What We Offer
At Stampede Insurance Services, we partner with our clients to provide them with the best in dedicated service for their business insurance needs. We are dedicated to providing the best in service and care to our clients.
We're here to help with your business Insurance requirements. With specializations in General Liability
, Builders Risk
, Commercial Auto Insurance
, and Workers Compensation
, we're uniquely positioned to provide the best in business insurance.
We also offer all types of personal insurance coverages to our clients in all of our licensed states, including Auto Insurance
, Homeowners Insurance
, Boat & Watercraft
, Flood Insurance
, and Motorcycle Insurance
Commercial business insurance is coverage for businesses and corporations, generally designed to cover the business, its employees, and ownership. Since there are so many businesses with different needs and situations, commercial insurance can come in many types.
At a basic level, commercial insurance is designed to help businesses stay protected against risks that may threaten their success.
Depending on the commercial lines coverage, you'll protect your business's reputation, well-being, and financial situation of a business entity, as well as the employees working for the business.
Unlike personal insurance, commercial insurance can cover multiple stakeholders and employees. It tends to have much higher coverage limits since there’s typically more physical property at stake. Your commercial insurance policy may serve to protect you and your business.
Commercial insurance carriers and agents are specifically trained in businesses' risks and threats. Plans are often structured to cater to a company’s specific industry and day-to-day activities.
No matter your business type, we have the policy you need to stay covered against loss.
Different Types of Commercial Insurance
There are many types of commercial insurance. And there's no one size fits all method to coverage. Your industry will determine the types of liability coverage, or insurance coverages you'll need.
Commercial Auto Insurance
This is suited for businesses that rely on tools or automobiles to conduct daily business. Similarly, property insurance can help protect tools and tech property like computers, desks, and office environments.
Workers' Compensation Insurance
This is another common form of commercial insurance for businesses in the construction, manufacturing, repairing, and/or engineering industries. This insurance is usually mandated by law and helps protect the company from lawsuits in the case of a work-related injury or accident experienced by an employee. Workers' compensation is also helpful for covering prospective medical bills.
Cyber Liability Insurance
This is a growing form of commercial insurance that can cover businesses in the event of data breaches and other cyber security threats. Since many businesses hold a great deal of personal information on their servers, being hacked can have lasting financial repercussions. This insurance is great mitigation for the substantial monetary loss of data breaches.
Business Interruption Insurance
This is also a smart investment in terms of commercial insurance. This can help protect your business from financial losses in the chance that a covered accident or unexpected event prevents your company from operating. This type of insurance will help cover business income if needed.
Commercial Business Insurance Policies
There are many types of commercial insurance policies available, and we can help you understand which policies make sense for your business. Here are a few things to understand about your policy:
Premiums - The amount a business pays for the coverage. Several factors can impact the cost of your premium, including business type, number of employees, location, payroll, years in business, and exposure.
Deductibles - The amount of money paid by the insured before the insurance covers a claim. Having a high deductible insurance policy might mean that you pay less for the policy every month, but get more in the case of an accident.
Policy limits - This sets a cap on how much the insurance carrier will pay out on a given claim or over the policy term. Even when your deductible is met, the policy will only pay up to a certain limit. Depending on your policy and coverage, limits can range from low to quite high, into the hundred-thousands or even millions of dollars.
Exclusions - These are situations an insurance policy won’t cover. Knowing what exclusions are included in your policy will help you understand if the coverage is right for your business.
Kind of Insurance For Businesses
The type of insurance you need depends on your business. The risk and type of business you engage in will guide our recommendations, and proposals vary depending on your risk appetite.
Different coverage limits may be proposed after we assess your business. In the end, you decide the direction you need when it comes to your commercial property insurance or business insurance.
Choosing the right broker is a crucial step. The relationship that you build with a broker-agent is valuable in this critical decision-making process as they'll help guide you throughout the process. Our expert insurance agents will help you make an informed decision and choose the insurance that best fits your business plan.
Since commercial insurance can be complicated, you should discuss any terms, conditions, or concepts that are unclear to you. Ask questions, and make sure you understand the commitments you're making.
While your business may not need all commercial coverage lines, it's a good idea to have a basic knowledge of the types of insurance coverage available. As your business changes and expands, you will have the necessary knowledge to purchase insurance coverage as new exposures arise.
The following commercial lines of insurance cover broad areas of exposure common to most business operations:
Commercial Auto Insurance
Commercial General Liability
Cost of Commercial Insurance
The cost of business insurance depends on various factors, including what industry you’re in, how many employees you have, where you operate, and whether you’ve filed claims in the past.
Like most insurance policies, you’ll pay a monthly or annual premium for commercial insurance coverage. During the claims process, you’ll have to pay the deductible. Typically, the higher your deductible, the lower your premiums.
Commercial insurance policies also have limits, which is the maximum amount the insurance company will pay out in one year. Policies with higher limits typically cost more.
Compare quotes from several commercial insurance providers to find the best coverage for you.
Choose Stampede Insurance
With over ten years in the industry, our team in Stampede Insurance has offered solutions to many clients all over the US.
Our dedication and passion for resolving your business need set us apart from other insurance agencies.
We work with top-rated companies to find the best coverage for you.
We evaluate your needs and risks to tailor an insurance package for your business.
We provide the highest level of customer service.
We'll Help You Cut Your Insurance Costs
Just give us a quick call today at (888) 476-0696
or submit one of our quick online quote forms
. With the help of our dedicated business partners and experienced agents, we will offer an entire solution for all your insurance and business needs.