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Commercial Client

 COMMERCIAL START UP

Innovative Insurance Solutions has worked with several insurance carriers to help clients who are following their dreams by starting up a business.  These insurance carriers understand that although the business is new, the clients are experienced in their field.  We want to help these clients to succeed by making sure their business risk is properly insured at an affordable premium.  We offer general and professional liability, E&O, equipment, property and building coverage, workers comp, individual and group medical, auto and commercial vehicle coverage, builders risk and home warranties.  These are some examples of the insurance that we can handle for start-up businesses.

BUSINESS OWNER'S POLICY

 A standard business owner’s policy provides coverage for property, liability, business interruption and a package of additional items all bundled in.  Because it’s a package the price is much more competitive than purchasing coverage separately.  Property coverage generally includes owned or leased buildings; the contents of buildings, such as furniture, supplies, fixtures, machinery, equipment, inventory and building improvements; glass and signs; and some property off of the premises.  Liability insurance covers your business if it is sued for something the business did or failed to do that caused injury or property damage to someone else. Liability insurance covers damages and settlements stemming from a lawsuit, up to the policy limits. Many liability policies also cover attorneys' fees and other costs associated with defending against a lawsuit.  Business interruption coverage can pay for your business' fixed costs, such as rent, payroll and taxes, if your enterprise suffers a property loss that causes it to close or slow down for a period of time while repairs are made.

 Eligible Classes include:

 Contractors --  Hotels & Motels --  Industrial/Processing --  Institutional   Mercantile Offices --  Restaurants --  Services --  Other

 

Commercial General Liability

In today's litigious society, even the smallest mishaps can result in large lawsuits. That's why general liability insurance is essential for most companies. General liability insurance policies cover valid claims for bodily injury, property damage, personal injury, advertising injury (damage from slander or false advertising), medical payments, products and completed operations, and defense costs. It usually covers compensatory and general damages.  For contractors and artisans this coverage is critical for their business operations and is one of their major expenses.  That’s why we work hard in getting you the best price not only when your policy is issued, but we also check for you at renewal time as well to make sure your paying the best possible price.  We have specialty programs for handyman, re-modelers, landscapers, plumbers, foundation, painting, and general contractors, whether you do the work or sub it out.

Professional Liability – Errors & Omissions Insurance

This is coverage for people who claim a specialty in various professions and hold themselves to the public as a professional.  This insurance is designed to protect you and your company in the event a client claims to have suffered a financial loss due to your error or omission in your professional services to that client.  This liability coverage is separate from general liability, which covers mainly bodily & personal injury or property damage. We have access to almost all the insurance carriers that write this type of liability coverage.  This access allows us to write coverage for a very broad avenue of professionals that other agents are unable to write and offer very competitive pricing.  

Fidelity and Surety Bonds

A surety bond is a contract among at least three parties: 

The principal - the primary party who will be performing a contractual obligation which is you then;  The obligee - the party who is the recipient of the obligation, which is the party you are doing the work for and The surety/ bonding company - who ensures that the principal's obligations will be performed and if not guarantee payment to the obligee.  Through this agreement, the surety agrees to uphold—for the benefit of the obligee—the contractual promises (obligations) made by the principal if the principal fails to uphold its promises to the obligee. The contract is formed so as to induce the obligee to contract with the principal, i.e., to demonstrate the credibility of the principal and guarantee performance and completion per the terms of the agreement. Contract bonds guarantee a specific contract. Examples include performance, bid, supply, maintenance and subdivision bonds. Commercial bonds guarantee per the terms of the bond form. Examples include state, city and county license & permit, union bonds, etc.  We can help our clients with various required county and city bonds, permit and contractual bonds as well as any other required type bond.


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Locations


9842 Lorene Lane
San Antonio TX 78216
Phone: 210-541-8399


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