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Business & Commercial Insurance

Business & Commercial Insurance Customer Service Options

Self policy service any time of the day, directly from our website. To request a policy change on your account, click any of the following policy service options below.

Business & Commercial Insurance Information

At Faller Insurance Agency, we believe the more business owners understand their coverage, the better their insurance decisions will be.  Not sure how your coverage works?  Click below to learn more about:

Commercial General Liability

Employment Practices Coverage

Data Breach Protection

Property Insurance

Commercial Auto

Workers Compensation

Working with multiple agencies?

Some businesses may pick and choose policies from different agencies in an effort to find the lowest rates for the various types of business insurance coverage they need. But there’s more to the equation than just cost.

When you buy all of your business insurance from a single agency or brokerage, your agent can ensure that you have no coverage gaps, and give you peace of mind that you’re not paying extra for redundant coverage. Plus, when it’s time to update or renew your small business insurance coverage, you need only make one simple contact to ensure that your coverage continues to meet all of your needs as your business grows.

Business Insurance Newsletters

January 2013


Commercial General Liability

Unfortunately for every business owner, the chances of getting sued have dramatically increased in the last decade. General Liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your business is ever sued or held legally responsible for some injury or damage.

General Liability pays losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations. Some companies, such as The Hartford's liability programs extend far beyond the provisions of typical policies, with broadened coverage and increased limits in over 30 areas.

Broad Range of General Liability Protection   
  • Bodily Injury, including the cost of care, the loss of services, and the restitution for any death that results from injury
  • Property Damage coverage for the physical damage to property of others or the
    loss of use of that property 
  • Products-Completed Operations provides liability protection, including legal expenses, if an injury ever resulted from
    something your company made or service your company provided
  • Products Liability is a more specialized product liability insurance that protects your company against lawsuits from product-related injury or accidents        
  • Contractual Liability extends to any liability you may assume by entering into a variety of contracts        

Other coverage includes: Medical Payments; Personal Injury (liable & slander) ; Advertising Injury; and specialized liability protection for specific business types.

Click here to get a quote.



Employers Practices Liability Coverage (EPLI)

If you have employees - even only one employee, this is coverage you should have.  It protects a business if sued by an employee(s) for claims such as wrongful termination, discrimination, sexual harassment, and more.  The policy covers legal costs, whether your company wins or loses the suit.  While you or your management team may have done everything right, the legal expenses you may incur to pay for your defense can cost you thousands of dollars.

The cost of EPLI coverage depends on your type of business, the number of employees you have and various risk factors such  as whether your company has been sued over employment practices in the past.

To prevent employee lawsuits, educate your staff so that you minimize problems in the first place:

  • Create effective hiring and screening programs to avoid discrimination in hiring.  
  • Post company policies throughout the workplace and place them  in employee handbooks so policies are clear to everyone.
  • Show employees what steps to take if they  are the object of sexual harassment  or discrimination by a supervisor.
  • Make sure supervisors know where the company stands on what behaviors are not permissible
  • Document everything that occurs and the steps your company is taking to prevent and solve employee disputes.


Data Breach Protection

According to a 2011 report of more than 760 data breaches analyzed in 2010, nearly two-thirds involved businesses with fewer than 100 employees1. Data Breach Protection provides coverage for expenses and legal liability resulting from a data breach. It also provides access to services to help business owners comply with regulatory requirements and address customer concerns. While virtually any business is at risk of a data breach regardless of industry, businesses that store sensitive client or patient data, such as those in healthcare, financial or professional services are particularly vulnerable. Restaurants and retailers also face increased risk, given the volume of credit card information they process.

For example, The Hartford’s data breach coverage includes:

  • First party coverage for response expenses, including legal and forensic services, notification expenses, crisis management and good faith advertising expenses;
  • Third party coverage for defense and liability, including defense costs, civil awards, settlements or judgments that an insured is legally obligated to pay;
  • Access to a secure breach preparedness website that offers tips and guidelines for safeguarding customer, patient and employee information; preparing a data breach incident response plan; and regulatory requirements by state;
  • Consultative services, including help with breach notifications and credit monitoring for victims of identity theft or fraud, if warranted.

 It can also provide the breach preparedness resources and consultative services through an alliance with Identity Theft 911, which is a leading provider of identity and data risk management and resolution services. 




Hired and Non-Owned Auto Coverage

If you don't have a business auto policy, you should have this important protection added to your General Liability coverage.   Non-Owned & Hired auto liability covers bodily injury and property damage caused by a vehicle you hire (including rented or borrowed vehicles) or caused by non-owned vehicles (vehicles not owned by the business, including vehicles you personally own or owned by your employees).  It also covers your legal defense, whether or not your business is found legally liable.

Whether you realize it or not, as a business owner, you at least occasionally find yourself in situations where this coverage is needed. Errands and rental situations always come up. Examples:

  • You send an employee to pick up lunch.
  • While on a business trip, you rent a car.
  • To impress a visiting client, you send a limo to have him picked up.
  • An employee runs to pick up office supplies.

Coverage kicks in if there is an auto accident and your business is sued. 




Property Insurance

Many small business owners qualify for a Business Owners Policy or BOP.  This policy bundles your liability and property coverage in one convenient package.  A BOP policy provides many coverages and is even customizable for many types of businesses such as retail, restaurants, manufacturing, and contractors to provide specific coverages needed for their particular type of operation.  Below are kinds of property coverages usually included in a BOP.

Building and Business Personal Property

Coverage to help pay for the cost to repair or replace your property, including inventory, office furniture or fixtures damaged by fire or other covered losses.

Computers and Media
  • Physical loss or damage to your computer hardware
  • Loss of data or computer software
  • Damage caused by computer virus
  • Automatically covers portable computer equipment anywhere in the world while when you or your employees are traveling on business, except when checked as baggage

Business Interuption

Like property insurance, business income insurance provides coverage in the event of many named perils beyond your control such as fire, wind, hail, vandalism, or damage from vehicles or aircraft that may interrupt your business.

Business interruption insurance can keep the money coming in, which helps you:

  • Replace lost net income
  • Pay for continuing expenses, such as mortgage, advertising, taxes and payroll
  • Pay for relocation expenses and advertising fees if you set up shop at a temporary site

Click here to get a quote.





Commmercial Auto

As a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel -- liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the "principal insured" rather than your name. This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you.

Whether you need to buy a business auto insurance policy will depend on the kind of driving you do. A good insurance agent will ask you many details about how you use vehicles in your business, who will be driving them and whether employees, if you have them, are likely to be driving their own cars for your business.

While the major coverages are the same, a business auto policy differs from a personal auto policy in many technical respects. Ask your insurance agent to explain all the differences and options.

Click here to get a quote.


Workers Compensation

Workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.

Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. Workers Compensation Insurance is not health insurance. Workers Compensation is designed specifically for injuries sustained on the job.

In Illinois, if you have employees, you are required to carry Workers Compensation coverage. Failure to do may result in the shut down of your operation.

Employers have a legal responsibility to their employees to make the workplace safe. Even if you have part-time employees, or if you pay your employee on a form 1099 and have an "employer - employee" relationship, you are responsible for providing workers compensation protection.

Workers compensation insurance must be bought as a separate policy. Although in-home business and business owners policies (BOPs) are sold as package policies, they don't include coverage for workers' injuries.

Workers compensation insurance is based on payroll. Some companies offer simple "pay as you go" policy instead of an annually audited policy.  This is not only cost saving option, but avoids the annual audit hassles.

Click here to get a quote.





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