Protect Your Business

Protecting the business you built is our top priority as we understand having inadequate coverage can be devastating to your organization.  Our Business Service Specialists are available to help you understand your exposure and provide you with information on the most economical way to protect your business.  Shop multiple carriers all in one place each who have been afforded A.M. Best "A" ratings to ensure you have the right coverage, at the right price in all 50 states.

A major fire at your workplace or even a minor fall by a visitor can have a dramatic impact on your business. Vehicles involved in an accident while engaged in company business may not be covered by a personal insurance policy. You need to protect your small business from potentially large financial losses.  The following is a list of all the coverage options needed for a successful business.

Every business, even if home-based, needs to have liability insurance.  The policy provides both defense and damages if you, your employees or your products or services cause or are alleged to have caused Bodily Injury or Property Damage to a third party.

Package all the coverages you need as a business owner into one Business Owner’s Policy. Based on your company’s specific needs, you can alter what is included.  Often policies will include business interruption insurance, property insurance, vehicle coverage, liability insurance, and crime insurance. By bundling all or some of these together you will save money as the bundle will provide discounts less than the total cost of all the individual coverages.

You may be surprised to learn that your homeowners insurance does not provide the liability or property protection you need to protect your business assets. With so much invested in your home based business, make sure you have the right coverage to insure your unique exposures.

Ask yourself are you protected in the following common situations:

  • Your business laptop is stolen while you are traveling? 
  • A customer visiting your home slips and falls? 
  • A fire at your home temporarily puts you out of business. Will lost income and the additional expenses necessary to get back in business be covered?

Available Coverages and Limits

  • Business Personal Property (BPP) up to $100,000
  • Liability Limits up to $1,000,000
  • Equipment Breakdown Coverage up to $100,000
  • Business Income with Extra Expense Coverage available up to actual loss exposure
  • Professional Errors & Omissions sublimit of $25,000 included on selective classes
Coverage Features Newtek Group
Off premises coverage YES
Loss of Business Income YES
Limits available to $1 million for Liability and $100,000 for Business Personal Property YES
Optional Coverage for Money & Securities YES
Equipment Breakdown YES
Professional Errors & Omissions sublimit for select classes included in the basic rate YES
A.M. Best A++ rated company YES


If you own your building or have business personal property, including office equipment, computers, inventory or tools you should consider purchasing a policy that will protect you if you have a fire, vandalism, theft, smoke damage etc.  You may also want to consider business interruption/loss of earning insurance as part of the policy to protect your earnings if the business is unable to operate.

Commercial auto insurance protects a company’s vehicles. You can protect vehicles that carry employees, products or equipment. With commercial auto insurance you can insure your work cars, SUVs, vans and trucks from damage and collisions.  If you do not have company vehicles, but employees drive their own cars on company business you should have non-owned auto liability to protect the company in case the employee does not have insurance or has inadequate coverage.  Many times the non-owned can be added to the Business Owner’s Policy (BOP).


Professional liability insurance should be considered for anyone who gives advice, recommendations, or provides a professional service to others. The type of services are varied but include consultants, software developers, network engineers, architects and engineers, lawyers, Doctors, Notary Publics, publishers, accountants, insurance agents and other professions. E&O policies are designed to cover the defense costs and ultimately the final judgment if the business owner is found to be negligent.

A General Liability Policy normally excludes protection for the failure to render or improperly rendering professional services. Professional liability is also referred to as Errors and Omissions Insurance. For some types of professions, insurance carriers may offer a package policy that provides both Professional Liability and General Liability on one policy which normally is more cost efficient.

A Directors and Officers policy provides financial protection to the Directors and Officers of the company if they are sued in conjunctions with the performance of their duties with the company.  The Directors of a Non Profit, public or private company can be held liable for their decisions.  A suit may come from a number of sources including employees, shareholders, investors, competitors, suppliers, customers and lenders.  Recent studies indicate that 39% of private companies with 25 employees or more experienced a D&O suit in the last 5 years with an average cost of $310,000.

If the business stores sensitive or non-public information about employees or clients on their computers, servers or in paper files they are responsible for protecting that information.  If a breach occurs either electronically or from a paper file a Data Breach policy will provide protection against the loss.

Worker’s compensation provides insurance to employees who are injured on the job. This type of insurance provides wage replacement and medical benefits to those who are injured while working. In exchange for these benefits, the employee gives up his rights to sue his employer for the incident. As a business owner, it is very important to have worker’s compensation insurance because it protects yourself and your company from legal complications. State laws will vary, but all require you to have workers compensation if you have W2 employees.  Penalties for non-compliance can be high.


Newtek - Your Business Solutions Company

Newtek has been providing services to clients across the country since 1972. Their experience and track record makes them an invaluable resource to our members. Regardless of your situation, chances are they have worked with others just like you.


Build Your Brand

Branding is a crucial element to developing and growing your business.  Website development, digital marketing and ecommerce are tools to help you communicate your brand to potential customers.  Let our experts help you spread the word.

Payments, Billing and Payroll

Accepting electronic payments can increase your sales, cash flow, and customer satisfaction. Allow your customers the freedom and flexibility to pay how they wish and even on the go with mobile payments and Apple Pay.

Business Savings & Checking

Running a business comes with its own challenges, that’s why our business checking account features unlimited transactions for a low monthly fee.  Save time and money by banking on- the-go using our mobile banking with check deposits.  Open your account today.