Your business has grown out of your knowledge and experience, and it demands the best protection. But choosing the right Orange County business insurance coverage to keep your company going strong, despite the fact that accidents happen and we live in a litigious world—that’s no easy undertaking. That’s where Insurance Partners, Inc., can help. As business-owners ourselves, we understand your needs. As insurance experts, we know which products and companies to recommend for your unique situation. And as a service-oriented company that’s been serving businesses, small and large, for more than 35 years, we know how to support you while you choose a policy, when you need to add coverage due to your business’s growth, and when you need to file a claim. As specialists in Orange County business insurance, we can help you find the insurance coverages that meet your needs–and don’t hurt your budget.
Orange County Business Insurance
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A bond is a loan in which the lender is a common everyday consumer and the borrower is the government, an agency, or a company. The U.S. Treasury, municipalities, and companies issue or sell bonds to obtain certain amounts of money to fund their day-to-day operations or to finance specific projects. Purchase of bonds enables the borrower to invest cash that will eventually be returned, sometimes with added interest. Because bonds are actually loans, the amount of the bond is the principle, and interest is paid on the principle, usually at a fixed rate. Bond insurance protects the issuer if they are unable to follow through on their end of the “bond bargain.” By paying an insurance premium, the bond issuer gains the security of knowing that the principle and interest of the bond will be paid for, if the issuer is unable to do so. How bonds are classified depends on several factors, including:
Whether or not they are secured or unsecured
Financial reliability of the issuer
Bond insurance, therefore, will correspond to the rating of the bond and is calculated based on the risk of failure to repay the bond. The only bonds that are not usually insured are government bonds, since the risk of failure to repay is minor.
As part of Orange County business insurance offerings, our California general liability insurance programs for businesses cover medical expenses, attorney fees, and damages when you are legally responsible, as well as other situations that may not have even crossed your mind, regardless of your planning. (For instance, did you know that any individual or business providing an opinion, making recommendations, designing solutions, or offering a service is at risk for a professional liability lawsuit?) We can help with defense costs, regardless of fault. And we offer protection for judgments, court costs and more. Whether you need Orange County business insurance or your company is based elsewhere, we offer coverage for:
Professional liability insurance
Products and completed operations
Fire legal liability
Employer’s liability insurance, employee benefits liability and employment-related practices liability
As Orange County business insurance experts, we know that whether you use vehicles to provide mobility for your employees, equipment, or products, you cannot operate without comprehensive company car insurance. Your customizable commercial auto insurance quote can include:
Uninsured and underinsured motorists coverage
Coverage for autos you borrow or rent
Coverage for employees using their cars for the business
Directors and Officers Insurance is personal liability insurance that provides general coverage to a firm’s directors and senior executives in the event of legal action brought for alleged wrongful acts (management decisions, employee dismissals, shareholder grievances). Criminal offenses are not covered under this insurance. Directors and officers insurance are part of our Orange County business insurance offerings.
Errors and omissions (E&O) is the insurance that covers your company, or you individually, in the event that a client holds you responsible for a service you failed to provide, or that did not have the expected or promised results. For doctors, dentists, chiropractors, etc., it is often called malpractice insurance. For lawyers, accountants, architects or engineers, it may be called professional liability. Whatever you call it, it covers you for errors or omissions you have made, or that the client perceives you to have made. These types of losses are not covered under a general liability policy. Even with the best employees and the best risk management practices in place, mistakes will be made. So if you are in the business of providing a service to your client for a fee, you have an E&O exposure.
Standard business liability coverage will take care of you in most situations, but when serious situations arise, umbrella liability insurance will help ensure that your business is protected. While no one wants accidents to happen, they do—and people sue. As part of our Orange county business insurance offerings, our business umbrella policy picks up where your business auto liability, general liability, or other liability coverage stops. Umbrella insurance is an inexpensive way to provide extra coverage against bodily injury and/or property damage. For example, if your current policy covers you for $1 million and you are successfully sued for $1.5 million, your business umbrella coverage can pay the outstanding $500,000—which is a lot less painful than having it come out of your business profits.
Health care is a business issue for every entrepreneur. Small businesses need health benefits and insurance plans that fit their workplace. As Orange County business insurance experts we know that choice, ease, and reputation are as valuable to employers as they are to employees. That’s why we offer a variety of plans for small businesses, from medical plans to dental and life plans. Employers want to focus on their customers and growing their business—not the health insurance benefits program. Insurance Partners makes sure that our plan designs are easy to set up, administer, and use—and we provide support to ensure your success.
Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken. To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for income lost to employees hurt in workplace accidents, in almost every state, businesses are required to buy workers compensation insurance. As Orange County business insurance experts, we specialize in California workers comp insurance. Workers compensation insurance covers workers injured on the job, whether they’re hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses. Workers compensation provides payments to injured workers (without regard to who was at fault in the accident), for time lost from work, and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents. Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services, and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved. Workers compensation insurance must be bought as a separate policy. Although in-home business and business owners policies (BOPs) are sold as package policies, they don’t include coverage for workers’ injuries. As Orange County business insurance experts we provide the following workers’ compensation-related services to our customers:
Patriot Multi-Trip is designed for people that take multiple trips throughout the year outside their home country. The plan provides coverage up to 45 days in length for each trip. It offers the ease and convenience of purchasing a single annual plan at an affordable premium.
Patriot Multi-Trip International provides coverage for U.S. citizens that take multiple trips annually outside the U.S., and Patriot Multi-Trip America provides coverage for non-U.S. citizens that take multiple trips annually outside their home country. Both provide coverage for the traveler, his or her spouse and children for each trip taken during a period of 12 months.