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Liability Insurance

Insurance for Limited Liability Companies (LLC)

 Why does an LLC need insurance?

  • Forming an LLC does not provide you with coverage for legal defense.
  • Running a business through an LLC does not provide you insurance.
  • Insurance can provide coverage for liability, property damage, and more.
  • You may need a certificate of insurance to get a contract or rent space.
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Professional Liability Insurance

Who needs professional liability insurance?

Professional liability insurance is also called E&O insurance or errors and omissions insurance and it helps defend you in the event of a claim for negligence, whether it was your fault or not. Remember that you can be sued even if something was not your fault.

  • if you consult people or give advice as part of your business
  • if your business could cause another person to lose money by making a mistake
  • if you offer a professional service
  • if you need to meet the requirements of a contract
General Liability Insurance

Who needs general liability insurance?

General liability insurance protects your business from claims from a third party (meaning not an employee or officer for accidental bodily injury and property damage. In most cases, your employees, officers, and partners are covered under a policy. Whether you have a home-based, office, or retail business, you should strongly consider buying general liability.

Sample Claim: you visit a client’s office and your are using your laptop.  You plug it in because the battery is charging and a fire starts.  You are liability for the damage to their personal property and the building.

Other Types of Insurance

Types of Business Insurance

  • Coverage for Equipment, like a laptop
  • Building or Property Insurance
  • Business Income or Interruption
  • Commercial Auto
  • Workers Compensation
  • Bonds
  • Data Breach and Cyber Liability
  • ID Theft
  • Crime Insurance (in case an employee steals from your or a client)

You can request all of these types of insurance on this page.

Why choose Stratum Insurance Agency

Stratum Insurance finds Insurance for your type of Business

Quotes are available for both general and professional liability (errors and omissions insurance).  Our team can help by comparing not only the rates of multiple carriers, but also the coverages.  We have access to carriers that allow for different types of translation or interpretation.

Here is an example:  some carriers do not write errors and omissions policies for those who work with medical professionals (such as translating at a hospital), but we have access to carriers that do.  We can help both individual translators and interpreters and agencies.

Learn more about how we can help after fill out the form.