Tribal Commercial Insurance
Commercial Auto
Protects vehicles from collision damage and includes liability for bodily injury and property damage.
Commercial Liability
- Accidents causing bodily injury to other people (a customer trips and falls in your shop)
- Accidents causing property damage to other people’s property (you sell a toaster to a customer which malfunctions and causes fire damage to their home)
- Personal injury such as invasion of privacy, wrongful eviction, libel, slander, or false arrest or advertising injury such as copyright infringement or false advertising
Commercial Umbrella
This coverage takes over on large claims when your regular business insurance limits have been used up providing an extra layer of business liability coverage against catastrophic loss.
Excess/Umbrella
Businesses require Umbrella or Excess insurance for protection in the event of third party claims arising from their operations. Umbrella or Excess is the casualty insurance protection, from claims in excess of the coverage provided under a business’ primary casualty policy.
Most businesses combine the protection from the Umbrella or Excess insurance Policy to protect against the larger more catastrophic claims with General Liability Insurance.
Employment Practices Liability
Over the last few years, the number of employee complaints pertaining to discrimination, harassment and wrongful termination has increased dramatically. Even organizations with unbroken record of spotless management behavior are vulnerable to expensive lawsuits. This coverage insures against such legal judgments.
Errors and Omissions (or Failure to Disclose)
This endorsement states that coverage will not be affected if the insured unintentionally fails to disclose existing hazards or unintentionally makes an error or omission.
Pollution Liability
Pays up to $100,000 for losses that result from accidental release of pollutants that are brought by you to a job site.
Special Risks
We understand that you may have unusual or unique business opperations. (Solar Power Generation, Marina, Water Park, etc.) Whatever the risk, we can provide coverage.
Property
Boiler & Machinery insurance covers direct damage to covered property when caused by a covered cause of loss. Covered property is any property that is owned by the named insured or is in the named insured’s care, custody, or control and for which the named insured is legally liable. A covered cause of loss is a sudden and accidental breakdown of the insured’s boiler and machinery equipment or any part of the equipment described in the policy. Boiler and machinery insurance is necessary because commercial property policies exclude explosion of steam boilers and breakdown of machinery.
Builder’s Risk
This program insures commercial buildings under construction against damage from fire, windstorm, theft and other exposures. Coverage also applies to property while in transit and during temporary storage. This may apply to a single location or may be written to cover multiple locations.
Business Interruption Coverage
If your business suffers a property loss it could cause the business to slow or close down while repairs are made. This may mean a complete or partial revenue loss depending on the timeframe and the damage. From the time the loss occurs until your business is running again, insurance can replace your lost profits, and provide a source of money to pay your necessary continuing expenses, like rent, payroll, taxes, etc.
You can also buy insurance to cover any extra expenses incurred in getting your business back into operation. It may take a while once you re-open for customers to discover you are back in business, which may hurt your bottom line. To meet this need, insurance companies offer coverage for the difference between your “before loss” business income and your “after loss” business income for a month or more while you regain your customers.
Commercial Crime
Protects your business property against burglary, robbery and theft.
Money and Security Coverage – pays for money and securities taken by burglary, robbery, theft, disappearance, and destruction.
Employee Dishonesty Coverage – pays for losses caused by most dishonest acts of your employees, such as embezzlement and theft.
Commercial Property
Property Insurance is any type of insurance that indemnifies an insured party who suffers a financial loss because property has been damaged or destroyed. Property is considered to be any item that has a value. Property can be classified as real property or personal property. Real property is land and the attachments to the land, such as buildings. Personal Property is all property coverage. Form is the form used to insure almost all types of commercial property. The insuring agreement in the Building and Personal Property coverage form promises to pay for direct physical loss or damage to covered property at the premises described in the policy when caused by or resulting from a covered cause of loss.
Contractors’ Equipment and Installation Floater
Protects the extensive business investment you’ve made in your equipment. Coverage also is available for supplies and materials designated for installation.
Inland Marine
Inland Marine Insurance provides coverage for goods in domestic transit, goods of bailees/customers, moveable equipment, and unusual property. Property of certain dealers and instrumentalities of communication and transportation are also covered. In short, inland marine insurance provides coverage for loss exposures that cannot be conveniently or reasonably confined to a fixed location. A bailee is any person or business that accepts the property of others for a specific purpose. Instrumentalities of communication and transportation are properties essential to communication or transportation. Properties that may come under this class are radio and television equipment, bridges, roads, tunnels, pipelines and piers.
Flood
Floods are random. They happen anytime, anywhere, even in the same place twice. A prior year’s occurrence does not reduce your risk of flood. Floods have become the leading cause of property damage from natural disasters, with more homes destroyed by flood than by fire. Estimates for flood damage have risen to over $4 billion each year.
Earthquake
Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage.
Most earthquake insurance policies feature a high deductible, which makes this type of insurance useful if the entire home is destroyed, but not useful if the home is merely damaged. Rates depend on location and the probability of an earthquake. Rates may be cheaper for homes made of wood, which withstand earthquakes better than homes made of brick.
As with flood insurance or insurance on damage from a hurricane or other large-scale disasters, insurance companies must be careful when assigning this type of insurance, because an earthquake strong enough to destroy one home will probably destroy dozens of homes in the same area. If one company has written insurance policies on a large number of homes in a particular city, then a devastating earthquake will quickly drain all the company’s resources. Insurance companies devote much study and effort toward risk management to avoid such cases.
Transportation
We offer a full compliment of specialty coverages, including automobile liability, general liability, physical damage, garage liability, motor truck cargo, workers’ compensation and more.
