Business Insurance

Protect your business with our business insurance options from workers' compensation to commercial property insurance.

Commercial Property Insurance 

Fortune commercial property insurance provides a wide range of coverage for buildings, inventory, equipment, tools, and more.

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COMMERCIAL PROPERTY INSURANCE

Fortune commercial property insurance provides a wide range of coverage for buildings, inventory, equipment, tools, and more. Losses from fire, break-in, vandalism, windstorm, and several other natural or manmade disasters are covered with our commercial property insurance policies. The Fortune team can help you determine the type of insurance policy and range of coverage that is best for your business.

WHAT YOU NEED TO KNOW ABOUT COMMERCIAL PROPERTY INSURANCE

BUILDING

Do you own a commercial building? If so, do you have enough commercial property insurance to cover replacement costs? Although cost estimators are available, we recommend that you secure an appraisal from a third party to accurately determine the current replacement cost of your building. Fortune can help you determine if you have enough commercial property insurance for your business.

FLOOD

Our commercial property policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect you from resulting damage. Check your current property insurance policy to be sure you are covered. If you’re unsure, just ask Fortune to review your coverage. We will help you find the best solution.

BUSINESS PERSONAL PROPERTY

Whether you own your building or have a landlord, business personal property insurance covers property at a specified location for furniture, fixtures, equipment, and inventory. If you have equipment that is frequently taken off-site to various locations, it is important that you also have an inland marine policy. This type of policy is an evolution of ocean marine insurance – which explains the name. Inland insurance can cover everything from large construction equipment used at job sites to musical instruments used by performers, and is important if you want to protect yourself from loss during the time your property is in transit from you or to you.

BUSINESS INCOME (BUSINESS INTERRUPTION COVERAGE)

This coverage reimburses a business owner for lost profits and fixed expenses during the time that a business is closed during a covered claim. It applies while the premises are being restored because of damage from an event, such as a fire. Business income insurance will also cover financial losses that occur if civil authorities limit customer access to your neighborhood or business after a disaster. Fortune strongly recommends that all businesses consider this coverage.

General Liability Insurance 

Fortune recommends that all businesses have general liability insurance coverage in place, to help manage risks to your business.

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GENERAL LIABILITY INSURANCE

WHAT YOU NEED TO KNOW ABOUT COMMERCIAL LIABILITY INSURANCE

Fortune recommends that all businesses have general liability insurance coverage in place, to help manage risks to your business. We encourage you to take a look at the list below to learn more about our additional general liability policies.

PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS)

Errors & Omissions (E&O) covers professionals for negligence and errors or omissions that injure their clients or cause damage to a third party’s data. Fortune recommends that all professional and technology companies have E&O coverage.

EMPLOYMENT PRACTICES LIABILITY INSURANCE (EPLI)

Employment Practices Liability Insurance for employers covers employment-related liabilities other than on-the-job injuries. This can include legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees' legal rights. If you have employees, Fortune recommends considering EPLI coverage.

DIRECTORS AND OFFICERS INSURANCE (D&O)

D&O covers directors and officers of a company for negligent acts or omissions, and for misleading statements that result in lawsuits against the company. Fortune has a variety of Directors and Officers insurance policy options available, such as corporate reimbursement coverage, personal liability, and entity coverage. D&O policies may be broadened to include coverage for employment practices liability as well.

To find out more about these, as well as other products and services, contact Fortune at 636-464-1331, and we’ll ensure that your business is properly covered.

Commercial Umbrella Insurance

When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between your business surviving, or not.

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COMMERCIAL UMBRELLA INSURANCE

If umbrella policies are good for individuals, then they are imperative for businesses. When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between your business surviving, or not.

Catastrophic liability losses can happen to any business at any time, and a commercial umbrella policy protects you when those losses exceed your basic liability coverage. The time and effort you have taken to build your business is too important for it to disappear after one unforeseen event. Contact Fortune at 636-464-1331 today about a commercial umbrella insurance policy.

WHAT YOU NEED TO KNOW ABOUT COMMERCIAL UMBRELLA INSURANCE

Commercial umbrella insurance helps you protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards, Fortune recommends that your business insurance program include umbrella coverage.

WHAT IS EXCESS LIABILITY COVERAGE AND WHO NEEDS IT?

Excess liability coverage provides extra liability limits over an umbrella policy. This coverage typically follows the terms of the first underlying insurance policy. Higher limits may be necessary for businesses with high loss potential, high profile, sizable sales, numerous assets, large auto fleets, worldwide presence, or significant public exposure.

Commercial Auto Insurance

Fortune’s commercial auto insurance can cover a combination of vehicle types and drivers, as well as some types of motorized equipment.

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COMMERCIAL AUTO INSURANCE

Fortune’s commercial auto insurance can cover a combination of vehicle types and drivers, as well as some types of motorized equipment. It provides liability for bodily injury and property damage while operating a company automobile, medical payments, or Personal Injury Protection (PIP) for the driver and passengers of the policyholder's car. Injuries or damage to someone else are also covered.

HIRED/NON-OWNED AUTO LIABILITY

Are you renting cars or are your employees using their own vehicles? Our commercial auto coverage provides business insurance coverage for certain liabilities arising from the use of a rented or leased vehicle (hired), or a non-owned vehicle (employee using their own vehicle on company business). Often times this coverage can be added inexpensively to a business auto policy or, in some cases, a general liability policy.

USE OF PERSONAL VEHICLES

Insurance policies for privately owned vehicles may not cover damage to your privately-owned car or truck when it is used for business, even home cosmetics, jewelry sales, or a pizza delivery business.

Workers' Compensation

Fortune will help your business find complete solutions to your unique workers’ compensation insurance needs.

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WORKERS' COMPENSATION

Workers’ compensation covers medical care and physical rehabilitation of employees injured at work, and helps to replace lost wages while they are unable to work. Additionally, this coverage protects an employer from being sued by an injured worker in most cases.

Fortune will help your business find complete solutions to your unique workers’ compensation insurance needs. We’ll work with you to create safer and more productive workplaces, more confident and secure workers, and overall savings that you'll see on the bottom line.

Surety Bonds

Whether you are a contractor looking for a bid bond, or a business owner in need of a simple license and permit bond, Fortune is here to help.

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SURETY BONDS

Whether you are a contractor looking for a bid bond, or a business owner in need of a simple license and permit bond, Fortune is here to help. We know that you can’t conduct business or win the job without the backing of a solid surety bond. That’s why we only work with the most reputable and trustworthy surety providers. These partnerships allow us to offer our customers outstanding products supported by value-added services.

Here are some of the types of bonds we can provide:

  • Contract bonds
  • Bid bonds
  • Performance and payment bonds
  • Supply bonds
  • Commercial bonds
  • License and permit bonds – contractor license; highway and street permit; agent/adjuster/broker license; fuel dealer; professional license; automobile dealer; and alcoholic beverage compliance bonds
  • Probate bonds – administrator; executor; guardian; and trustee bonds
  • Receiver or trustee bond in bankruptcy
  • Public official – notary public; sheriff; deputy sheriff; constable; jailer; county/city/school treasurer bonds; court clerk; loan closing attorney; and FHA schedule bonds
  • Court bonds – plaintiff replevin; plaintiff attachment; and cost bonds
  • Miscellaneous bonds
  • Fidelity bonds
  • ERISA (pension plans)
  • Business services bonds (e.g. janitorial, home health care or security)
  • Financial institution bonds, directors and operators (D&O) coverage
  • Commercial banks and savings institutions, etc.

To find out more about our surety products and services, contact us today.