Insurance Products

 

A business insurance policy from American Hardware provides several coverage options that protect your business from many different types of loss.

Our knowledgeable sales representatives are experts at analyzing your business and making sure that your operation's unique exposures are addressed through the right combination of coverages.

We encourage you to learn more about the types coverage we offer and how they protect your business by reviewing the helpful information below.

 

 

Business owners insurance from American Hardware Mutual offers complete coverage for small businesses.  A business owners policy, also known as a BOP, combines several types of insurance coverage together so you can buy a package of protection at a cost effective price, along with the convenience of customizable coverage options to meet the unique needs your business demands. 

The business owners policy protects your business in three primary ways: 

Property Coverage
Property coverage provides insurance coverage for your business’s physical structure and its contents, including inventory, office equipment, furniture and computers. 

Business Interruption
Business interruption insurance covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of your business, including the expense of operating out of a temporary location.     

Liability Protection
Liability protection covers your business against claims and related expenses resulting from allegations of negligence. 

 

Commercial package policy insurance from American Hardware Mutual offers a wide range of essential liability and property coverage for a business.  A Commercial Package Policy, also known as CPP, combines several types of insurance coverage together so you can buy a package of protection at a cost effective price, along with the convenience of customizable coverage options to meet the unique needs your business demands. 

The Commercial Package Policy protects your business and typically includes two or more of the following coverage

Commercial Property
Commercial property coverage protects your buildings, business personal property, and personal property of others. 

Commercial General Liability
Commercial general liability coverage protects you against liability claims for bodily injury and property damage arising out of premises, operations, products, completed operations, advertising and personal injury liability.   

Commercial Automobile
Commercial automobile coverage protects the businesses ownership and use of cars, trucks and trailers from exposure related to first and third party losses. 

Systems Breakdown
Insurance for this exposure covers loss caused by mechanical and electrical equipment breakdown. 

Additional Coverage May Include
Inland Marine, Pollution Liability, Crime, Business Income and others. 

 

A commercial auto accident can affect your business.  It's more than just an inconvenience; it can have serious consequences for your business. That’s why having the proper coverage to protect your vehicles can also protect your business. 

Commercial Auto Policies may include several different coverages.

Bodily Injury Liability
Provides coverage to injuries caused to someone else; insuring against legal liability arising from the ownership, operation or use of covered autos. 

Physical Damage
Provides comprehensive and collision coverage for damage to owned autos and is available with a wide range of deductible options. 

Uninsured and Underinsured Liability
Provides protection for accidents involving your insured vehicle and an uninsured or underinsured motorist.

Medical Payments
Provides for medical expenses when someone gets hurt in one of your insured vehicles, regardless of the fault.  In some states this is provided under the Personal Injury Protection (PIP). 

Non-Owned Auto Liability
Covers your business use of non-owned autos. 

Hired Auto Liability
Provides protection for autos you hire or rent.

Rental Reimbursement Protection
Covers the cost of a rental auto when an accident disables an owned vehicle. 

 

If you're a business owner with employees, there's a good chance that at some point you will have a situation in which an employee, a former employee or maybe even a job applicant believes he or she has been treated unfairly. 

Our Employment Practices Liability Insurance (EPLI) provides protection against the types of employment-related claims and lawsuits that can threaten the livelihood of your business. 

American Hardware Mutual’s EPLI coverage includes:

• Discrimination
• Sexual harassment
• Wrongful termination
• Breach of employment contract
• Negligent evaluation
• Failure to employ or promote
• Wrongful discipline
• Deprivation of career opportunity
• Wrongful infliction of emotional distress
• Mismanagement of employee benefit plan
• Violation of the Family and Medical Leave Act
• Violation of Equal Pay Act

These days it isn’t enough to be honest and have good intentions—not when your business survival is on the line.  To survive you need to have double coverage. First you must develop and implement policies and procedures for preventing and dealing with these claims and then take prompt, corrective action whenever a possible violation has occurred, and secondly look into insurance coverage designed to deal with these types of lawsuits—real or frivolous.

 

Provides property coverage for electronic data equipment and media, accounts receivable and property in transit.  

 

 

Nothing is more important than getting employees healthy and back to work after a job-related accident or illness. 

The goal of workers' compensation coverage is to protect the employer as well as the employee. Workers' compensation insurance is business insurance that provides medical and disability coverage for employees who sustain job-related injuries. Workers' compensation insurance will cover an employee's medical expense and reimburse them for some percentage of lost wages. 

 

Litigation exposure is the new reality for corporate board members today, and this includes directors and officers of privately held companies as well. Office closings, layoffs, and mergers and acquisitions are becoming common events that provide fertile ground for lawsuits brought by employees, creditors, competitors and even the government. 

 

 

Errors and Omissions Liability coverage protects you from claims by customers holding you responsible for errors, or the failure of your work to perform as promised.  

Coverage includes legal defense costs, no matter how baseless the allegations. Errors and Omissions Insurance will pay for any resulting judgments against you, including court costs, up to the coverage limits on your policy.  Coverage extends to both employees and subcontractors.

 

 

Coverage for losses above the limit of underlying policies, such as general liability, commercial auto, and the employers liability portion of your workers compensation policy is all provided in an umbrella insurance policy.  While it applies to losses over the dollar amount in the underlying policies, terms of coverage are sometimes broader than those of underlying policies and therefore provide protection for events not covered in the underlying policies. 

 

The potential for commercial earthquake and flood damage is a very real one to almost every property owner.  Many fire and commercial insurance policies do not protect you with regard to earthquake and flood damage.

 

Crime
Protects against loss from theft, burglary or employee dishonesty.

Liquor Liability
Covers injuries resulting from serving or selling alcoholic beverages. 

Business Income
Provides coverage from unforeseen interruptions in your business and the resulting loss of business income. 

Pollution Liability
Pollution Liability Insurance policies cover property loss and liability arising from pollution-related damages.