Alternative Market

When traditional business insurance can't provide the solution for your risk management needs we have a number of alternative markets and options we can employ. We have different ways to manage risk intelligently through the use of higher retention, retention groups or captive insurance programs. Or we can use bonds and securities as an alternative means of transferring risk.

Bonds

Bonds come in several different varieties to fit different needs and situations. In general, bonds are meant to guarantee that one individual or entity will perform according to the specifications of a contract, ordinance or other requirement. Common types are Surety Bonds, Contract Bonds, Judicial and Probate Bonds and License and Permit Bonds.

Builders Risk Insurance - Course of Construction

Builders Risk Insurance is often used with a different term that describes what the insurance does - Course of Construction Insurance. Builders Risk Insurance/Course of Construction covers a building, and typically all materials during construction. Protection can be extended for the work of individual contractors, architects and engineers. Optional coverage can often be added for costs not directly related to construction such as marketing, loss of income and delayed completion.

Business Auto Insurance

Businesses from self-employed consultants to large organizations with fleets of trucks and specialty vehicles need commercial auto insurance. A commercial auto agent at the HL Group will analyze your business needs, and identify the best options for insuring your business auto exposures. The right insurance for your vehicles will protect your business when: Your business owns or leases vehicles Employees drive business owned or borrowed cars or trucks You have non-employees in your vehicle for business activities Find out what kind of vehicle insurance your business needs Contact the HL Group today to get a free quote and learn about your options for commercial auto insurance that will protect your business from property loss and liability claims...and fit your budget.

Business Owners Policy

A Business Owners Policy for your business, sometimes called a BOP, provides several important insurance protections for buildings, personal business property, business interruption, bodily injury liability and property damage liability. These policies are designed especially for small and medium sized businesses, and can be customized to fit the needs of a wide variety of commercial enterprises. Convenient options for insuring small and medium businesses. Let a business insurance agent here at the HL Group review your needs and provide you with several competitive premium comparisons. Getting the right policy with the right coverage limits is crucial to safeguarding your business from losses that could result in disaster. Contact one of the Business Owners Policy professionals at the HL Group for a no obligation insurance quote.

Commercial General Liability

Commercial General Liability Insurance is an essential business coverage that protects you and your business from claims and lawsuits against you in that might occur in the course of operating your business. Identifying potential business liability risks is something the HL Group has a lot of experience with, and we represent several commercial insurance companies, so we can provide you a range of options. Contacting a Business Insurance Professional at the HL Group is a step in the right direction when it comes determining your exposure to Commercial General Liability claims as well as establishing appropriate limits.

Commercial Package Policy

A Commercial Package is a type of business package policy that bundles coverage together for several things including liability, property, boiler and machinery, crime and other optional coverage. The options available create flexibility that allow a Package to be customized for most kinds of business.

Commercial Property Insurance

The purpose of business property insurance is to get your business up and running again quickly after a fire, theft, or other covered loss. What that could mean is repairing your building or replacing inventory, equipment or other business personal property. If you exercise the business interruption option, commercial property insurance can also replace lost income and pay suppliers while your business is being put back together after a covered loss and claim. Take the guess work out of insuring your business property The HL Group represents several, top rated commercial property insurance companies, so we can review a number of options for your business with different coverage options, limits, deductibles and credits. Contact one of our commercial property agents today and start protecting your business with confidence today.

Commercial Umbrella Insurance

Standard commercial insurance liability limits should be enough to protect your business from most situations where your business is charged with legal liability for injury or property damage. But it won't cover those catastrophic lawsuits and judgements that are increasing in frequency. Commercial umbrella insurance provides an affordable layer of excess liability insurance for your business above the limits provided by standard business liability policies and could mean the difference between staying in business or becoming a lawsuit casualty in situations like this:

• A company employee causes an accident that results in a permanent disability to the driver of the other vehicle.

Contractors Bonds (Contractors Surety Bonds)

There are several types of Surety Bonds for contractors: Bid Bonds, Performance Bonds, Payment Bonds, License Bonds and Supply Bonds are a few. In general, surety bonds assure a project owner that they can rely on contractor performance, ability to make payments to certain other parties (sub-contractors, e.g.), good faith bid submissions and so on. The issuer of sureties, usually an insurance company subsidiary, investigates the abilities of a contractor and, in the event of a valid claim, will make reimbursement for non-performance according to the terms of the surety. Information Needed for General Agreement of Indemnity:

1. Federal ID Number of each corporation
2. Full Name and Social Security Number of each stockholder and their spouses
3. Home Address of each stockholder and their spouses
4. Legal Name and Address of Corporation.
5. For Bid Bond Purposes - State(s) of Incorporation

Contractors Liability

Contractors have liability insurance needs unique to the building trade. We understand those needs and can find insurance protection to fit the budget of your business.

Crime Insurance

Businesses are exposed to many types of loss not always covered in other types of business insurance policies. Crime Insurance indemnifies your business from embezzlement or theft by employees, forgery, hacking (electronic theft), theft of cash or securities by someone other than an employee or damage to your building or property caused by a burglary.

Cyber Liability Insurance

Cyber Liability Insurance covers a range of loss exposures including damages due to loss or theft of client data, introducing a virus into another businesses' network, and email transmitted libel. Your business may not be a 'technology business', but if you use technology to run your business - like email, networks, and the web, you have Cyber Liability exposures. Risk posed by cyber exposures changes quickly, and traditional insurance policies are not designed to protect your business from this new threat to your financial welfare. Talk to us about ways we can identify and cover your business' cyber risks.

Directors and Officers Liability Insurance

D & O Insurance, as it is commonly called, is essential to attracting, retaining top business management talent. Lawsuits against a business and its management for negligent or wrongful acts can be brought by any number of constituents like shareholders, customers or regulatory bodies. D & O Insurance will fill in gaps in primary business liability insurance and will protect the personal assets of the directors and officers.

Employment Practices Liability Insurance

This kind of insurance provides insurance against liability for, as the name implies, employment practices. Protection, which will vary from policy to policy, covers a broad range of claims or lawsuits that might be brought by current or former employees or employment candidates. Just a few examples include sexual harassment, wrongful termination or discipline, wrongful failure to promote or hire, emotional distress, discrimination and invasion of privacy. Recent growth in employment practice litigation makes review of employment practices and insurance protection a necessity for most businesses today.

Environmental Liability Insurance

Many business are exposed to lawsuits from pollution and environmental impairment from a variety of sources. Your business can be held liable for damage or injury due to pollution from business operations, the cost of clean up, or from the business location(s). There are several types of insurance to protect against these kind of claims.

Errors and Omissions Insurance

Errors and Omissions Insurance is basically a type of Professional Liability Insurance. This insurance protection pays for liability claims resulting from damages due to failure to perform some duty for which the insured was trained or even just represented some specific expertise. Architects and insurance agents need Errors and Omissions Insurance as do information technology companies. The kind of Errors and Omissions protection needed vary greatly from business to business so insurance policies are often designed for specific business pursuits.

Farm and Ranch Insurance

Farm and ranch insurance can be tailored to protect the part-time gentleman farmer to the full scale agribusiness. Plans can include protection for your personal and business assets and legal liability insurance for both personal and farming pursuits. To get a proposal suited to your individual needs, complete our Farm Quote Request form or use the contact link below to learn more.

Fidelity Bond

A Fidelity Bond protects bondholder clients from theft by employees of the bond holder. This type of bond is very close to traditional insurance - in this case it protects the employer/bond holder from employee dishonesty. Fidelity Bonds are often purchased by businesses employing high risk employees.

Garagekeepers Legal Liability Insurance

General liability insurance policies, and even Garage Liability insurance policies are not intended to provide insurance protection for damage or loss to vehicles that have been left with your business (the legal wording: in your care, custody, or control). That's where Garagekeepers liability coverage comes in; it is meant to protect a business from negligence causing damage to a customer's vehicle. Some businesses that commonly need Garagekeepers liability insurance include auto dealers and repair shops, parking lots, hotels and restaurants with valet parking services, and towing services.

Garagekeepers Liability

This is a comprehensive insurance product designed for businesses that sell, service, store or park road use vehicles. It includes liability insurance protection for damage to vehicles left in the care of the business. This protection extends to customer and non-customer vehicles. In addition, this type of insurance policy provides comprehensive liability for non-vehicle damages and injuries occurring on the business property.

Inland Marine Insurance

Inland Marine Insurance is a specialized type of insurance designed for mobile equipment as well as unique or special business property. Inland marine generally provides replacement for the property should it be lost, damaged or stolen. Not only is inland marine insurance used by business owners to cover their mobile business equipment, but inland marine insurance is also used when insurance is required for business property like bridges or radio towers. Let one of the Inland Marine Insurance agents at the HL Group review your commercial insurance program, help you review your needs, and get you the right protection for your business property.

Innkeeper's Liability Insurance

Innkeeper's Liability Insurance pays for loss or damage to guest property while it is on the premises of an insured and in their possession. If you business involves lodging, no matter on what scale, this is an insurance protection that should be considered.

Landlord Package Insurance

Landlord's face special risks that require special insurance protection. A few examples of losses or exposures that are covered in a Landlord Package Policy include: Loss of rent resulting from an insured loss; Buildings with one or several units; Varied residential or commercial occupancies; Legal liability resulting from the activities of tenants; and Uninsured or under-insured repairmen. Even though Landlord Package Insurance is primarily designed to protect you from loss to rental property it can, and should provide adequate insurance limits to protect your other assets from legal liability arising from rental activities.

License Bond

A License Bond guarantees the bond holder will comply with the statutes and license requirements of the granting state. Contractors often need to secure License Bonds as do mortgage brokers (Mortgage Broker Bonds). Damages resulting from deliberate license and statutory non-compliance may be filed against the bond by any person 'damaged'.

Liquor Liability Insurance

Any establishment serving alcoholic beverages is exposed to lawsuits charging that liquor was served to an intoxicated person who may later have been involved in an accident. Liquor Liability Insurance is intended to protect food service businesses like restaurants, hotels, and even bed and breakfasts, from liability damages in such cases.

Non-Profit Management and Organization Liability Insurance

Non-profit organizations are not immune from lawsuits alleging negligence or wrongful acts. Recent lawsuits and allegations made against several non-profits have made all non-profit organizations much higher profile targets for similar lawsuits. And almost by definition, most non-profits have limited financial resources. And those resources may not be enough to withstand defense costs and potential judgements. Contact us to review your risk profile and receive a proposal for Non-Profit Management and Organization Liability Insurance.

Payment Bond

Payment Bonds are provided to the project owner by the contractor after a contract has been awarded. The Payment Bond is a guarantee that the contractor will cover bills for specific project labor and material.. A Payment Bond also acts as a guarantee to subcontractors and suppliers for payments due from the project owner.

Performance Bond

Performance Bonds are provided by contractors to project owners after a contractor is awarded a bid (Performance Bonds are often preceded by Bid Bonds). The Performance Bond is a guarantee that the contractor will perform according to the project contract's terms and specifications. The amount of the bond will vary but in many cases it will equal the full contract amount.

Product Liability

You don't have to manufacture a product to be liable for damages due to injury or loss related to that product. If you are in the business of supplying, selling, or even providing a repair service. There are also 'products' that we don't normally think of as 'products', like the food served in a restaurant, that expose a business to product liability claims. Product Liability Insurance covers all kinds of businesses engaged in making, delivering , selling, or supporting almost any kind of product.

Professional Liability Insurance

If your business or profession requires specialized knowledge, and you provide service or counsel based on that knowledge, then you could be a target for a lawsuit not covered under standard commercial liability insurance. ​ The HL Group can provide competitive professional liability insurance, sometimes called errors and omissions insurance, for accountants, attorneys, architects, counselors, engineers, management and business consultants, personal trainers, photographers, and technology companies, among others in Washington. Professional liability insurance will protect you if you are held liable for financial loss or other damages as a result of negligence or other failure to perform services and also includes coverage for defense costs. To learn more about professional liability options for you or your business, contact an professional liability insurance agent at the HL Group today.

Special Events Insurance

Today, any group, club, business, association or individual organizing an event is exposed to liability claims brought by spectators, participants, attendees, and contractors. Special Events Insurance is there to protect your business or organization from claims arising from events not covered in you general liability insurance policy. Special Event Insurance is often required by auditoriums, parks and other venues where events are held. Coverage can be tailored to the duration, size, activities, and nature of your individual event.

Trucking Insurance

A trucking operation may need insurance for Physical Damage to trucks and trailers, Primary Auto Liability - even on leased rigs, General Liability for property damage or personal injury when a truck is not involved, Non-Trucking Liability for drivers and trucks not under dispatch and Non-Owned Trailer Liability. We can handle it all.

Workers' Compensation Insurance

Workers' compensation insurance in Washington works two ways;

1. It protect your employees - If an employee is injured on the job, workers comp insurance will pay for medical care, disability - whether permanent or temporary, and death benefits.
2. It protects your business - If you are found to be liable for employee injury or illness, workers' compensation will protect you and your business. This type of insurance is often mandatory.