Protecting your business assets — Coverages

As a large, regional firm, Payne Financial Group can meet virtually any insurance need for any company, regardless of size. This includes offering many of the products you might expect such as property and liability coverage. But it goes beyond that. For example, we have dedicated risk management and claims management teams that actively work on each client’s behalf to ensure competitive rates and fair resolutions. For more on our service, select the one you’re interested in.

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Protecting your business assets — Business Auto

Conducting business in the West often requires a fair amount of windshield time. At Payne Financial Group, we believe this makes quality coverage for our clients’ business vehicles imperative. After all, the more time spent in the car, the more distance covered, the greater the chance of an accident.

Our advisors work with fleets of all sizes, from a single car to several dozen service trucks. We help clients determine the appropriate coverage levels for their vehicles and for the employees who drive them. And we work with carriers to secure fleet discounts and develop best practices that promote safety and cost savings.

Protecting your business assets — Commercial General Liability

Commercial General Liability is the most basic type of insurance, and one of the most important. A single loophole or overlooked policy clause can mean the difference between business as usual and bankruptcy. At Payne Financial Group, our advisors work with clients across a wide range of industries. Our experience and knowledge help us assess risk for each client and select the appropriate policies and coverage limits. Our expertise also helps us get our clients extraordinary value from our carriers. General liability may be basic coverage, but that doesn’t mean we take a cookie-cutter approach.

Protecting your business assets — Commercial Property

For many companies, the greatest assets on their books are their buildings, offices or factories and what’s inside them. A fire or burst water main can utterly destroy these vital assets. But it doesn’t have to destroy the company, too.

At Payne Financial Group, our advisors work with clients across a wide range of industries. Our experience and knowledge helps us set appropriate coverage limits based on property value. It also gives us the insight to help clients avoid catastrophic events in the first place by following best practices for materials storage and fire safety. Our combination of assessment and risk mitigation delivers greater value for every dollar our clients invest in their insurance programs.

Protecting your business assets — Workers’ Compensation

Business owners say it all the time, “Our greatest asset is our people.” At Payne Financial Group, we take that mantra seriously. Our advisors work closely with clients to select the right provider for Workers’ Compensation. But we don’t stop there. We assess our clients’ MOD rates, arrange for safety audits, help set programs to reduce fraud and provide suggestions for improving the safety of their operations — often resulting in better rates compared to peer companies.

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Protecting your business assets — Professional Liability and beyond

Mistakes happen. At Payne Financial Group, we help clients keep those mistakes from becoming financially catastrophic. Our advisors assess exposures and recommend appropriate liability limits and types of coverage. We then shop our carriers to ensure competitive rates. In addition, we also provide guidance on quality control measures to reduce the risk of errors and omissions, and to control the cost of coverage.

In addition to professional liability coverage, Payne Financial Group also can provide guidance on the inclusion of coverage for employment practices liability, employee benefits liability, and directors and officers liability. These typically inexpensive additions to standard liability coverage provide deeper protection of company and personal assets and even help cover legal fees in some cases.

Protecting your business assets — Risk Management

Business owners often lament the cost of insurance and assume there’s nothing they can do to keep those costs under control. That’s simply not true. Most carriers offer discounts to responsible business owners with proven track record s of effective risk management and exposure mitigation.

At Payne Financial Group, our advisors look for these cost-saving opportunities and present them to clients. In fact, we have an entire team dedicated to helping clients reduce risk and financial exposure through work safety plans, Return-to-Work programs, quality control measures, Internet security protocols and much more. We help clients get incredible value from our carriers. Risk management plays a significant role in making that happen.

Protecting your business assets — Umbrella/Excess Coverage

Businesses often purchase liability protection above and beyond their primary automobile, general liability, professional liability or workers’ compensation policies. In some cases, these umbrella policies also are used to cover exclusions in primary policies. At Payne Financial Group, our advisors work with clients to assess these additional areas of need and determine appropriate coverage levels. We then make recommendations based on a client’s overall insurance program and risk factors. We make sure our clients are properly insured, not over-insured.