Commercial Insurance Policies

Insurance doesn’t have to be complicated. Our relationships with a multitude of top-rated insurance companies give our customers the power to choose the best options for their needs.

Commercial Auto Insurance
Securing the best commercial auto insurance keeps your business moving. With access to multiple top-rated insurance companies, we can find the commercial auto policy that fits your business plan. It’s quick and convenient. Let us do the work for you!

Commercial auto policies include multiple coverages:

• Comprehensive
• Collision
• Medical payments
• Auto liability
• Coverage for employees’ cars used for your business
• Coverage for leased or borrowed autos for the business
• Uninsured or underinsured motorist
• Roadside assistance
• Gap coverage
• Loss of income

General Liability & Professional

You've worked hard to build your business. No matter how carefully you've planned, life can throw unforeseen legal perils your way—but you can shield your business and its assets with commercial general liability insurance. A smart business plan for your small or midsized business should include this essential coverage.

A GoldenTrust agent can help you safeguard your assets with Commercial General Liability Insurance:

Commercial general liability insurance (CGL) can be sold as a standalone policy or combined with property insurance in a Small Business Package or Business Owner’s Policy (BOP).
CGL offers coverage for your operations and premises, including coverage for property damage, bodily injury, and medical expenses.
Coverage can include products and completed operations, personal injury, advertising injury, and damage to premises rented to you.

Workers Compensation

An Important Coverage That Protects Your Employees

What is workers’ compensation insurance?

Workers’ compensation insurance, or workers’ comp, provides wage replacement and medical benefits to employees who are injured or become ill due to their job. This coverage can extend to other parties not necessarily intended to be covered.

If your employee is sick or injured on the job, this policy provides coverage for work-related injuries, including medical payments, rehab, lost wages, and other expenses. Long-term benefits may be available if the employee is unable to return to work.

In the unfortunate event that an employee dies due to a work-related accident, this important insurance will pay a benefit to their family.

Why is it so important?

Failure to purchase workers’ compensation insurance can result in fines where required by law. Workers’ comp is a no-fault insurance program. As an employer, you pay for workers’ compensation insurance, and your business, in return, is covered for work-related accidents. Rules and regulations vary, but nearly every state requires some form of workers’ comp.

Your employees count on you in the event of a work-related injury. Protecting them is in both your and their best interests.

Commercial Property

As a business owner, you have specific commercial property insurance needs. The Power of GoldenTrust means discovering the best policies to fit your business and financial needs.

GoldenTrust agents can tailor an insurance package to fit your small or midsized business. Our relationships with top-rated insurance companies allow us to find the right policy features to protect your commercial property. Policies may include:

• Coverage for your buildings, including garages and warehouses
• Payment for financial losses due to hazards such as fire, storms, or burst water pipes
• Protection for the contents of commercial buildings and your personal property, including inventory, office equipment, and furnishings
• Coverage for damage to your outdoor sign
• Provisions to cover leased workspaces and home-based businesses
• Protection for office computers, laptops, and other electronics
• Coverage against loss or damage to the property of others in your possession on your premises or at a job site
• Payment for rekeying of locks following the theft of keys by a burglar
• Equipment breakdown coverage for the cost to replace or repair equipment following a loss caused by mechanical breakdown or electrical current
• Protection of money and securities used in your business if stolen, destroyed, or lost

Business Interruption

Keep business going as usual with business interruption insurance. We can help you protect your business against lost income, employee salaries, and rent expenses.

Business owners often overlook the importance of business interruption insurance. This coverage acts like disability insurance for your business and pays for the loss of profit and ongoing expenses in the event of an interruption.

Business Interruption Insurance can:

• Be part of a package or an endorsement to a commercial property policy
• Protect your business in case of a loss, such as damaged business equipment or vandalism, or a hazard like fire, hail, or windstorm, forcing closure for a short period, within the policy terms
• Pay for lost net income and continuing expenses such as rent or mortgage, advertising, salaries, and taxes
• Cover relocation and advertising fees if you temporarily move to another location

Consider what would happen if your business suffered a loss. Learn more about business interruption insurance from your GoldenTrust Insure agent.

Small Business Insurance
See what a Small Business Package can do. Our flexible options allow you to get your business insured at each stage of development.

A Small Business Package can:

• Cover your business in the event of business interruption, property damage, or lawsuits resulting from bodily injury or property damage to others
• Pay legal expenses if liability claims are brought against your business, regardless of fault
• Provide coverage for personal and advertising injury for offenses such as slander, libel, disparagement, or copyright infringement in your advertisements
• Provide replacement cost coverage for buildings and most business owners’ personal property
• Include other coverages as needed, such as commercial auto, equipment breakdown insurance, crime insurance, and flood insurance
• Save you money over purchasing individual business insurance coverages

If you own a small or midsized business, a Small Business Package or Business Owner’s Policy might be right for you. A GoldenTrust Insure agent can help you save on your business insurance and keep you focused on growing your bottom line. Get a quote and a local agent will be there to help.

Commercial Umbrella

A personal umbrella policy is optional protection that extends the liability coverage provided by an underlying policy, such as homeowners or car insurance. The extra protection helps you pay expenses if you’re found liable for damages that exceed the limits of your underlying policy.

Questions to Ask Yourself About Umbrella Liability and Your Risk

• What is the value of your assets?
• What is your profession?
• What is your potential loss of future income?
• What risks do you think you might face?

What Information is Needed to Get Umbrella Insurance or Excess Liability?

Typical questions asked by the insurance agent when obtaining an umbrella policy may include:

• Listing all your properties worldwide and who insures them
• Liability limits for the insurance on all your properties
• A list of all vehicles, boats, and other recreational vehicles you own, as well as their insurance liability limits
• Whether you are a member of a board of directors or non-profit

The umbrella liability insurance application ensures a full picture of your assets and how they are insured to make sure you get the right type of coverage. In the event of a claim, having all the necessary information allows us to help you efficiently. An assessment of your needs is necessary to properly protect you.

Who Can Benefit from Umbrella Insurance?

People with established assets that they want to protect can lose significant amounts of money in a lawsuit.

“In a litigious society, everything is up for grabs, including your savings, investments, and, in the absence of assets, potentially your future.”

If I Have No Money or Assets, Why Buy Umbrella Liability?

Even if you are just starting out or have no established assets, don’t think that a court will not award benefits to the third party if you are held liable for damages. Without assets, you may be obligated to pay off the damages awarded with your future earnings. If you are a student or expect to eventually be promoted to a high-paying position, your future earnings can be targeted.

Additional liability above the homeowners limits, additional bodily injury above the auto and recreational vehicle limits, and the option to purchase additional uninsured/underinsured motorist coverage above the auto and recreational vehicle limits are available.

TYPICAL PRIMARY PERSONAL UMBRELLA LIMITS ARE: $1,000,000, $2,000,000, $3,000,000, $4,000,000, and $5,000,000
*May need underwriting approval for over $2,000,000

TIP: If your insured is a professional athlete, media personality, author/blogger, public official, entertainer, or senior executive officer, there may be restrictions on which carriers can bind coverage and additional underwriting approval may be required. Great news, YES, we do have a market to write their policy.