Whether you’re a retail establishment that has customers coming in and out of your store, or an individual contractor that works out of your truck, you have multiple exposures that, if something unforeseen were to happen, could put you out business in a heartbeat. You probably have a building or buildings, inventory, furniture & fixtures, tools & equipment, vehicles, employees, and I could go on and on.
Are you aware that your business auto insurance won’t cover the tools & equipment that you carry from jobsite to jobsite? What about the trailer and backhoe that you have stored behind your warehouse that you only use occasionally? Are you sure that it’s protected should something happen to it? How about that outdoor sign that advertises your business? It is covered for wind & hail? What happens if a customer slips and falls in your store and injures themselves? If a loss to your building shuts you down for a period of time, how will you continue to pay your bills, your employees?
The fact of the matter is that every business is unique. You need a commercial insurance program designed especially for your operation – a clothing store is not an auto parts store, is not an auto repair garage, is not a tire dealer, is not an oil field service company, is not doctor’s office, is not a church, etc. And, you need an Agency that understands your business and how best to protect it.
BHH specializes in commercial insurance programs for businesses small and large. Contact us today to help you tailor a program that ensures you are protecting what matters most to you.
Worker’s Compensation is a form of insurance that provides medical and rehabilitation benefits and compensation for disability for employees injured on the job. Coverage applies both to bodily injury as well as by disease. In the case of accidental death of an employee, it includes benefits to the employee’s dependents. Both employees and employers are protected, however business owners have the option of including or excluding themselves from coverage.
The cost of workers compensation coverage varies by type of occupation and is rated on the estimated annual payroll of the business. For example, the workers compensation rate per $100 of payroll for an accounting office will be significantly less than that of a roofing contractor. Why is that? The possibility of an employee roofing houses getting hurt on the job is dramatically higher than an employee working in an accounting office.
Workers Compensation coverage varies by State, and Oklahoma’s workers compensation law recently underwent an enormous overhaul. Different workers compensation carriers specialize in certain classes of business based on their expertise and appetite. BHH represents many different carriers to ensure that we are matching your business with the appropriate insurer to protect your employees in the best possible manner.
Contact BHH today to discuss how we can best help you protect what matters most to you.
Merriam-Webster’s Dictionary defines bonding as “the formation of a close relationship especially through frequent or constant association.” Although this definition is related to the insurance definition of bonding, the insurance definition is quite a bit different. A Bond in the Insurance World is a type of “policy” that a bond issuer purchases that guarantees the repayment of the principal and all associated interest payments to the bondholders in the event of default.
The key word in that definition is “guarantees.” The purchase of a bond is the purchase of a guarantee to another party that what has been agreed to will be carried out as agreed to. So, in effect, you are forming a close relationship with that other party.
Bonds, and bonding are one of the most misunderstood products in the insurance industry. And, to confuse the matter a little more, there are many different types of bonds – license bonds, surety bonds, performance bonds, fidelity bonds, notary bonds, building contractor bonds, permit bonds, bid bonds, utility deposit bonds, just to name a few.
Bonds are written by insurance carriers, but the underwriting of bonds can be quite a bit different, and more complicated than writing a typical insurance policy. BHH specializes in the writing of bonds for a myriad of different purposes. Contact BHH today to discuss how we can serve as your bonding agent.