The Wharton Group is dedicated to providing the most innovative insurance products available. We have access to most insurance companies because we are one of the largest independent insurance agencies in the country. Our team of professionals work with our clients to structure an insurance program to meet their individual requirements. The following summary highlights some of the coverages available:
PROPERTY INSURANCE - GENERAL LIABILITY - BUSINESSOWNERS' PACKAGE POLICY - AUTOMOBILE INSURANCE - WORKERS' COMPENSATION INSURANCE - UMBRELLA / EXCESS INSURANCE - ENVIRONMENTAL INSURANCE - PROFESSIONAL LIABILITY COVERAGE - DIRECTORS & OFFICERS LIABILITY - EMPLOYMENT PRACTICES LIABILITY - BONDS - RISK MANAGEMENT
PROPERTY INSURANCE
Protects the physical assets of a business from direct loss arising from any cause not specified.
GENERAL LIABILITY
Protects your business from claims arising from alleged bodily injury, personal injury or property damage liability. It includes protection for services you render or products you sell.
BUSINESSOWNERS' PACKAGE POLICY
Combines Property and General Liability insurance coverages on a single, discounted insurance contract.
AUTOMOBILE INSURANCE
This policy can provide a combination of liability protection and physical damage coverage for loss due to damage to vehicles owned, maintained, or used by your business.
WORKERS' COMPENSATION INSURANCE
Provides coverage for accidents or disease arising from employment as prescribed by these state laws. Benefits can include lost wages, medical expenses, and permanent disfigurement/disability payments. State law requires that every employer provide Workers' Compensation insurance for their employees.
UMBRELLA / EXCESS INSURANCE
Provides protection against catastrophic liability claims. The policy acts as an excess coverage over your primary liability polices. Its limits apply in addition to that provided by the underlying coverage.
ENVIRONMENTAL INSURANCE
This coverage is specifically designed to address the potential financial consequences environmental liabilities may pose. It can include First & Third Party Clean-Up, Asbestos and Lead Abatement, Underground Storage Tanks, Hazardous Waste Transportation, Professional Liability plus any other exposure. For additional information click here.
PROFESSIONAL LIABILITY COVERAGE (ERRORS & OMISSIONS)
This coverage is used to insure against loss resulting from your acts, errors or omissions that arise out of the performance of a professional service.
DIRECTORS & OFFICERS LIABILITY
This insurance is used to protect against claims for negligent acts, errors or omissions alleged to have been committed by present or former directors or officers of your corporation.
EMPLOYMENT PRACTICES LIABILITY
This coverage provides protection for actual or alleged wrongful termination, sexual harassment or discrimination against an employee. Examples include:
· The promise of promotion or raise in return for sexual favors.
· Breach of employment contracts.
· Wrongful disciplineThis coverage is important to all businesses, in light of the Americans with Disability Act and recent court decisions.
BONDS
Bonds are distinguished between Surety bonds, which guarantee the performance of a contract, or Fidelity bonds, which protect against the dishonesty of employees. Some additional bonds are Bid Bonds, License Bonds, Permit Bonds, Court Bonds, Miscellaneous Bonds and Financial Guarantee.
RISK MANAGEMENT
Includes identifying and analyzing your exposure to loss, and taking steps to minimize these exposures to levels acceptable to your company. Many times this involves methods or procedures not necessarily related to direct insurance coverages. Basic risk management procedures can involve techniques used to control losses (i.e. loss reduction, loss prevention or exposure avoidance), and risk financing techniques involving transfer of risk or retention of risk by your organization. We also have claims management services available.
