Frequently Asked Questions

What is the difference between “Named Insured”, “First Named Insured” and “Additional Insured”?

Named insureds are those listed by name in the relevant block of the policy’s declaration page. Although the named insured is commonly one person, partnership, corporation or other entity with insurable interests, multiple names insured may be included.

First Named Insured is the first name listed on the policy declarations (front page of the policy). This insured acts as the legal agent for all named insureds in initiating cancellation, requesting policy changes or accepting any return premiums. The first named insured may also be responsible for payment of the premiums.

Additional insured is an entity to which a policy’s coverage is extended. An additional insured must be added to the policy prior to a claim being paid. There must be a relationship between the additional insured and the named insured. Being an additional insured on another’s policy does not eliminate the need for someone to have his/her own Commercial Liability policy.

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Contact Information

Churchville location »
2907 Churchville Road, P. O. Box 70
Churchville, MD 21028
(800)519-8387

Elkton location »
211 West Main Street
Elkton, MD 21922
(800)519-8387

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BUSINESS INSURANCE

Business owners in Harford and Cecil County can rest assured knowing there is a local, independent agent nearby able to access and customize insurance plans to meet the needs of your specific industry and situation.


 

Business Insurance

Lassen, Marine & Webster offers insurance packages that are customized for any type of business in Harford and Cecil County, Maryland; Delaware; and Pennsylvania. We will help you determine proper coverage for a building, property, equipment, inventory or vehicles, Lassen, Marine & Webster offers specialized business insurance policies that provide the custom protection your unique business needs.

Property insurance covers the risk of property loss, either directly or indirectly, to commercial buildings, equipment, furniture, fixtures, inventories, business records, supplies and other physical items.

Businesses, whether small or large, must have protection against injury or damage claims. Liability protection will offer you peace-of-mind in an age of multi-million dollar lawsuits.

Business Automobile Coverage insures vehicles that are owned, leased, hired or borrowed. From private passenger automobiles to trucks and trailers of any size – from one car to a fleet of various commercial vehicles, Lassen, Marine & Webster will fulfill your Business Auto needs.

Workers’ Compensation coverage applies to bodily injury and diseases arising out of and in the course of employment. We provide you with complete details on workers’ compensation, and recommend cost-effective ways to control expenses through safety engineering and claim services.

Contractors, IT service companies, heating and air conditioning professionals and even marketing agencies need protection from negligence arising out of their particular services. Through specialized insurance companies, we offer coverage for lawsuits associated with employment practices, errors and omissions and many other types of professional liability, including network security and unprotected patents.

No matter what type of business you’re in, it’s critical you make the right decisions regarding group health insurance. At Lassen, Marine & Webster, we offer information that will help you decide which health insurance plan is right for you and your staff, and is right for your budget.

A bond is purchased to safeguard your business from financial loss and guarantees the repayment of the principal and all associated interest payments in the event of default.

No business is immune to crime losses, and in the age of computers fraud is a very real threat. Talk to one of our knowledgeable agents today to find out how you can protect your business from the risk of fraud and other crimes.

As a business owner, insuring your Buy/Sell Agreement is critical.  Offering valuable life insurance to your staff can assist you in recruiting, retaining or replacing key employees crucial to the success of your business.

Most standard property insurance policies do not include the off-premises protection for your businesses equipment. By insuring your equipment, you are ensuring that your business will run smoothly on a day-to-day basis no matter what the unexpected brings.

Don’t let flood insurance be an afterthought for your businesses. In the Chesapeake bay area, it is a necessary addition to your existing property insurance.

When planning your next special event, prepare for what can happen in the event Mother Nature decides to crash your party. Lassen, Marine & Webster can provide you with special event insurance which provides liability protection for individuals and companies hosting fundraisers, meetings, or other corporate occasions.

Umbrella insurance for businesses provides additional protection in the event that your business exceeds its insurance limits on an underlying policy. Avoid financially devastating losses due to liability claims and lawsuits by purchasing extra protection on your business today.