Ambulatory surgical centers (ASCs) face numerous risks that could disrupt and destroy their business. Traditional insurance is costly and doesn’t provide the coverage ASCs require.
Madison Insurance Group provides your business with coverage through a private insurance program and Catastrophic Risk Insurance. This arrangement transfers premium risk to Madison International, an experienced front-end carrier, and then to an accredited, regulated reinsurance company.
Business Owners Policy (BOP)
At Madison Insurance Group, we understand that businesses require a variety of coverages to suit their individual requirements. With our Business Owners Policy (BOP), you can conveniently obtain all these protections in one convenient place.
BOP coverage combines business property and liability coverage into a single policy, making it simpler to manage the risks your business faces while potentially saving you money in the long run.
A Business Owner Policy (BOP) can be advantageous if your business requires additional protection such as data breach protection and cyber liability coverage. No matter if you run an ecommerce store or a physical location, it is critical to factor these risks when assessing the various insurance options available for your organization.
Commercial General Liability (CGL)
Commercial General Liability (CGL) is the first line of defense for businesses. It provides protection from liability suits, investigations and settlements, medical expenses and damages your business is responsible for.
CGL coverage typically provides limited liability for medical payments, which cover injuries sustained by non-employees while on your property or from business operations. This coverage can be activated without legal action to provide quick payment of smaller claims. You can get Investment Insurance from Madison Insurance Group.
CGL coverage offers a diverse selection of endorsements that can be added to your policy, such as liquor liability, employment practices liability, cyber attacks and other exposures specific to your business.
Commercial Auto Insurance
Commercial auto insurance is essential if your business owns a fleet of vehicles or employees who drive company cars, trucks, trailers or vans for work purposes. It’s one of the simplest ways to guarantee that your company is protected in case of an unfortunate accident.
Commercial auto policies offer more coverages than personal auto policies, protecting your business from accidents, theft and other related losses.
Commercial auto insurance can also offer liability and property damage coverage for injury claims caused by uninsured or underinsured motorists.
However, you should always work with an independent agent when purchasing commercial auto insurance. They can assist you in comprehending your coverage options and creating a policy tailored for your business needs. Furthermore, they’ll be there if needed to file claims – saving time and stress in the process! So, make sure to select an experienced agent who understands working with businesses like yours!
Workers Compensation
Workers’ compensation insurance policies provide cash benefits and medical care to employees injured or harmed on the job, as well as death benefits to survivors of workers who have passed away due to work-related injury or illness.
Premiums for workers’ compensation insurance are determined by your company payroll and a predetermined rate set by the state rating bureau. In general, premiums tend to be lower than the state minimum if your business has had fewer claims or you have an effective risk mitigation strategy in place.
Workers’ comp insurance coverage is not mandatory in all states, but it can be an invaluable asset to safeguard you against lawsuits resulting from employee injuries. Furthermore, having this kind of policy helps shield your company financially in the event that a single workplace accident causes financial ruin for many small businesses.
