Comercial/Business Insurance Data Form

 We believe in keeping things simple. This form will help us streamline your Commercial Insurance quote and provide the best service possible.  If you have any questions, please don't hesitate to contact us. We're here to help. 

We offer Commercial or Business Insurance in 11 states! 

VT • NH • NY • MA • ME • CT • RI • PA • NJ • DE • SC

 Northshire Insurance specializes in Commercial and Business Insurance, offering tailored solutions to businesses of all sizes. As an independent insurance agency, we pride ourselves on our ability to provide comprehensive coverage by harnessing our extensive network of over 200 carriers. 

Our commitment to excellence ensures we can secure the right insurance options to safeguard your business's unique needs and assets.  You can trust Northshire Insurance to be your dedicated partner in protecting your commercial 

ventures.

Here is a list and brief description of our Commercial Insurance offerings:  

1. General Liability Insurance: Protects against claims for bodily injury, property damage, and personal injury from third parties.
2. Property Insurance: Covers damage or loss of physical assets, including buildings, equipment, and inventory.
3. Business Interruption Insurance: Helps cover lost income and expenses during business disruptions.
4. Commercial Auto Insurance: Provides coverage for business-owned vehicles involved in accidents or property damage.
5. Workers' Compensation Insurance: Covers medical expenses and lost wages for work-related injuries or illnesses.
6. Professional Liability Insurance (E&O): Protects against negligence claims or mistakes in professional services.
7. Product Liability Insurance: Covers legal claims related to injuries caused by products your business manufactures or sells.
8. Cyber Liability Insurance: Shields against financial losses from data breaches and cyberattacks.
9. Directors and Officers (D&O) Insurance: Protects personal assets of company leaders from legal claims related to management decisions.
10. Employment Practices Liability Insurance (EPLI): Covers claims related to employment issues like discrimination and wrongful termination.
11. Umbrella/Excess Liability Insurance: Provides additional liability coverage beyond primary policies.
12. Inland Marine Insurance: Covers movable property and goods in transit.
13. Cargo Insurance: Protects against loss or damage to cargo during transportation. 

An insurance audit is a process in which an insurance company reviews a policyholder's records and financial information to verify the accuracy of the information provided when the insurance policy was initially issued. 

An insurance audit aims to ensure the policyholder pays the correct premium based on the business's size, operations, and associated risks. 

These audits help prevent underpayment or overpayment of premiums and detect misrepresentations by policyholders and lazy agents. 

If discrepancies are found during the audit, adjustments to the premium may be made to reflect the actual risk exposure. 

If it's discovered that you overpaid based on your audit, your company will receive a refund or credit towards your next term.

When we start your commercial and worker's compensation insurance policy, we ask three questions besides what your company does or what services are offered. 

1.  How many employees or subcontractors do you have?

2.  How much is your Payroll?

3.  What is your company's gross income?

It's relatively easy, and even if we estimate because the company is new, the closer we are to those actual numbers, the less we have to worry about post-audit.

Audits will happen, yes, sometimes it's at random, but they are a standard part of the industry and should not be balked at or intimidating.

It is important to check your mail & email and always open up those letters from your insurance carriers.

When an audit is not done after it is requested, carriers will adjust your premium to the national average for other companies in the same field.  This can double or triple the payment, and you have to pay it all at once.  It can take a few weeks to correct this.

So open that mail or email to see what they want; it could be a billing statement that you're used to discarding because you are on automatic payments, or it could be an audit! 

 Feel free to contact us with questions!