Liability coverage
Liability coverage is a broad term for insurance that protects against claims arising from injuries and damage to others or their property. It covers legal costs and settlements if you're found legally liable, but it doesn't cover intentional or criminal acts. This coverage safeguards both third parties and policyholders against unintentional negligence.
What liability coverages we offer?
General liability, farm and ranch, employment practices, and more
Business Worker's Compensation
Workers’ Compensation Coverage
Workers’ compensation insurance is intended to provide coverage in the event of a work-related accident or illness. It protects employers by limiting their liability for workplace injuries and illnesses, while offering benefits to employees to help them recover. Each state has its own laws governing workers’ compensation; this FAQs section is specific to Colorado.
What are some claim examples?
- A restaurant employee burns himself while cooking and is taken to the hospital; his medical bills are covered by workers’ compensation.
- A warehouse employee injures her back while lifting heavy equipment; her physical therapy and other treatments are covered by workers’ compensation.
- An office employee trips down the stairs and breaks his wrist; X-rays, physical therapy, and other medical expenses are covered by workers’ compensation.
- A roofer falls from a two-story house while working; his medical costs, treatment, and a portion of his lost wages are covered by workers’ compensation.
What does worker compensation insurance cover?
- Workers' compensation provides coverage for accidents, injuries, illnesses, and deaths that occur as a result of work.
- Medical care and treatment include hospital bills, medications, supplies, and other related costs for treating work-related injuries or illnesses.
- Lost wages come into play when an employee needs time off to recover from a work-related injury or illness. In Colorado, workers' compensation typically covers two-thirds of an employee’s average weekly wage, with a cap on the amount.
- Ongoing care covers work-related injuries or illnesses that require multiple treatment sessions, such as physical therapy or multiple surgeries.
- Disability benefits assist with occupational injuries or illnesses that result in an employee being disabled, whether permanently, temporarily, totally, or partially.
- Repetitive injuries develop gradually over time, sometimes over months or years. For example, poor ergonomic practices can lead to repetitive injuries like carpal tunnel syndrome.
- Death benefits, which include funeral expenses and payments to an employee’s beneficiaries, are provided if an employee loses their life due to a work-related incident.
Business Umbrella
Umbrella coverage
Umbrella insurance offers an additional layer of liability protection by covering expenses that surpass the limits of your existing liability policies. Your general liability, business auto, and workers' compensation policies serve as your primary defense. However, if a claim exceeds the limits of these policies, an umbrella policy can provide the extra coverage you need.
Claim Examples
- A customer trips on a step at your restaurant and suffers injuries that result in a serious back problem. To recover their medical expenses, the customer sues you for $3,000,000, while your general liability limit is only $1,000,000.
- On the way to a job site, one of your employees causes a multi-vehicle collision in your business vehicle. The other drivers are suing your business for $1,500,000, but your business auto policy only has a limit of $1,000,000
- An employee improperly installed equipment in a client's home, leading to significant water damage. The costs to repair the damage exceed your general liability coverage limit.
Business Auto
Business auto
If you own, lease, hire, or use vehicles for business purposes in Colorado, it’s essential to have business auto insurance. This type of coverage includes many of the same protections as a personal auto policy, but it also provides additional safeguards tailored to business operations.
Comprehensive coverage
Collision coverage is optional and helps cover the costs of repairing or replacing your vehicle after an accident, regardless of fault. Collision is typically defined as "colliding with an object," which can include another vehicle or a stationary object.
Collision coverage
Collision coverage is optional and assists in paying for the repair or replacement of your vehicle if it's damaged in an accident, regardless of who is at fault. Collision is typically defined as "colliding with an object," which can include both other vehicles and stationary objects.
Bodily injury and property damage liability coverage
These coverages protect you if you're at fault in an accident and help cover the costs for injuries and damages caused to others or their property. Bodily injury coverage can help with medical expenses or injuries sustained by other drivers and passengers.
Business Property
Property coverage
Property coverage is a broad term for various types of insurance that protect your business-owned property. It covers assets like your building, business personal property, equipment, and cargo. This coverage helps pay for the replacement or repair of items that are damaged, stolen, or destroyed.
Request A Quote
Ensure your business's protection – request a quote now.