Coverage built for the way you run.

Businesses have many physical assets: buildings, computers, specialized equipment, outdoor signage, inventory. If a fire, storm, or thief damages or steals these assets, you may have to go through a long recovery before opening your doors again. Approximately a quarter of businesses fail in the first year following a disaster or theft.

A personal umbrella policy generally excludes business-related liability. The chances of being sued have dramatically increased — general liability insurance can prevent a legal suit from becoming a financial disaster.

Professional liability protects individuals and companies from assuming the full cost of defending a lawsuit claiming negligence, malpractice, or misrepresentation. These claims aren't covered under general liability — making E&O crucial for anyone providing advice or services for a fee.

Workers' compensation laws ensure that employees injured on the job receive fixed monetary awards — eliminating litigation and creating an easier process for employees. It also limits the financial risk for employers. Most states require employers to carry some form of workers' compensation.

Once your claim reaches your underlying policy's limits, commercial umbrella picks up the rest. Lawsuits can cost a business millions — umbrella insurance is an affordable way to get higher policy limits and keep you from permanently closing your doors.

If you're a contractor, you promise clients you'll finish their work according to stipulations. Surety bonds function as a guarantee that you'll do the work accordingly. Three parties are involved:

• The Principal — the contractor carrying the bond
• The Obligee — the party who benefits from the bond
• The Surety — the company that issues the bond

You never know when a fire, storm, robbery, or lawsuit might threaten your business — and you don't want to pay recovery costs out of pocket. A small business package combines the right coverages to get you back on your feet quickly.

Lux writes business insurance across a wide range of industries — and we tailor coverage to the real risks of each one rather than relying on a template: