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Northwestern Insurance Group, LLC

4800 SW Meadows Rd., Ste. 300
Lake Oswego, OR 97035

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What Types of Commercial Insurance Will Best Protect My Business?

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State law requires some businesses to carry certain insurance. However, it’s a good idea to voluntarily purchase the right commercial insurance for your business in Portland, OR. Northwestern Insurance Group LLC agents can provide the advice you need to choose the right policy for your company. 

Here are some of the most common types of business insurance:

General Liability Insurance

General liability insurance covers property damage and bodily injury plans against your company. If a customer slips and falls in your office or retail store, general liability insurance will cover the cost of medical expenses. In some cases, it also covers liability for work done on location by you and your staff.

Professional Liability Insurance

Professional liability insurance pays for claims related to unintentional mistakes made while providing professional services. If you own an accounting firm and make an error on a customer’s financial reports, you may have to pay for it out of pocket if you don’t have professional liability insurance. This coverage is also called errors and omissions insurance.

Business Income Coverage

If your business experience is interrupted, business income coverage reimburses you for lost income. Examples include fire or storm damage and losses due to theft.

Commercial Property Insurance

Property insurance for your business covers rented or owned property and equipment. If someone steals computers from your office or expensive equipment from your restaurant, commercial property insurance can help cover the cost of replacing the lost items.

Data Breach Insurance

If you purchase data breach insurance, it can help cover the cost of hackers exposing And stealing customer data. Typically, data breach insurance covers the cost of notifying impacted clients and federally mandated credit monitoring services related to the breach. It can also cover the cost of improving public relations following a breach.

Commercial Umbrella Insurance

If you want to extend your existing commercial insurance policy, umbrella insurance can bridge the gap. So, for claims exceeding policy limits, your umbrella insurance would reimburse you up till the maximum payout.

Give Us A Call

Contact Northwestern Insurance Group LLC to learn more about commercial insurance for your business in Portland, OR.
 

What to Do if My Home has Been Robbed

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Finding out you have been the target of a burglary is a disorienting and scary experience, and it’s vital to call law enforcement right away. It is recommended that you leave the premises immediately and that you stay off the property.

Resist the urge to investigate the damage or to see what was done because you could be the victim of a dangerous assault. Additionally, you may tamper with evidence needed to determine the nature of the crime. Stay with a neighbor or even inside a locked car if no one is available to help. 

Creating a police report gives you the opportunity to obtain documentation central to the event, and that can help with filing your insurance claim later. They may ask you to write a list of all the major items that are missing or damaged. 

This can be done once they have cleared you to re-enter your home. Larger possessions are easier to take note of, so you’ll have to be diligent in searching everywhere to get a clear idea of what has been stolen. 

It’s not required by law that Portland, OR residents have homeowners insurance, though your lender will compel you to purchase indemnification. As soon as possible, contact your Northwestern Insurance Group LLC to file a claim. 

Present them with your list, and include any identifying information, such as serial numbers or purchase prices. Provide any receipts, photos,  accompanying instruction manuals, and warranties to provide confirmation of the value of your items, as this will help the adjuster process your claim.

Northwestern Insurance Group LLC Can Help You

We serve the region of Portland, OR and assist clients by offering  insurance packages to suit your needs. Please reach out to us by phone, online, or in person for further details of how we can be of assistance.