Protecting local government, schools and utilities
Minimize the impact trouble can bring, so you can focus on serving the community who is depending on you.
Your job includes protecting your entity, board, employees, property – and also your organization’s reputation. Our team helps hundreds of organizations similar to yours navigate the unique insurance challenges you face. As a public entity, the community is counting on you, and in case of disaster, you need insurance coverage to help you get back to doing what you do as quickly as possible.
With Peel & Holland as your advisor, you get a team of professionals who regularly review your unique needs and keep your coverage up-to-date. We’ll help keep you compliant with regulations too.
GET EXPERT ADVICE IN ALL AREAS OF COVERAGE
Commercial Property Insurance can pay for business property that is stolen, damaged or destroyed. That property typically includes:
- Your Building –usually means the structure, but it can include permanently installed fixtures, machinery, and equipment
- Contents of Your Building –includes items that can be easily taken out, such as inventory, office equipment and supplies
- Other People’s Property – includes items that are left in your care, custody or control
Most Property Insurance pays when your stuff is damaged by common problems like fire, theft, or windstorms. However, some things that cause property damage such as floods and earthquakes are often excluded. You’ll also want to consider coverage for business income loss. We will make sure you’re properly covered, or at the very least, that you understand your risk.
If a vehicle your business owns is involved in an accident, your Commercial Auto policy can pay for the other person’s injuries and property damage. It can also pay to repair a vehicle damaged by theft, weather events, and vandalism. Types of Commercial Auto coverages include:
- Liability – covers the physical damage (the other person’s car) and also bodily injury and most states (including Kentucky) require by law that you have this
- Uninsured Motorist – coverage if your employee is involved in an accident where the at-fault party does not have auto
- Medical – where liability coverage would pay for any injury (or for the other party involved if you are at fault), medical coverage does the same for your employee
- Physical Damage – protects you against theft, vandalism, certain weather-related damage (e.g. hail) and accidents and pays to repair damage to your vehicle
What does it not cover? That’s where we come in as your advisor to make sure you know your risk and what Commercial Auto Insurance does and more importantly, does not cover.
Workers’ Compensation laws protect people who become injured or disabled while working at their jobs. In most states (Kentucky included), having Workers’ Compensation insurance is required by law. It’s a liability insurance policy that helps your business do three things:
- Pay for medical expenses and replacement wages when employees are injured at work
- Comply with your state’s Workers’ Compensation laws
- Pay for legal expenses if an employee sues over a work injury the policy doesn’t cover
While required by law, this policy actually spreads the actual cost of employee injury out over time. Because you may pay $2-3 to the insurance company for every dollar it pays out for employee injuries, it’s one of the highest costs your business has to manage. So, it’s imperative you have an advisor who can help you control this expense by implementing strategies to prevent and manage claims.
By definition, liability is the state of being responsible for something by law. For business owners, your responsibilities can be wide ranging and, the risk of being sued is always looming. Each business’ situation is unique, however common liability coverages needed (or in some cases, required) are the following:
- Commercial General Liability – coverage for customer injuries, customer property damage, and lawsuits relating to both of these. It can help pay for immediate medical expenses as well as legal costs if an incident leads to a lawsuit.
- Professional Liability (Errors & Omissions) – financially protects your company from lawsuits over your job performance. Any business that involves technical training or specialized services can get sued when someone alleges your services are to blame for their financial losses.
- Employment Practices Liability Insurance (EPLI) – covers defense costs and damages related to employment-related claims including allegations of wrongful termination, discrimination, workplace harassment and retaliation
As with all insurance, your liability risks are unique to your business and industry, thus it’s important to have an advisor who can help you understand areas of vulnerability and recommend what coverage your business needs.
Your employee benefits package plays a key role in attracting and keeping the best employees. However, managing the benefits, staying on budget, and supporting your staff is more complex than ever before. We will uncover the factors unique to your organization and design a plan with the well-being of your employees in mind, while helping you to contain costs.
- Medical | Dental | Vision– typical insurance coverages offered to protect employees and dependents
- Group Life – protection for employees beneficiaries in the event of loss of life
- Disability – additional support to help with technology, enrollment, claims and compliance
- Enhanced Benefits – offer coverages that go over and above the standard medical coverages
- FSA | HRA | HSA – provide financial benefits to your plan participants to manage their portion of premiums or out-of-pocket expenses
- Cafeteria Plans – give employees options they can individually elect to enhance their coverage needs
- Value-Add Services – additional support to help with technology, enrollment, claims and compliance
- Wellness – custom programs designed to improve employee productivity and boost morale
GET CUSTOMIZED COVERAGE
We ask questions to learn all we can about your organization, and then develop a custom insurance plan that addresses your unique situation.
CONTAIN YOUR INSURANCE COSTS
We bring you exclusive access to association plans along with many carriers to ensure your organization is properly covered at a cost that fits your budget.
MAKE THE TRANSITION EASILY
We do all we can to make the transition to new policies painless, striving to eliminate any interruption for your team or your employees.
PUBLIC ENTITY RISKS ARE DIFFERENT
Your public entity is significantly different than a business, and your risks are too. At Peel & Holland, we utilize a number of tools to first understand your organization, your needs and your goals, and then we analyze your current insurance program. We compare current coverages to local and regional benchmarks and identify the factors driving costs in your current plan. We are then able to recommend strategies to give you the peace of mind and protection you need.