and storing data within its electronic network. This policy protects against accidental data breaches  or wherein a hacker has gained access to customer data. Coverage generally includes notification costs, credit monitoring costs, fines, penalties and loss resulting from identity theft. Additionally Cyber Liability Insurance can cover business interuption, data loss or data destruction, computer fraud and cyber extortion.

Policies that Cover Employee Risks:

Employees are an important part of your business but with employees comes risk and you are responsible and liable for any workplace injuries and for ensuring you are not violating their work rights. These risks can be rather expensive to defend against and therefore ensuring you are properly protected is paramount.

Workers Compensation Insurance is necessary once that first employee gets hired. This coverage ensure that medical treatment, disability and even death benefits are covered in the event an employee is injured or worse dies as a result of his work with the business or the work environment. Even low risk employees can have very large claims so this is a critically important coverage to have and in most instances is actually required.

Employment Practices Liability Insurance (known as EPL or EPLI) provides coverage to employers against claims made by employees alleging many forms of discrimination such as sex, age, race,  disability, wrongful termination, harassment, and many other employment-related issues.

Policies that Cover Property Risks:

Commercial Property Insurance is very important insurance that helps pay to replace or repair property such as equipment, inventory, and furniture that was damaged by a storm, fire, or other event covered by the policy. Additionally it covers lost or stolen property which are very common business claims. There are some exceptions that may not be covered such as flood or earthquake damage so be sure to contact us today to discuss your Commercial Property Insurance needs.

Business Owner’s Policy is an enhanced policy that combines protection from all major property and liability risks in one package and sometimes this is sufficient for your needs while other situations might require additional coverage. We will help you decide what you need and if a BOP is suitable for your specific situation. Contact us today for further information.

Policies that Cover Vehicle Risks:

Commercial Auto Insurance is necessary whether you have a single vehicle or many vehicles registered in your business name. Personal auto insurance does not cover a vehicle used for business purposes so ensure you have the proper coverage by contacting us today!

The cost of business insurance can vary significantly and there are a number of factors that affect business insurance costs. Factors include the type of business and the types of coverage appropriate for that business. Another factor is the size or amount of coverage needed by a business. A small or home-based business can often have insurance costing as little as $500 per year while certainly larger companies with more complex needs will incur higher costs.

We are experts at insurance with over 35 years of experience and our skilled team of licensed specialists will help reduce this cost by comparing rates among all of our top carriers. We work hard to ensure we get you the exact coverage necessary to ensure the best protection for your business while ensuring it comes at the lowest possible expense.

Let us earn your business by reaching out today to learn how we can save your company money and provide the exact coverage your business needs!

While you don’t need every possible type of insurance coverage, you do need some coverage. Some of the types of insurance we offer is below but please be aware that not all of these are likely to be necessary. Contact our licensed advisors today. We are experts at determining just the right coverage for your business whether you are just starting out or are a large established company with complicated insurance demands. We’ve been around for over 35 years and our experts have access to major top carriers who can provide you with great rates backed by great companies.