Many businesses, from home improvement contractors to auto dealers, are required to provide a financial guarantee on behalf of the business or its employees. These could range from a professional trade license, payment-performance bonds on construction projects, or as a fiduciary involved in real estate/property management. 

Property and Casualty insurance also includes several types of insurance.  Casualty coverage for small businesses ranges from general liability, worker’s compensation, errors and omissions insurance, to cyber liability. The property portion of this insurance includes buildings, offices, equipment, or tools that are the property of your business.

Almost every state requires an employer to retain workers’ compensation coverage. This coverage protects employers & employees from the expense associated with medical costs, disability, and rehabilitation arising from a work-related injury or death. While worker's compensation can be a significant expense for some businesses, Old Line Insurance will show you the many cost-saving measures available. These include proper classification & review of your employee’s job duties, experience mod review/management, benefits of drug testing program, OSHA certification for risks in construction, and monthly reporting of payroll for better cash flow management. As a business owner, you and your employees deserve the best return from your work comp provider. 

With most business being online, protection against cyber incidents is imperative.  Whether you fall victim to a network security failure or suffer a privacy incident, coverage is essential.  These policies cover your costs incurred in defending and damages assessed in various cyber events.

General Liability is crucial for every business. This is your first line of defense regarding lawsuits against bodily injury & property damage arising from premises owned/leased and from your work, product or service performed. In addition, coverage is included for contractual liability. Most businesses enter contracts for lease of property and/or equipment. Construction businesses may enter into sub-contract agreements. All require careful review to determine coverage. 

Commercial Property coverage provides protection against direct physical loss to your business assets. Property insurance is often overlooked. As a first-party coverage, the main beneficiary is YOU the business owner. Old Line Insurance will take the time to explain the various forms available and work with you to ensure you have the proper limits required. 

The ownership of or use of non-owned vehicles present a significant exposure to lawsuits for every business owner. Whether your business has a fleet of trucks or employees use their own vehicles for your business, let the knowledge of Old Line Insurance guide you in determining your commercial auto liability exposure. 

Most general liability policies contain an exclusion for ‘Professional Services’. Professional liability (also known as Errors & Omissions) coverage is required for businesses that provide design services (Engineer, Architect, Information Technology, etc.) or render a professional opinion (Attorneys, Doctors, Accountants, Inspectors, etc). These policies provide coverage for the cost of legal defense, judgments, settlements, allegations of misrepresentation fines, and fines for failure to perform and breach of professional services.