High Risk Commercial Insurance Easy Help Available

Get expert help now with many types of High Risk Commercial Insurance from experienced brokers.

We help business owners in across America find insurance when they are considered “risky”.

Contact us now and get professional help quickly (833) 604-1348 .

Get help with high risk commercial insurance from our licensed professionals (833) 604-1348 .

Liability Insurance | Commercial Auto | Workers Comp

Commercial insurance is an essential part of protecting businesses of all sizes against a variety of potential risks and liabilities. It can provide financial protection for businesses in the event of a loss, and can also help companies stay in compliance with applicable laws and regulations. One type of commercial insurance that is particularly important for many businesses is high risk commercial insurance.

This type of insurance is designed to protect businesses that are in high-risk industries or activities, such as construction, transportation, energy, and manufacturing. We will provide an overview of high risk commercial insurance and its history, discuss the various types of coverage available, and discuss the pros and cons of this type of insurance. More detailed confidential conversations may be needed with you to select the correct policy needed.

History of High Risk Commercial Insurance

The history of high risk commercial insurance dates back several centuries. The earliest forms of insurance were designed to provide protection against risks from fire, shipwrecks, and other disasters. As the need for different forms of insurance grew, so did the number and types of insurance policies available.

The modern concept of high risk commercial insurance was first developed in the 18th century. At the time, insurance companies began offering specialized coverage for businesses that were considered to be in high-risk industries or activities. This type of insurance was designed to protect these businesses against the potential losses that could be caused by these activities.

Since then, high risk commercial insurance has evolved to become a widely used and important type of insurance for businesses in many different industries. It is now seen as an essential form of protection for businesses that are in high-risk industries or activities.

Types of Coverage

High risk commercial insurance provides businesses with protection against a variety of potential risks and liabilities. Some of the most common types of coverage available include:

• Property Coverage: This type of coverage provides protection for physical property owned by the business, such as buildings and equipment. It can also provide coverage for losses due to natural disasters, such as fires and floods.

• Liability Coverage: This type of coverage provides protection for businesses in the event that they are sued for damages or injuries caused by their business activities. This type of coverage can also provide protection for businesses that are found to be liable for environmental damages caused by their activities.

• Professional Liability Coverage: This type of coverage provides protection for businesses in the event that they are sued for professional negligence. This type of coverage can also provide protection for businesses that are found liable for damages caused by their professional advice or services.

• Business Interruption Coverage: This type of coverage provides protection for businesses in the event that they are unable to operate due to a covered event, such as a natural disaster. This type of coverage can also provide protection for businesses that are unable to operate due to a power outage or other causes.

• Product Liability Coverage: This type of coverage provides protection for businesses in the event that their products cause injury or damage to a customer or end user. This type of coverage can also provide protection for businesses that are found liable for damages caused by their products.

Pros and Cons of High Risk Commercial Insurance

High risk commercial insurance can provide businesses with an essential form of protection against a variety of potential risks and liabilities. However, it is important to consider the pros and cons of this type of insurance before making a decision about whether or not it is right for your business.

Pros:

• Provides Protection: High risk commercial insurance can provide businesses with protection against a variety of potential risks and liabilities. This type of insurance can help businesses stay in compliance with applicable laws and regulations, and can also provide financial protection in the event of a loss.

• Customizable Coverage: High risk commercial insurance policies can be customized to meet the specific needs of a business. This allows businesses to choose the coverage that is right for their particular situation, and can help them ensure that they have the protection they need.

• Cost-Effective: High risk commercial insurance can be an affordable option for businesses that need protection against potential risks and liabilities. This type of insurance is typically more cost-effective than other types of insurance, and can help businesses save money on their insurance costs.

Cons:

• Higher Premiums: High risk commercial insurance typically comes with higher premiums than other types of insurance. This is due to the fact that businesses in high-risk industries or activities are more likely to experience losses, and the insurance company will need to charge higher premiums in order to cover the potential costs.

• Limited Coverage: High risk commercial insurance policies typically have more limited coverage than other types of insurance. This means that businesses may not be able to get the full coverage that they need for their particular situation.

• Denied Claims: High risk commercial insurance policies can be more likely to have claims denied than other types of insurance. This is due to the fact that businesses in high-risk industries or activities are more likely to experience losses, and the insurance company may not be willing to cover those losses.

High risk commercial insurance is an essential type of insurance for businesses in high-risk industries or activities. It can provide businesses with protection against a variety of potential risks and liabilities, and can help them stay in compliance with applicable laws and regulations. However, it is important to consider the pros and cons of this type of insurance before making a decision about whether or not it is right for your business.

High Risk Commercial Auto Insurance Markets Special Types Classes
Armored Trucks or Cars
Bookmobiles
Bloodmobiles
Drive-Away Contractors
Driver Training School
Private Passenger* & Truck
Emergency Ambulance

Escort Vehicles
Fire Department Vehicles
Funeral Director Vehicles
Law Enforcement Vehicles
Medical Transportation
Mobile Barber Shop
Non Emergency Medical Transportation
Mobile Truck Advertising & Concession
Mobile Car Detailers / Repair
Mobile Office Truck or Trailer
Non-Emergency Ambulance
Pizza / Fast Food Delivery
Rental Vehicles
Private Passenger Type
& Commercial Vehicles
Repossession Operation
Sales Person Autos
Security Patrol
Traveling Medical Service Professionals

Other high risk commercial insurance type classes that may cause your business to have trouble finding insurance.

Artisan Contractors
Butane, Propane, LPG Dealers and Installers
Clearing, Grading or Land, Excavation
Demolition
Electrical Apparatus Installation
Electricians NOC
Excavation, Grading and Equipment
Farming
Framing and Carpentry
Freight Handlers
Gunite Contractors
Heavy Construction
In Home Care and Assisted Living
Janitorial
Landscaping
Limousine Services
Manufacturing
Masonry and Concrete
Millwright Work
Oil or Gas Lease Work
Oil or Gas Well Supplies Equipment Dealer
Painting
Pipe or Tube Manufacturing
Pipe Reconditioning
Pool Plastering
Property Management
Residential Care
Residential Cleaning
Roofing
Staffing
Steel or Iron Fabrication or Erection
Swimming Pool Contractors
Transportation
Warehouses