Property & Casualty Insurance

In business, there’s no such thing as a standard property & casualty coverage. 

Even within a specific industry, there are innumerable variables that we must take into account in order to accurately assess the level of risk and potential loss.

For example, if you own a retail store, you have a higher risk of on-site injury claims by customers and loss of inventory due to theft or damage (imagine the fire sprinklers going off by accident).  

On the other hand, if you own an auto body shop, you have different concerns.  What if a star employee gets hurt on the job?  If a customer’s BMW is destroyed in a fire, will it be fully covered?  

We’ll start y asking a lot of questions and then precisely craft a solution just for you and your business.  

The types of insurance we recommend are: 

Property Insurance: 

Covers direct losses that occur when real property or equipment is damaged or destroyed by weather, accident or vandalism, or lost or stolen.  Policies may cover buildings, furniture, fixtures, inventories, business records, vehicles and other assets.  

Casualty Insurance: 

Protects you from personal injury or damage claims made against your company as a result of accidents that occur on your property or use of your services or products.

Business Owners Package: 

A Business Owners Package or BOP gives us the ability to build a customized insurance solution specifically designed to protect you and your company.  Types of insurance in a BOP include:  property, casualty, vehicle and loss of income.  

Commercial Umbrella Policy:   

In today’s world of multi-million dollar lawsuits a commercial umbrella policy ensures your company is better prepared to sustain a substantial loss.  

Business Auto Insurance: 

Whether you’re a sole proprietor commuting five miles to and from the office or if your company requires a fleet of service trucks or vehicles, we will provide a business auto insurance recommendation that ensures proper protection for you, your company and your employees.  Our carriers insure commercial vehicles permissible on public roads and thoroughfares including dump trucks, tractor trailers, trailers and all types of vans and automobiles.

Worker’s Compensation:  

A strong worker’s compensation plan helps you attract and retain good employees as well as a critical form of protection for the company.  Plans cover work-related bodily injury, diseases and death. Coverage typically includes medical and rehabilitation costs, loss of income and a death benefit.

 Management Liability 

Peace of mind and protection for you, your most valuable players and your business. 

Having the right management liability insurance in place protects your loyal executive suite from business-related lawsuits.  In addition, it’s a strategic tool that enables management continuity while supporting the company’s ability to attract top talent to the executive suite and board of directors.

We recommend management liability policies that protect your executive team and directors from litigation and cover them should they be the victims of criminal activity.  Examples include: 

Directors & Officers Liability Insurance: Covers business-related grievances and litigation against your most senior employees and board of directors

Employment Practices Liability Insurance Protects your employees and company from lawsuits arising from employee claims such as sexual harassment, discrimination, wrongful termination and retaliation.

Fiduciary Liability Insurance:  Provides coverage against claims of mismanagement of employee benefit plans including retirement, disability, profit sharing, health and life insurance.

Errors & Omissions Insurance: Mistakes happen.  E&O insurance covers your company in cases of employee negligence and errors.

Kidnap & Ransom Whether your business is domestic or involves overseas travel, Kidnap & Ransom insurance reassures your employees and their families that your company is prepared for the unimaginable.

Crime Insurance: More than ever, companies are vulnerable to internal and external fraud and theft that can cause devastating financial loss.  Crime Insurance coverage protects you from check forgery or alteration, theft of money and securities, burglaries, computer fraud, funds transfer fraud and other forms of financial crime.

Identity & Fraud:  Protects your senior management from identity theft and use of their identity to commit fraud.

Cyber Risk Insurance Covers your company in the case of data breaches that result in the compromise of customer, client or employee personal information.

Depending on your specific circumstances and level of risk, we will customize a Management Liability insurance recommendation that provides exactly the coverage that you, your senior managers and board of directors need.  No more, no less.

Automobile Insurance 

Auto insurance is much more than covering the costs of repairing or replacing cars. 

Today’s aggressive advertising campaigns would have you believe that the only thing that matters in auto insurance is price.  With SGI doing the legwork on your behalf, we’ll make sure you get the best price based on you and your family’s specific automotive needs.  Moreover, we can help you determine the most efficient insurance solution based on the number of vehicles you insure, the age of the drivers and how and what the vehicles are used for.

All automobile insurance begins with compulsory coverage that includes bodily injury to you and to others, injury caused by an uninsured automobile and damage to someone else’s property.  

Of course, we’ll also make sure your vehicle is covered as well as your automotive needs while it is being repaired or replaced.  Your policy should include comprehensive insurance (damage not related to a collision such as fire, a falling tree or a deer strike), collision insurance, towing and substitute transportation.

Homeowners Insurance 

Your biggest investment is also a big source of risk and liability. 

Your home is more than a building.  It’s the center of your life and with that life comes risks to you, your family, friends and visitors.

 We’re here to make sure you have the coverage you need to rebuild or repair your home should it be damaged by fire, weather or other causes.  But equally important, we’ll help protect you from potentially devastating financial claims in the case of a personal injury occurring inside your home or on your property.

We’ll recommend the proper level of coverage for your home as well replacement of your furniture, clothing, appliances and other personal items and furnishings.  And we’ll discuss the need for coverage that provides for living expenses in the event you are unable to inhabit your home while it is being repaired or rebuilt. 

We typically suggest a personal umbrella policy or PUP in addition to your basic homeowners policy.  This will provide coverage over and above your homeowners insurance with the principal goal of protecting you against major financial claims and lawsuits (think personal injury to a deliveryman or visitor.) 

Every homeowners insurance policy we create begins with a detailed conversation about your home and your daily activities.  Only then can we be sure we’re providing you with the right level of protection.

Life Insurance

Life insurance provides peace of mind.  Then again, all insurance companies say that.

What not all insurance companies are willing to talk about are some of the difficulties and opportunities (yes, opportunities) presented by life insurance. 

Difficulties may include policies that provide coverage for a disabled child or that must be bought as part of a divorce agreement.

Frank conversations about beneficiaries in this day and age of modern families are also necessary in order to ensure your wishes and plans are carried out. 

As for opportunities, today’s life insurance policies offer a variety of options.  For example, some work as an investment and grow in cash value.  You can even borrow against them to pay for college educations or a home remodeling.

We will sit down with you and discuss your specific situation, your goals and obligations, and then recommend the right life insurance coverage just for you.