Builders Risk Insurance
If you’re in the construction industry – whether you are a small residential contractor or a large commercial construction firm – you need the coverage provided by a builders risk policy. A builders risk policy is designed to protect your operation during the course of construction, and we at Tri-State Insurance Agency can provide you with the policy you need. We’ve been helping builders with their insurance programs for more than 60 years.
At Tri-State Insurance Agency, we’ll evaluate your operation’s commercial auto use and see what your risks and the extent of your needs are to determine the type of business auto insurance you require for proper protection. Whether you own company vehicles that are used for business purposes or not, you still have a liability risk. You may send employees on errands, to trade shows or on travel, possibly even paying for rental cars, vans or trucks. If your employees are on business in their own cars and cause an accident, your business can be held responsible for the costs associated with injuries and property damage. We can provide basic liability limits, extended limits of liability coverage and commercial umbrella insurance where needed. Your business auto policy can cover medical payments costs, lost income, legal defense bills, settlements and other expenses associated with covered claims.
Business Owners Policy
As a small to mid-size company, you may be able to streamline your insurance coverage with a Business Owners Policy (BOP) from Tri-State Insurance Agency. As specialists in analyzing business risk and recommending the best course of action for you, we can provide you with options that best fit your specific operation, including bundling together a group of standard coverages. For more than 60 years, businesses throughout the major counties of Pennsylvania, northern New Jersey and neighboring New York have been leveraging our knowledge and experience. Moreover, our high client retention rate is a testament to our personalized approach to all our customers.
Commercial Package Policy
With business growth and expansion comes the need to protect additional assets, perhaps even property and employees, as well as more complex insurance issues. To address complex and additional exposures, a Commercial Package Policy (CPP) is often a way to tailor coordinated insurance coverage in a competitive fashion. Tri-State Insurance Agency provides businesses throughout Pennsylvania, northern New Jersey and New York with Commercial Package Policies, which include a combination of general liability and business property insurance along with business auto, equipment breakdown, crime, inland marine, business interruption extra expense, and some other liability insurance.Additional protection can be added to the package including coverage for costs of debris removal, damage to outdoor property and signs, sewage/drain backup, and other damaging events.
Data breaches, network security, identify theft and other privacy issues make headline news every day. What’s more, these exposures are not exclusive to behemoth corporations or government agencies. Today, it’s rare to find a company without some level of cyber liability risk. The insurance industry has responded by addressing this emerging risk with various types of cyber liability insurance coverages. We at Tri-State Insurance Agency have also responded, partnering with various top insurers that provide the latest in protection for businesses just like yours.
Directors and officers liability (D&O) insurance
Executive liability is a threat for corporations, large and small. In addition to potentially huge litigation damages, expenses and distractions, fear of exposures can inhibit decision-making and result in the loss of significant business opportunities. At Tri-State Insurance Agency, we understand the importance of protecting your company’s leadership and assets from expensive legal claims.Directors and officers liability (D&O) insurance is designed to step in to protect the assets of individuals and companies when liability claims surface. Policies are available for private and public companies as well as non-profits and associations. They typically cover legal fees, financial settlements, and damage awards. Some policies will also cover some civil penalties and expenses related to regulatory or legal investigations.
Employment Practices Liability Insurance
Employment practices claims have risen over the past decade for several reasons, including a stepped-up proactive approach by the U.S. Equal Employment Opportunity Commission (EEOC) to investigate allegations of discrimination, sexual harassment and other violations in the workplace. What’s more, small and midsize companies are increasingly the targets of these allegations and investigations, with these types of claims very expensive to defend against, even if unfounded. And, if your business is found in violation of the law the penalties can be significant.
Commercial General Liability Insurance
A Commercial General Liability insurance (CGL) policy covers the standard liability risks businesses face. It insures your business for injuries to visitors or other third parties (not your employees) or damage to their property caused by the company’s operations. It also helps with legal defense costs and will pay settlements and damages as outlined in the policy. Slips and falls or other injuries individuals sustain when visiting your business are typical exposures covered by the CGL. Tri-State Insurance Agency, depending on your needs, can provide this coverage as part of your Business Owners Policy (BOP) or Commercial Property Policy (CPP).
One of the most intrinsic protections that one can purchase is homeowners insurance, which offers a wide range of coverage that extends to your home, its contents, and your financial assets as well. Because this insurance comes in all shapes and sizes, a policy must be tailored to fit the individual’s circumstances. We take into careful consideration all the pertinent aspects of the structure itself, yet also examine your lifestyle, your tolerance for risk, your wealth, even your family structure. What emerges is a clear picture of the policy that is best for you, offering the most comprehensive protection at a competitive price.
Contrary to some beliefs, umbrella insurance isn’t only for those in the highest income brackets. In fact, this coverage is often employed by savvy clients who utilize it as a financial safety tool for its ability to shield assets via an extension of liability protection.Allow the professionals at Tri-State Insurance Agency to show you how you can put an umbrella policy to work for you. We’ll perform a detailed review of all your assets—including savings, investments, real estate holdings, real and liquid assets, other items of value, and insurance, to develop a clear picture of your financial profile. We then examine your financial goals, and establish how well they align with the factors that present a risk to your financial health, such as spending habits, general lifestyle, family commitments, location, reputation, or various other elements that could enhance or detract from the potential growth of your financial portfolio.