Whether your business is large or small, we have a variety of special programs to meet your goals. We can tailor a program to cover your specific situation.

PROPERTY INSURANCE

Insurance covers the risk of property loss in a variety of commercial situations, including commercial buildings, equipment, furniture, fixtures, inventories, business records, supplies and other physical items.

Property Insurance may cover two types of property losses:

• Direct losses may be covered when property is lost, stolen, damaged or destroyed.
• Indirect or consequential losses related to direct losses may also be covered.

COMMERCIAL GENERAL LIABILITY INSURANCE

Casualty Insurance consists primarily of liability coverages, which protect an insured party against injury or damage claims made by other parties. Policies provide coverage for liability arising out of:

• Premises and Operation
• Fire Damage Liability (damage by fire to premises rented to insured)
• Personal and Advertising Injury
• Medical Payments
• Products/Completed Operations

You may want to consider a Business Owners Package which combines your Liability, Property and other types of coverage into one comprehensive policy and which can help you save time and money on your total insurance program. And since we live in an age of million-dollar lawsuits, you may also want to add extra liability protection in the form of a Commercial Umbrella Policy. We can tell you more about these plans and if they make sense for you.

EXCESS LIABILITY INSURANCE

If an accident occurs and you go to court and are found at fault and the award of that claim filed against your company surpasses the liability confines of your existing BOP liability coverage an excess liability policy would then take effect. For example: The claimant is awarded 1.5 million dollars. The liability part of your BOP insurance policy only covers $1,000,000, an excess liability insurance policy will take effect and cover the $500,000 shortage.

At Grand World Insurance we can help you cover the liability gaps of almost any business insurance policy. We can provide an Excess Liability Insurance Policy to cover small business as well as large companies. The advantages of having excess liability protection: It can be customized to cover your specific needs from personal protection against injury and property damage, to additional funds to meet legal defense expenses. In particular situations, you can get the benefit of coverage as soon as a complaint is filed against you.

Excess liability insurance is versatile. It can be added to General Liability Coverage, Commercial Vehicle Insurance and Workers compensation insurance. (Talk to our agents for exact insurance options.) 

Businesses who operate in any state are mandated by law to have a minimum amount of insurance coverage. If you feel as though the state minimums is enough or it is not needed for your industry, that's fine...it's your company. We all live, work and play with in a society where suing a company seems to be the norm and sometimes financial judgments are ridiculously high. You've worked and struggled a long time to get where you are, and you have a lot to look out for. You deserve the right policy at the right value

BUSINESS AUTO INSURANCE

Business Auto coverage insures vehicles that are owned, leased, hired or borrowed by businesses, whether they are associations, corporations, partnerships or sole proprietorships. Business Auto coverage may be used to insure private passenger autos and all types of trucks, trailers, semitrailers and commercial vehicles designed for use on public roads. We can give you more details about specific coverages and deductibles and about tailoring a Business Auto plan that’s right for you and your business.

WORKERS' COMPENSATION

Workers' Compensation coverage applies to bodily injury and diseases arising out of and in the course of employment. Any bodily injury must be accidental, and the term includes death resulting from the accident. Only occupational diseases, which are unique to the occupation, are covered.

Workers' Compensation provides for the payment of four types of benefits:

• Medical benefits
• Income benefits
• Death benefits
• Rehabilitation benefits

A representative can provide you with complete details on Workers' Compensation Insurance and recommend cost-effective ways to control expenses through safety engineering and claim services.

Your home is probably your most valuable asset. For this reason, you should have a homeowner policy that gives you the protection you need at the best possible price.

BASIC PROTECTION YOU NEED FOR

• Your home
• Other buildings or structures on your property
• Your personal belongings - furniture, clothing, appliances, etc.
• Additional living expenses
• Your personal legal liability

SPECIAL REPLACEMENT GUARANTEE

• Home Replacement Guarantee
• Replacement Cost on Contents
• Additional Coverage Form

To properly protect yourself from the always present danger of huge awards for auto liability, it is imperative that you maintain the proper level of coverage for your particular situation.

If you have any doubts about the appropriate level of automobile coverage that's right for you, we have excellent plans available through reputable auto insurers, and we will be happy to help pinpoint the coverages best suited to your needs.

LIABILITY AUTO POLICY COVERAGE

• Bodily Injury to Others
• Personal Injury Protection
• Bodily Injury Caused by Uninsured Auto
• Damage to Someone Else's Property

OPTIONAL COVERAGE

• Optional Bodily Injury to Others
• Medical Payments
• Collision
• Comprehensive
• Substitute Transportation
• Towing and Labor
• Bodily Injury Caused by an Underinsured Auto

Life insurance is a crucial step in planning for your future and your family’s future. It can fulfill promises and obligations to your family if you are no longer living.

The death benefit is income-tax free and can be used to cover funeral expenses, repay debt, provide education, pay estate taxes or any other expenses your survivors may incur.

Life insurance may also be used to help ensure that a family business will pass to your intended survivor. There are also benefits to certain types of life insurance plans during your lifetime

Health care costs are high and getting higher. Who will pay your bills if you have a serious accident or a major illness? With health insurance, you protect yourself and your family in case you need medical care that has the potential to be very expensive.

There are several different types of individual health insurance. You can get fee-for-service, HMO or PPO plans, but you should know the differences and coverage limitations before making any purchase decision.

Policies differ widely in coverage and cost. Your agent will shop various policies to find the best one for you. He will make sure the policy protects you from large medical costs and does not contain any hidden exclusions or stipulations that you do not understand at the outset.

If your family includes just two adults, it is sometimes less expensive for each of you to have individual coverage than for just one of you to have a family plan. If you have children, or if you might have children soon, you need a family plan. Because situations change, it is important to review your health insurance regularly with your agent.

Cost is not the only consideration when buying health insurance. It is difficult to determine exactly what you will spend per year on health care. You do not know whether you will be sick 6 months from now and need an operation. You also need to consider the benefits of each policy - compare plans carefully for both cost and coverage with your agent.

If you are a renter and you think your landord’s insurance covers your belongings, think again. Your landlord’s policy covers the building, but not your computer, clothing, and electronics. That’s up to you. That’s why it’s so important to cover your possessions with renters insurance.

Need more convincing? Renters are 50% more likely to be the victim of a residential burglary. Insured losses in the U.S. during the first half of 2011 hit $17 billion from thunderstorms, tornadoes, and wildfires. Those are debilitating events that can be tough to deal with in the best of times. A renters insurance policy will help you recover.

A New York renters insurance policy can help protect your personal property from fire damage, theft, and vandalism while also providing liability protection for your visitors and guests. Given electronics, jewelry, clothing and more, research has shown the average renter owns $30,000 in personal property. (Actual values may vary throughout the U.S., and $30,000 is a rounded estimate of personal property value for a standard two-bedroom apartment.)

Umbrella insurance refers to a liability insurance policy that protects the assets and future income of the name insured in addition to his or her primary policies. It is distinguished from excess insurance in that excess coverage goes into effect only when all underlying policies are totally exhausted, while umbrella is able to "drop down" to fill coverage gaps in underlying policies. Therefore, an umbrella policy can become the primary policy "on the risk" in certain situations. The term "umbrella" refers to how the policy shields the insured's assets more broadly than primary coverage.

Typically, an umbrella policy is pure liability coverage over and above the coverage afforded by the regular policy, and is sold in increments of one million dollars. The term "umbrella" is used because it covers liability claims from all policies underneath it, such as auto  insurance an and home owners insurance policies. For example, if the insured carries an auto insurance policy with liability limits of $500,000 and a homeowners insurance policy with a limit of $300,000, then with a million dollar umbrella, the insured's limits become in effect, $1,500,000 on an auto liability claim and $1,300,000 on a homeowners liability claim.

Umbrella insurance provides broad insurance beyond traditional home and auto. It provides additional liability coverage above the limits of homeowner's, auto, and boat insurance policies. It can also provide coverage for claims that may be excluded by the primary policies. These may include, but are not limited to: False areest, libel, slander, and invation of privacy.

ERRORS & OMMISIONS INSURANCE

Errors and Omissions Insurance is a professional liability coverage for claims relating to either providing a professional service or failing to provide a professional service. No matter what profession you’re in, an error or omission – even a simple mistake – which causes financial harm to another, can put you at risk. This type of policy can help protect you or your company from bearing the full cost of defense and damages for lawsuits that may occur. This is a separate coverage from your standard general liability or property insurance.

How does Errors and Omissions Insurance protect you?

In general, Errors and Omissions Insurance helps pay for defense costs and damage awards that may be associated with professional liability claims. For example, some defense costs can run into the hundreds of thousands of dollars, even if you are eventually vindicated, so it’s an important coverage to have.

A professional liability claim must allege negligence in either the performance or the failure to perform professional services. These policies have a specific limit of liability and usually include both legal costs and damage awards in a single limit. Errors and Omissions Insurance does not cover intentional fraudulent or illegal activities or in most policies, punitive damages.

SURETY BONDS

A surety bond is a promise to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation.

With our Surety Bond Program, you can purchase: Codntract Surety Bonds, Auto Dealer Bonds, License & Permit Bonds, Bad Credit Surety Bonds, and more.

As a business owner, it is imperative that you protect your business’ financial well-being, especially when special projects are involved. Your surety bond premiums will vary depending on the types of transactions and projects your business takes on. The more your business does, the more likely it is that you will need surety bonds

OTHER SPECIALY INSURANCE

In addition to the insuraces describes, the are many more specaily insurances as follows:
     

• Restaurant Insurance
• HVAC Contractors Insurance              
• Landscapers Insurance
• Director and Officer Insurance
• Truck Drivers Insurance

For details, please feel free to contact our agents.