Commercial Insurance
Business Owners Insurance in New Hampshire
As a business owner in New Hampshire, you strive to make decisions that are right for your business, your employees, and yourself. This includes decisions about business insurance in New Hampshire. You know you need excellent coverage. You don’t, however, have time to become an expert in business insurance. That’s where Summit Brokerage in Portsmouth, NH, can help you with a business owner’s insurance policy.
A Business Owners Policy (BOP) combines property, liability, and business interruption coverage for small to medium-sized businesses. This packaged coverage is generally less expensive than purchasing coverage separately. With a BOP, you have the ability to customize the policy to meet your individual business needs.
Perhaps you require general liability coverage that includes operations. Or, you need to add business auto coverage or commercial property insurance. Whether you are a home-based business, small service provider, or contractor, Summit Brokerage will work with you to find the right combination of business insurance coverage to meet your specific needs. Contact us today!
Supplemental Coverage Available
- Extended liability for additional insureds.
- Debris removal, personal property.
- Tools and equipment.
- Valuable records protection and accounts receivable.
In addition to advising you on the right coverage, we provide additional services, such as:
- Loss Prevention Programs—With our insurance company partners, we can evaluate your business’s current conditions and recommend ways to lower property, auto, workers' compensation, or liability losses. Lower losses will not only lower your insurance costs but also increase your productivity by avoiding downtime.
- Quick Claim Response—When you do have a claim and require fast and fair service, we work with you to make that happen. That’s why we only represent companies with excellent records for settling claims fairly and promptly.
- Competitive Rates—many of the insurance companies we represent specialize in insuring specific types of businesses or industries, offering special coverage and pricing.
To see if your business qualifies for one of these special programs, contact Summit Brokerage for more information. Give us a call at (603) 427-8969.
Commercial Property Insurance
Serving the unique needs of businesses in New Hampshire
One of the most common types of business insurance in New Hampshire is commercial property insurance. This coverage provides a wide range of coverage for buildings, inventory, equipment, tools, and more. Losses from fire, break-in, vandalism, windstorm, and other natural or manmade disasters are examples of what is typically covered.
A basic commercial property insurance policy may be all you require, although the types of coverage can vary between different insurance companies. As an independent agent, Summit Brokerage can help you determine the type of insurance policy and range of coverage that is right for your business. For a full list of coverage available or to learn more about this product, contact us today.
What do you need to know about commercial property insurance?
Building
Do you own a commercial building? If so, do you have enough commercial property insurance to cover replacement costs? Although cost estimators are available, we recommend that you secure an appraisal from a third party to accurately determine the current replacement cost of your building. Give Summit Brokerage a call today at (603) 427-8969, and we’ll help you determine if you have enough commercial property insurance for your business.
Flood
Most commercial property policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect you from resulting damage. Check your current property insurance policy to be sure you are covered. If you’re unsure, just ask Summit Brokerage to review your coverage, and we’ll help you find the right solution. Call us for insurance for floods in Portsmouth, NH, or anywhere in New Hampshire, Maine, or Vermont today.
Business Personal Property
Business personal property insurance covers property at a specified location for furniture, fixtures, equipment, and inventory. Be aware that most commercial property policies have very limited coverage for property taken off the specified location. If you have equipment that is frequently taken off-site to various locations, it is important that you have an inland marine policy (equipment or installation floater).
Business Income (Business Interruption Coverage)
This insurance coverage reimburses a business owner for lost profits and fixed expenses during the time that a business is closed. It applies while the premises are being restored because of damage from an event, such as a fire. Business income insurance may also cover financial losses that occur if civil authorities limit customer access to your neighborhood or business after a disaster. Summit Brokerage strongly recommends that all businesses acquire this coverage.
Electronic Data Processing (EDP)
This coverage is separate property coverage specifically designed to protect your computer-related equipment. Most commercial property policies have limited coverage for computer networks. EDP broadens the causes of loss to include things like power surges and, in some cases, virus attacks.
Based in New Hampshire, Summit Brokerage understands the business insurance needs of our customers. The right coverage for you is unique—call us at (603) 427-8969 or email us today to find out how to protect your business and your future with the right insurance.
Commercial Umbrella Insurance
If umbrella policies are good for individuals, then they are imperative for businesses. When a catastrophic liability loss occurs, a commercial umbrella insurance policy can mean the difference between a business surviving or not. Protect your business with commercial umbrella insurance in New Hampshire from Summit Brokerage in Portsmouth, NH.
The rising costs of lawsuits and judgments are important for today’s business owner to consider. Catastrophic liability losses can happen to any business at any time, and a commercial umbrella policy protects you when those losses exceed your basic liability coverage. The time and effort you have taken to build your business are too significant for it to disappear after one unforeseen event. Call Summit Brokerage at (603) 427-8969 today about a commercial umbrella insurance policy.
What you need to know about commercial umbrella insurance
Commercial Umbrella helps you protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards, Summit Brokerage recommends that your business insurance program include this coverage.
What is Excess Liability Coverage?
This coverage provides extra liability limits over an umbrella policy. This coverage typically follows the terms of the first underlying insurance policy.
Who needs Excess Liability Coverage?
Higher limits may be necessary for businesses with high loss potential, high profile, sizable sales, numerous assets, large auto fleets, worldwide presence, and significant public exposure.
Talk to Summit Brokerage today about your business operations, and we can advise you on what kind of liability coverage you need to protect yourself and your company. Just give us a call at (603) 427-8969, and we’ll help make sure you’re covered.
General Liability Insurance in New Hampshire
Protection for the businesses of New Hampshire.
General Liability Insurance New Hampshire General liability Insurance, also known as “commercial liability insurance,” is a broad commercial insurance policy that covers general liability exposures of a business. Coverage typically includes the product. Summit Brokerage recommends that all businesses have general liability coverage in place.
Portsmouth, New Hampshire – What you need to know about commercial liability insurance.
Take a look at the list below for additional general liability coverages that are often available.
Professional Liability Insurance (Errors & Omissions)
Errors & Omissions (E&O) covers professionals for negligence and errors or omissions that injure their clients or cause damage to a third party’s data. This type of insurance is particularly important to licensed professionals such as accountants, attorneys, insurance agents, architects, engineers, and technology companies. Summit Brokerage recommends that all professional and technology companies have E&O coverage.
Employment Practices Liability Insurance (EPLI)
Employment Practices Liability Insurance for employers covers employment-related liabilities other than on-the-job injuries. This can include legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights. If you have employees, Summit Brokerage recommends considering this type of coverage.
Directors and Officers Insurance (D&O)
D&O covers directors and officers of a company for negligent acts or omissions and for misleading statements that result in lawsuits against the company. There is a variety of Directors and Officers coverage available, such as corporate reimbursement coverage, personal liability, and entity coverage. D&O policies may be broadened to include coverage for employment practices liability as well.
To find out more about these, as well as other products and services, call Summit Brokerage at (603) 427-8969, and we’ll help make sure you’re properly covered with a General Liability Insurance Policy in Portsmouth, NH, or elsewhere in New Hampshire.
Commercial Auto Insurance in New Hampshire
Commercial auto insurance can cover a combination of vehicle types (trucks, cars) and drivers, as well as some types of motorized equipment. It provides for bodily injury liability and property damage while operating a company automobile, medical payments, or Personal Injury Protection (PIP) for the driver and passengers of the policyholder’s car. Injuries or damage to someone else are also covered.
Hired/Non-owned Auto Liability
Are you renting cars, or are your employees using their own vehicles? This particular coverage provides business insurance coverage for certain liabilities arising from the use of a rented or leased vehicle (hired) or a non-owned vehicle (employee using their own vehicle on company business). Oftentimes, this coverage can be added inexpensively to a business auto policy or, in some cases, a general liability policy.
Use of Personal Vehicles
Insurance policies for privately owned vehicles may not cover damage to your privately owned car or truck when it is used for business, even home cosmetics, jewelry sales, or a pizza delivery business.
Every business is unique—talk to Summit Brokerage today to find out how to get commercial auto insurance, service, price, and value. Give Summit Brokerage a call at (603) 427-8969.
Errors & Omissions Insurance
Errors & Omissions Insurance in New Hampshire protects your company from claims if your client holds you responsible for errors or the failure of your work to perform as promised in your contract.
Coverage includes legal defense costs—no matter how baseless the allegations. Errors & Omissions Insurance will pay for any resulting judgments against you, including court costs, up to the coverage limits on your policy.
Professional liability errors & omissions insurance coverage is NOT provided by a commercial general liability policy and does NOT provide coverage for errors, contract performance disputes, or any other professional liability issues.
Companies that have general liability without professional liability errors and omissions insurance coverage are taking a serious risk; it's like a doctor practicing medicine without malpractice insurance.
Errors and omissions coverage insures not only your mistakes but also the mistakes of the employees and independent contractors you hire, and might save you from extreme embarrassment, a lost client, or worst of all, a bad reputation.
Give us a call today for more information on errors and omissions coverage insurance quotes.
Workers Compensation Insurance New Hampshire
Workers’ compensation insurance coverage in New Hampshire pays for medical care and physical rehabilitation of employees injured at work and helps to replace lost wages while they are unable to work. Additionally, this coverage protects an employer from being sued by an injured worker in most cases.
Summit Brokerage can help your business find complete solutions to your unique workers' compensation insurance needs. We’ll find solutions that create safer and more productive workplaces, more confident and secure workers, and overall savings you’ll see on the bottom line.
Coverage for office workers using their own vehicles on company business is often needed as well. If you have employees, it is critical that you consider this workers' compensation coverage.
New Hampshire—What you need to know about workers' compensation insurance
Some workers' compensation coverage can include:
- Innovative payment systems
- Medical disability case managers
- Utilization management nurses
- Certified life care planning nurses
- Vocational rehabilitation consultants
- Physician consulting services
- Legal staff
- Contracts with medical network providers
- Managed prescription drug program
To find out more about workers’ compensation insurance and other products and services, contact us today by calling (603) 427-8969.
Contact Summit Brokerage
10 Vaughan Mall, Ste. 203A
Portsmouth, NH 03801
(603) 427-8969
(603) 427-8635
Send Email Request
Mon - Fri: 9:00 AM – 5:00 PM
Also By Appointment
Mailing Address
P.O. Box 133
Haddam, CT 06438
