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Insurance

Develop a Long-Term Strategy with Your Insurance Package

Insurance is typically the foundation of any risk management plan. Some policies are legally required, while others will act as the backbone of your risk management plan.  

Insurance is the primary way to finance risk, meaning you’re paying an insurance carrier a “premium” to take on the risk for you. If you experience an abundance of claims, the insurance carrier will raise your premium to make up some or all of its losses.  

Think of insurance like the lifeboat of a ship. You would never leave shore without it, yet it's not going to help you unless disaster strikes. Holistic risk management is about ensuring you have the lifeboat in place, but also providing the map and compass so you know how to safely navigate forward. 

Customize Your Commercial Policies

Find the right business insurance package for your business.

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  • Business Interruption  
  • Business Owners Policy  
  • Captive Insurance Programs 
  • Commercial Auto  
  • Commercial Property  
  • Commercial Umbrella 
  • Crime  
  • Cyber  
  • Directors & Officers  
  • Environmental  
  • Employment Practices Liability
  • Errors & Omissions  
  • Fiduciary Liability  
  • General Liability  
  • Medical Malpractice  
  • Professional Liability  
  • Surety Bonds 
  • Workers' Compensation
“I think the most impressive aspect is people at Ellerbrock-Norris have taken the time to understand our unique business model and the service delivery options we offer and how to integrate that into the insurance world. I know we wouldn't be where we are today without Ellerbrock, especially the people there.”
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John Hoffman, Paradigm
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What is Risk Management?

Learn how a holistic risk advisor can help you protect your purpose – whether that's your business, your life or your future.

Why Consider Business Insurance?

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Coverage to Fit Your Needs

Different insurance policies cover specific types of risks. By strategically aligning multiple policies, you can tailor your coverage to address a wide range of potential threats to your business. 

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Easy to Implement

Unlike other impact areas of risk, buying an insurance policy is fairly easy, and coverage often starts quickly, allowing you a quick fix to many potential risks. 

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Legal and Contractual Requirements

Depending on your industry and location, you might be legally required to have certain insurance coverage. It's your responsibility as a business to understand your legal requirements, including which insurance coverages you elect. You may even need insurance to enter certain contracts or work with specific clients.  

Risk Management Scenario

A business has underlying coverage and an umbrella policy of $1 million, despite growing from two to 12 employees over the last three years.  

One day, your employee crashes a commercial truck into a restaurant, resulting in injuries and major damage. Your underlying policy might cover up to $1 million and your umbrella kicks in another $1 million, but the potential lawsuits could push your damages well past the $5 million range.  

Having a sufficient umbrella policy could have helped pay for the excess cost beyond your coverage limits. Instead, you’re on the hook for $3 million, which could put you out of business. 

Risk Management Scenario

A business has underlying coverage and an umbrella policy of $1 million, despite growing from two to 12 employees over the last three years.  

One day, your employee crashes a commercial truck into a restaurant, resulting in injuries and major damage. Your underlying policy might cover up to $1 million and your umbrella kicks in another $1 million, but the potential lawsuits could push your damages well past the $5 million range.  

Had you elected sufficient umbrella coverage, it could have helped pay for the excess cost beyond your coverage limits. Instead, you’re on the hook for $3 million, which could put you out of business. 

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Whether you're looking for business insurance, group benefits or business exit planning, we're here to help. Simply fill out the form below and we'll reach out to get process started.