40 East Main Street
P.O. Box 509
Pittsboro, In. 46167
Phone: 317-892-3943
317-892-2598
888-299-2530
Fax: 317-892-4198
Businesses present unique exposures for insurers, so it is harder to generalize about coverages. The categories of policies listed below are only an outline of the coverages available through our carriers.
Whatever your commercial insurance needs, we can design a protection program that's right for you.
Gadberry & Associates provides the following types of business insurance protection:
Auto - Commercial Business Owners Package
Business Interruption Commercial Property
Commercial Umbrella Contractor's Liability
Directors & Officers Liability Employment Practices Liability
General Liability Hotel & Motel Hospitality
Investment Property Kidnap & Ransom
Liquor Liability Medical Malpractice
Product Liability Professional Liability (E&O)
Property Liability Restaurants
Special Event Surety Bonds
Technology Insurance Wholesalers & Distributors
Workers' Compensation
Auto - Commercial
A commercial automobile insurance policy is required under most circumstances when the vehicle is used for business purposes and meets certain other requirements. It is not just the registration that determines the requirement for a business automobile insurance policy. Other requirements are ownership by a corporation, use in hauling goods for hire, and gross vehicle weight of the vehicle. Some small trucks can be owned and insured under a personal automobile insurance policy under specific circumstances.
Commercial automobile insurance policies are not regulated in pricing, as are private passenger policies. There is price competition between insurance companies for good commercial automobile insurance.
BOP (Business Owners Package)
Business Owners Package policy, commonly called a "BOP" contains many of the insurance coverages needed by most small businesses. While these policies are not standard, there is great variation from insurance company to insurance company; there are certain common elements. The basic BOP offers business property for both building and contents, and liability insurance protection for the operation of your business. This liability protection will generally include both the operation of your business, at its established location, and the liability from your products or completed operations.
Some, but not all of the policies, will also offer business income and extra expense protection after an insured loss. BOP policies do not contain all of the coverages needed by a small business. Notably they do not cover any workers' compensation, professional liability, or business vehicle coverage.
Commercial Property protects your business against the loss or loss of use of company property. "Property" can include a variety of types: lost income or business interruption, buildings, computers, money, and valuable papers.
Contractor's General Liability insurance is for residential and commercial builders, general contractors, construction managers, design and build firms, specialty contractors or subcontractors, owners or public and private construction projects.
We offer contractor policies for every type of project:
Property Builders risk insurance and course of construction
Liability insurance General liability insurance
Contractor insurance Commercial auto
Umbrella Workers'compensation
Railroad protective Equipment insurance
Contractor bond
Most package policies provide a liability insurance limit of $1 million for any one loss and $2 million in any one year. For many businesses, this limit is inadequate for real economic security. As a result, additional layers of protection in million-dollar increments are readily available in today's insurance market for most businesses
Directors and Officers Liability Insurance provides financial protection for the directors and officers of your company in the event they are sued in conjunction with the performance of their duties as they relate to the company. Think of Directors and Officers Insurance as a management Errors and Omissions policy.
Directors and Officers Insurance is often confused with Errors & Omissions Liability. The two are not synonymous; Errors & Omissions is concerned with performance failures and negligence with respect to your products and services, not the performance and duties of management. Generally it is a good idea to carry both Directors and Officers Liability Insurance and Errors and Omissions Liability Insurance
Practices Liability Insurance otherwise known as EPLI is insurance that helps protect you against claims from your employees that result from the general conduct of your business. Common examples of employee related claims include claims relating to:
Discrimination
Wrongful Discharge
Sexual Harassment
Hostile Working Environment
Wrongful Termination
Lack of Advancement
