You’ve invested so much into building your successful business. Let the Insurance Advisors of Saint Louis protect you from any monetary harm.  As a premier St. Louis business insurance company, we fully understand and cover a wide range of customers and companies.

St. Louis Business Insurance Agent

With the right business insurance plan, you can stop worrying and start taking care of more important things. Things like your business, even your home business. At Insurance Advisors of Saint Louis, we offer a variety of insurance plans that give you what you need. We get to know you and your business on a personal level and provide the highest level of service possible.

Business Insurance from Insurance Advisors of St. Louis

Let Insurance Advisors of Saint Louis answer your needs, calm your fears, and protect your ventures. We will do this with our business insurance coverage. We want to make sure you as a business owner are free of financial fears. This will help you plan for your future. Not only that but to make a plan for your business right now.

  • Gain the confidence to face each venture without financial fear.
  • Find a plan that takes stock of your business’s future and its present.

Commercial Insurance Coverages That We Offer

Contractors Liability Insurance

General Contractor Insurance

What is Contractors Liability Insurance?

Contractors Liability Insurance coverage is a version of Commercial General Liability insurance tailored to meet the specific needs of the Contractor risk.  It includes bodily injury and property damage coverage for claims arising out of the current operations of the contractor, as well as completed operations after the contractor has finished the job.

  • This policy usually includes claims arising out of the acts of sub-contractors who are working on behalf of the Contractor.
  • It does not include “Professional Liability” losses such as construction errors or losses arising from the design and/or engineering of a building or structure.

When it comes to construction and other contract work, we are talking about some of the most diverse work in different occupations possible. We know that when there is that much diversity your everyday job, you are more likely to run into quite a few more risks than someone who sits at a desk all day. Some construction stores or businesses and even some contractors do actually have storefronts. There is the potential of a customer to come in and possibly sustain an injury on your premises. But, most contractors do things like installing drywall or cabinets in someone’s home. When it comes to a contractor being in a client’s house you could be liable for the products, even if they cause harm inadvertently.

Having adequate contractors liability insurance in place to safeguard your contracting and construction business against the always growing risks of a potential lawsuit from an accident, injury, or even an illness is extremely important. Especially when you look how fast people sue in today’s litigious world.

How Contractors Liability Insurance Helps Offer Peace Of Mind

For anyone that is in the business of being a contractor or in the construction business, having general liability insurance gives you peace of mind. This peace of mind gives you and other contractors and their business the knowledge that they will have the necessary funds to continue daily operations. This is a protection for the contractor if they are ever faced with an extremely costly claim. You as the contractor and having general liability insurance covers the legal fees that can occur if legal fees ever pop up and could usually cause a bankruptcy to a small contractor. When it comes to the cost of paying attorneys, witness fees, other court expenses, and many more things that can arise from a lawsuit. God forbid, but if a lawsuit does ever happen the general liability insurance for your construction or contracting business can often mean the difference between closing your business and staying on your feet.

Contractors Equipment Insurance Coverage

Contractors Equipment Insurance Coverage is a property coverage ensuring large owned mobile equipment such as tractors, graders, front and skid steer loaders, and other specialized equipment. This coverage is also available for various types of smaller power and hand tools. Coverage is generally very broad including the perils of fire,   theft, vandalism, upset or collision, and covers the equipment whether it is on or off the insured’s premises.

St Louis General Contractors Insurance

Extend Your Contractors Equipment Insurance

Contractors Equipment-Insurance Coverage may be extended to borrowed or rented equipment. Any losses are subject to a deductible and generally paid on an actual cash value basis. In some cases, replacement cost coverage may be available.

Contact St. Louis Insurance Advisors  today and learn how easy it is to extend your contractor’s equipment insurance or to get it for the first time. You can call us at (314) 842-0960 and make an appointment to speak with one of our insurance agents face to face. Or by calling you can get a quick quote over the phone and not have to worry about coming in. Another way to get a quote is to fill out our get a quote form and we will get back to you with a quote as soon as possible.

Commercial Umbrella Insurance

Commercial Umbrella Insurance provides an additional layer of liability insurance, (Bodily Injury and Property Damage), over and above existing business liability policies, also known as underlying policies. Typical types of underlying policies would include Commercial General Liability, Contractors Liability, Business Owner, Business Auto, and Workers Compensation/Employers Liability. Coverage limits are usually offered in increments of $1,000,000 and any covered claims will typically be subject to a $10,000 Self-Insured Retention, (SIR), or deductible.

Commercial Umbrella Insurance Requirements

We offer commercial umbrella insurance through our independent insurance agents here in St. Louis, MO

The Commercial Umbrella policy will require specific types of underlying policies providing specific minimum limits of coverage in order for the Umbrella policy to apply. Generally, the Umbrella policy will only be involved when a claim on an underlying policy exceeds the policy limits, at which time the additional Umbrella policy limit will apply to that claim. If, at the time of loss, the involved underlying policy does not meet the Umbrella policy required minimum liability limits, the difference between the required minimum limits and the actual coverage provided by the underlying policy becomes a “deductible” for the Umbrella policy. As such, it is extremely important to maintain proper liability limits on the underlying policies.

Commercial Property Insurance

Commercial Property Insurance covers business owned property, including buildings, structures such as detached awnings, fences, signs, or sheds, and business personal property on premises such as furniture, fixtures, inventory, machinery, equipment, and tools. Coverage can also be added to include loss of Business Income and Extra Expense arising out of a covered property loss. Coverage is generally very broad, but usually location specific.

How Does Commercial Property Insurance Work?

Any covered losses will be subject to a deductible and settlement can be made either on an “actual cash value basis”, (also known as depreciated value), or on a “replacement cost” basis, depending upon the type of coverage purchased. Generally speaking, the “replacement cost” policy is more desirable but is usually only available when the property is insured in an amount equal to its replacement value.

Business Auto Insurance

What is Business Auto Insurance?

The Business Auto Insurance Policy is very similar in many respects to the Personal Auto Policy with which most of us have become familiar. Generally speaking, this policy is designed to provide insurance for trucks, vans, and private passenger autos that are company owned and used in the business for service or delivery of a product or materials.

What Does It Consist Of?

Similar to the Personal Auto Policy, the Business Auto Insurance Policy is made up of three parts:

  • Liability coverage including Bodily Injury, Property Damage, and Uninsured and Underinsured Motorist coverages. Coverage can generally be extended to Hired and Non-Owned/Borrowed vehicles.
  • Physical Damage coverage including Comprehensive and Collision coverages to insured vehicles.
  • Optional Misc Coverages including Medical Payments, Rental Reimbursement, Towing, and Loan/Lease Gap coverages.

Commercial General Liability Insurance

What is Commercial General Liability Insurance Coverage?

Insurance Advisors of St. Louis offers commercial liability insurance in the St. Louis area

Commercial General Liability Insurance coverage is the general form of comprehensive business insurance liability providing bodily injury and property damage coverage for claims arising out of the operations of the business. This type of coverage can be used for a variety of business risks ranging from retail and service risks to manufacturing and lesser building risks.

Where Does Commercial General Liability Insurance Apply?

This coverage may be location specific or may provide coverage away from premises depending upon the type of business. Coverage will generally apply to the products of and/or the completed operations of the business. Generally speaking, this policy does not include coverage for “Professional Liability” losses such as failure to provide a service or advice.

Insurance Advisors of St. Louis is a great place to find general liability insurance. This type of insurance is important for any business as you never know what type of issues you might run into if you are running a business. You might have an employee that gets into a car accident when at work or a bunch of boxes could fall onto an employee’s head and you would need to take care of that with insurance. It’s very obvious if someone has something like this happen to them, they are going to need to see a doctor and your business is going to be liable for their medical bills.

If you don’t have at least general liability insurance for your business then you will have a big bill ahead of you and there is a good job that you might face a lawsuit that could make your business go under. The fact is you don’t want to face a disaster like that, as a matter of fact, you should do everything to avoid it. Get an insurance quote today.

Business Owner Package Policy

The Business Owner Package Policy is similar in many respects to the Homeowner Policy with which most of us are familiar. This policy is not available to all business but instead is designed for the more preferred low-risk type businesses such as retail stores and service risks. The coverage similarities to the Homeowner Policy lie in that this policy incorporates building and/or contents coverage as well as comprehensive business liability coverages into one policy which generally results in a lower premium. The Business Owner Policy also includes valuable supplemental coverages such as Business Interruption/Extra Expense coverage, Money, and Securities coverage, and Mechanical Breakdown Coverage.

IASTL offers great business owner package policies sold by our independent insurance agents

For example, Business Interruption/Extra Expense coverage would provide coverage for Business Loss of Income and Extra Expense incurred as a result of a covered property loss. Usually, this coverage does not have a dollar limitation; but instead provides coverage for up to twelve consecutive months.

Money and Securities Coverage would provide limited coverage for loss of money and securities arising out of burglary or hold up or robbery.

Mechanical Breakdown coverage would provide limited coverage for mechanical breakdown of heating, cooling, refrigeration, computer, and office equipment owned by the insured client.

Surety Bonds

Surety Bonds are best described as a financial guarantee backed by a third party, the Bond company, also known as the Surety. Bonds are written in favor of the organization requiring the Bond, known as the Obligee, and will have a specific dollar amount and a specified period of time. A bond claim arises if the person or organization contracted to perform the job, known as the Principal, fails to do so as agreed and is subsequently unable to make financial restitution to the Obligee. In that case, the Surety company will make financial restitution to the Obligee up to the Bond limit.

Are Surety Bonds Insurance

Surety Bonds are often confused with insurance when, in fact, they are significantly different. Although insurance and bonds are both a financial guarantee backed by a third party, the Surety company, unlike an insurance company, has the right to recover from the Principal any losses paid to the Obligee.

There are many types of Bonds available, but the most common types are Contract, License, and Permit Bonds.

General Contractors Insurance

Contractors Liability Insurance coverage is a version of Commercial General Liability insurance tailored to meet the specific needs of the Contractor risk. It includes bodily injury and property damage coverage for claims arising out of the current operations of the contractor, as well as completed operations after the contractor has finished the job. This is one form of General Contractors Insurance.

  • This policy usually includes claims arising out of the acts of sub-contractors who are working on behalf of the Contractor.
  • It does not include “Professional Liability” losses such as construction errors or losses arising from the design and/or engineering of a building or structure.

General Contractors Insurance

Who Needs General Contractors Insurance?

By law, general contractors, contractors, and subcontractors are usually required to carry contractors insurance. Our partners at Progressive Insurance say that typical types of contractors insurance or general liability insurance include:

  • Construction Insurance
  • Carpenter Insurance
  • Plumbing Insurance
  • Cleaning Insurance
  • Electrician Insurance
  • Landscaping Insurance
  • Painting Insurance
  • Handyman Insurance
  • Snow Plow Insurance

Get Your Business Insured Today

Call us at (314) 842-0960 to get started with a St. Louis Business Insurance quote today, because we answer our own phones, so we look forward to speaking with you.

Let Insurance Advisors of Saint Louis be your go-to St Louis business insurance company. Click on the image below and fill out our form for a quote on your business insurance in St. Louis. Need a quote for another type of insurance, such as auto insurance or even renters insurance we can help.

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