Coverage for Commercial Risk
Business Owners Insurance Policy(s)
To protect your business property, income and financial assets, you’ll want a Business Owner’s Policy which combines important coverages into one (or you can have individual coverage per your needs), including:
- Business property insurance for help covering the costs to repair or replace your business’: Physical locations, Furniture, Computers, Inventory, Accounts receivable;
- General liability insurance to help protect your business from liability claims, such as: Bodily injury, Property damage, Advertising mistakes;
- Business income insurance, also known as business interruption coverage, can help replace revenue if you aren’t able to open your business because of damage caused by losses such as fires, burglaries, and/or weather-related losses.
Workers Compensation Insurance
LUCENT offers Workers Compensation Insurance. Worker's compensation insurance, also called workers' comp insurance, helps cover medical expenses and lost wages for business owners if an employee is injured or becomes sick. This coverage can include rehabilitation services and death benefits too.
Business/Fleet Auto Coverage
LUCENT offers Business Auto Insurance, which helps cover you and your employees if you’re in an accident while driving for work. We also have markets for Food Trucks, Mobile Medical Vehicles for transport or services.
Cyber Liability Coverage
LUCENT offers Cyber Liability and Data breach insurance for help covering the costs of responding to and managing data breaches. We can even help you with strategies to prevent them from ever happening.
Professional Liability Coverage
LUCENT offers Professional liability Insurance/Errors, Omissions coverage and Medical Malpractice coverage.
- Professional liability insurance is used in businesses to protect against claims of negligence.
- Professionals such as accountants and doctors use this insurance to protect themselves against client claims of negligence or malpractice.
- Professional liability insurance is also referred to as medical malpractice insurance or errors and omissions insurance, depending on the professional.
Builders Risk Insurance
LUCENT offers Builders Risk coverage. If you are a builder, or property owner building a home or other structure, there is coverage that can be tailored to your needs at each step of the construction process.
Flood Insurance
LUCENT offers Federal and Private Commercial Flood Insurance. Commercial Flood Insurance protects one of your biggest investments–your business–from damage caused by rising water. Floods often strike without warning‐destroying buildings, equipment, and inventory. If that doesn’t sound serious, you should know:
- Most business policies do not cover flooding.
- One in four businesses that shut down from a natural disaster never reopens.
- 90% of all natural disasters involve flooding.
- The most common form of federal disaster assistance is an interest-bearing loan.