Business insurance
Business insurance is a set of policies that a company buys to transfer financial risk from unexpected events—like lawsuits, property damage, cyberattacks, employee injuries, or shutdowns—to an insurer. You pay a premium, and the insurer covers covered losses up to policy limits (after any deductible), under stated terms and exclusions.
Business insurance is essential for protecting your company from unforeseen risks and financial setbacks. It provides coverage against a wide range of potential issues, including property damage, liability claims, and employee-related risks. Depending on the type of business, insurance can cover areas like workers’ compensation, product liability, property damage, and business interruption. It helps ensure that your business can recover and continue operating after unexpected events, such as accidents or natural disasters. Having the right business insurance in place not only minimizes financial risk but also enhances your credibility with clients and partners, ensuring that your business remains resilient and compliant with regulations.
FastTrackInsure provides a comprehensive suite of business insurance options, including general liability, workers’ compensation, commercial auto, and cyber liability insurance. They cater to various industries such as trucking, contractors, and retail, offering tailored coverage to meet specific business needs.
FastTrackInsure offers a range of business insurance solutions tailored to meet the needs of various industries. Here’s an overview of their offerings:
Business Insurance Coverage
FastTrackInsure provides several key types of business insurance:
General Liability Insurance: Protects your business from claims of bodily injury, property damage, and advertising injury.
Business Auto Insurance: Covers vehicles used for business purposes, including accidents and liability.
Workers’ Compensation Insurance: Offers wage replacement and medical benefits to employees injured in the course of employment.
Commercial Umbrella Insurance: Provides additional liability coverage beyond the limits of other policies.
Cyber Liability Insurance: Protects against data breaches and cyberattacks.
Employment Practices Liability Insurance (EPLI): Covers claims related to employment practices, such as wrongful termination or discrimination.
Directors and Officers (D&O) Liability Insurance: Protects company leaders from personal losses due to legal actions.
Commercial Property Insurance: Covers damage to business property due to events like fire or theft.
Crime Insurance: Protects against losses from criminal acts like theft or fraud.
Builders Risk Insurance: Covers buildings under construction.
Event Insurance: Protects against liabilities associated with hosting events.
Fiduciary Liability Insurance: Covers breaches of fiduciary duty in employee benefit plans.
Surety Bonds: Guarantee that a business will fulfill its obligations.
Our benefits
Do I need business insurance?
Yes, especially if you have employees, own property, or interact with clients. Certain types of insurance, such as workers' compensation and unemployment insurance, are legally required in many jurisdictions.
What types of business insurance are available?
Common types include:
General Liability Insurance: Covers third-party bodily injury, property damage, and advertising injury.
Commercial Property Insurance: Protects your business property from risks like fire, theft, or vandalism.
Workers' Compensation Insurance: Provides benefits to employees for work-related injuries or illnesses.
Professional Liability Insurance (Errors & Omissions): Covers claims of negligence or mistakes in professional services.
Business Owner's Policy (BOP): Bundles general liability and property insurance into one package, often at a lower cost.
How do I choose the right insurance policy?
Assess your business's specific risks and consult with an insurance agent to determine the appropriate coverage. Consider bundling policies for cost savings and ensure the policy limits align with your potential exposure.