Business Insurance Agency In Pittsfield MA. Serving NH, VT, CT & NY

Business Property Insurance

Insurance for your commercial business property protects your assets against theft, damage, or destruction in an accident or other natural disaster. We will work with you to create insurance coverage that protects your company against theft, damage and natural disasters. Fire, disaster or other catastrophic losses. We will guide you through the process of choosing the right insurance for your needs.

Business Interruption Insurance

Business interruption insurance covers lost income as well as additional expenses if a business is affected by a covered risk. A business owner's insurance policy usually includes coverage for business interruption.>> Insurance that covers business interruption protects against income loss if a covered issue affects a company. The most common covered risks include theft, wind, lightning, falling objects and fire.

Business Liability Insurance

General liability insurance for businesses (business liability insurance) covers injury or property damage to people or property. Data loss, reputation damage (client libel), and insufficient professional advice are all excluded. E&O insurance or errors and omissions insurance can provide additional protection for your company in the event you are sued for poor professional advice.If you meet clients or have access to their property/equipment, it is a good idea to have business liability insurance. When you sign contracts with businesses, business insurance is often required.Liability insurance for businesses is as important as it is common. 

Health Insurance

GROUP HEALTH INSURED & Benefits

This insurance policy is for associations and businesses, as the name suggests.The monthly premium is usually paid by employers at half of the cost. To attract and retain talented workers, a high-quality group policy is a great benefit. Due to the pandemic, insurance companies recognized the importance of a high-quality group plan and have adjusted their policies accordingly.

Directors & Officers (D&O) Liability

Directors & Officers Liability Insurance can protect you and your company in the event of legal claims being made against a senior officer, or a board, for poor decisions. D&O Insurance is a must-have for any company, whether it's public, private, or non-profit, that has a committee, board, or senior officer. Directors and Officers Liability Insurance should be purchased even if the business is small and local. Directors and Officers Liability Insurance protects companies against a wide range of lawsuits. However, you will most commonly see D&O policies covering: Fraud, Misuse of funds, False representation of assets or Breach of duty.

Employment Practices Liability

The policies for employment practice liability insurance cover the company and employees, as well as managers and officers. Many policies that provide employment practice liability insurance cover unintentional acts and failures to act, instead of discriminatory acts or other wrongful conduct. Your business is at risk from employee-related claims. Unfortunately, this increases with your business as it grows. Management and the risk of an incident increase with the increasing number of employees. EPLI protects against this increasing risk.

Fiduciary Liability

Businesses can face costly charges for abrogating fiduciary liability. Legal action can threaten the company's financial health. For mismanagement of funds, benefits administrators could be held responsible. Potential lawsuits can be brought against directors, officers, executives, or managers. Fiduciary Liability Insurance offers financial protection in the event of litigation.Administrative errors, delays or cancellations of benefit distributions or transfers, or any reductions or changes in stakeholder benefits are all possible reasons for legal action.

Errors & Omissions (E&O) Liability

E&O Liability (Errors and Omissions) is insurance that covers your business in the event you are found legally responsible for negligence due to actions or advice taken by you or your employees. E&O protects clients against financial loss due to your actions or inactions. This is often professional advice that clients receive. Some policies cover unintentional violations or copyright and intellectual property laws. E&O insurance is vital for individuals and companies who provide advice. Errors & Omissions Liability coverage protects businesses from claims such as: Negligence, Copyrights, Inaccurate Advice and Violations of good faith, fair dealing, Libel, or Slander.

Specialized Equipment Coverage

Your current commercial insurance policy is unlikely to cover damage or loss that occurs away from your business location. When you move equipment around from one site to another, obtaining additional coverage with a specialized equipment coverage policy is a risk management best practice.

Fleet Auto / Commercial Vehicle Insurance

A truck or business car collision can often result in more serious injuries than a personal accident. Commercial auto insurance or fleet auto insurance provides that extra layer of protection that regular insurance does not offer. Insurance for commercial vehicles can help protect your company and personal assets against this additional exposure. Collision insurance is also available for commercial auto insurance. This coverage covers damage regardless of the cause. It is usually required when financing or leasing commercial vehicles.

Builders Risk Insurance

Builders risk is basically a type of property insurance. It protects the property that is being constructed. While property owners might have to take out builders' risk insurance, it is more common for the home building contractor to do so. Hailstorm damage and fire are two areas that are important to have in the coverage(s). These policies usually also cover theft, vandalism, and damage to the building from vehicles. However, employees may not be covered. Policies may be limited to a percentage of the cost of construction to ensure adequate coverage. It is important to verify how long the policy lasts, as it doesn't usually allow for extensions.

Commercial Umbrella Insurance

Commercial umbrella insurance can be used to add protection to existing insurance policies, in the event that a claim exceeds the payout limit. A commercial umbrella insurance is only available when your main business insurance policy has reached that payout limit. Commercial umbrella insurance covers any costs that are left after the main business insurance policy has paid out a maximum claim. You can further protect your assets by purchasing commercial umbrella insurance. We can help you choose the right policy for your company.

Cannabis Insurance

The Massachusetts Cannabis Commission (and most other New England states) require that workers' compensation, general liability, and product liability coverages are in place for your Cannabis business. We recommend that business owners have commercial umbrella, professional liability, professional property, product recall, business interruption and non-owned hired auto coverage as part of a comprehensive Cannabis business insurance plan.

Jewelry Store and Jewelry Industry Insurance

If you are a Jewelry company looking for new coverage, better coverage or reduced premiums, a proper risk analysis performed by a specialized insurance broker like Pearson Wallace is the key to saving money. This will also ensure that you have the best jewelry insurance policy in place for your business needs.

Workers' Compensation Insurance

Workers' Comp covers all costs associated with a workplace injury. This includes medical bills, treatment costs, lost wages, and any loss of earnings. Employers have the right to increase their coverage or provide insurance beyond the minimum legal requirement. An upgraded policy may cover legal fees and other expenses incurred from Workers' Compensation insurance claims.

Cyber Liability Insurance

A Cyber Liability insurance policy is designed to protect your company from data breaches online. It may provide greater coverage for other incidents depending on which policy is purchased. Cyber Liability Insurance can help you evaluate and reduce your current risks. Our insurer will assess your cyber defenses and identify any weaknesses that may need to be improved before you buy a policy.

Pollution Liability Insurance

Pollution Liability Insurance protects your company from damages resulting from pollution. This could include clean-up, injury, illness, or death. There are many policies available. They can be used to cover small in-ground contaminants or large claims like smoke and smog emission. Your Pearson Wallace Insurance agent will help you determine the right Pollution Liability insurance policy for your business.

Property in Transit Insurance

No matter your role in global economics, whether you are an import/export concern or manufacturer, trader, aggregator, or trader, you can be sure that a Property in Transport policy from Pearson Wallace Insurance will protect your business from financial losses. For processors and manufacturers who are involved in the global economy, a Property in Transit insurance policy is a crucial strategy you can employ to manage risk.