Business Insurance

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Business Owner Insurance

Every small business owner knows they need business insurance. Unfortunately, most insurance companies are reluctant to take on newly established businesses and insist that small business owners be in business for three years or more before they can get standard rates. Some agencies don’t like new entities because they may not have the management experience and capital at the formation stage to fund the insurance required and necessary to conduct their business.

At Kiely Hines & Associates, we enjoy working with the new (AND experienced) entrepreneurs, walking them through the formation stages, advising them on what protection is necessary, and assisting them in selecting installment payments for this insurance. As the business grows, we can help you grow your business insurance program. Not all financial risks can be transferred to insurance companies, and we can help you use alternate methods for these financial risks. Many of our clients have been insured with us for more than three generations.


Contractors

Kiely Hines & Associates has several financially sound insurance companies providing essential insurance coverage for trade or artisan contractors, such as carpenters, plumbers, electricians, HVAC contractors, landscaper/lawn care services, fire sprinkler/fire suppression/extinguisher contractors, and computer services, just to name a few.

We provide:

  • Office/warehouse/equipment coverage
  • Equipment rental coverage
  • Property coverage
  • Inland marine coverage
  • Commercial general liability
  • Auto or fleet coverage
  • Workers compensation
  • Permit and surety bonds
  • Installation coverage
  • Employee benefits
  • Disability
  • Key man and buy-sell funding life products
  • Employment practices coverage
  • Errors and omissions for some contractors
  • Plus many other forms of insurance

We can issue certificates in minutes and either mail or fax them to your customers and general contractors. We understand contractors’ needs and will walk you through the mysteries of buying insurance. (One of our agents is a former residential contractor.


Manufacturing Program

If you run a business within the manufacturing sector, you know that your employees and your business are exposed to a range of risks. Therefore, it’s essential that you deal with an insurance provider who really understands your business sector.

At Kiely Hines & Associates, we understand that manufacturing risks tend to be more complex than standard commercial risks. That’s why our manufacturing program is tailored to cover the assets, earnings, and legal liabilities of your business. We can help you find a policy that provides coverage for a range of risks, including public and product liability, employers liability, business interruption, and coverage for your machinery, physical plant, and stock.


Pharmacy Insurance

You can get higher liability limits and broader coverage through Kiely Hines & Associates’ Pharmacy Insurance program. Last year, every pharmacy insurance account we’ve quoted saw 15% – 50% reduction in their insurance premiums. In fact, we even saved one pharmacy over %$17,000 — that’s a 40% cost reduction.


Professional Liability Insurance

Kiely Hines & Associates provides professional liability insurance including Errors & Omissions, office packages, workers compensation, auto, umbrella, employment practices, and employee benefits for the following professionals:

Medical Professionals: We can competitively write policies for groups of any size, including those who may be seeking a new insurer.

Lawyers Professional Liability: We represent several financially sound lawyers’ Errors and Omissions Plans, including employed lawyers. We use CNA, Philadelphia, Gulf and Travelers, just to mention a few insurers.

CPA Professional Liability: We have several markets for this profession as well.

Architects, Engineers & Surveyors: We have programs for both small and large firms.

Miscellaneous Professions: Mortgage brokers, computer programmers, web designers, business consultants, designers and many others.
Please ask for Laurie Dobbins (or Email Laurie at ldobbins@kielyhines.com), who specializes in writing coverage for lawyer clients and other professionals.

We can frequently get estimated Professional liability premium proposals based on your current carrier’s applications, or we will send you current applications by mail, fax, or email. We can help new professionals get their professional liability insurance programs off the ground.


Wholesale/Retail Risk

As a wholesaler or retailer, you face unique concerns with risks that could cause significant business interruption. Your Kiely Hines & Associates agent can offer the expert guidance and recommend the coverage you need.

Our in-depth experience working with wholesalers and retailers helps us understand your unique exposures and can help us protect you against losses that can disrupt your operations or jeopardize your financial well being.


Workers Compensation Insurance

Workers compensation insurance protects you, as an employer, against employee lawsuits for work-related injuries or diseases that are compensated by statute and/or imposed by law, and it provides medical care and compensation for lost income to employees hurt in workplace accidents. Workers compensation covers workers injured on the job, whether they’re hurt on the workplace premises, in auto accidents while on business, or performing business-related duties elsewhere.

Workers comp provides:

  • Payments to injured workers without regard to who was at fault in the accident.
  • Compensation for time lost from work.
  • Compensation for medical and rehabilitation services.
  • Coverage for work-related illnesses.
  • Death benefits to surviving spouses and dependents.

Businesses are required to buy workers compensation insurance in almost every state, although each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services, and the manner in which the system is administered. Kiely Hines & Associates will guide you in choosing the coverage that is right for your business, and see to it that insurance requirements for other states are incorporated into your policy.


Cyber Liability – Are You Protected?

Technology runs our lives. It runs our businesses and our personal lives. It cooks our food, lets us know when we should wake up for the day, and holds the memories of every vacation you’ve taken in the past ten years. Let’s be honest, without technology, our lives would be in shambles. Reading newspapers, paying with check, or even making an actual phone call are all actions of the past. The internet, PayPal, emailing, and texting are the current and they’re our future.

Have you taken into consideration how much of a hold technology has on your life? Is your business protected? Are your personal pictures, emails, and social media profiles protected?

Take into consideration that hackers have their eye on targeting your payment system. Large corporations such as Target, Home Depot, and the most recent victim, Anthem, definitely understand the cost of a cyber attack to a business. Home Depot reported that 56 million cards were compromised in the 5 month cyber attack which makes this attack much larger than the holiday attack that occurred with the Target Corporation. For Anthem, 80 million records of current and former customers, as well as employees, were exposed due to hackers able to breach the Anthem database.

Other major companies you might recognize have made the news with hard-hitting cyber attacks. Staples, the office supply retailer, reported that hackers had broken into the company’s network and compromised the information of about 1.16 million credit cards. JPMorgan Chase, the nation’s largest bank, last summer said hackers had compromised some of the personal information of 83 million households and small businesses. However, the bank did say that the attack was limited to non-financial information such as their customer addresses, phone numbers, and email addresses.

If hackers were able to breach the systems of some of the largest corporations in the United States, then imagine what they are capable of doing to your business. Cyber Liability Insurance is a protective plan that your business needs to run worry-free on a daily basis. Don’t be the next name in the news. Get protected.

The Power of an Umbrella Policy

The courtroom can be the most intimidating place you’ll ever find yourself in.  The last thing you want is to be sitting in one, listening to a judge rule against you, and knowing that there is no way you can pay off the debt from this lawsuit.  All you can do is look at the window, wishing you never hired that one employee who fell down in the lobby of your company, and picture your business closing shop.

Ok, now that we have that depressing introduction out of the way…. We want you to know that although your business is at risk on a daily basis, you have the ability to protect it from shutting down.  You have the ability to protect yourself from ever entering the scary and intimidating courtroom. All you need is adequate insurance for your business because it could take just one accident to bring your business to a screeching halt.

Companies of ANY size are vulnerable to lawsuits, so every business, from the large factory to the four-person staffed bakery down the street, is at risk to be taken to court.  It’s important to note that the company’s size has no bearing on the amount of judgment a court would give either.  The law does not see any business as a special case, so it does not give leeway for a business without the ability to pay for the lawsuit presented against them.

In the event of a catastrophic claim, your General Liability, Auto Liability or Employers Liability Insurance may be insufficient, placing the future of your business in jeopardy:

  • A lien could be placed on your property.
  • You could be forced to liquidate assets.
  • Your current and future earnings could be attached.
Don’t be at risk.

Companies of ANY size are vulnerable to lawsuits, so every business, from the large factory to the four-person staffed bakery down the street, is at risk to be taken to court.  It’s important to note that the company’s size has no bearing on the amount of judgment a court would give either.  The law does not see any business as a special case, so it does not give leeway for a business without the ability to pay for the lawsuit presented against them.

In the event of a catastrophic claim, your General Liability, Auto Liability or Employers Liability Insurance may be insufficient, placing the future of your business in jeopardy:

  • A lien could be placed on your property.
  • You could be forced to liquidate assets.
  • Your current and future earnings could be attached.
The Umbrella Policy

If your business is set up as a sole proprietorship or partnership, your personal assets could be seized as well.  Let us prevent your business from getting in these potential ruts. All of these potential accidents and risky situations can be solved if you have an Umbrella Policy. Umbrella policies can expand your liability coverage for ordinary business mishaps, such as:

  • Business automobile accidents
  • Customer slips and falls

With an Umbrella Liability Policy in place, there are fewer worries about depleting valuable business assets or future income to cover catastrophic liability claims. An Umbrella Liability Policy supplements your existing policy’s liability, Auto Liability and Employers Liability limits.


Why Your Business Needs EPLI

Do you feel that your business is adequately covered? If you are unsure of your answer to that question, then a little EPL insurance lesson might be in your favor.  Employment Practices Liability Insurance, (also known as EPL insurance or EPLI), provides coverage to employers against claims made by employees alleging discrimination based on factors such as sex, race, age, disability, harassment, and other employment-related issues.  The U.S. Equal Employment Opportunity Commission (EEOC) reports that discrimination claims reached the second highest level ever in 2009 as more than $372 million was awarded to employees.  Racial discrimination claims were the most frequently filed, followed by retaliation and gender claims.

  • Did you know that 3 out of every 5 employers are sued by former employees?

Large corporations are often covered with EPLI because they are dealing with more employees and are at higher risk for an employment lawsuit.  The more employees a company has; the higher the risk for an employee to allege discrimination in some case.  It is the smaller businesses that need to worry about EPL coverage.  It can be assumed that smaller businesses lack a human resources department that tracks policies and procedures regarding hiring and terminating employees.  This potential lack of employee records puts this small business at high risk for employees filing claims.

  • Did you know that over 40% of all Employment Practices claims are brought against firms with less than 100 employees?

Here are some things you can do to protect your business:

  1. Purchase adequate amounts of employment EPL insurance for your business.
  2. Keep a detailed handbook in the office.  Make sure each employee has a copy, and when new employees are hired, make them sign a statement   agreeing to the guidelines listed in your company’s handbook.
  3. Within that handbook, make sure to clearly list and define employee job descriptions.
  4. Make sure to have a record-keeping system which documents employee issues as they arise, and what your company did to resolve these situations.

If you would like a free EPLI quote, or for more information regarding EPLI coverage, feel free to call the Kiely Hines & Associates office at (502) 893-2020.

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