Business Insurance in CT: In the Business of Protecting You

Since 1932 we have been helping businesses throughout Dayville, Norwich, CT, and the surrounding areas protect against the risks they face day-in, day-out, to help them safeguard the value they’ve worked so hard to build.

Connecticut Business Liability Insurance with the Byrnes Agency

Insuring Your Risks

The Byrnes Agency’s trained specialists have the experience and expertise in providing comprehensive large and small business insurance in Connecticut tailored to your specific needs and in sync with your exposures, risk tolerance, and budgetary parameters. As an independent agency, we have access to a number of top-rated insurance companies. This enables us to get you the most for your insurance dollar and find small business insurance solutions that go beyond standard policies when you need them.

A Broad Spectrum of Commercial Insurance Coverages

Our clients include a wide range of diverse businesses, including auto repair shops, contractors, property owners, distributors, manufacturers, service providers, just to name a few. Let us put our knowledge of the industry, insurance, and risk management to work for you as well.

Our portfolio of products and services include:

  • Business Auto Insurance
  • Claims Management
  • Cyber Liability
  • Directors & Officers Liability
  • Employment Practices Liability
  • Equipment Breakdown Insurance
  • Excess Liability
  • General Liability
  • Professional Liability
  • Property Owners Insurance
  • Rental Properties Insurance
  • Risk Assessment & Management
  • Surety Bonds
  • Workers’ Compensation

Small Business Insurance Policies

The lack of certainty that business owners and managers face when running a company is substantial. Most liability insurance for small business begins with basic coverages that can help protect your operation against a financial loss due to an unexpected accident. Here are important policies small businesses should know.

General Liability Insurance

General liability insurance exists to cover incidents that fall under your duty of care in the state of Connecticut. These costs could be for repairs for damage caused by one of your workers, medical expenses for a nonemployee’s injury, legal defense representation, or settlement payments.

Workers’ Compensation

Connecticut law states that any company with employees must carry workers’ compensation insurance. Not only does a workers’ compensation policy cover illnesses and injuries sustained in job-related accidents, but it also prevents employees that file claims from simultaneously bringing forth a personal injury lawsuit against you or your small business.

Property Owners Insurance

The commercial property owned by your business in Connecticut is likely one of your most considerable assets and susceptible to devastating incidents such as storm damage, fires, break-ins, or structural malfunctions. From retail stores to warehouses to office facilities, property insurance protects you against losses from damage to your building and the physical assets within it, including inventory, equipment, and furniture.

Excess Liability

Sometimes called an “umbrella policy,” excess liability will extend your coverage if your costs due to a severe bodily injury, product malfunction, or commercial vehicle accident exceed your standard liability policy limits.

Specialized Business Coverages

Litigation is a popular retaliatory method in modern America, and the nature of your particular industry might expose your company to unique risks. Fortunately, you can choose from a broad range of commercial coverage options to create a specialized policy package that suits your business liability & insurance needs.

Business Auto Insurance

Connecticut legally requires any large or small business owner that owns at least one vehicle to carry commercial auto insurance. The state-mandated minimums are liability coverage for property damage and bodily injury, and coverage for uninsured motorists. You can also expand your policy to include coverage for collisions and workers performing business duties in their personal cars.

Cyber Liability

Malicious hacking tactics continue to evolve at the same rate as cybersecurity measures, and even small business owners are at risk for a data breach. If any of your business operations or transactions take place digitally over the internet or use cloud storage, you could be vulnerable to external and internal cybersecurity threats.

Directors & Officers Liability

Corporate officers, directors, and chief executives could face a risk of lawsuits that target their personal finances and properties in addition to the company’s assets if an exposure incident stems from negligence or upper-level mismanagement. Damages sought can add up to millions of dollars, and umbrella policies often do not protect your business’s from liability in corporate wrongdoings.

Employment Practices Liability

Despite your company’s best intentions, an oversight, a miswritten workplace policy, or a disgruntled former employee is all it takes for you to find your small business defending a lawsuit. An employment practices liability insurance policy can help with legal action expenses due to alleged claims brought forth by employees, such as discrimination, wrongful termination, or sexual harassment.

Equipment Breakdown Insurance

Nearly every company operation relies on some combination of equipment, machinery, or systems. When those means suffer a breakdown or critical failure, equipment breakdown insurance can protect your business against losses from repairs, replacements, inventory replenishment, and production interruptions.

Professional Liability

Also known as “errors and omissions” insurance, professional liability insurance is for claims that hold your business financially responsible for a mistake or misjudgment in a professional capacity. Sectors that face a higher risk are often consultatory or advisory services providers, such as architects, engineers, and lawyers.

Rental Properties Insurance

Rental property owners have multi-faceted risk exposures and property value considerations unique to both the industry and each investor’s situation. Rental real estate owners need protection from disaster damage, liability claims from tenants, and revenue loss due to repairs or vacancies.

Additional Business Insurance Services

Claims Management

If your company has ever suffered an incident covered by an insurance policy, you are likely familiar with the time-consuming claims process. You have to report the event, document the losses, gather fault evidence, and work with adjusters. Our claims management service can lead your business through the claim process as well as negotiate disputes and provide audit support.

Risk Assessment & Management

While commercial insurance exists to protect your business from unforeseen events, the best practice is to do your best to prevent incidents from occurring at all. We can perform a complete risk assessment on your operation and provide resources for ADA and OSHA compliance, workplace safety training, loss prevention strategies, and asset appraisals, to name a few.

Surety Bonds

For certain commercial operations and contract obligations, your Connecticut business is responsible for upholding state and local requirements by obtaining surety bonds such as those for public service projects, licenses, permits, municipal code compliance, or employee fidelity.

Mitigate Your Risks With Commercial Insurance Connecticut From the Byrnes Agency

It is crucial to understand that certain events or assets — coastal flooding, structural damage during civil unrest, or customer-owned property stored on your premises, for example — may not be eligible for protection under general liability policies. However, specialized insurance coverage, policy riders, and surety bonds exist that can mitigate most risks that your business might face. Our Connecticut business insurance agency staff are dedicated to building a business insurance package that provides your company with enough information and coverage to give you a sense of security and responsive personal support that will give you peace of mind. Call us for a quote today.