Protecting Your Business Assets - Industries

All companies regardless of industry need asset protection, whether for property, liability or both. But the coverage and liability requirements vary dramatically by industry and size of organization. Payne Financial Group is a large, regional firm. We have the resources to ensure you get expert advice that fits your company and industry. To learn more about our areas of expertise select the industry that best fits your company.

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Protecting Your Business Assets — Select Business Division

At Payne Financial Group, we work with hundreds of entrepreneurial businesses — many with fewer than 10 employees. Businesses like these, regardless of industry, require owners to wear many hats and fill many roles. These busy executives don’t have time to become insurance experts. We recognize that, and have created our Select Business Division (SBD) to address their unique needs.

Select Business Division clients work with an experienced Insurance Account Executive who is well trained in the insurance needs of dynamic, changing businesses. Our account executives maintain key relationships with partner carriers and are able to provide clients with needed coverage and outstanding service, while requiring very little of their time. As needs arise, SBD clients simply contact their account executives to add coverage, set up a consultation or connect with specialized services, such as surety or risk management.

With SBD, clients receive excellent service, coverage and expertise without getting bogged down in insurance minutia.

Protecting Your Business Assets — Agriculture

Agriculture is the lifeblood of our region. Naturally, we provide insurance packages to cover a full range of agricultural businesses — from family farms to contract harvest operations to regional stockyards. Our advisors help agricultural businesses with insurance programs that cover equipment, property, livestock, crops and more general business needs, such as liability and workers’ compensation. All while balancing their needs to cover risks appropriately at a competitive price.

Protecting Your Business Assets — Banking & Finance

The best security in banking and finance isn’t a safe, it’s the right insurance program. At Payne Financial Group, our banking team helps financial clients choose the right types and levels of traditional, professional insurance coverage, such as business liability and property. But more importantly, we are experts in the unique exposures financial entities face — fraud, embezzlement and Internet theft of customer records. Our programs help clients protect a financial organization’s assets as well as the assets of board members from these risks and others.

Protecting Your Business Assets — Construction

Construction is a vital, growing business in the region. But like everywhere else, margins have become increasingly thin. A relationship with a Payne Financial Group advisor can be a competitive advantage. Having the appropriate coverage at the right price helps our clients keep bids lean. Being able to turn to an expert for added coverage or for assistance with bonding ensures they’re ready to take advantage of opportunities quickly.

At Payne Financial Group, we serve a wide range of construction companies, from independent homebuilders and subcontractors to the region’s largest and best-known commercial contractors. For each of these companies, our advisors assess risks and develop programs to protect assets, such as equipment, while also covering a spectrum of liability, including professional, general, workers’ comp and more.

Protecting Your Business Assets — Hospitality

As an industry, hospitality has a unique combination of risks. These include property and furnishings but also an array of liability concerns. Indeed it may be the only industry where upgrading security, fire suppression or signage can so dramatically impact a client’s rates.

To address this unique industry, Payne Financial Group created a Hotel Business Insurance practice. This specialty practice works with hospitality clients, exclusively. Our hospitality team has significant experience in the industry and understands the unique exposures faced by h otel property owners. We’ve even developed a suite of insurance products specifically for resorts, hotels and motels.

Many of the region’s largest chains and most prominent resort properties turn to Payne Financial Group for our tailored insurance programs, risk management, dedicated claims services and access to the highest-quality insurers.

Protecting Your Business Assets — Manufacturing

Manufacturing isn't a single industry. It's dozens of industries, each with a unique set of risks and exposures. At Payne Financial Group, our advisors create custom programs that cover a full range of physical assets and liability based on the type of manufacturing, exposure to risk and value of assets. We also employ loss-management specialists who help our manufacturing clients keep premiums in check by reducing their exposures to risks such as workplace accidents. Whether a client is making pharmaceuticals or log home kits, our advisors ensure they’re well covered.

Protecting Your Business Assets — Nonprofit Organizations

Nonprofit organizations include a wide range of business types. Some, like a scout camp or child-care facility, have multiple liability exposures. Others, like a land trust or medical foundation, have a professional office profile. In all cases, a Payne Financial Group advisor has the expertise to identify risks, recommend the right insurance program and shop it to providers to get nonprofit organizations terrific value for their insurance dollars. In addition, our advisors are experienced with policies unique to nonprofits, such as directors' and officers' insurance.

Protecting Your Business Assets — Professional Services

Covering basic liabilities and risks where professional services are concerned isn’t enough. At Payne Financial Group, our advisors dig much deeper, helping clients assess risks and needs such as Internet leaks of employee information, professional liability for specific contracts, continuity planning, executive-level disability compensation programs and much more.

For professional service firms, the right mix of coverage can dramatically reduce financial exposure and help ensure smooth operations in case of a partner’s death or serious injury. Insurance isn’t just a basic necessity, it's a valuable tool.

Protecting Your Business Assets — Resource Industries

The Northwest was built on mining and logging. More recently, oil, natural gas and coal-bed methane have also become vital components of our economy. At Payne Financial Group, we’ve been servicing resource industries in these sectors for decades. We understand the risks our clients face and the need to have them fully covered. A small gap in coverage or an overlooked clause in a policy can result in multimillion-dollar liability claims. There is no room for error.

Our work for resource industries begins with comprehensive risk assessment and appropriate coverage. In the instance a claim is filed, our claims experts advocate for clients with carriers or in court to help ensure fair resolution. We even help clients create programs to improve workplace safety and implement OSHA requirements. We do all we can to create insurance programs that cover risk well, while providing excellent value.

Protecting Your Business Assets — Retail

For retailers, sound coverage of property, people and inventory is essential. Without it, a single incident like a burst water pipe or an employee falling off a storeroom ladder can take everything the store’s owner worked so hard to build. At Payne Financial Group, we help our clients assess their risks and cover them. We also help them mitigate risks with programs to improve workplace safety and best practices for fire prevention and security. The right insurance doesn’t just replace inventory ruined by a burst pipe or compensate an employee injured on the job, it helps retailers stay in business.

Protecting Your Business Assets — Transportation

At first glance, it may seem like rail, aviation and trucking businesses have little in common. From an insurance standpoint, however, they are surprisingly similar. All three types of businesses own and maintain expensive equipment and infrastructure. All three put that equipment in the care of third-party operators. All three are subject to circumstances — like weather — well beyond their control. And, in all three, a single incident can equate to a catastrophic loss of life and property.

At Payne Financial Group, our advisors work with a wide range of transportation businesses. We are experts at assessing the types of risks they face, as well as the scope of those risks. What’s more, we are adept at creating insurance programs that cover the full scope of a given company’s exposure, while working with them to mitigate risks.

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