Dump Truck Insurance in Chesterfield Missouri

Alternatives Insurance of Chesterfield Offers Dump Truck Insurance

Dump Truck Insurance in Chesterfield Missouri | Alternatives Insurance of Chesterfield | (636) 449-1213If you use a dump truck in Chesterfield Missouri, to haul asphalt, sand, salt or remove construction debris, you need Dump Truck Insurance in Chesterfield Missouri. Depending on what you haul, you may need specialized commercial vehicle insurance as well.

Missouri dump truck insurance coverages may vary among Insurance Carriers, so it is important that you work with an Agent that represents multiple, top-rated Transportation Insurance Companies.

Alternatives Insurance of Chesterfield is a full service insurance agency that has  years of experience with Missouri Dump Truck Insurance. Our connections with some of the leading Missouri dump truck insurance carriers allows us to provide the coverages your business needs.

Our insurance agents will shop your Missouri dump truck insurance for our clients, so Dump Truck owners and operators save time from searching, and get on the road!   Alternatives Insurance of Chesterfield works with dump truck private contractors, those who owns a single dump truck, and business owners who own a full fleet of heavy-duty commercial hauling vehicles.  We work with our carriers to insure Super Dump Trucks, Heavy Duty Haulers, Salt, Sand and Gravel Trucks, Six and Ten Wheelers, and more.

Dump Truck Insurance Cost can vary based on a number of factors that the Department of Insurance considers.  These include:

  • The dump truck itself,
  • what you’re hauling,
  • where you’re hauling it,
  • the driving records of whomever is driving the dump truck,
  • personal items anyone may be carrying in the cab, and
  • the length of time a driver has been operating the type of dump truck they want to insure.

If you’re hauling hazardous materials, chemicals or explosives, it will increase your dump truck insurance premium. And if you haul aggregate, we recommend sand and gravel haulers insurance, too.

Dump Truck Insurance in Chesterfield Missouri | Alternatives Insurance of Chesterfield | (636) 449-1213Dump truck drivers should have at least the mandatory coverage required to operate commercial vehicles.  The basic policy should include bodily injury and property damage liability coverage amounts required by Missouri law.

Individually owned trucks or corporate vehicles that are used on the roads and highways of the United States are required to carry commercial truck insurance if they are used for hauling cargo for reasons of commerce. This type of policy is perfect for dump trucks, car haulers, logging trucks, fleets of small vans, refrigerated trucks, and flat bed semi-trucks.

 

Current Federal liability limit minimums for commercial vehicles are as follows:

Freights – $750,000 to $5,000,000; depending on what is being transported
Vehicles weighing less than 10,001 lbs. – $300,000; transporting non-hazardous freight
Passenger vehicles – $5,000,000
Passenger vehicles with a seating capacity of 15 passengers or fewer – $1,500,000

Our agents will examine your business needs and customize a Missouri Dump Truck Insurance commercial vehicle policy that best protects your business from risk.  There are several types of dump truck insurance coverages to consider. Some of which our agents will discuss with you are listed below:

  • Non-trucking insurance: This coverage is designed for independent owner/operators with contract jobs. It provides liability insurance if you should be involved in an accident in your truck during off-work hours.
  • Motor truck general liability insurance: This coverage will protect you from liability for damage you cause to your customer’s property while operating your vehicle on their grounds.
  • Physical damage insurance: This additional coverage provides compensation for any damage to your dump truck, and is usually required by dealerships if you are leasing your vehicle.
  • Motor truck cargo insurance: If the cargo you will be hauling on your truck is valuable, you may be required to carry motor truck cargo insurance.

Dump Truck Insurance in Chesterfield Missouri | Alternatives Insurance of Chesterfield | (636) 449-1213

  • Collision insurance: This will cover the repair of damage to your dump truck if you collide with another vehicle or object.
  • Fire and theft insurance: This comprehensive insurance will provide compensation for damages to your vehicle from fire or theft.
  • Environmental insurance: This insurance will cover certain pollution-related losses and fines and the costs for restoration and clean-up, if necessary.
  • Rental reimbursement / downtime insurance: If your truck is damaged in an accident, this coverage will allow you to continue your business operations while your truck is being repaired or will cover business losses if continuation is not possible.
  • Off-season comprehensive only insurance: If your business is seasonal, this will save you money while protecting your vehicle while it is not in use.

Alternatives Insurance of Chesterfield goes above and beyond most insurance agencies.  We know Dump truck owners are required to have a financial responsibility filing that shows proof they are properly insured to protect them and other drivers from high-risk situations.  Our agents  have the knowledge to assist drivers with the state and federal commercial auto insurance filings and will be happy to process the required state filings on your behalf.

Contact one of our licensed insurance agents to schedule a free insurance evaluation or call now (636) 449-1213.

 

 

Tow Truck Insurance Chesterfield Missouri

Alternatives Insurance of Chesterfield — Your Towing Insurance Experts!

Tow Truck Insurance Chesterfield Missouri | Alternatives Insurance of Chesterfield | (636) 449-1213STOP SEARCHING for Tow Truck Insurance Chesterfield Missouri! Alternatives Insurance of Chesterfield has agents who specialize in Transportation Insurance Services, and they know almost as much about your business as you do.  Our agents have relationships with many Missouri Transportation Insurance Carriers, which allows us to shop Towing insurance for you and customize your policy to meet your needs.

Tow truck owners who do not carry insurance are taking a huge risk.  If you are involved in an accident and the vehicle you are towing skids into another vehicle, you would be responsible for paying medical expenses and property damages related to the accident. Accidents Happen and That is Why it is SO Important to Protect Your Livelihood.

Bodily Injury and Property Damage Coverages are standard forms of liability insurance that all motor vehicle owners are required to carry by Missouri law. Tow truck service companies and individual owner operators MUST carry tow truck insurance. Failure to keep the minimum insurance requirements on your tow truck could result in fines and/or you could have your commercial driver’s license suspended. Additionally, you could be responsible for property and bodily injury damages that exceed the amount of insurance your policy will pay.

The Basic Commercial Auto Coverages include the following:

  1. Bodily Injury protects you in case you cause an accident in which another person is injured. It covers the damages that you’re legally responsible for, and provides a legal defense if someone sues you for damages.
  2. Property Damage covers your legal responsibility for damages to the property of others caused by collision with your car. In an accident, the “property of others” is usually another car, but it also covers damage to public and private property such as road signs, bridges or buildings, up to the limits written into the policy.
  3. Fire and Theft Coverage provides protection for your vehicle in case it is damaged by specific, non-collision incidents. Specific circumstances include fire, theft, windstorm or hail, earthquake, lightning, flood, vandalism and collision with an animal.
  4. Collision and Comprehensive Coverage insurance protects you if your tow truck is damaged due to a non-auto accident related event. Comprehensive insurance, as well as fire and theft insurance, would protect you if your tow truck was stolen or damaged due to a fire.
  5. Uninsured/Underinsured Motorist Coverage protects you in the event that you or your tow truck incur damages caused by another driver who did not have enough, or any, auto insurance to cover the damages that were made to you or to your tow truck.

Our agents will work directly with a variety of tow truck service companies who are required to carry Tow Truck Insurance Chesterfield Missouri.  These tow truck service providers include:

  • Auto Salvage Companies
  • Auto Club Contractors
  • Rotational Towing
  • Auto Repair Shops
  • Auto Body Shops
  • Car Dealerships
  • Police Towing and Impound Lots
  • And More! – Give us a call and ask!

Be Aware That Not All Tow Truck Insurance is the Same!

Missouri tow truck insurance coverage options vary among Insurance Carriers, so it is important that you work with a licensed agent that represents multiple, top-rated Transportation Insurance Companies.  With access to multiple carriers, Alternatives Insurance of Chesterfield can customize your Business Auto and Legal Liability policies to fit your Towing Service business needs.

Just a Few of the Tow Truck Insurance Options Include:

On-Hook Towing InsuranceTow Truck Insurance Chesterfield Missouri | Alternatives Insurance of Chesterfield | (636) 449-1213

This coverage will help pay for damages to vehicles you are towing.  The on-hook coverage is generally provided by the garage keepers’ legal liability (GKLL) endorsement (see below). The GKLL limit is a blanket limit that applies to all towing vehicles on the policy.

Garage Keepers Legal Liability Insurance

This will cover vehicles you are storing for clients.  The GLL insurance is usually provided as an automatic endorsement that is added to the Business Auto coverage. This liability coverage covers loss of, or physical damage to vehicles being towed, and while in your care, custody, or control and is designed for towing and wrecker service businesses.  As mentioned above, the on-hook coverage of garage keepers’ legal liability insurance provides coverage for a non-owned vehicle that you are towing.

Miscellaneous Property Floater

A miscellaneous property floater covers your business personal property that is in transit such as tools and other cargo that you have in your tow truck. This coverage will protect against risks of direct physical loss or damage to your scheduled covered property.

Tow Truck Insurance Chesterfield Missouri | Alternatives Insurance of Chesterfield | (636) 449-1213Motor Truck Cargo Insurance

Motor Truck Cargo insurance is provided via an endorsement to insure items other than motor vehicles licensed for road use.  This coverage provides legal liability for towing companies while transporting property (cargo) of others.  Since the towing operator is seen as a common carrier, they are responsible for the safe delivery of the goods they are transporting (customer’s vehicles and the contents of the vehicle), and thus owe a very high degree of care to their customer.

Business Income & Extra Expense Insurance

Business income insurance & expense coverages will reimburse your towing business for loss of income and profits if your property is damaged from a covered peril and out-of-service.  The coverage continues until the property can be restored or replaced, or until the limit has been reached. The extra expense coverage includes extra expenses that business must make during the time of loss such as rent, mortgage payments, taxes, and utility services.

Tow Truck Commercial Auto Insurance Filings

Alternatives Insurance of Chesterfield agents go above and beyond just insurance – we help our clients understand the options available to protect their investment.  Because the transportation industry requires different trucking operations to file different documentation, our agents are here to help our clients with the State and Federal Transportation Insurance Filing Forms including those listed below.

Federal Truck Filings

BMC-32 filing

BMC-34 filingTow Truck Insurance Chesterfield Missouri | Alternatives Insurance of Chesterfield | (636) 449-1213

BMC-91 and BMC-91X filing

MCS-90 form

Intrastate Truck Filings

Form E filing

Form F filing

Form H filing

Form K filing

Alternatives Insurance of Chesterfield is a supporting member of the Missouri Association of Insurance Agents and committed to the Trusted Choice Pledge.  Our agents will work with you to help you understand your Tow Truck Insurance Chesterfield Missouri options and will review your risks to ensure you are properly protected.  Contact us today for a free evaluation of your current policy.

 

 

Tow Truck Insurance Resources

Tow Truck Insurance Chesterfield Missouri | Alternatives Insurance of Chesterfield | (636) 449-1213

Federal Motor Carrier Safety Administration

www.fmcsa.dot.gov


US Department of Transportation

www.dot.gov


The National Transportation Safety Board

www.ntsb.gov


Directory of State Patrol and State Police

https://www.statetroopersdirectory.com


Missouri State DOTs and MVRs

www.modot.org

www.dor.mo.gov/mvdl

Limo and Taxi Insurance Coverages in Chesterfield Missouri

Livery Insurance Needs in Missouri

Limo and Taxi Insurance Coverages in Chesterfield Missouri | Alternatives Insurance of Chesterfield | (636) 449-1213

Alternatives Insurance® of Chesterfield is devoted to our clients. This is why we keep our clients informed of the specific  Requirements for Limo and Taxi Insurance Coverages in Chesterfield Missouri.  It is our responsibility to ensure we can find the right insurance package that meet our clients’ needs.   There are a variety of coverages to look at when purchasing Limo and Taxi Insurance.

 

 

The top 5 most important coverages are:

  1. Collision and Comprehensive: Covers the cost if there is a collision with an object. Comprehensive insurance covers damage that occurs as a result of fire, rocks, animals, etc.
  2. Underinsured/Uninsured Motorist: This provides coverage if you are involved in an accident in which the other driver was at fault, and they did not have adequate coverage to pay the cost of damages. Missouri law also requires you to have uninsured motorist coverage of $25,000 for bodily injury per person and $50,000 for bodily injury per accident.
  3. Personal Injury Protection Coverage: This type of protection covers the cost if there is an accident with injuries. This will cover part of medical costs, rehabilitation bills, funeral expenses, and lost wages at work. If a pedestrian was injured, this type of coverage will pay their expenses, and it does not matter whose fault the accident was.
  4. Employment Practices Liability: If a limousine operator is accused of things such as sexual harassment, wrongful termination or discrimination, this type of insurance will protect the business.
  5. Bodily Injury Liability and Property Damage Liability: These types of insurances are good for limousine drivers to purchase. Bodily Injury will cover victims if property damage or injuries occur if the limousine driver is at fault. Property damage liability will cover the cost if damage occurs to things, such as a garage, mailboxes, or fences.

Click here for the Commercial Package Filing Checklist

As licensed agents, it is our job to stay educated by the latest trends and pricing tiers in the transportation insurance industry.  We understand obtaining Chesterfield Missouri Limo and Taxi Livery Insurance Coverages is not necessarily an easy task, and we are here to help!

Alternatives Insurance® of Chesterfield aims to protect our clients and their businesses by providing a proactive approach to their insurance needs. As a partner in business, we understand the need to protect our investments and livelyhood.  Limo and Taxi Insurance Coverages in Chesterfield Missouri are required for limo and taxicab companies, whether they are individually operated, or a large fleet enterprise.

Our licensed agents have an abundance of knowledge in the transportation industry and are well-qualified to handle limo and taxi insurance coverages in Chesterfield Missouri.  Our agents have direct appointments with several insurance carriers where we can shop for you to find the best coverage at the best price.  Our agents make your business our priority.  We take the time to analyze the customer’s business type, insurance business needs and state-mandated requirements.

Alternatives Insurance® of Chesterfield agents and staff are loyal to our clients.  As a Trusted Choice agency, we are dedicated to treat our clients as a person, not a policy.

There are several Limo and Taxi Insurance Coverages in Chesterfield Missouri to choose from and it is important to have a professional agent assess your business needs.   Before your appointment, make sure you have details of your business so we can get the most accurate Limo and Taxi Livery Insurance Quote.  The following is a list of items you will need to begin a Limo and Taxi Insurance Quote:

  • Complete vehicle description including the model, year, ID number, and serial number.
  • Use of the vehicle and geographical location of customer base.  (<50 miles, >100 miles, etc.)
  • Actual cash value of the vehicle as is, and the cost to buy a new vehicle.
  • Garaging location and the description of garaging location.
  • A list of all drivers’ name, age, state and license number.

Click here for Missouri  Taxi & Transportation License Information

We do not perceive our clients as a sale. We continue to serve our clients and review your needs from time to time to ensure you still have the best coverage that meets your needs.  Call us today to begin a prosperous, long term relationship with experts in Limo and Taxi Livery Insurance Coverages in Chesterfield Missouri.  For a fast quote call (636) 449-1213.

Limo and Taxi Insurance Coverages in Chesterfield Missouri | Alternatives Insurance of Chesterfield | (636) 449-1213

Trucking Insurance in Chesterfield Missouri

The High-Risk Industry Requires The Right Protection

 Trucking Insurance in Chesterfield Missouri | Alternatives Insurance of Chesterfield | (636) 449-1213Alternatives Insurance of Chesterfield is a leader in providing all-inclusive programs for Trucking Insurance in Chesterfield Missouri.  Our licensed agents have more than 60 years combined experience with automobile liability, general liability, physical damage, garage liability, motor truck cargo, and workers compensation insurance.  We know without the right protection, there can be serious repercussions.

Whether you drive tractor trailers, box trucks, or flatbeds, and you depend on your truck for your business, Alternatives Insurance of Chesterfield can help you protect your source of revenue, with coverages designed for professional truck drivers. We offer truck insurance for most types of trucks, including Box trucks, Semi trucks, Flatbed trucks, Front loaders, Tank trucks, Tractors, Dump trucks, Auto hauler trailers, Garbage trucks, Pickup trucks, Flatbed trailers, and more.

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Limo and Taxi Insurance in Chesterfield Missouri

Insurance Requirements for the Transportation Industry

Limo and Taxi Insurance in Chesterfield Missouri | Alternatives Insurance of Chesterfield | (636) 449-1213Insurance in Chesterfield Missouri is required if you own a taxi cab, limousine or own a taxi or limo service. Alternatives Insurance of Chesterfield understands transportation is a unique industry and we are here to help you with Limo and Taxi Insurance in Chesterfield Missouri!  We provide personalized insurance coverages that cater to the insurance needs of taxi and limo operators – from single operators to large sophisticated fleets.

Taxi Cab and Limo Drivers  need to be covered if an accident causes a large liability claim. Limousine insurance companies offer commercial auto insurance that matches the specific needs of limo services. Because your business involves the transportation of people in your car, van or limo, you need coverage that protects your passengers and covers your risk for a liability claim.  Our licensed agents will review your liability and assets to find the best insurance products to meet your needs.  Alternatives Insurance of Chesterfield shops many carriers for you to get the right Taxi and Limo Insurance in Chesterfield ton Missouri. We serve clients throughout Missouri, including High Ridge, Arnold, Imperial, Valley Park, Ballwin, Eureka, Pacific, House Springs, Hillsboro, Sunset Hills and St. Clair.

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Where To Learn More About Business Insurance In Chesterfield MO

Insurance Resources for Business Owners

Where To Learn More About Business Insurance In Chesterfield MO  |  Alternatives Insurance® of Chesterfield  |  (636) 449-1213Alternatives Insurance® of Chesterfield knows how important it is to help business owners understand insurance options and how to best protect business assets in case of a loss.  Our agents are here to help business owners know where to learn more about Business Insurance in Chesterfield MO.

There are many business issues that equally apply to sole proprietors and to large corporations.  Responsible business owners typically have a business license, pay their business taxes, have employees, and a payroll.  If business is good, then perhaps an accountant to manage the bookkeeping.   All of these items have one thing in common…. INSURANCE.

Do you rest well at night knowing your assets are protected?  Have you thought about the potential losses you would incur if something unfortunate would happen to your business?  Owning the right business insurance makes good business sense.

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Chesterfield Missouri Insurance Agency

Searching for a “Chesterfield Missouri Insurance Agency”?

Alternatives Insurance® of Chesterfield Is The Right Choice

Chesterfield MO Insurance Agency | Alternatives Insurance® of Chesterfield | (636) 449-1213Often times our agents meet potential customers who have had an insurance agent for years and whom they have never met, nonetheless have visited their office.  It is shocking to me that people put their life in the hands of a stranger and have no personal connection or relationship with their Chesterfield Missouri Insurance Agent. The Chesterfield Missouri Insurance Agency of Alternatives Insurance® prides ourselves on the fact that we take great interest in our clients’ and their family’s well-being. It is important that our clients trust the staff and licensed agents of our agency.

Alternatives Insurance® Chesterfield Missouri Insurance Agency staff meets one-on-one with our clients to provide a comprehensive account review and make sure they have the best protection.  We explain the coverage options, benefits, and potential risks based off their needs versus current their current insurance coverages. We take the time to walk our client’s through every step of the decision process to make their experience as educational and informative as possible.

Alternatives Insurance® of Chesterfield opened in 2007 as a full service Independent Chesterfield Missouri Insurance Agency and a proud member of Alternatives Insurance® Group. Alternatives Insurance® Group is an organization of insurance agencies located in the local St. Louis area; founded in 1992. The agents of Alternatives Insurance® of Chesterfield are licensed producers with Missourire than 60 years combined experience. The agency is dedicated to providing every client with protection products that are tailored to fit their individual needs. Whether it’s personal or business insurance, we provide the tools, resources, and superior customer service.

Year after year, our team continues to review, improve, and renew our products in addition to maintaining relationships with our valued carrier partners.  Our exceptional efforts and commitment ensure our clients’ fundamental insurance needs are met completely, competitively, proudly, and locally, by the staff at Alternatives Insurance® of Chesterfield.

You can find dozens, if not hundreds, of local Chesterfield Missouri Insurance Agency in your telephone book or on the internet. Thanks to the internet you can also go directly to many insurance companies and get a quote. If you like the quote you can often buy a policy by filling out a few Missourire forms, right on the spot. This is where the customer relationship has a disconnect.  While we also offer quick quote button on the right of this page, we take the time to contact you personally.  We schedule an appointment to meet in person, get to know you and listen.

So why not do business with a local Chesterfield Missouri Insurance Agency, who can very likely get you a better deal than you can get for yourself.  Alternatives Insurance® of Chesterfield serves all of Saint Louis County Missouri, including Chesterfield, Ballwin, Manchester, Creve Coeur, Glencoe, Wildwood, Town and Country, Frontenac, Ellisville and Des Peres. We proudly represent many of the industry’s leading national and regional Missouri insurance companies offering competitive rates through Travelers, Safeco, EMC, Kemper Preferred, Progressive, The Hartford, West Bend, Chubb and dozens Missourire.

The licensed professionals at our agency have the ability to quickly check prices and coverages with dozens of different insurance companies. We can handle all of your insurance in one place and shop hundreds of carriers for you to get you the best protection, at the best price.  We conveniently offer an entire solution for all your personal insurance and business needs.  Our agents are licensed to sell and are knowledgeable in many areas of the insurance industry, including the following products:

PERSONAL INSURANCE

  • Auto Insurance
  • Homeowners Insurance
  • Life Insurance
  • Missouritorcycle Insurance
  • Boat & Watercraft
  • Flood Insurance
BUSINESS INSURANCE

  • General Liability
  • Commercial Auto
  • Workers Compensation
  • Commercial Building Property
  • Business Personal Property
  • Business Umbrella Policies

 

Alternatives Insurance® of Chesterfield is a supporting member of the Missouri Association of Insurance Agents and committed to the TrustedChoice® Pledge.

  Chesterfield MO Insurance Agency | Alternatives Insurance® of Chesterfield | (636) 449-1213

As a Trusted Choice® agency, we are dedicated to you and are committed to treating you as a person, not a policy.

The agents of Alternatives Insurance® of Chesterfield are fully licensed and comply with the Missouri Bureau of Insurance requirements.  Once our Chesterfield Missouri Insurance Agent receives a license we ensure they comply with continuing education requirements and complete courses approved by the Missouri Insurance Department.  All of our agents throughout the company are compliant and ready to work for you.

Alternatives Insurance® of Chesterfield agents are advisors you can trust.  

Alternatives Insurance

Alternatives Insurance

Here are the top three reasons to choose a Chesterfield Missouri Insurance Agent with Alternatives Insurance® of Chesterfield:

  1. Personal service – Agents are trained to assess your needs, offer unbiased advice and support you should the unexpected happen.
  2. Peace of mind – Your auto insurance agent is a member of your local community and can handle your full range of insurance needs all in one place.
  3. Value – Your independent agent can access insurance coverage from multiple carriers – such as Travelers, Safeco, EMC, Kemper Preferred, Progressive, The Hartford, West Bend and Chubb –  to provide you with the best mix of savings and pricing.

Alternatives Insurance® of Chesterfield is committed to outstanding customer service.  We start by offering the best insurance products at a reasonable price. But it’s the Alternatives Insurance® of  Chesterfield team that really set us apart from the competition. With combined experience of 60 years, our sales and support staff members can handle your transactions quickly and efficiently. We service each and every account using out team of insurance professionals and we’re always available to answer your questions.

Our team is committed to professionalism.  Our dedication to superior client service comes from a culture of professionalism and respect. All of our associates at Alternatives Insurance® of Chesterfield have strong credentials and all of our policies are presented to you in a consistent and professional manner.

You can depend on us to solve problems quickly.  Alternatives Insurance® of Chesterfield has unique industry relationships, allowing us to provide exclusive insurance solutions to our customers. Additionally, every staff member is trained to actively listen and provide helpful answers presented in a way in which our policy holders clearly understand.

Our agents have a strong work ethic and are committed to earning and maintaining your trust.  We believe trust is something earned by listening to our customers while providing helpful advice and support. Trust and consistent underwriting practices is what we expect from our carrier partners, and in return we owe the same level of service to you.

Any questions?  Contact one of our professionals and we’ll be happy to spend the time with you in person!  Our service to you is number one priority. We thank you in advance for your trust, and rest assured we will earn it!

Chesterfield MO Business Insurance

Your Business – Your Dream – Protect It!

Chesterfield MO Business Insurance | Alternatives Insurance® of Chesterfield | (636) 449-1213

Have you been going in circles trying to decipher Chesterfield MO Business Insurance?  Not quite sure if you have the right business insurance protection?  Chesterfield MO Business Insurance encompasses all the different types of coverage available to protect business owners from losses. Through business o rcommercial insurance as it is often called, you can cover your property and business vehicles, insure against legal claims against the business with liability or workers compensation coverages, and also provide health insurance for your employees, among other things. Alternatives Insurance® of Chesterfield will breakdown the facts and provide you the resources you need to understand business insurance and help you make the best choice, for the best price.

Even if you don’t think your business has enough assets to be sued, or if you believe because your business in incorporated, you’re shielded from personal liability through the so-called “corporate veil,” you still need business insurance. Nowadays, people sue at the drop of a hat!  Unfortunately, anyone can be sued and assets can be compromised. Judgments can be collected through wage garnishments and bank account seizures, and even corporate veils can be pierced under certain circumstances; indeed, the smaller your business is, the more likely that you can be held personally liable for debts through your personal assets.

Your business needs comercial insurance because of the many risks and potential threats to its successful and continued operation. As a business owner, you want to have the confidence that the business you’ve built is covered in the event of loss. Partnering with Alternatives Insurance® of Chesterfield to handle your business insurance coverage needs can keep you focused on your business. Alternatives Insurance® of Chesterfield offers several options for business owner’s protection, and we can tailor your Chesterfield MO Business Insurance policies to help protect you and your venture as much as possible.

Business Owners Policy (BOP) is often appropriate for small to medium-sized businesses, usually includes property, casualty, liability, and business interruption coverage; you’re likely to pay less expensive premiums with a package deal instead of buying the policies separately.  Other choices are the home office policy, which combines homeowner’s and business insurance, and a “business pursuits” endorsement to your homeowner’s policy, which provides the least protection.  Other business insurance needs may also include worker’s compensation, commercial auto insurance, errors and omissions, builder’s risk, cargo, vacant property, bonds and special events.

Keep in mind, if your business services include counseling clients on legal, tax or other advisory topics, a BOP does not cover professional liability, auto insurance, workers’ compensation, health or disability insurance – all of which need to be purchased separately. Other businesses may have particular risks that will require more customized coverage than what’s included in a standard BOP.  For example, a jewelry store has different risks that a home-based business.

If we determine your business does not qualify for a BOP, we will consider Commercial Package Insurance Policy (CPP) options.  CPPs can be issued to include almost any type of coverage offered, from property and liability to auto, crime, inland marine and professional liability. When your business risks goes beyond the coverages in a BOP, the flexibility offered by a Packaged Policy provides the opportunity to design a policy specifically to meet the needs of your business.

Most Commercial Package Insurance Policies offer expanded coverage endorsements. These endorsements provide additional coverages or increase the base current coverages for lower premiums than purchasing each coverage separately. We know this all sounds so confusing, this is why we encourage you to contact one of our licensed agents to discuss your options.

During your business review with one of our professional agents, we will go through your insurance requirements step by step.  After we have determined whether you will be better insured by a Business Owner Policy or a Commercial Package Insurance policy – we’ll then review your property.

Property insurance coverage protects small business owners from losses to physical property space or equipment.  For insurance purposes, a business property includes the physical building in which other property, such as tools and equipment may reside.  With property insurance, you can buy either actual cash value or replacement cost insurance. Actual cash value insurance reimburses you for the value of lost, damaged or stolen goods after depreciation is taken into consideration. Replacement cost insurance reimburses you the amount it would take to replace, rebuild or repair damages with materials of similar kind and quality, without deducting for depreciation.

All of the following, owned or leased, can be considered business property:

  • Business Inventory
  • Furniture and Equipment
  • Computers and Electronics
  • Artwork and Antiques
  • Signs and Outdoor Property Not Attached to a Building

There are three types of property insurance plans described below:

  • Basic – includes losses resulting from a fire, lightning, windstorm, hail and explosion, plus the cost of removing property to protect it from further damage.
  • Broad – includes basic plus extended coverage for other types of perils, such as a roof collapse (e.g. caused by snow or ice etc.
  • Special – includes basic and broad, and covers all direct physical losses except for losses specifically excluded as listed in the policy.

 Chesterfield MO Business Insurance | Alternatives Insurance® of Chesterfield | (636) 449-1213Commercial Auto Insurance covers delivery trucks, fleet vehicles (limousines), and company provided cars, to name a few.  All motorized vehicles, whether used for personal or business purposes, need auto insurance. While the types of coverage provided by personal and commercial auto insurance policies are essentially the same, there are important distinctions. Typically, commercial auto insurance policies have higher liability limits. They also may have provisions that cover rented and other non-owned vehicles, including employees’ cars driven for company business.

Several factors related to ownership and use of vehicles determine whether a personal or commercial policy is appropriate. We will determine who owns or leases the vehicle, who drives the vehicle and how the vehicle is principally used. We will discuss these matters with you and make the best decision based off of your needs for collision and comprehensive coverage to protect yourself against damage to your vehicles.

Contact one of our professional agents today to schedule a meeting to discuss your options.  We will work with you to identify the insurance and financial services that are right for your business.

Business Insurance Coverages Chesterfield MO

Business Insurance Basics

Business Insurance Coverages Chesterfield MO | Alternatives Insurance® of Chesterfield | (636) 449-1213So you’re thinking about starting a business and have been searching online for ” Business Insurance Coverages Chesterfield MO “.  Don’t worry – the agents of Alternatives Insurance® of Chesterfield can help!  We shop many insurance companies to get the right business insurance coverages for you.  There are several types of business insurance coverages that can be packaged and sold as one policy. Let us explain the different types.

Business Insurance Coverages Chesterfield MO | Business Owners Policy (BOP)

The BOP combines coverage for all property and liability insurance risks as well as many other coverages into one package policy.  This type of insurance is a good fit for most small businesses. The BOP is an adequate business insurance policy providing commercial insurance coverage that most small businesses need.  The term “BOP” specifically refers to insurance policy language developed by experts at ISO. ISO is a leading source of information about property/casualty insurance risk in a broad spectrum of commercial and personal lines of insurance.

The BOP includes coverage for business income, when your business suffers a loss and you are not able to operate. This is often referred to as interruption insurance. Interruption Insurance pays the owner income they lost when their business is destroyed by a qualifying disaster.  Quite often, disasters can stop business operations for an unknown period of time.  This could also could force a business to move out of their current location. Business income insurance will also coves the extra expense that a business owner may have to payout if a business must operate out of a temporary location.

 

Business Insurance Coverages Chesterfield MO | Business Owners Policy Options

Alternatives Insurance® of Chesterfield offers optional coverages to increase your protection and tailor a policy to meet your specific needs. For example, Outdoor Property.  This coverage pays for loss or damage to outdoor fences, antennas, trees, shrubs, or plants caused by specific losses.  Debris Removal covers the expense of removing debris caused by the loss.  Pollutant Clean-Up provides coverage for a loss if you had to remove pollutants from land or water at your business location.  These are just a few options for your business owners policy.  Alternatives Insurance® of Chesterfield can shop your policy needs to find the best coverage for your business.

Only small- to medium-sized businesses that meet certain criteria are eligible for a BOP. Alternatives Insurance® of Chesterfield agents will look at the size of the premises, the required limits of liability, the type of business and the extent of offsite activity. Premiums for BOP policies are based on those factors plus business location, financial stability, building construction, security features and fire hazards.

 

Business Insurance Coverages Chesterfield MO | Property Insurance

Property insurance will reimburse the business owner if their property, that is used for the business, is lost or damaged as the result of fire or theft. Business Insurance Coverages Chesterfield MO | Alternatives Insurance® of Chesterfield | (636) 449-1213Property insurance covers the structure, personal property (furniture, inventory, electronics) and whatever the business needs to use to operate with the least disruption. Alternatives Insurance® Of Chesterfield can help business owners determine the best policy that meets their needs.  For example, property insurance may include coverage for equipment breakdown, removal of debris after a fire or other destructive event, some types of water damage and other losses.

 

Business Insurance Coverages Chesterfield MO | Business Liability Insurance

Liability insurance (also known as Commercial General Business Liability) protects a company’s assets and pays for obligations, such as medical costs.  Consider if someone gets hurt on your property or when there are property damages or injuries caused by you or your employees. Everyone is out to sue somebody to get paid.  Liability insurance will cover the cost of your legal defense and any settlement or award if you should lose your case.  Liability insurance can also protect you against any liability as a tenant if you cause damage to a property that you rent, such as by fire or other covered loss.

 

Business Insurance Coverages Chesterfield MO | Business Auto Insurance

A business auto policy provides auto insurance coverage for autos owned by a business – the autos must be used for the business and listed on the business insurance policy.

The insurance pays any costs to third parties resulting from bodily injury or property damage for which the business is legally liable, up to the policy limits.

 

Business Insurance Coverages Chesterfield MO | Workers Compensation Insurance

Workers’ compensation is a state-mandated, “no-fault” insurance system that pays benefits to workers injured on the job to cover medical care, part of lost wages and permanent disability. Workers compensation insurance will provide immunity to employers involved in civil lawsuits by employees over such workplace injuries. Most states require that businesses with five or more employees must be covered under workers compensation. Contractors are excluded from this rule and must have workers compensation insurance even with just 1 employee.  Missouri law does not see any difference between employees of different employment statuses. The statutory definition of “employee” includes both full- and part-time employees, seasonal and even temporary employees.

Other Types of Business Coverages

Errors and Omissions Insurance/Professional Liability

Errors and Omissions Insurance is most common for businesses that offer advisory services, rather than a product.  Examples of these type of businesses are CPAs, Attorneys, those providing physical care, can all lead to being sued by customers, clients or patients claiming that the business’s failure to perform a job properly has caused injury. Errors and omissions or professional liability insurance covers these situations. The policy will pay any judgment for which the insured is legally liable, up to the policy limit. It also covers legal expenses when there has been no wrongdoing.

Employment Practices Liability Insurance

Employment practices liability insurance (EPLI) covers wrongful acts emerging from the employment process. The most common types of claims covered under EPLI policies include: wrongful termination, discrimination, sexual harassment, and retaliation. EPLI policies also cover claims from a variety of other types of inappropriate workplace conduct, including employment-related: defamation, invasion of privacy, failure to promote, and negligent evaluation. The policies cover directors and officers, management personnel, and employees.


Directors and Officers Liability Insurance

Directors and officers liability insurance protects directors and officers of corporations or not-for-profit organizations if there is a lawsuit claiming they managed the business or organization without proper regard for the rights of others. The policy will pay any judgment for which the insured is legally liable, up to the policy limit. It also covers legal expenses when there has been no wrongdoing.

 

Key Employee Insurance

Life or disability income insurance can compensate a business when certain key employees die or become disabled. These coverages cushion some of the adverse financial impact that results from losing a key employee’s participation.

 

 Umbrella Policies

A Business Umbrella Insurance policy protects you in a claim when your general business liability limits are exhausted, and you are faced with a lawsuit and potentially risking the entire value of your business. An umbrella liability policy provides coverage over and above a business’s other liability coverages. It is designed to protect against unusually high losses.  If a company has employment practices liability insurance, directors and officers liability, or other types of liability insurance, the umbrella could provide protection beyond those policy limits as well.

Please give us a call at (636) 449-1213 and have your insurance policy information ready. Our Commercial Insurance Specialist will obtain the information to begin working on your no obligation risk assessment and quote.