Chrystal Clear Insurance Agency LLC

Commercial Insurance Clearly Explained

With over a decade of experience in the insurance industry, we know what it takes to properly assist and provide businesses with a tailored solution to your indemnification needs.

chrystal@chrystalclearinsurance.com

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A passion for being transparent

Our comprehensive understanding of the insurance industry caters to a diverse clientele, ranging from home offices to multi location commercial exposures.

We can assist.

General Liability

Explained:

Bodily Injury: If someone (like a customer or visitor) is injured on your business premises or as a result of your business activities, this policy can cover medical expenses and legal costs if you’re sued.

Property Damage: If your business causes damage to someone else’s property (for example, damaging a client’s equipment while working on-site), the insurance can cover repair or replacement costs.

Personal and Advertising Injury: This includes claims related to defamation, libel, slander, or copyright infringement in your advertising.

What it doesn’t cover:

  • General liability insurance usually won’t cover employee injuries (that’s what workers’ compensation is for), professional mistakes (professional liability insurance covers that), or intentional acts of harm.

Professional Liability

Explained:

Coverage for Professional Errors: It covers legal fees, settlements, or judgments if a client claims that your mistake or omission caused them financial harm.

Negligence Protection: Even if the alleged issue wasn’t intentional, professional liability insurance protects against claims of negligence in the services you provided.

Industry-Specific: This type of insurance is often tailored to specific professions. For example:

Doctors, nurses, and other healthcare providers often carry malpractice insurance (a form of professional liability).

Lawyers, accountants, consultants, and architects typically require coverage specific to their industries

  • What It Doesn’t Cover:
  • It does not cover physical injuries or property damage (that’s for general liability insurance).
  • It also won’t cover intentional wrongdoing or fraudulent actions.

Commercial Auto Insurance

Explained:

Liability Coverage: If your business vehicle causes damage to another person’s property or injuries to others, liability coverage helps pay for legal costs, medical expenses, and repair bills.

Collision Coverage: This pays for repairs to your business vehicle if it’s damaged in an accident, regardless of who is at fault.

Comprehensive Coverage: Protects against non-collision-related incidents, such as theft, vandalism, natural disasters, or falling objects.

Uninsured/Underinsured Motorist Coverage: If your business vehicle is hit by a driver without adequate insurance, this helps cover costs associated with the accident.

Medical Payments/Personal Injury Protection (PIP): Covers medical expenses for you, your employees, or passengers injured in an accident.

Hired/Non-Owned Auto Coverage: If your employees use their personal vehicles for business purposes or if you rent vehicles for work, this optional add-on can provide protection.

Commercial Property

Explained:

Buildings: Coverage for your business premises, whether you own or rent them. This includes protection against damage from events like fires, storms, or vandalism.

Contents: Protection for the items inside your property, such as furniture, equipment, inventory, and other business assets.

Equipment and Tools: Ensures that machinery, computers, and specialized tools are covered if they are damaged or destroyed.

Outdoor Assets: Some policies may cover outdoor signs, fences, or landscaping.

Business Interruption: If property damage temporarily shuts down your operations, this coverage can help offset lost income and cover operating expenses during recovery.

Common Causes of Loss Covered:

  • Fire
  • Theft or vandalism
  • Storms (e.g., wind or hail)

What It Does Not Cover:

  • Floods and earthquakes (these usually require separate policies or endorsements).
  • Wear and tear or maintenance issues.

Commercial Bonds:

Explained:

Also known as business or commercial surety bonds:

Are agreements that ensure businesses comply with laws, regulations, or contractual obligations.

They are often required by government agencies or private entities to protect clients and stakeholders. Here are some common types of commercial bonds:

License and Permit Bonds: These are required for businesses to obtain licenses or permits. They ensure compliance with local, state, or federal regulations. Examples include contractor license bonds and electrician bonds.

Fidelity Bonds: These protect businesses from losses caused by employee dishonesty, such as theft or embezzlement.

Contract Bonds: These are used in construction and service industries to guarantee the fulfillment of contractual obligations. They include:

  • Bid Bonds: Ensure that bidders are serious and financially stable.
  • Performance Bonds: Guarantee that a project will be completed as agreed.
  • Payment Bonds: Ensure subcontractors and suppliers are paid.

Public Official Bonds: Guarantee that public officials will perform their duties ethically and in accordance with the law.

Court Bonds: Required in legal proceedings, such as appeal bonds or probate bonds, to ensure compliance with court orders.

Miscellaneous Bonds: These include bonds for specific industries, like auto dealer bonds, lottery bonds, or warehouse bonds.

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Disclaimer:

This information is not an offer to sell insurance. Insurance coverage cannot be bound or changed via submission of this online form / application, e-mail, voice mail or facsimile. No binder, insurance policy, change, addition, and /or deletion to insurance coverage goes into effect unless and until confirmed directly with a licensed agent. Note any proposal of insurance we may present to you will be based upon the values developed and exposures to loss disclosed to us on this online form / application and / or in communications with us. All coverage is subject to the terms, conditions and exclusions of the actual policy issued. Not all policies or coverage is available in every state.

In addition to the fees and/or commissions received by Chrystal Clear Insurance Agency LLC from clients for placement of insurance coverage, in certain circumstances various companies of the Chrystal Clear Insurance Agency LLC may earn and retain usual and customary compensation via fees and/or commissions for its role in placing insurance under separate agreements with insurers and re-insurers.

Additionally, Dupre Carrier Godchaux Agency, Inc. may receive contingent fees for placing coverage with particular insurance companies from some insurers based on factors that are not client specific, such as aggregate loss experience, or size or performance of an overall book of business placed with an insurer.

Disclosure of Compensation

Chrystal Clear Insurance Agency LLC secures and otherwise facilitates the purchase of insurance coverage for its policyholder clients from a variety of insurance carriers and group benefits providers (collectively “carriers”) and sometimes engages the services of other entities in connection with the issuance of such coverage. 

In most instances, Chrystal Clear Insurance Agency LLC is primarily compensated for the insurance brokerage services that it provides to its policyholder clients through commission payments that are based on the premium charged, and paid for, by the issuing market for each policy secured for Chrystal Clear Insurance Agency LLC’s clients. The percentage of these commissions varies by market and policy type. In addition, Chrystal Clear Insurance Agency LLC has entered into contingent compensation arrangements with markets based on circumstances, including without limitation, the overall volume of premiums paid to or policies issued by or through a particular market for Chrystal Clear Insurance Agency LLC’s clients; the overall growth, persistency and/or retention of the premiums paid by Chrystal Clear Insurance Agency LLC’s clients to or through a particular market; and, in certain cases, the profitability of the total premium (i.e., claims history on the coverage) paid by Chrystal Clear Insurance Agency LLC’s clients to or through a particular market

Privacy Statement

At Chrystal Clear Insurance Agency LLC, we understand your concerns about privacy. We hope this notice, which describes our use and protection of nonpublic personal information (“customer information”), will help you understand how we treat the customer information that we obtain from you or other sources, while providing you with fair treatment as we assist you. 

Furthermore, we wish to inform you that we do not share your personal information with any non-affiliated third parties for any purpose that is not specifically authorized by law unless we obtain your affirmative permission. 

  • Whether you’re doing business with us through an agent, broker, or our Web site, we want you to know that Chrystal Clear Insurance Agency LLC respects your privacy and protects your information. 
  • We do not sell your customer information. 
  • We do not share, loan or give customer information to persons, companies, or organizations outside of Chrystal Clear Insurance Agency LLC that would use that information to contact you about their own products and services. 
  • We expect persons or organizations that provide services on our behalf to keep customer information confidential and to use it only to provide the services we’ve asked them to perform. 

Within Chrystal Clear Insurance Agency LLC, we communicate regarding the need to protect your information to those individuals who may have access to it, and we’ve established physical, electronic, and procedural safeguards to protect customer information. 

Consumer Information Data

If you are not comfortable with any of the terms or policies described in this Statement, we encourage you to send confidential correspondence through the postal service. 

What information do we collect? 

We collect personally identifiable information to identify and register you as a Chrystal Clear Insurance Agency LLC prospect and/or client. In addition, we collect personal, financial and product information to provide you with services tailored to your needs. By learning about you, Chrystal Clear Insurance Agency LLC can deliver more relevant protection and product offerings and thus offer you better insurance services and options. 

The information we collect will vary depending upon the function or processes you select or request. Depending upon the function, product or process you select (for example, quote, request for proposal, e-mail, purchase), you may be required to provide information such as: 

  • Name 
  • Address 
  • Birth date 
  • Phone number 
  • E-mail address 
  • Policy(ies) Type(s) & Number(s) 
  • Social Security Number 
  • Driver’s License Number, accident/violation history, information about vehicle operators, lien/lease holders, vehicle information, etc. 

Who Should Use Our Web Site? 

Our Web site is for insurance and financial products and services and is not intended for children. We offer insurance and financial products and services and thus do not market any products or services to children under the age of thirteen or knowingly collect any information from children under the age of thirteen. If we become aware that information is or has been submitted by or collected from a child under the age of thirteen, we will destroy this information. 

What kind of customer information do we have, and where did we get it? 

Much of the customer information we collect comes directly from you. When submitting your application or request for insurance or other products and services we offer, or in requesting an insurance quote, you may give us information such as your name, address, and Social Security number. We also keep information about your transactions with our affiliates, others, or us – for example, the types of products and services you purchase from us, premiums, policy account balances and payment history. We also may collect information from outside sources, including consumer reporting agencies and/or health care providers or reporting agencies such as the Medical Information Bureau (MIB). This information includes loss information reports, motor vehicle reports, credit reports, and medical information. 

Who collects this information? 

To better serve your needs, the information noted above is collected by Chrystal Clear Insurance Agency LLC, its agents, and other companies working on behalf of Chrystal Clear Insurance Agency LLC. In addition to collecting information from you, you should also know that, depending on the nature of your transaction, we may collect information from outside sources, such as loss information reports, motor vehicle reports, and credit reports. For property insurance, we may send someone to inspect your property and verify information about the value and condition of your property. 

How is this information used? 

The information you submit to us via our on-line forms and e-mail is used to provide you with the response or service you have requested. 

We may also use this information to contact you about our products and services. If you do not wish to receive these communications, you can write to us, e-mail us or simply reply to any e-mails you receive from our employees informing us of your desire to be removed from our mailing lists. 

Who has access to this information? 

In order to better serve your needs, Chrystal Clear Insurance Agency LLC, its employees, and certain companies working on Chrystal Clear Insurance Agency LLC behalf have access to this information. This information may also be disclosed to third parties without your consent if disclosure is necessary to comply with legal processes or to protect the rights, property, or personal safety of Chrystal Clear Insurance Agency LLC, its users or the public. We may also provide limited information about you to third parties without your permission when necessary or appropriate to service an insurance policy we have issued (e.g., inquiries from lien holders or additional insureds listed on the policy) or to address claims submitted under a policy we have issued. 

In addition, we may, as permitted by law, provide information about you without your permission to certain persons or organizations, such as: your agent or broker; insurance support organizations; other insurance companies in order to perform their function in regard to an insurance transaction involving you (i.e. a claim); independent claim adjusters; businesses that conduct actuarial or research studies; regulatory and law enforcement authorities; or our affiliated companies, if any. 

What are your options regarding collection, use, and distribution of your information? 

Any information you submit to us via written applications, our Web site’s on-line forms or e-mail is done so on a voluntary basis. When you access our site in this manner, the collection, use, and distribution of your information will be handled according to the terms and policies outlined in this Privacy Statement. If you object to the collection, use, and distribution policies outlined in this Privacy Statement, we ask that you do not submit information. 

What are your options regarding correction or storage of your information? 

You may either personally see, or obtain from us by mail, the information about you in our files. If you believe the information we have about you in our records or files is incomplete or inaccurate, you may request via telephone or a postal mail letter that we make any necessary additions or corrections or, to the extent that it is feasible, that we delete this information from our files. 

Disclosure of Compensation

Chrystal Clear Insurance Agency LLC secures and otherwise facilitates the purchase of insurance coverage for its policyholder clients from a variety of insurance carriers and group benefits providers (collectively “carriers”) and sometimes engages the services of other entities in connection with the issuance of such coverage.