At DJL we can “bundle” the most important Property and Liability coverages you need into comprehensive package policies such as the Business Owners Policy (BOP). This customizes coverage for your type of business, eliminates gaps in your protection, and saves you money.
Property Insurance can cover your building and its contents such as furniture, machinery, inventory, computer hardware, software and other office equipment. Protection can be broadened further to insure against loss of business income (including rental income for real estate owners), money & securities, accounts receivable, valuable papers, and re-creation of lost or damaged records.
Commercial Liability insurance provides coverage against personal injuries or property damage on your business premises or caused by your operations (including legal fees and judgments). Protection isn’t just about slips and falls. It can include coverage in case your product causes injury or sickness.
Almost every business must have Workers Compensation insurance to provide employees with protection in the event of job related injuries. But providing a policy is just the beginning — at DJL we make sure your payroll is properly classified by job category so you’re not overcharged when the policy is issued. We verify again when your payroll is audited at the end of the policy period to make sure your final premium is correct.
A business can get sued for almost any injury, even if it appears slight or questionable. Extra coverage above the limit of a Commercial Liability policy can be important. It’s “peace-of-mind” insurance of $5 million, $10 million or more to give you the comfort that you’re protected against large lawsuits.
Many businesses must guarantee various municipal or state authorities that they will conduct their activities according to regulations and/or complete their projects. These promises must be secured by posting a bond such as a Liquor Bond, a Customs Bond, or Bid and Performance Bonds for contractors, to name just a few. DJL is familiar with this aspect of insurance, called Surety, and we will respond knowledgeably and quickly to your needs. Coverage can be provided for risks such as bonding, fidelity, EDP, properties held in trust, investment banking, M&A and settlements liability.
Any vehicle owned by your business, even a so-called “personal car”, must be insured by a Commercial Automobile policy. This coverage must be purchased separately – it is not included in the Commercial Liability policy that covers your business premises and operations. Once you purchase the separate auto policy, an Umbrella Liability Policy can be used to increase your limits of automobile liability protection. Of course, the auto policy also can provide “comprehensive” coverage for fire and theft as well as collision insurance for a single vehicle or a whole fleet.
DIRECTORS & OFFICERS LIABILITY
Protect your Board of Directors and Officers from liability arising from their duties to the company or non-profit organization.
SPECIAL EVENTS LIABILITY
Special events each have their own type of liability. We will help you find the appropriate coverage that is specifically suited for the scope of your special event.
HOMEOWNERS AND RENTER’S
Whether you own a home, condo, co-op or are a renter, DJL will help you select the appropriate form of Homeowners insurance to protect your building, its contents and improvements. The Homeowners Policy also covers detached structures such as garages or storage sheds and extra living expenses if a loss forces you to temporarily move out. We can arrange “floaters” for broad protection of jewelry, furs, fine arts and cameras or other particularly valuable property anywhere in the world. Renters Insurance will provide protection to your valuables. Some Homeowners policies can even provide additional personal liability for volunteer director or officer on a non-profit organization. Personal Liability coverage is also included for accidents to visitors on your property or injuries you or your family cause off the property, such as on a golf course.
Vehicles that your family owns personally must always be insured on a Personal Auto policy. DJL will advise you on the appropriate liability limits and the intelligent use of deductibles to control the cost of collision and “comprehensive” fire and theft protection.
PERSONAL UMBRELLA LIABILITY
DJL can arrange high limits of personal liability insurance for you and your family. A Personal Umbrella will provide important additional protection for legal judgments that exceed the liability limit of your Homeowners policy or Auto policy. This additional peace of mind is much less expensive than you’d think!
IDENTITY FRAUD INSURANCE
Provide coverage to protect you from the financial and liability risks associated with identity theft and credit card fraud.
ASIAN AMERICAN BUSINESS OWNERS ASSOCIATION SAFETY GROUP (AABA)
AABA is underwritten by the New York City-headquartered AmTrust Financial Services, a multinational property and casualty insurance company. Since 1989, David J. Louie has been saving many businesses thousands of worker’s compensation dollars with our exclusive AABA Safety Group through a combination of a 15% up-front, immediate premium discount and dividends. Although dividends vary with the group’s profitability and cannot be guaranteed, the group has paid a dividend every year. Restaurants, wholesalers, retailers and manufacturers are eligible. If your business qualifies, membership is free.
FINE DINING AND FAMILY STYLE RESTAURANT PROGRAM
In properly protecting a restaurant, DJL has created one of the most comprehensive programs designed specifically to include some obscure or overlooked specialty coverages: for example, accounts receivable, auto/valet parking liability, food contamination or spoilage and equipment breakdown. Our program can also include coverages for loss of earnings, liquor law liability, crime, employee dishonesty, worker’s compensation and disability that are all components of a restaurant protection package. DJL will give examples of losses, analyze and explain the need for some or all of these coverages.
PROFESSIONAL COVERAGE FOR PHYSICIANS AND HEALTH CARE FACILITIES
DJL represents the Physicians Reciprocal Insurers Malpractice Program (PRI). We are the go-to source for doctors, hospitals and health care facilities seeking quality medical malpractice insurance and risk management services. Since 1982 PRI has provided premium value and comprehensive malpractice services to the medical profession. Today PRI is New York State’s second largest underwriter of physicians, professional liability insurance and also writes general liability coverage for hospitals and health care facilities