Commercial Insurance Coverage

Commercial General Liability Insurance
Coverage for exposure to lawsuits that are brought against the insured that allege bodily injury, personal injury or property damage arising from a premises, operation, product, or completed operation.  In addition to the liability limit, this policy would typically include coverage for the cost of attorney fees to the defending a claim.

Commercial Property Insurance
This coverage for real-state and personal property.  This would typically include exposures such as building structures, leasehold improvements, inventory, equipment, raw materials, finished goods, and computer equipment among other things.

Workers’ Compensation Insurance
Coverage for an employer’s legal (statutory) obligation to pay for an employee for work-related injuries. Workers’ compensation insurance is a state-mandated insurance that provides income, medical benefits and rehabilitative services for workers injured on the job or while performing work-related duties Policies can also include coverage for employer’s liability.

Directors & Officers Insurance
Coverage for the personal liability of Directors and Officers, Liability Insurance provides financial protection for the directors and officers of your company in the event they are sued in conjunction with the performance of their duties as they relate to the company. Think of Directors and Officers Insurance as a management Errors and Omissions policy.

Fiduciary Liability Insurance
Coverage for the personal liability of individuals who exercise discretion over employee benefit plans subject to the federal ERISA law.

Business Interruption Insurance 
Coverage for lost profits, continuing expenses, and extra expenses that would have been affected by an interruption in your business due to a covered event.

Crime Insurance
Coverage for employee theft of company property or money.  This policy can also include coverage for hold-ups, burglary and robbery, computer fund transfers, computer fraud, employee dishonesty and depositors forgery perpetrated by someone other than the employee.

Bonds
Coverage which provides a financial resource to ensure the performance or fidelity of someone else.

Professional Liability Insurance
Coverage for lawsuits that are brought against the insured that allege a professional error or omission in the course of providing a professional service.  Unlike general liability, professional liability does not always result in bodily injury or property damage.

Commercial Automobile Insurance
Coverage for bodily injury or property damage liability arising out of the use of a vehicle.  Policies can include coverage for physical damage to certain insured vehicles subject to a comprehensive and collision deductible. Consideration should also be given to uninsured or underinsured motorist coverage, rental reimbursement coverage, rental car coverage, among other things.

Commercial Umbrella
This is a commercial policy that provides additional coverage to an existing policy. This excess policy is typically broader in its coverage terms.

Employment Practices Liability Insurance
Coverage for lawsuits brought against the business or its manager alleging  wrongful employment practices such as harassment, retaliation, discrimination, or wrongful discharge, among other things.

Group Health Insurance
Coverage for an employer’s Team for the medical expenses associated with illness or injury

Group Voluntary Benefits
Voluntary insurance can play an important role in the benefit package you offer – at little or no direct cost to your company. Filling gaps in coverage, voluntary solutions help you offer a more comprehensive benefit package. Employees pay all or some of the premiums, helping you manage benefit costs.

CyberRisk Insurance
Just one stolen laptop, one resourceful hacker, one virus or even one lost paper record can create enormous financial and reputational consequences for your business. As dependency on data continues to rise, reliance on technology increases for organizations of all sizes and industries. Increased vulnerability to network intrusions, data loss and system failures can result in business interruption, damage to reputation and loss of revenue…risks far beyond “cyber

Commercial Equipment Breakdown Insurance
Coverage for loss due to mechanical or electrical breakdown of nearly any type of equipment, including photocopiers and computers. Coverage applies to the cost to repair or replace the equipment and any other property damaged by the equipment breakdown. Resulting business income and extra expense loss is often covered as well.

Commercial Aviation Coverage
Whether aviation is your company’s primary line of business or just one aspect of its operations, a well-designed insurance and risk management program is vital.  Aviation exposures, more so than many others, present catastrophic loss potential because of significant aircraft hull values and a legal environment that often grants plaintiffs sizeable awards.  These financial risks, combined with the unpredictability of aircraft accidents, make it virtually impossible for aviation insurers to predict annual losses.  The result is a volatile market.

The aviation experts at The Goss Group, Inc. specialize in navigating this market in order to reduce your company’s total cost of risk.  We utilize our vast resources, expertise and market leverage in this highly specialized market to develop customized, cost-effective programs that minimize the adverse consequences of a loss.

Professional Sports Risk & Insurance
Coverage for Disability, Accident, Life Insurance, Health Insurance, P & C –Stadiums –Venues, and Event Cancellations.

Wrap Up Insurance Solutions
Wrap Up Insurance Solutions is a full service wrap-up administrator, consultant and broker for all types of construction wrap ups, including Owner & Contractor Controlled Insurance Programs (CCIP/CCIP). Goss LLC business niche is in the development of partnerships with brokers, agencies and consultants to assist in the placement or administration of these types of programs for their clients. 90% of our work is based on setting up, administering and closing out Wrap Ups. Our motto is “we’re the team that was there in the beginning and we’re the same people who will be there at the end”.

The Goss LLC Wrap Up Insurance Solutions team has developed and managed Wrap-Ups (several projects and $15B in construction in both Workers Compensation and General Liability) for a wide variety of clients throughout the Michigan for the past 10 years

Environmental Liability Insurance
Businesses face new and historical environmental exposures that can damage lives, property and company reputations. Some are visible, like the chemicals used in a manufacturing process, and some are hidden, like the leakage from tanks that can contaminate a property. They can be sudden or gradually occurring over time. No business today can risk being inadequately protected against such environmental threats.

Goss LLC’ experienced team of environmental risk control professionals and claim specialists provide environmental liability coverage tailored to the needs of businesses such as manufacturers, laboratories, colleges and contractors.

 

Interested to see how Goss LLC Agency can help you? 

Please contact us today