We offer complete insurance coverage for businesses, organizations, institutions, and other commercial establishments.
We are well aware of the risks associated with improper coverage. You will benefit from our knowledge and experience as we work with you to find the best insurance solution, and we will not stop there. We will also assess your future requirements and business needs, make the necessary recommendations and handle the implementation, so that you will not have to.
Teifeld & Company provides the following Commercial Line coverages that contain the flexibility to grow as your business does:
- Property Insurance
- Liability
- Business Interruption
- Group Health
- Workers Compensation
- Life Insurance
Executive Protection Needs Analysis
Many companies are not aware of their need for Executive Protection until it is too late. Your company's strongest assets are your people, and protecting those people should be a priority. We understand that you may not even know what you need, much less what is available, so below is a list of questions for you.
- Directors & Officers Liability
- Employment Practices Liability
- Fiduciary Liability
- Internet Liability
- Miscellaneous Professional Liability
- Crime
- Kidnap, Ransom & Extortion
- Workplace Violence Expense
Directors & Officers Liability
- Do your company's senior officers have occasional disagreements with customers, creditors, competitors or regulators?
- Has your company been involved in the purchase or sale of any debt or equity securities within the last three years?
- Might at least one former, current, or future shareholder of your company be dissatisfied with the company's performance or management decisions?
- Is your company contemplating an IPO within the next five years?
- Do directors of your company have close personal relationships with or strong allegiance to the controlling shareholder(s)?
- Are your company's directors and senior officers fully aware of their own legal duties and responsibilities and all legal obligations imposed upon your company?
- Has your company discharged any employee during the last two years?
- Are any employment decisions made without consulting human resource professionals?
- Have any of your line managers hired or fired an employee?
- Is your company's workforce diverse from the standpoint of age, gender, race, religion and national origin?
- Does your company have a comprehensive personnel file for each employee?
- Has your company failed to create and enforce an employee handbook?
- Does your company give references for former employees?
- Are you aware that Fiduciaries who are found to breach any ERISA duty are personally liable for any plan losses resulting from the breach?
- Do employees of your company give advice to participants concerning eligibility for, enrollment in or participant rights with respect to your employee benefit plans, such as 401 (k)?
- Is it possible your company may reduce or eliminate some employee benefits in the future?
- Could your plan or its fiduciaries be perceived as engaging in conflict-of-interest transactions, such as investing in securities of your company or an affiliated company or retaining service providers who also conduct business with your company?
- Does your plan rely on professional investment managers who have discretionary control over the investing of plan assets?
- Do your plan's fiduciaries select investments or investment options?
- Do officers of your company also serve as fiduciaries of your plans?
- Do fiduciaries of your plan make disclosures regarding the financial condition and performance of the plan? Do fiduciaries of your plan have other full-time responsibilities?
- Does your company have a web site?
- Does your company collect personal information regarding visitors to the web site?
- Is any of the content of your company's web site derived from third parties?
- Is electronic commerce conducted on your company's web site?
- Apart from electronic commerce, is your company's web site interactive?
- Could your web site possibly include remarks that could be perceived as unfavorable by your competitors?
- Could your web site possibly include copyrighted material owned by another party?
- Does your company provide service(s) for others for a fee?
- Does your company sign service contracts in which they are required to carry professional liability insurance?
- Does your company sign service contracts drafted by their clients in which they accept the liability of their clients?
- Does your service contract address the limit of liability of each contract? If so, is it limited to the value of the project?
- Does your company distribute promotional material detailing specific professional services that you can provide? If so, does it contain a Statement of Qualifications? As an example, Our Company's staff of professionals has extensive experience in executing projects of all scopes and sizes …… One of our Company's strengths is its ability to provide our clients with consultants who not only posses excellent theoretical knowledge but also hands-on experience.
- When conducting a new client presentation, do you specifically reference particular employees that will be servicing that contract? If so, have you ever changed that staff midterm for a larger project? If so, who do you replace them with someone of equal or less than equal qualifications?
- Do any of your employees have direct access to your company's funds/assets?
- Do your employees who reconcile the monthly bank statements also either sign checks, handle deposits or have access to check signing machines or signature plates?
- Is only one employee responsible for signing all outgoing wire transfers, letters of credit or checks?
- Are your company's premises easily accessible by the public, with limited security?
- Do any of your employees travel oversees on behalf of your company?
- Does your company have an international presence?
- Have you ever had a former employee demand money and threaten bodily injury to his former supervisor if payment is not made?
- Have you ever received a threat of dissemination of your proprietary information or a threat of a computer virus against your network if a payment was not made?
- Has your company been involved with or contemplate any firings, layoffs, staff reductions or facility closings?
- Could your company's employees be associated with unstable or violent persons?
- Are your company's premises easily accessible by the public, with limited security?