Commercial Insurance

Every business is unique, which means you need a personalized plan

Risk Evaluation

We know your business means everything to you. It is also important to us. In this tough economy, you face challenges every day. As a business owner, you want to make sure your business is adequately protected today and tomorrow. Like you, Gordon Tower Insurance Agency is a small business and we understand the importance of developing a plan for continued financial security. Michael Bodnar can work with you to determine the right combination of insurance and financial products for you and your business.

One of the perks of having commercial insurance is having access to a professional team of risk management consultants. This allows you to recognize potential business risks associated with your business. Some resources avaible include help in creating a work safety program, driver safety training, on site audits and inspections, and so much more.

Trying to understand your insurance needs and which coverages are the right fit is very overwhelming, if not downright impossible for you to do on your own. We are not only well-versed in the types of risks businesses face, we also know the types of insurance products available to protect businesses. Because we represent multiple insurance companies we have access to a wide range of products to choose from. We can help you carefully consider and identify potential risks to your business and fully explore insurance options on your behalf, so that your company’s coverage can be matched to your unique needs. If you are just starting out, create a detailed business plan that outlines what the business will do and how it will do it. A solid business plan is a crucial tool when it comes to securing insurance as well as funding for a new business. A well prepared business plan demonstrates to insurance underwriters and potential investors that you’ve done your homework in considering the risks you may encounter and how to protect your business as it grows. We can review your business plan and pitch it to insurance underwriters.

Commercial Property and Auto

Commercial auto insurance is important to have if you own business related vehicles. Protect your employees, business, and yourself from costly medical or legal fees. You will also need coverage to protect your equipment and buildings. Running a business of any kind is a lot of hard work. As a business owner, you have a dozen things to worry about on any given day, but insurance shouldn’t be one of them. At Gordon Tower Insurance, we take on the heavy lifting for you, working with you to uncover your needs to find insurance coverage that’s as custom made as your business is.

There are several considerations and questions we will ask about before making a coverage recommendation for you. To determine Risk evaluation, we take professional stock of the risks that your business is exposed to. Regarding Commercial property and auto, we will find out what commercial buildings, vehicles and equipment are critical to your business. What if a customer slips and falls in your store or building? This is Commercial liability. You will also need to consider Employment practices liability. This provides coverage if an employee steals from you or your customers and provides protection against this happening. Every business needs protected.

Commercial Liability

Liability coverage is extremely important to have in your commercial insurance policy. If a client or customer gets injured on your property, this will cover medical and expensive legal fees. We offer solutions for your property and liability insurance needs. We also find the right coverage for your commercial auto(s), as well as worker’s compensation, professional and specialty products, inland marine and mobile property, surety and fidelity bonds, performance bonds and financial products insurance. Your business is unique, and your coverage should be customized to you.

If your company does business that needs liability protection with higher limits, you may need a commercial umbrella policy. Your unique type of business or industry will impact the type of insurance needs you have. We offer Commercial Packages tailor made for you. You will need to make sure you have Workers compensation, which legally prepares you if an employee gets hurt on the job. You might need to consider Employee life insurance, which could include employee benefit options in your existing insurance portfolio which might save you money in the long run.

Equipment Breakdown coverage

We know how stressful it is when equipment breaks down at work and causes a work interruption. This coverage will help you financially if your equipment breaks down and results in a loss of income. Property insurance doesn’t cover due to system failure, wiring problems, etc. This coverage helps you prevent business interruptions.

Business Insurance is absolutely necessary. If you have any employees, certain types of insurance, including workers’ compensation and disability insurance, may be required by law. You will also be required to have insurance if you have a company car. Business and Commercial insurance coverage is a stipulation of getting a business loan, lease, supplier or customer contract or a state or local business license.

In a lot of cases, there are no laws, rules or regulations that mandate business owners make smart choices about protecting their businesses properly. As a result, a great number of small businesses don’t have insurance, which is alarming. Why? Many small businesses go without insurance because of the cost. But they haven’t carefully considered what not having insurance could cost them.

Employment practices liability

There are multiple employment related coverages that are available. Employment practices liability will protect you if an employee sues you for mistreatment. Workers compensation will help you out if an employee gets hurt on the job and will need compensated. Employee life insurance is also available. Many company owners are concerned about Business continuation and succession planning in case of a business partner or key executive falling ill or dying unexpectedly. We would want your company to survive that loss.

There is a lot to consider for start-up businesses too. If you’re thinking about starting a business, you know there are a lot of risks. You are a leader and your entrepreneurial spirit is not only admirable but it’s critical to keeping our economy going. At the same time, it’s smart business to limit your risks as much as you can. That’s where business insurance and solid advice from Michael Bodnar of Gordon Tower Insurance come into play.

Commercial Umbrella

If you feel your business needs some extra coverage, an umbrella policy may be right for you. Increasing your liability limits will allow you to feel a sense of reassurance that you will be protected financially if you get involved in an accident or lawsuit.

The reality is that all businesses face risks that could be financially devastating without proper insurance protection. Certain businesses are higher risk. If you’re opening a scuba diving school, your business risks are going to be a lot more substantial than if you’re opening up an independent bookstore. But no business is entirely immune to risks. Some of the risks are from nature like disasters caused by tornados, floods or fires. Other are man-made or human factor, like theft by an employee, employee accidents, death of a business partner or key executive, false advertising or copyright infringement, malpractice or negligence, product-related injuries or accidents, data breach, and other type risks.

With inadequate insurance coverage, any of these situations could hurt your business and also could jeopardize your personal assets, resulting in you having to close your doors much more quickly than you opened them. We are here to advise and protect you from that. We don’t want the hard work you have done to go to waste and will make sure your business is covered. Gordon Tower Insurance will help you secure the right insurance for your company.