Protect your business from unexpected risks with our commercial insurance plans. From liability to property coverage, we offer tailored solutions that keep your operations running smoothly. Let’s secure your success together.
At Ocean Trust, we offer comprehensive commercial insurance solutions designed to protect your business, assets, and employees. From property damage to liability coverage, our plans ensure you’re safeguarded against unforeseen risks. With our expertise and personalized service, you can focus on growing your business while we handle the complexities of insurance. Choose us for tailored coverage, competitive rates, and unparalleled customer care.
Protects your business property from damage.
Safeguards stock and equipment against loss.
Covers lost income during operational downtimes.
Protects against legal claims and damages.
Covers repair or replacement of essential equipment.
Protects against employee-related claims and liabilities.
Bodily Injury Liability: Covers injuries that occur on your business premises or due to your business operations.
Property Damage Liability: Pays for damage caused to someone else’s property during business activities.
Personal and Advertising Injury: Covers harm caused by false advertising, slander, libel, or copyright infringement.
Medical Payments: Pays for medical treatment if someone is injured on your business property, regardless of fault.
Why It’s Important: Almost all businesses need general liability insurance to protect against everyday risks associated with customer interactions, property damage, and lawsuits.
Buildings and Structures: Covers damage to your business property, such as the physical building and any improvements.
Contents/Inventory: Covers business assets like equipment, tools, inventory, and supplies against damage or theft.
Business Interruption: Covers lost income if your business is temporarily unable to operate due to a covered event (e.g., fire, storm).
Natural Disasters: Includes protection for damage caused by natural events like fires, floods, or storms (though floods may require separate coverage).
Why It’s Important: Protects the physical assets of the business, including buildings, equipment, and inventory, against a wide range of risks.
Medical Expenses: Covers medical costs for employees injured while performing job-related tasks.
Lost Wages: Provides income replacement if an employee is unable to work due to an injury or illness sustained at work.
Disability Benefits: Provides compensation if the employee’s injury results in permanent disability.
Employer Liability: Provides legal protection if the business is sued for a workplace injury.
Why It’s Important: Most states require businesses with employees to carry workers’ compensation insurance, as it ensures employees are compensated for injuries while protecting the employer from lawsuits.
Liability Coverage: Pays for damage or injuries caused by a business vehicle in an accident.
Collision Coverage: Covers damage to your vehicle in the event of a collision.
Comprehensive Coverage: Protects against non-collision incidents like theft, vandalism, or weather damage.
Uninsured/Underinsured Motorist Coverage: Protects your business if you’re in an accident caused by an uninsured or underinsured driver.
Why It’s Important: If your business uses vehicles for deliveries, transporting goods, or transporting employees, this coverage is essential.
Negligence Claims: Covers claims against your business for errors, omissions, or negligence in the services you provide.
Legal Defense Costs: Covers the cost of defending your business against claims related to professional mistakes.
Mistakes in Advice or Services: Protects businesses in industries like consulting, IT, or legal services where the quality of professional advice could lead to client losses or damages.
Why It’s Important: Essential for businesses that provide advice, services, or professional expertise, like accountants, lawyers, or consultants, to protect against claims of negligence or errors.
Data Breaches: Covers the costs of recovering data and notifying affected customers if your business experiences a cyber attack.
Data Loss or Theft: Protects against the loss or theft of sensitive client information, including credit card details or personally identifiable information (PII).
Business Interruption: Covers lost income and operational costs associated with a data breach or cyber attack.
Legal Fees and Settlements: Covers legal fees and costs related to the violation of data protection laws.
Why It’s Important: With increasing cyber threats, businesses that store customer data or have an online presence need cyber liability insurance to protect against the financial fallout of cyber breaches.
Additional Liability Coverage: Provides extra coverage above and beyond the limits of other liability policies (e.g., general liability, commercial auto).
Large Legal Settlements: Covers the cost of large legal settlements or damages that exceed the limits of your primary insurance policies.
Broader Coverage: May provide additional coverage for risks not covered by standard policies.
Why It’s Important: Umbrella insurance is a safety net that helps protect your business from major claims that could exceed the limits of your primary liability coverage.
Lost Income: Provides compensation for lost income if your business must cease operations due to a covered event (e.g., fire, natural disaster).
Fixed Costs: Covers ongoing business expenses such as rent, utilities, and employee salaries during the period of interruption.
Temporary Relocation: Helps pay for the costs of relocating the business temporarily while repairs are made.
Why It’s Important: Essential for businesses that rely on physical premises or equipment, as it helps mitigate financial losses during downtime caused by unexpected events.
Injuries or Damage Caused by Products: Protects against claims that your product caused injury, illness, or property damage.
Legal Defense Costs: Covers legal fees and settlements related to product-related claims.
Defective Products: Covers claims related to defects in design, manufacturing, or labeling of products.
Why It’s Important: Necessary for businesses that manufacture, distribute, or sell products, as it protects against liability for harm caused by products sold or distributed.
Legal Defense Costs: Covers legal fees for directors and officers of the company in case they face lawsuits for alleged wrongful acts.
Settlements and Damages: Covers settlements or court-ordered damages in cases involving breaches of fiduciary duty, mismanagement, or other alleged wrongful acts.
Employment Practices: Protects against claims related to employment practices, such as discrimination or wrongful termination, involving directors and officers.
Why It’s Important: Protects the personal assets of business leaders (e.g., CEOs, CFOs) in case they are sued for their management decisions.
Discrimination Claims: Covers claims related to employee discrimination based on race, gender, age, or other factors.
Harassment and Retaliation Claims: Covers legal defense and settlements for claims of harassment, retaliation, or wrongful termination.
Wrongful Employment Practices: Protects against claims from employees regarding unfair treatment or wrongful acts by employers.
Why It’s Important: Essential for businesses with employees, providing protection against employment-related lawsuits and claims.
Employee Theft: Protects against financial losses caused by employees who steal from the business.
Forgery or Fraud: Covers losses from fraudulent acts, including the forgery of company checks or documents.
Robbery or Burglary: Covers loss of cash or property due to theft or break-ins.
Why It’s Important: Important for businesses with employees who handle money or valuable assets, as it protects against internal and external theft.
Each business will have unique insurance needs based on its industry, size, and risk profile. It’s essential to consult with an insurance broker or agent to tailor the right coverage for your business.
809 N Homestead Blvd, Homestead
+1 866-356-2326
info@oceantrustinsurance.com
Start your journey to peace of mind with a personalized insurance quote. Share your details, and our dedicated team will provide you with a no-obligation, free estimate tailored to your needs. Let us help you protect what matters most.
