Small to medium sized business owners who either own their office building or rely on equipment to operate should consider acquiring a business owners policy. A policy typically protects business owners against property damage, liability, and business interruption. Business owners may also elect some opt-in coverages such as crime, spoilage, and forgery.

Businessowners Policy Coverage

A businessowners policy provides enhanced general liability and property coverage for small to medium sized businesses. A business owners insurance policy does not cover costs and liabilities associated with the services the business provides, including product recalls. This policy also does not cover damages attributed to inaccurate advice or counsel provided to clients or customers.

Commercial Automobile Liability

Commercial automobile liability coverage helps policy owners pay for injury related expenses or property damage caused during an accident in which the business owner or an employee is at fault.  Automobiles which are used for business purposes require commercial auto insurance due to increased risk and liability exposure. A commercial automobile insurance policy protects commercially used vehicles against physical damages and other liabilities. In addition to vehicle protection, this policy also covers injuries to employees, injuries to other people caused by employees and property damage.

Workers Compensation Insurance

It doesn’t matter the nature of the job – an injury can happen to anyone, even a 9-5 worker sitting at a desk. In fact, back-related injuries and eye strain are often considered the most prevalent workers’ comp claims because of the repetitive nature of office work. Other injuries are common in the construction trade, which can produce a wide range of injuries from broken bones to electrical shocks. Without a workers compensation insurance policy, the company could be liable for these costly claims.

Workers compensation insurance covers on-the-job bodily accidents and any diseases or lasting medical problems caused by employment conditions. You can expect a workers’ compensation claim to cover:

• Medical bills
• Disability, both permanent and temporary
• Death benefits

Different states have different workers’ compensation requirements, and Ellisar Insurance Associates is experienced in serving all of our home states. We will determine how to best fulfill your company’s legal requirements and protect both your business and employees.

Errors & Omissions Insurance

Lawsuits from unhappy clients can lead to the financial downfall of small businesses and individual entrepreneurs, making it crucial to avoid risks. It's important to have Errors and Omissions (E&O) insurance in place before incurring any liabilities, ideally before you even start your business. Being prepared for mistakes can give your company an advantage. Businesses that plan for unexpected events can avoid many common industry pitfalls. Protect your business by securing E&O insurance to cover potential errors. Professionals in industries prone to mistakes should anticipate and prepare for them. Establishing a defense against business errors helps manage their consequences. A solid E&O insurance policy can also assist in covering expensive damages or legal fees from lawsuits. Protect your business now; don't leave it exposed.  Even the most experienced professionals make mistakes. We’re all human.

Bonds

At Ellisar Insurance Associates, we understand our client’s focus is construction. We maintain an elite, professional team ensuring your surety bonding needs are met. Ellisar Insurance Associates routinely deliver surety bonds throughout Connecticut and beyond with the sense of urgency and commitment required to support our clients drive for perfection and profitability. From commercial bonds to construction bonds, we work to get clients the bonds they need, when they need them.

Commercial Flood Insurance

Storms often bring significant damage, including siding and water damage, making floods one of the most expensive disasters for property owners. No business is completely immune to flood risks, regardless of its location. A mere inch of floodwater can inflict up to $25,000 in damage to a property. Therefore, it's crucial for all property owners to secure commercial flood insurance.

What Does Flood Insurance Cover?

Commercial flood insurance provides two primary types of coverage: building and contents. Building coverage compensates for damage to the structure itself, including the foundation, electrical and plumbing systems, HVAC units, flooring, built-in appliances, blinds, and walls. Contents coverage protects items within the building, such as clothing, furniture, electronics, and portable appliances, from flood damage

Why You Need Flood Insurance

Floods can severely impact your commercial property, destroying both the structure and its contents. Obtaining a flood insurance policy beforehand can alleviate stress in the aftermath of a disaster. Such a policy safeguards the foundation of your dwelling, electrical and plumbing systems, appliances, electronics, and other commercial assets. This insurance prevents property owners from having to rebuild from the ground up, offering a solid financial safety net.

Business owners must be prepared for the unexpected. Floods are relentless and can devastate everything in their path. To protect against the consequences of flooding, it's advisable to invest in commercial flood insurance, which ensures the security of your business's infrastructure and its contents.

You've earned it, and we can help protect it. Leveraging our expertise in personal insurance, we provide not just a policy, but a comprehensive solution. 

Homeowners Insurance Policy Protection

Homeownership is a significant responsibility. Ensuring safety within your home can be achieved by securing a comprehensive homeowners insurance policy. Such policies offer protection against a variety of incidents, including:

- Fires

- Earthquakes

- Floods

- Theft

- Storms

- And many other events

Storms, in particular, can cause extensive and costly damage. With an insurance policy, homeowners receive crucial support. At Ellisar Insurance Associates, we recognize the deep value your home represents. Our policies are crafted to safeguard your home and loved ones against any adversity. We deliver peace of mind and stability that stand firm, even in the stormiest weather.

Automobile

The national average cost for full coverage car insurance is approximately $2,026 per year, while state minimum coverage averages around $638 per year. These costs can fluctuate based on the state, age, gender, driving history, and the type of vehicle insured.

Rental Property Insurance Coverage

Landlords face numerous risks and liabilities when renting out properties. It's crucial to consult with us to secure adequate coverage for your investment. Our policies aim to provide landlords with peace of mind and protection for their properties.

Explore the different areas of coverage provided by a rental property insurance policy:

Dwelling Coverage

Dwelling coverage provides protection against direct or accidental physical loss to your rental property and any personal belongings housed within. Should the physical structure sustain damage from a covered hazard, your insurance policy may cover the costs of repair or reconstruction.

Landlords Personal Property Coverage

Maintaining a neat and clean building is a responsibility often assumed by landlords. As a landlord, you might store personal property for maintaining the rental, like lawnmowers or snowblowers, on the premises. Should this equipment be stolen or damaged, it could be covered by your personal property insurance policy.

Liability Coverage

If someone is injured on your property, you may be held liable for their medical costs. Liability coverage, included in landlord insurance, can assist in covering legal fees or medical expenses if an individual is injured on your rental property and you are deemed liable.

Loss of Rent Coverage

Landlords can have peace of mind in the event of an incident if they are adequately insured. Loss of Rent coverage compensates landlords for lost rental income resulting from a covered claim. For instance, if a rental property is rendered uninhabitable by a fire, storm, or another insured event, this coverage will apply.

Types of Rental Property Insurance 

Rental Property Insurance policies are categorized into three tiers, each defining the 'perils' - specific risks or causes of loss that the policy covers. The tiers are as follows:

Dwelling DP-1 Insurance Policy

A DP-1 dwelling insurance policy is known as a 'named perils' policy, which means the perils covered by the policy are explicitly listed within it. Common perils included in DP1 insurance coverage are:

- Fire and Lightning

- Internal and External Explosion

- Windstorm and Hail

- Riot and Civil Commotion

- Smoke

- Aircraft

- Vehicles

- Volcanic Eruption

- Vandalism and Malicious Mischief

It's important to note that most DP-1 policies are Actual Cash Value (ACV) policies. They calculate coverage by deducting depreciation from the replacement cost, which means the value of the dwelling decreases as it ages, similar to car insurance.

Dwelling DP-2 Insurance Policy

The DP-2 insurance policy is a named peril policy with a broader range of covered perils compared to the DP-1 Insurance Policy. However, if damage occurs that is not explicitly listed in the policy, it will not be covered.

Dwelling DP-3 Insurance Policy

Dwelling DP-3 Insurance is categorized as an open peril policy, which means it covers all potential perils except for those explicitly excluded in the policy. DP-3 rental property insurance is the most comprehensive option available, making it ideal for non-owner-occupied homes and rental properties. It provides coverage for the widest array of perils, such as:

- Ordinance or Law

- Earth Movement

- Water Damage

- Power Failure

- Neglect

- War

- Nuclear Hazard

- Intentional Loss

- Governmental Action

- Mold

Flood

Flooding is the most frequent natural disaster in our country, yet many are unaware that standard homeowners insurance policies do not include flood coverage. Requesting this coverage may be the best decision you'll make.

Private Client

Understanding that insurance needs vary, we aim to leverage knowledge about you, your family, and your specific needs to provide a comprehensive program tailored to protect what is most valuable to you.

Recreational Vehicle (RV)

Embark on your journey with the assurance of your family's, passengers', and investment's safety through comprehensive recreational vehicle insurance. Our insurance solutions offer protection designed to cover you wherever your travels may lead.

Umbrella

The rewards of your hard work, though well-deserved, can disappear in a moment. Umbrella insurance provides additional liability coverage that comes into play when the limits of your main policies are exhausted. This extra layer of security protects against substantial claims and lawsuits, safeguarding your assets. It's worth asking yourself if your current coverage truly offers you peace of mind.

Valuables

Typical homeowner, condominium, or renter's insurance policies provide limited coverage for valuables. If you collect fine art, antiques, jewelry, or other distinctive items, we can help you secure a policy that sufficiently safeguards what is most important to you.