JL Martin Insurance Agency - Commercial Insurance

KEEP YOUR BUSINESS, YOUR PEOPLE AND YOUR ASSETS SAFE.

We have vast experience insuring property & casualty.

GENERAL LIABILITY
General liability insurance is essential to maintaining the financial health of any well-run business. We offer coverage options that are customizable, effective and affordably priced.

BODILY INJURY AND PROPERTY DAMAGE LIABILITY
Covered losses can include things like an injury from a slip and fall at your premises or worksite and damage to neighboring property.

MEDICAL PAYMENT
This coverage for medical expenses is for a covered bodily injury to a third party as a result of an accident on your premises or worksite.

PERSONAL AND ADVERTISING INJURY LIABILITY
This coverage can help protect you in situations such as when an employee speaks or publishes information that slanders or libels a person or organization, publication of material that violates a person’s right of privacy, copyright infringement, or wrongful eviction.

HIRED AND NON-OWNED AUTO LIABILITY
Protects your business in the event of an injury to an employee drives their own vehicle for business use.

EMPLOYEE BENEFITS LIABILITY
Liability of an employer for an error or omission in the administration of an employee benefit program, such as failure to advise employees of benefit programs. Coverage of this exposure is usually provided by endorsement to the general liability policy but may also be provided by a fiduciary liability policy.

DAMAGE TO PREMISES RENTED TO YOU
Applies to damage by fire to premises rented to the insured and to damage regardless of cause to premises (including contents) occupied by the insured.

EMPLOYEE DISHONESTY
You know and trust the people who work for you, but that trust may be misplaced. StatisticS show, one third of all employees admit to stealing from their employers. And we’re not talking about the pens and paper: The median claim for employee fraud is $175,000. With this coverage, your company’s assets are protected.

Coverages include:

Reimbursement for claim expenses
Loss of money, securities and other property while in transit
Loss from computer crime
Personal accounts forgery or alteration (including credit card instruments)

CLAIM SCENARIO:

EMBEZZLEMENT – $244,000

An employee altered company deposit slips after the owner of the company had approved them. The employee would prepare two deposit slips: one depositing funds into the company’s account, the other depositing funds into the employee’s bank account. The embezzlement continued uninterrupted for three years because the employee handled both bookkeeping and deposit activities for the company. The employer was forced to lay off several valued employees.

STOLEN INVENTORY – $345,000

A regional sales director took on additional inventory of products for alleged seasonal sales pushes. In reality, a portion of that inventory was sold “out the back door” unbeknownst to corporate headquarters. That same sales director had been named “Employee of the Year” several times over his 17-year career. 

WORKERS COMPENSATION
Provides wage replacement and medical benefits to employees injured in the course of employment.

We work to lower your premiums by:

  • Evaluating your current and potential MOD factors
  • Conducting safety surveys
  • Creating a safety culture

CYBER LIABILITY
Just about every business is at risk for cyber claims regardless of how small or large it is. Even if your business has taken precautions to insure security of data, you may not be keeping up with the most current threats. Safeguarding sensitive client data is something most businesses face. Every business needs to protect its assets with cyber insurance. We have companies that will offer this coverage as an added endorsement or a separate stand-alone policy.

Some common ways security breach can happen:

  • Loss or theft of papers or records from an office location
  • Online hacking of personal information of clients credits cards, date of birth or social security numbers
  • An office not properly shredding or disposing of records containing clients or employee’s personal information

EXECUTIVE RISK
Employment Practices Liability:
Coverage for employment injury that is caused by discrimination, wrongful termination, harassment, retaliation, unfair discipline, wrongful hiring, supervision, demotion, failure to promote, misrepresentation, defamation, libel, slander, disparagement or invasion of privacy and breach of implied contract.

Professional Liability:
As professionals operate in today’s increasingly litigious environment, you could easily be subject to allegations by unhappy clients who may feel they’ve been harmed by their actions or inactions. We provide exceptional professional liability/errors and omissions coverage that can be customized to the unique risks faced by an assortment of professionals.

Directors and Officers:
Coverage for defense costs and damages (awards and settlements) arising out of wrongful act allegations and lawsuits brought against an organizations board of directors and/or officers. Directors and officers are sued for a variety of reasons related to their company roles, including:

  • Breach of fiduciary duty resulting in financial losses or bankruptcy
  • Misrepresentation of company assets
  • Misuse of company funds
  • Fraud
  • Failure to comply with workplace laws
  • Theft of intellectual property and poaching of competitor’s customers