Commercial and Business Owners

As a multi-generational, locally-owned business, we understand what it takes to build and protect a sustaining business. Your valuable business assets and professional reputation are a result of your hard work, expertise and foresight. Let us help you protect it. Waters Insurance Agency offers insurance policies tailored to your line of business. Whether you are a small business or a large corporation, we represent several commercial insurance carriers that offer comprehensive insurance products to fit your needs.

Waters Insurance specializes in insuring many different commercial exposures, including but not limited to: 

• Builders Risk Insurance

• Commercial Real Estate

• Contractors Insurance

• Dealership and Garage Keepers Liability Insurance

• Employment Practices Insurance 

• Farm Owners Insurance

• General Liability Insurance

• Liquor Liability Insurance

• Manufacturing Insurance

• Medical Office Insurance

• Restaurant Insurance

• Retailer Insurance 

• Trucking Insurance

Many other commercial specialty insurance products available! Let’s start a conversation to talk about how we can meet your insurance needs!

Property Insurance

Protecting your business property in an event of a covered loss, business property insurance coverage protects items such as commercial buildings, equipment, tools, furniture, fixtures, inventories, business records, supplies and other physical items.

Commercial General Liability Insurance

Commercial general liability (CGL) is a type of insurance policy that provides coverage to your business for bodily injury, personal injury and property damage caused by the business’ operations and products, or injury that occurs on the business’ premises. Liability insurance also covers legal expenses associated with covered claims.

Policies provide coverage for liability arising out of a multitude of areas such as :

• Premises and Operation

• Fire Damage Liability (damage by fire to premises rented to insured)

• Personal and Advertising Injury

• Medical Payments

• Products/Completed Operations

Business Owner Policy

A business owner policy (BOP) is a cost-effective package policy which combines your liability, property and other types of coverage into one comprehensive policy. A BOP is typically attractive for small businesses that want to avoid the higher costs of separate insurance policies.

Answers to some common questions about Commercial Insurance

We recommend all tenants ready their lease agreement to know what responsibility they have in an event of a fire. In some cases, a tenant may be held responsible for fire damages to a rented space. Fire Legal Coverage helps protect a tenant in a situation like this.

Replacement Cost is the current cost to replace property. Actual Cash Value is the replacement cost less depreciation.

If a regular driver, it is important he or she be listed on your commercial auto policy as a driver. If a non-designated drive is behind the wheel for a rare business purpose, it is important you purchase the Hired Physical Damage endorsement on your commercial auto policy.

At the end of a policy term, the insurance company will review the policy and either charge or credit the policyholder based upon an audit of estimated figures. Examples of estimated auditable items include sales, employee job function and payroll. Audits can be performed onsite by an auditor or via mail or telephone. 

An audit may require you to show proof that subcontractors have their own insurance coverage. The subcontractors’ certificates of insurance will prevent you from being charged for their exposure. If they do not carry insurance, you may be responsible for their exposure thus requiring these individuals be added to your policy.

General Liability provides coverage if you are liable for damages to other individuals arising from your premises, general operations (ongoing and after completion) and products manufactured or sold.

Products/completed operations refers to the liability coverage for damages caused by your operation or product after the point at which you no longer have control of them.

Business Interruption / Extra Expense Coverage provides coverage for income lost and the expense of establishing a temporary site during repairs due to damages related to fire or compensable loss.

For informational purposes only. For detailed information regarding policy coverages and endorsements, please contact a Waters Insurance agent.