Innovative Insurance Solutions

Commercial Insurance

iiS is here to serve you

better.

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Your business is our business.

We know your business is your baby. You nurture it. You give it all you’ve got because you believe in it. You want to protect it. That’s where we come in.

iiS cares because we’re part of the Appalachian community and we want to see our friends and neighbors thrive. We’re here to work with you and your business one-one-one to find innovative solutions that work. We partner with you and advocate for you. That means we go to bat for you when we see a premium hike or find new specialty lines and programs that will serve you better.

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Whether you need:

Auto/Trucking Insurance

Cyber Insurance

Employment Practices or
Professional Liability Insurance

Business Insurance

Workers’ Compensation

Health Insurance, Life,
Dental, Vision

…or virtually any other commercial
insurance need, we have you covered.

Our full list of commercial insurance coverage is below. Simply call or visit us at one of our two local offices or use our easy web form to get a quote today on any of these policies. We’d love to be your commercial insurance agency.

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113 Goff Mountain Road,
Suite 201
Cross Lanes, WV 25313

Toll Free:

Local:

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5362 Robert C Byrd Drive
Mt. Hope, WV 25880

Toll Free:

Local:

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Commercial Insurance Glossary

 We know insurance can be confusing. That’s why we’re here to help. We’ve put together a list of the types of commercial insurance we offer along with an explanation of each policy. Want to know more? Contact us to find out what policies fits your specific business.

Bonds are essentially loans taken out by companies and governments, with the promise that they will pay interest at specified intervals and to repay the principal amount of the loan at maturity. guarantee r, or lender, will be reimbursed for any financial loss resulting from dishonesty, failure to perform, and other acts.

 

 

Commercial auto insurance provides liability and physical damage protection for vehicles, such as cars, trucks, and vans that are used for business. Commercial vehicles require a separate policy because they’re typically exposed to more risk than personal vehicles.

A cyber liability insurance policy helps to protect businesses against losses caused by a data breach or other cyber events. These policies also cover claims resulting from a cyberattack or similar incident, such as the release of sensitive personal or business information. 

A workplace benefit that provides employee counseling services to help overcome any personal or workplace challenges. The employees enrolled in the program, as well as the topics discussed, are confidential. Employees can work with licensed, professional counselors to talk about challenges that may affect their work performance.

Health insurance typically pays for medical, surgical and prescription drug expenses incurred by the people who are insured by the policy. Health insurance may pay the provider directly or reimburse the person covered by the policy for expenses incurred due to illness or injury.

Long-term disability insurance replaces a person’s income if they become unable to work due to an illness or injury. It usually begins making payments after PTO or short-term disability benefits run out, with most policies requiring a waiting period of 90 to 180 days. And like the name implies, long-term disability policies have benefit periods of five years, 10 years, or even longer.

A specialized type of professional liability insurance that covers a physician from claims arising from disputed services that result in a patient’s injury or death. Almost all states and most medical systems require physicians to have medical malpractice insurance in place in order to practice.  

When the policy holder is unable to work for a short time because of sickness or an injury, a short-term disability policy will pay a percentage (usually 60 to 70 percent) of his or her income after all PTO hours have exhausted. There is typically a waiting period (also referred to as the elimination period in contracts) required before benefits kick in, and there is a limited amount of time benefits can be received.

Insurance providing money on behalf of the policyholder to pay because of bodily injury or property damage caused to another person and covered in the policy.

Vision insurance is a specialized medical policy health and wellness plan designed to reduce the cost of routine preventive eye care. Most policies also cover at least a portion of the cost for prescription eyewear (eyeglasses and contact lenses). Some insurance policies expand coverage include discounts on vision correction surgery as well as enhancements on eyeglasses, such as progressive or polycarbonate lenses.

Vision insurance is a specialized medical policy health and wellness plan designed to reduce the cost of routine preventive eye care. Most policies also cover at least a portion of the cost for prescription eyewear (eyeglasses and contact lenses). Some insurance policies expand coverage include discounts on vision correction surgery as well as enhancements on eyeglasses, such as progressive or polycarbonate lenses.  

A BOP policy combines property, liability, and business interruption coverages for small to medium-sized businesses. In many cases, this single policy costs less when compared to purchasing separate insurance policies.

A broad commercial policy protects a business against claims for property damage or bodily injury that occur as part of business operations. For example, if someone slips and falls while visiting a business office, or if an employee unintentionally damages a client’s property, general liability insurance will cover the costs of those claims. It also covers issues like slander claims or issues relating to copyright infringement.

A type of insurance that pays for treatment by a dentist. Dental insurance covers the cost of routine dental care along with accidental damage to your teeth. Coverage usually includes benefits for oral examinations and X-rays as well as preventive dental treatment.

Insurance that pays for medical care and physical rehabilitation of injured workers and helps to replace lost wages while they are unable to work. State laws govern the amount of benefits paid and other compensation provisions, and can vary significantly.

A policy that will pay a specified sum to beneficiaries upon the death of the insured.

MASA Medical Transport Solutions steps in where typical medical insurance ends. It covers out-of-pocket costs of emergency medical transportation for you and everyone in your household, regardless of the transport provider service. Coverage in all 50 states includes ground and air ambulance transportation.

Covers professionals for negligence and errors or omissions that injure their clients.

LegalShield gives the member the ability to talk to an attorney on any of his/her legal matters without worrying about high hourly rates. The monthly membership fee provides access to legal advice on any legal matter, no matter how traumatic or trivial the issue.

 

iiS can assist with your payroll services through one of our partners. We also offer this and more through our (PEO) Professional Employer Organization. Ask your iiS agent about this powerful human resources. solution that can handle your HR outsourcing, benefits and risk management needs.

Insurance that pays for medical care and physical rehabilitation of injured workers and helps to replace lost wages while they are unable to work. State laws vary significantly and govern the amount of benefits paid and other compensation provisions.

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Commercial Insurance FAQs

 We know insurance can be confusing. That’s why we’re here to help. We’ve put together a list of the types of commercial insurance we offer along with an explanation of each policy. Want to know more? Contact us to find out what policies fits your specific business.

CGL protects you and your employees from lawsuits involving covered events that occur on your premises or arise from your operations or the sale and use of your products.

CGL applies when someone included in your policy is involved in a covered incident while performing their job for the company. Examples of covered incidents are accidents at your business or at your worksite, damage resulting from the sale of your products or your completed work off-premises, and personal or advertising injury connected to your company’s operations. CGL does not cover damage to your property, premises you own, or injuries to your employees.

You can apply for the General Liability Plus Extension, which provides additional coverage for:

  • Damage to premises you rent
  • Fire, lightning, explosion, or sprinkler leakage damage
  • Increased payments for court-related expenses
  • Newly acquired or formed organizations

Business Insurance may be required by law depending on your situation. For instance, if you have employees, then you must have workers’ compensation insurance in virtually all 50 states. Some states require also require types of insurance, like professional liability insurance, specific to your industry. To find out what’s required for your business, ask your iiS insurance agent.

A certificate of liability is your proof of coverage. This document will outline what types of liability insurance you have as well as other important policy information. You may need this document when signing contracts or work with certain clients. You can obtain one by calling your iiS agent.

Directors and Officers (D&O) Liability Insurance protects board members and officers of an organization from causing financial harm to other parties due to managerial-type errors.

Hired auto liability insurance covers those vehicles you may rent, hire, or lease to use in the normal course of your business. If you cause an auto accident while driving a hired vehicle, the hired auto liability insurance covers the cost if someone sues your business.

If you’re like many business owners, you have employees who drive their own vehicles for company business. For example, it could be someone in the accounting department who drops off the nightly deposit on her way home, or an administrative assistant who stops in to pick up stamps over his lunch hour. Were either to cause a car accident   protects a business owner from liability for vehicles that are rented or hired in the name of the business and driven on behalf of the business. Non-owned auto liability protects an employer for vehicles driven that are not owned by the business to be driven on behalf of the business.

Any firm or sole practitioner who:

  • Leases space for business purposes
  • Owns a business property
  • Has office property or equipment
  • Has employees
  • Provides company cars to partners/employees
  • Handles client records or property
  • Handles firm or client cash/funds
  • Has clients visit their business premises

CGL covers you and your partners, co-owners, or directors; your spouse; and your employees and volunteers. Other parties like real estate managers and legal representatives can also be covered by CGL.

Personal and advertising injury involves damage arising from false arrest, detention, or imprisonment; wrongful eviction, entry, or invasion of privacy; slander or libel; oral or written violation of privacy; and the infringement of your advertisement on another’s copyright, trade dress, or slogan.

CLI protects a business from data breaches, where an outside hacker obtains sensitive information or third party data (like customer databases.) There is also coverage available for first-party protection, protecting the data and information from a cyber-related loss.

They are the same thing, even though the names are used interchangeably. The confusion lies because many business owners are under the impression that they need one or the other–or both. Some of the confusion may be because many relate “business insurance” to small companies and “commercial” to very large. The best way to think of this kind of insurance is as a single category that provides coverage for all types of businesses, large or small, one-person operations or nationwide companies. It is important to have commercial and business insurance for your company.

A general liability policy typically covers bodily injury and property damage to a third party as well as personal injury protection. In comparison, professional liability policies policies are designed to protect individuals and organizations from errors and omissions claims. Why? Because many businesses or practitioners provide expertise in their products and services and can (and should) be held to a higher standard of care.

When you think about what you may need when you start a business, the first thing that comes to mind is probably general liability insurance. Opting for a BOP, however, is a package of coverages designed to address your needs in an easy-to-purchase format. It includes a general liability policy to address the most common losses faced by a business, like those caused slips, trips, and falls. Having a BOP is important but it is only one of the many you may need to properly protect your business. That’s why it’s important to work with an insurance agent in the local West Virginia market who can help you determine the right policies for your unique business.

Typically, an insurance carrier will cover an uninsured subcontractor who acts “on your behalf” or within the scope of your operations. However, some may charge an additional fee for this service.

This policy covers business mistakes like services not provided when promised, that did not have the expected or promised results, resulting in a loss, or personal injury suffered by the person receiving those services. This type of insurance is also known as malpractice insurance (for medical practitioners) and professional liability insurance for practicing lawyers and other professionals.

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