Business Insurance

No two companies are the same - Your risks are unique and require creative solutions

Whether it is insurance for your building, property, equipment, inventory or company vehicles, Foy & Associates offers products and services to protect your business. We take the time to identify risk, take actions to mitigate potential exposures and then monitor results.

General Liability provides coverage for commercial businesses against damages to other individuals arising from the business’ premises, general operations (ongoing and after completion) and products manufactured or sold.

Foy & Associates focuses on preventing losses, minimizing claims and controlling premiums. Working with your company to prevent losses through safety and employee education reduces the likelihood of claims, which ultimately drives the cost of your program down.

We work closely with each of our clients to:

  • Develop and support your workplace safety program
  • Extensively research losses for fraud, appropriate employee care and recovery
  • Oversee and advise on adjustments of claims to reduce the financial impact of future program costs
  • Provide detailed monthly status reports on all open claims

This allows us to aggressively negotiate with past and present carriers, reduce reserves on open claims, as well as close claims, which results in a lower experience modification factor.

Directors & Officers (D&O) policies provide coverage for defense costs and damages (awards and settlements) arising out of wrongful act allegations and lawsuits brought against an organization's board of directors and/or officers.

Employment Practices Liability Insurance, also known as EPLI, provides coverage for defense costs and damages related to various employment-related claims including allegations such as wrongful termination, discrimination and workplace harassment.

Foreign Liability policies provide coverage for losses occurring abroad, which in many cases, are not covered by the existing policies for a US-based business.

Property Insurance covers the risk of property loss in a variety of commercial situations, including commercial buildings, equipment, furniture, fixtures, inventories, business records, supplies and other physical items. Property Insurance can cover direct losses when property is lost, stolen, damaged or destroyed as well as indirect or consequential losses related to such direct losses.

Kidnap & Ransom policies are designed to minimize the financial effects of kidnapping, extortion or illegal detention on businesses. The policies provide coverage for ransom or other expenses incurred as a result of kidnapping.

Product Liability insurance provides coverage for losses incurred from legal liability from injury or damage from the use of a covered product.

Professional Liability policies, commonly referred to as Errors & Omissions insurance, protects professionals and consultants against claims of negligence. With the right coverage, tailored for your specific industry, Foy & Associates can help you operate knowing your business’ professionals are protected if claims were to arise.

Adhering to contractual or legal requirements is necessary for many businesses and Foy & Associates can help protect your company’s assets through a variety of bond options.

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