Personal Insurance typically includes policies for personal auto and home risks. Our personal lines offers many different types of protection.
- Auto Insurance: Required by law in most states, auto insurance provides protection to both vehicle owners and individuals who are injured or experience property damage at the hands of drivers. Auto insurance policies can be structured to cover the damages of the insureds vehicle through comprehensive and collision coverage as well as uninsured/underinsured motorist coverage. A policy must also meet the minimums of each states laws by providing bodily injury and property damage liability coverage that protects those who might be unintentionally injured or damaged by the insured.
- Home: This is a policy designed to assist with expenses related to certain hazards, such as fire, hurricane and theft, which can devastate or damage a home or its contents. Home insurance also covers the liabilities homeowners have so that when someone is hurt on their property, they can rely on their policy for medical costs, legal costs and damages.
- Renters insurance: When renting an apartment, an individual may not need to provide insurance to protect the structure itself, but they do need coverage for their personal contents since the landlord does not cover those. Additionally, they should secure liability insurance to cover medical costs and damages in the event a visitor is injured while in their apartment.
- Umbrella policies:When the liability limits of other personal policies arent enough, individuals can purchase an umbrella policy to provide $1 million or more in additional liability coverage. Just one umbrella policy effectively increases the liability limits of each of the insureds other policies.
Commercial Auto/Fleet As a business owner, you need the same kinds of insurance coverage for the car you use in your business as you do for a car used for personal travel liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure.
Whether you need to buy a business auto insurance policy will depend on the kind of driving you do. A good insurance agent will ask you many details about how you use vehicles in your business, who will be driving them and whether employees, if you have them, are likely to be driving their own cars for your business.
» Commercial General Liability insurance, also known as Business Liability Insurance or General Liability Insurance provides coverage for customer injuries, damage to others' property, and lawsuits. It can help pay for medical expenses as well as legal costs if an incident leads to a lawsuit.
» Products-Completed Operations provides liability protection (damages and legal expenses up to your policys limit) if an injury ever resulted from something your company made or service your company provided
» Products Liability is a more specialized product liability insurance that protects your company against claims from product-related injury or accidents
Contractual Liability extends to any liability you may assume by entering into a variety of contracts
» Workers compensation laws were created to ensure that both employees and employers are protected in the event of an on-site injury. This eliminates the need for litigation and creates an easier process for everyone. It also helps control the financial risks for employers.
» Most states, require an employer to carry Workers Compensation coverage. Workers' Compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.
Life and Health Insurance
» Life and health insurance protects the finances of an individual and/or their family in the event of the death of the policy holder. Pearce and Company offers a full line of life and health products.