EMERALD CREEK INSURANCE AGENCY, LLC
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Business Insurance

Having the proper business insurance coverage at an affordable rate can make the difference between the success and failure of your business. Allow our commercial insurance experts to help guide you to success.

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What is Business Insurance?

Business insurance protects your investment by minimizing financial risks associated with unexpected events such as a death of a partner, an injured employee, a lawsuit, or a natural disaster. 

Business Insurance is a broad name for different coverages available to the business owner to protect against losses and to insure the continuing operation of the business. 

Major Types of Business Insurance

General Liability Insurance ​
  • A standard insurance policy issued to business organizations to protect them against liability claims for bodily injury and property damage arising out of premises, operations, products, and completed operations; and advertising and personal injury liability.
Commercial Auto Insurance
  • Covers cars, trucks, motorcycles, and other road vehicles owned by or operated within a business. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. Commercial auto insurance may also offer financial protection against theft of the vehicle and possibly damage to the vehicle, sustained from events other than traffic collisions.
Commercial Property Insurance
  • Covers risk of loss to an organization’s buildings or personal property. Usually includes buildings, personal property of the insured business or business owner, personal property of others on site and in the insured’s possession. Coverage can be provided on an all risk or specific perils basis.
Commercial Umbrella Insurance
  • Commercial Umbrella insurance is liability coverage that is in excess of specified other commercial insurance policies and also potentially primary insurance for losses not covered by the other policies. When an insured business is liable to someone, the insured's primary insurance policies pay up to their limits and any additional amount is paid by the umbrella policy (up to the coverage limit of the umbrella policy).
Professional Liability Insurance
  • Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance that helps protect professional advice and service-providing companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. Professional liability coverage sometimes also provides for the defense costs, including when legal action turns out to be groundless. 
Business Owner's Package
  • A Business Owner's Package (often called a BOP) is an insurance policy that combines protection from all major property and liability risks in one package. It typically combines all the basic coverages required by a business owner into one bundle. It is usually sold at a premium that is less than the total cost of the individual coverages. Business Owners Policies usually target small and medium-sized businesses and typically contain business interruption insurance, which provides reimbursement for up to a year of lost revenue resulting from an insured property loss.
Workers Compensation
  • Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.​​

Excess Insurance
  • Excess insurance covers a claim after the primary insurance limit has been exhausted or used up. For example, if the primary insurance coverage limit was $50,000 and the excess policy covered another $25,000, a claim of $60,000 would result in a $50,000 payout from the primary insurance and $10,000 from the excess policy. Excess policies, also called secondary policies, extend the limit of insurance coverage of the primary policy or the underlying liability policy. In other words, the underlying policy is responsible for paying any portion of a claim first before the excess policy is used. However, the underlying policy might not be a primary insurance policy but instead, could be another excess policy. Regardless of the type of insurance policy, the underlying policy pays before the excess policy.​

Bonds
  • A bond (also called surety bond) is an agreement between three parties - the principal (the person purchasing the bond), the obligee (the person who receives the benefit) and the insurance company. An insurance bond is not meant to pay for claims. It is meant to provide a financial guarantee that the person or entity purchasing the bond (the principal) will reimburse the obligee should the principal default, fail to fulfill its obligations, or a claim is made. In other words, an insurance bond is meant to prove or support the financial stability of the entity purchasing the bond. It affirms that the principal will be able to repay the bond company if it pays out a claim. In most cases, when bonds are written, loss isn’t generally expected. They are intended to work as an extra layer of protection just in case the bond purchaser (the principal) is liable for not meeting the terms of any work-related agreements.

Builders Risk
  • Builder’s risk insurance, also known as course of construction insurance, is a specialized type of property insurance that helps protect buildings under construction. It’s essential in helping protect construction projects, but can be complex and often misunderstood. However, having a properly structured builder’s risk insurance policy can be crucial. In fact, it will serve as the backbone of a successful risk management program. Builder’s risk insurance helps protect construction projects from property damage due to: Fire, Lightning, Hail, Explosions, Theft, Vandalism, Acts of God, like hurricanes.
​
Vacant Property & Land
  • Vacant land insurance is basically a form of liability insurance. It exists to protect you in case anyone gets hurt on your property— meaning it will cover their medical costs as well as your legal fees. Liability insurance does not protect the land or any structures on it.​

Pollution Liability
  • Environmental insurance (also known as pollution insurance or pollution coverage) provides coverage for loss or damages resulting from unexpected releases of pollutants typically excluded in general liability and property insurance policies. The losses or damages covered by environmental insurance usually arise in the form of claims against insureds for bodily injury, property damage, cleanup costs, and business interruption. Standard general liability and property insurance policies exclude most losses connected to pollution with very few exceptions, such as from smoke from an out-of-control fire or fumes from a faulty heating or air-conditioning system
​Employment Practices Liability Insurance (EPLI)

  • EPLI covers businesses against claims by workers that their legal rights as employees of the company have been violated. The number of lawsuits filed by employees against their employers has been rising. While most suits are filed against large corporations, no company is immune to such lawsuits. Recognizing that smaller companies now need this kind of protection, some insurers provide this coverage as an endorsement to their Businessowners Policy (BOP). An endorsement changes the terms and conditions of the policy. Other companies offer EPLI as a stand-alone coverage.

Inland Marine
  • Inland Marine insurance provides financial protection for a business’s property that is transported on land. This can include equipment, products, parts and materials being shipped “inland” by automobiles, trucks and trains. Coverage extends to property that is owned or in a business’ care related to construction, transportation, fine art and renewable energy.​

Special Events
  • Special event insurance, also known as one-day event insurance, can help protect you from financial loss for a specific occasion, such as a wedding. You can get two types of event insurance through Event Helper:
  • Liability: The most common type of event insurance, liability insurance protects the event holder and the venue in case of claims resulting from property damage or injuries that occur during the event.
  • Wedding Cancellation/Postponement: Available when you purchase liability insurance for your wedding, cancellation insurance covers costs in case you unexpectedly need to cancel. Plus, you can add wedding insurance coverage for certain items, such as cakes, dresses, and more.​

Directors & Officers (D&O) Liability Insurance
  • Directors and officers (D&O) liability insurance is insurance coverage intended to protect individuals from personal losses if they are sued as a result of serving as a director or an officer of a business or other type of organization. It can also cover the legal fees and other costs the organization may incur as a result of such a suit.​

Home Based Business Insurance
  • Millions of self-employed professionals operate their businesses from home and rely on their homeowner’s insurance policies to provide protection for their home based businesses. While your house is protected, your important business files, equipment and operations may not be. To properly secure your home business, you should seriously consider home based business insurance. In fact, using your home for activities your insurer isn't aware of (like operating a home based business) may invalidate your homeowner’s policy, leaving both your home and business at risk.

Cyber Risk Insurance
  • Cyber liability insurance is an insurance policy that provides businesses with a combination of coverage options to help protect the company from data breaches and other cyber security issues. It's not a question of if your organization will suffer a breach, but when. Cyber insurance policyholders can also access tools and resources to manage and mitigate cyber risk — pre-breach and post-breach.

Truckers General Liability Insurance
  • A growing number of risk managers require for-hire truckers to have Trucking General Liability Insurance. It pays for injuries or property damage you cause as a result of business activities NOT directly related to operating your truck.

​
  • Contact us to learn more about the right business insurance for you.
(208) 245-1000
​73 Homer Dr.
Saint Maries, ID 83861​
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Licensed in: Idaho, Montana, and Washington


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Emerald Creek Insurance Agency, LLC
73 Homer Dr.
Saint Maries, ID 83861
Local: (208) 245-1000​
Click Here to Email Us

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  • Home
  • About Us
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • News
  • Quotes
    • Auto Quotes >
      • Auto Insurance Quote
      • ATV/UTV Insurance Quote
      • Motorcycle Quote
      • Snowmobile Quotes
      • Trailer & Camper Quotes
      • Boat Insurance Quote
      • Classic Car Insurance Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
      • Umbrella Insurance Quote
      • Manufactured/Mobile Home Insurance Quotes
      • Vacant Dwelling Insurance Quotes
      • Condo Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Commercial Auto Quotes
    • Life Quotes >
      • Life Insurance Quote
      • Final Expense Insurance Quote
  • Insurance Products
    • Vehicles >
      • Auto Insurance
      • Snowmobile Insurance
      • ATV/UTV Insurance
      • Boat Insurance
      • Trailer & Camper Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • RV Insurance
    • Property >
      • Home Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
      • Umbrella Insurance
      • Vacant Dwelling Insurance
      • Condo Insurance
      • Manufactured/Mobile Home Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Commercial Auto Insurance
    • Life >
      • Life Insurance
      • Final Expense Insurance
    • Pet Insurance
  • Service
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Online Documents
    • Free Consultation
  • Contact