Commercial Insurance

The Coverages

• Cyber Liability & Data Compromise

  The threats modern businesses face are not the same as they’ve been in the past, particularly in the world of cyber liability and crime. Prosper Commercial can implement protection against:

  • Loss or damage to your businesse’s electronic data
  • Breach of customer, client & employees confidential data
  • Infecting others (often unknowingly) with damaging computer viruses
  • Cyber extortion & ransomware
  • Wire transfer fraud (often called social engineering)
• Employment Practices

  Employment Practices Coverage (often called EPL or EPLI) protects businesses from lawsuits by either employees (first party) or outside parties (third party) claiming their rights have been violated. This includes but is not limited to:

  • Sexual harassment
  • Discrimination
  • Wrongful termination
• Professional Liability / Errors & Omissions

  Professional liability coverage, sometimes called Errors & Omissions, fills coverage gaps for professionals not covered by General Liability. This coverage is often required either by contract or legislation.

  Prosper can help serve the needs of professionals such as:

  • Real estate agents
  • Property managers
  • Technology companies & computer programmers
  • Attorneys, accountants & consultants
  • Engineers, architects & more
• Workers Compensation

  Workers compensation insurance is designed to cover medical expenses and part of lost wages for employees who are hurt or become ill on the job. This coverage is often mandated by state law once a business surpasses a certain threshold of employees and, depending on which state you’re in, owners and officers may elect to be covered or not.

  Workers comp premiums coincide with employee’s payroll, and today’s policies offer more flexible payment options than ever before, including:

  • Standard payment options (10 pay, quarterly, monthly, annual)
  • Pay-as-you-go monthly reporting
  • Automatic payroll integration
• Property & Flood

  Property often represents a business’s greatest asset. Prosper can help protect your building and contents from:

  • Fire, theft, collapse & more
  • Equipment breakdown, including spoilage
  • Loss of business income or rental property income

  There are many forms of property we can insure, such as:

  • Buildings & warehouses used by your business
  • Buildings, offices, & warehouses rented to others (lessors risk / LRO)
  • Hotels, apartments, condo master policies & other habitational rentals

  Being close to the coast represents an even greater risk to business assets. Coastal exposure face increased risk of damage due to:

  • Wind damage from hurricanes, tornados and storms
  • Rising water, including storm surge & flood
• Commercial Auto & Fleet

  Commercial auto insurance provides both liability and physical damage coverage for the vehicles and trailers your businesses uses every day at the higher protection limits demanded by today’s market. This coverage includes:

  • Liability (protection for both property damage and bodily injury)
  • Comprehensive & Collision
  • Hired & Non-Owned
  • Uninsured & Underinsured Motorist
  • Auto Medpay

  We can help you correctly insure your:

  • Commercial Fleet – including trucks, vans, box trucks, flatbeds & rollbacks
  • Private Passenger Fleet – including everyday cars & SUVs used by salespeople & owners
  • Trailers – including utility trailers, covered trailers & mobile workstations
  • Classic & Antique Vehicles – with sentimental value to the business
• General Liability & Umbrella

  General Liability coverage isn’t just a box to check to fulfil certificate requirements, it’s the first line of defense in protecting your business from many types of lawsuits.

  General Liability coverage can help provide coverage for:

  • Bodily injury
  • Property damage
  • Damage to rented premises (similar to renters insurance for businesses)
  • Products & completed operations
  • Personal & advertising injury

  Does your business carry enough coverage to protect against lawsuits?

  A Commercial Umbrella is a cost-effective way to increase coverage for General Liability, Auto Liability, and Workers Compensation.

• Inland Marine / Installations Floaters / Mobile Equipment / Builders Risk

  Not all your assets stay on site. Mobile equipment, property in transit, property contracted for installation, and many other assets can be covered through a well-written inland marine policy.

  Ready to construct a new building, either for your business or a client? Builders risk policies are designed to cover property under construction, including both the existing structures and construction materials until the job’s complete.