Insurance Products and Services - Commercial

  Commercial Insurance

Our team of professional insurance consultants specialize in insuring all kinds of business related risks. Our customers in Guam and Saipan include major hotels, golf courses, shopping malls, restaurants, bus and trucking companies and construction companies just to name a few. Specific coverages include:

Commercial Property: With our extensive access to global insurance providers, there isn’t very much that we can not insure. Buildings, Furniture Fixtures and Equipment (FF&E) and Inventory for sale are some of the typical property items covered. We offer coverage for losses caused by the following perils: typhoon and other natural disasters, crime and fire; it can also assist you with temporary housing of your inventory while your premises is being restored or even help with obtaining a temporary business location. Additionally, we can offer coverage should your business operations be interrupted by any covered peril. Ask , we can.

Business Interruption: This is a form of indirect damage coverage under property insurance policies which protects your company against loss of income caused by a covered peril. Specifically, this coverage provides for expenses that continue during the period your business is closed.

Bonding and Surety: A bond is a written agreement where one party, called the surety obligates itself to a second party, called the obligee or beneficiary, to answer for the default of a third party, called the principal. More commonly, when performing under any contract, the bond is a guarantee of payment or completion should the contractor be unable to complete the job. Military and federal contracts require use of a “Treasury Listed Surety”. We offer many years of contract bonding experience and have a strong understanding of growing contracting opportunities in Guam and around the Pacific.

Marine: In any island economy, anything that isnít manufactured or grown here must be imported. Marine insurance covers your business cargo whether brought by air or by sea. Additionally, under this category of insurance, we are able to insure marine related business activities.

Group Life and Health: Though our affiliation with NETCARE, we offer a wide range of group health insurance options for your employees. We also represent PACIFIC GUARDIAN LIFE and offer a variety of life insurance products including “Key Man Insurance”, Group Life, Disability and Dismemberment coverage.

General Liability: This protects you against claims made against your company because of damage to another person’s (third party’s) property or to bodily injury inflicted on the third party caused by your negligence.

Workerís Compensation: Guam law requires businesses to insure its employees against injury or disease directly related to their employment with the company.

Business Auto: Delivery trucks, limousines, taxis, rental vehicles…any vehicle approved for operation on Guam and owned by your business is considered a Business Auto. You might consider increased auto liability limits. Ask about Takagi & Associates’ Fleet discount policy discount when insuring your company’s vehicle.

Employee Benefits: Your employees are a major asset of your business. Takagi & Associates offers competitive employee benefit products that will help you attract and retain the best of employees: