General liability insurance provides coverage for customer injuries, customer’s property damage, and lawsuits relating to both. The policy also covers you from the expense of out-of court settlements, litigation,
and judgements awarded by courts
Also known as Business Liability Insurance, this is a safety net small or large businesses simply must have.
In case of any unexpected event, this policy protects you and your business by providing the financial resources necessary to keep the business running. The policy protects your business in case of:
• Third-Party Bodily Injury
• Third-Party Body Damage
• Third-Party Lawsuits Product
• Liability Advertising Injury
It is equally important to know what the business insurance policy does and doesn’t cover.
While running a business, you already have too much on your shoulders. We want you to run your business as smoothly as you can. As your trusted insurance partner, we will make sure that your business recover with
as little disruption as possible.
A commercial property insurance helps you to keep your business running in case of any accident or damage in a fire or a natural disaster. This policy is also called as Business Owners’ Policy.
Having a commercial property insurance reduces your business risk exposure and helps your business stay open even when the property is damaged.
A standard commercial property insurance coverage includes:
The building means the office space owned by business contents of your building includes the computers, office equipment, furniture, fixtures, inventory and supplies.
We offer a wide selection of commercial property insurance coverage that can help you address the unique risks your business is facing, and advice coverage changes as your business needs change.
Commercial vehicle insurance provides protection for a vehicle that is being used for business purpose against both property damage, liability and commercial drivers.
It is required by law to have commercial auto insurance while you’re using your vehicle for commercial purposes.
Auto insurance companies have different types of optional coverages available. At Coastal Insurance, we tailor the policy as per your business requirements and the use of vehicle. A typical coverage includes:
• Auto Liability coverage defends against property damage or bodily
injury you cause.
• Uninsured and underinsured motorist coverage
• Coverage for damage other than the collision
• Medical payments that results from an auto accident and include medical care, rehabilitation, recovery and remedial care.
• Towing and Labor
Workers compensation insurance, also known as worker’s liability insurance helps you pay for work injuries and illnesses, medical bills, recovery costs, and partial missed wages.
Workers compensation insurance protects both you and your employees.
Workers compensation is designed to protect your business from lawsuits and compensates your employees for injuries that occur while on the job. The policy provides you coverage in case of:
• Pay for medical expenses when employees are injured at work.
• Reimbursement percentages for lost wages
• Coverage for financial support to dependents
• Funeral expenses for fatal accidents
At MIG13 - The Morgan Insurance Group we stay updated with the industry regulatory changes in order to help you make any changes or adjustments that you may need to make in the future. Call our experts today to get help with your entire business portfolio.
A surety bond is a contract among three parties: the obligee (the entity that requires the bond), the principal (the individual or business that purchases the bond to guarantee future work performance), and the
surety (the insurance company that backs the bond). Through a surety bond the surety guarantees to the project owner (obligee) that the principal or the contractor is able to perform the duties of the contractual
These are the different types of surety bonds and we help you with all of them: Contract bonds, judicial bonds, public official bonds, fidelity bonds, fiduciary bonds, license and permit bonds, federal bonds, notary bonds, etc.
There are two most common types of surety bonds:
Contract Surety Bonds:
This is a bond that the government or an owner of a construction project may require a contractor to obtain.
Commercial Surety Bonds:
These bonds are usually mandated by government agencies and are generally used to protect public interests. Coastal Insurance is a complete hub for all types of surety bonds.
Contact us for more information today!