Southern Agency offers insurance packages which are tailored to individual needs. Whether you're shopping for insurance for your business, building, business property, workers compensation, inventory or company vehicles we offer insurance products and services to protect your businesses.

In addition we offer group health, life and disability insurance for you and your employees. Southern Agency writes all kinds of businesses and specializes in the following risks:

Read on to find out more abouot different types of Commercial Coverage...

GENERAL LIABILITY

What It Protects Against: Accidents and injuries that happen on company property or the property of a client. General liability insurance may also include forms or endorsements to provide protection against products liabilities.

How it Works: Commercial general liability coverage or ("GL" or "CGL"") includes payments to injured persons or owners of property that become damaged as a result of the negligence of the business or its employees. These payments cover medical expenses and the costs of defending lawsuits, including legal settlements or investigations. Such insurance may also provide the means to post bonds during legal proceedings, or pay judgments.

A GL policy also covers liable, slander, advertising injury, copy write infringement and other personal injuries. Owners of businesses which do not carry commercial automobile insurance may nonetheless purchase hired and non-owned coverage under a GL policy to shield them from liability which might occur if an employee uses his/her personal vehicle and becomes involved in a vehicular accident while on company business.

Who needs it: Most, if not all, companies. This is the most basic type of liability insurance.

What you need to know: GL policies exclude losses that can be covered under other types of policies such as:

BUSINESS OWNERS POLICIES

What It Protects Against: A variety of property and liability risks. It is often compared to a homeowner's policy for a business.

How it Works: Business Owners Policies ("BOPs") combine basic coverage's needed by small or mid-size companies into a single policy with a single premium that should cost less than buying coverage's separately.

Covered perils for property coverage include those covered under regular commercial property policies such as fire, wind storm and explosion. Property coverage also covers loss of business income and extra expenses resulting from a covered property loss. Among the available optional coverage's:

Who needs it: Small to mid-size companies. Insurers created BOPs to make insurance easier and less expensive for these types of businesses.

What you need to know: Premiums are based on location, type of building construction, public fire protection, occupancy type, existence of fire sprinklers and limits/deductibles applicable.

PRODUCTS LIABILITY

What It Protects Against: Cost of judgments, settlements and legal fees arising from damages or alleged damages caused by a faulty or defective product.

How it Works: Coverage cost depends on the kinds of products being underwritten. Some, such as lawn mowers or wood-burning stoves, are more dangerous than others or at least they are perceived as such. Goods with a higher potential for injury include:

Who needs it: The manufacturer, seller and the vendors of the products, both retail and wholesale, because all may be liable. Liability may be extended beyond the design or manufacturing the product itself to:

What you need to know: Lawsuits may challenge product design and safety, testing and hazard potential. They may also question the level of customer education of product recall activity, if any.