Who We Insure

We are able to insure a broad range of occupancies, including:We are able to insure a broad range of occupancies, including:

  • 1-6 family dwellings
  • Condominium and CO-OP
  • Low Income / Affordable housing
  • Apartment buildings
  • Mixed use buildings
  • Warehouses
  • Vacant Properties
  • Vacant Land
  • Builders Risk / Development
  • Lessors Risk

Coverages and Services we Provide

  • General Liability
  • Commercial Property
  • Commercial Flood
  • Loss of Rents and Business Interruption
  • Excess / Umbrella
  • Equipment Breakdown
  • Ordinance and Law
  • Master Package Policy Management
  • Risk Transfer and Certificates of Insurance

Our Commercial policy options include:

Business Owner’s Policy

Insurance policies for business owners provide a convenient protection package for both property and liability concerns. Whether your business is big, small, or somewhere in between, we’ll help you customize your coverage to manage the risks you face. Please note that BOPs do not cover workers’ compensation or professional liability.

Workers’ Compensation

Workers’ compensation insurance is required for businesses in almost every state. These policies typically provide payment for medical treatment, temporary and permanent disability, as well as death benefits. At Frankel & Associates, you’ll find the right coverage for the injuries and illnesses your employees may face.

Insuring Buildings

Do you own a commercial building? If so, do you have enough commercial property insurance to cover replacement costs? Although cost estimators are available, we recommend that you secure an appraisal from a third party to accurately determine the current replacement cost of your Give us a call today if you would like to learn about everything you are entitled to including competitive rates

Employment Practices and Liability

Even the smallest business could benefit from employment practices and liability insurance. Known as EPLI, these policies protect your business from employee discrimination claims on the basis of race, sex, age, or disability. It also provides coverage for wrongful termination, harassment and other employment-related issues.

Cyber Liability

Every type of organization, from global companies to mom and pop shops that use technology to do business, face cyber risk. As technology becomes more complex and sophisticated, so do the threats that businesses face. This is why every business and organization needs to be prepared with both cyber liability insurance and an effective cyber security plan to manage and mitigate cyber risk. At Travelers, we understand the complexity of cyber threats. We have solutions to help insure and protect your business assets.

Product Liability Insurance

Accidents happen, even to the most established businesses. Product liability insurance offers coverage for defects or malfunctions which may cause harm to your customers. If your business sells a product, product liability insurance is protection you shouldn’t live without!

Commercial Property Insurance

It’s impossible to predict every disaster, but you can ensure that you’re protected. Commercial property insurance provides peace of mind, safeguarding your physical assets from whatever comes their way. Whether you’re operating from your own storefront or from a home office, there’s a policy to suit your needs.

Flood Insurance

Most commercial property policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect you from resulting damage. Check your current property insurance policy to be sure you are covered. If you’re unsure please feel free to contact us and we’ll help you find the best solution.

Business Personal Property Coverage

Business personal property insurance covers property at a specified location such as furniture, fixtures, equipment and inventory. Be aware that most commercial property policies have very limited coverage for property taken off the specified location. If you have equipment that is frequently taken off-site to various locations, it is important that you have an inland marine policy (equipment or installation floater).

Business Income (Business Interruption Coverage)

This coverage reimburses a business or property owner for lost profits, rents and fixed expenses during the period of restoration from a covered peril claim. It applies while the premises are being restored because of damage from an event such as a fire. Business income insurance may also cover financial losses that occur if civil authorities limit customer access to your neighborhood or business after a disaster. We strongly recommend that all businesses acquire this coverage.

Electronic Data Processing (EDP) Insurance

This coverage is separate property coverage specifically designed to protect your computer related equipment. Most commercial property policies have limited coverage for computer networks. EDP broadens the causes of loss to include things like power surges and in some cases virus attacks.

Equipment Breakdown

Equipment breakdown insurance is smart to have – even if you don’t own your own building, and especially if the success of your business is dependent upon properly-functioning equipment owned and operated by a key supplier, such as a local power company.

For example, if you own a pizza shop that depends on online orders, as well as walk-in customers, your business will suffer if the power goes out due to a power surge. A power outage could result in loss of heat or air, the inability to process online orders, as well as the inability to prepare, cook, serve and sell food. And if the power is out long enough, your food inventory could spoil.

In this example, equipment breakdown insurance may help pay for:

  • Business income you lost while the power was out
  • The cost to repair your walk-in refrigerator and to replace a computer that were damaged by a power surge that occurred when the electricity was restored
  • Costs associated with the time and labor to repair and replace your damaged equipment
  • The cost to replace any spoiled food

Also known as boiler and machinery insurance, or mechanical breakdown insurance, equipment breakdown insurance helps cover:

  • The cost to repair or replace damaged equipment, including time and labor
  • Lost income
  • Spoiled inventory
  • Necessary expenses incurred during the restoration period

There are five categories of equipment that equipment breakdown insurance typically covers:

  1. Mechanical, which includes motors, engines, generators, elevators, water pumps and specialized production and manufacturing equipment.
  2. Electrical, which includes transformers, electrical panels and cables.
  3. Computers and communications, which includes computer systems, phone systems, voice mail systems, security systems and fire alarm systems.
  4. Air conditioners and refrigeration systems
  5. Boilers and pressure equipment

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