NewDay Risk Consulting invests the time into getting to know your business, as protecting your assets is as unique as your business goals.
You pay your agent to read, know, and understand that fine print. You know, the words that lawyers use to further complicate the policy language.
After getting to know you and your company, our first job is to check and confirm that there have been no mistakes that could have been costing you big money year after year.
Then, we will build a Bear-Shark filled moat around you and your assets. Yes, it’s a thing.
This means you, your team, and NewDay Risk will make sure we dot all the I’s and cross all the T’s before we communicate with the insurance companies on your behalf.
BOTTOM LINE: Make you exceedingly appealing to the insurance companies – IMPROVING YOUR RISK PROFILE
We go through all this because, and most importantly, when you suffer a disaster, we want to make sure the insurance company writes their check for the amount you expect.
NEWDAY RISK BUSINESS INSURANCE OPTIONS
BUSINESS PROPERTY INSURANCE
This coverage protects property owned by your firm and used in operations; buildings, personal property, furnishings inside the building, raw stock, finished goods, loss of income, tenant improvements, computers, equipment, boiler & machinery, builders’ risk, and much, much more.
GENERAL LIABILITY INSURANCE
Liability insurance protects your business from claims arising from alleged bodily injury, personal injury, or property damage liability. It includes protection for services you render or products you sell. Coverage can include judgments, attorney fees, court costs, or other related expenses.
OTHER LIABILITY INSURANCE
Professional – Errors & Omissions – Insure against claims arising from negligent acts, errors or omissions in the rendering or failing to render specified services or advice.
Directors & Officers aka D&O – used to insure against claims for negligent acts, error or omissions alleged to have been committed by present or former directors or officers of your corporation.
Employment Practices Liability aka EPLI – used to insure against lawsuits by employees alleging wrongful discharge, discrimination, harassment or other specified employment related exposures.
Fiduciary Liability – used to insure against claims alleging breech of fiduciary obligations as outlined under the Employment Retirement Income Security Act of 1974
Cyber & Privacy Liability – provides coverage for claims brought by 3rd parties that arise from use or dissemination of information via your website, network, and electronic storage of client information. It can include things such as theft of clients’ personal information via hackers or employees, infringement of copyright or trademarks, virus transmissions, unauthorized access or security breach, etc.
This policy can provide a combination of liability protection and physical damage coverage for loss due to damage to vehicles owned, maintained or used by you. Additional coverages such as medical payments and uninsured motorist protection can be purchased to “customize” the policy to fit your business.
Auto Liability – used to protect against claims alleged for bodily injury and property damage arising from the ownership, maintenance or use of any covered auto.
Auto Physical Damage – used to protect the covered vehicle itself. It pays for damage loss that results from a covered peril.
Non-Owned Auto Liability – used to provide liability protection for autos used in your business that are not owned, leased, hired, rented, or borrowed. This includes autos of employees that are used on your behalf.
Hired Automobile Liability – used to provide liability coverage for claims arising out of the use of vehicles leased, hired, rented or borrowed by you, or your employees, while in the course of business.
Hired Auto Physical Damage – used to provide Physical Damage coverage for a vehicle that is leased, rented, or borrowed by you or your employees for business purposes.
Auto Loan / Lease Gap – will pay the unpaid amount due on the lease or loan in the event of a total loss.
This policy provides protection against catastrophic liability claims. The policy acts as an excess coverage over your primary liability limits. Its limits apply in addition to that provided by the underlying coverage.
Umbrella Policy – This form provides a higher limit of coverage that is excess over scheduled underlying policies. It is used in one of three ways: (1) to provide additional limits of protection (2) to act as primary coverage if your underlying limits are exhausted; and (3) to provide coverage for some risks, subject to a retention, when your primary coverage does not.
Excess Liability Policy – This form provides higher limits of coverage for only those hazards covered by your primary. No coverage exists if it is not included in your underlying schedule of policies.
This coverage provides protection against loss due to criminal acts of others. Several types of exposures can exist which require consideration when analyzing your crime protection insurance.
NewDay Risks’ team will thoroughly examine your business and make sure your coverage is in line with your goals and provide options on how to protect what matters most.