Precision Insurance Services, Inc.

Every business has different insurance needs. Let our industry experience guide you through a comprehensive analysis of what risks and exposures your company has and how to insure against those risks. We understand pricing can be a deterrent to purchasing insurance; therefore, we shop several markets to make sure we can provide the most affordable quotes possible with reputable companies in the industry. We take time to explain your insurance coverages so that you can do your business with piece of mind. Our licensed agents are always available to help you and strive to provide the best customer service possible.

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Commercial Insurance Types

A description of various types of commercial insurance coverages are below.  These are not all inclusive and only provide a brief description of intended coverage.  Please give us a call to discuss any of these in further detail or for some claim examples.  

General Liability Insurance

A must have coverage to protect businesses against claims for bodily injury and property damage to a 3rd party for which the business is found liable - up to the policy limits.  Defense costs are covered, but how they are covered can vary depending on the policy.  Most policies also limit the coverage to those classifications listed on the policy and have a number of exposures that may not be covered.  It is important to make sure your policy covers what your company does. 

Workers Compensation Insurance

Mandatory insurance for any company who has an employee to provide wage replacement and medical coverage to an employee who may become injured on the job.  Many companies inaccurately determine if their workers are employees vs. independent contractors; a mistake that can be costly to a business after fines from the state and federal agencies, retroactive coverage required to be purchased, or the damages of a lawsuit.  Purchasing this coverage waives the right of an employee to sue its employer for negligence.

Professional Liability Insurance (Errors & Omissions)

Protection for companies that provide professional advise or services to cover claims of negligence, misrepresentation, inaccurate advice, or violation of good faith and fair dealing that caused a financial harm to your customer.  These policies cover defense costs, even when the claim is proven to be groundless.  

Commercial Automobile Insurance

A commercial auto policy may be required if you have vehicles used primarily for business activities.  Some indication you need a commercial auto policy are if you haul goods, if you transport people, carry equipment or have special equipment installed to complete the work you do, or have logos for your company on your vehicle. These policies give you the ability to carry higher liability limits than allowed on a personal policy, can provide cargo coverage, and comply with filing regulations specific to your industry.

Our Services

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Commercial Property Coverage

Coverage for damage sustained to an owned building, business personal property including inventory, or tenant improvements and betterments by a covered peril.  Additional coverages such as Business Income, Equipment Breakdown, Ordinance or Law, Debris Removal, and Sewer/Water Backup are important to discuss with your agent as you could be left paying more out of pocket expenses during a claim than you expected.  Coverage can be purchased for rented buildings, vacant buildings, or occupied buildings.  

Builders Risk Insurance

Coverage to protect a person or organizations insurable interest materials, fixtures, and equipment being used during construction or renovation of a building.  The policy covers the structure to the full completed value and ends once the construction is completed.  Builder's Risk policies vary in coverage options and may or may not include liability coverage.

Contractor's Tools and Equipment Coverage

Coverage for your tools and equipment on an inland marine form to protect against losses sustained while property is being stored or transported.  Coverage can be purchased for equipment rented or leased as well.  Policies vary in their requirement to schedule certain items individually depending on value.

Cyber Liability Insurance

Coverage for liability due to a data breach in which your customer's personal information is exposed or stolen by a hacker.  The policy can cover notification costs, credit monitoring required by law, defense costs, fines and penalties, and loss resulting from identify theft.

Our Services

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Umbrella/Excess Coverage

Written over various primary commercial policies, umbrella liability provides excess coverage when the limits on the underlying policies have been exhausted in a claim as well as possibly providing some coverage against claims not covered on the underlying policies.

Employment Practices Liability Insurance

Covers claims for wrongful acts arising out of the employment process, including defense costs.  This could include wrongful termination, discrimination, sexual harassment, failure to promote, and others.  This coverage can be added to your GL policy by endorsement or can be sold as a stand alone policy to afford greater coverage.  

Directors & Officers Liability

Liability coverage for claims made against a board of director or officer  resulting from managerial decisions that have adverse financial consequences.  Coverage can be provided to for-profit businesses, privately held firms, not-for-profit organizations, and educational institutions.

Bonds

Unlike insurance, a bond guarantees payments, work completion, or other security to your client/customer.  There are many different types of bonds which may be required by the state, city, or for a contract you are bidding on.  Bonds require review of an owners/companies financials and if a bond pays out, you are expected to reimburse the company. 

Companies We Work With

We work with the best financial institutions available in today's market.  With over 30 insurance companies Nationwide at our disposal, we are able to provide you with the best pricing and coverages possible.  Our insurance companies include well respected names like Travelers, Progressive, The Hartford, Liberty Mutual, Berkshire Hathaway, Chubb, Nationwide, Markel, CNA, Hiscox, Secura, Philadelphia, and Pinnacol to name a few.  


In addition to working with amazing companies, we partner with the following agencies to  give you a team of professionals, all with 20+ years in the industry:  


The Ahbe Group, Inc. provides Precision Insurance Services the ability to have access to all these insurance companies, offers the ability to write insurance in 45 states, and continually works for you to assess company ratings yearly, customer claims satisfaction, and new insurance companies entering into the Colorado market.


Advantage Insurance Solutions,  Corp is our sister agency located in the Denver area.  With over 10 years in business and over 20+ years of industry experience, Advantage Insurance Solutions provides continued support, education, and a team atmosphere of several agents who are available to work together to ensure the utmost client satisfaction.  


RT Specialty is our choice leading wholesale distributor of specialty insurance products and services.   Our broker provides innovative solutions to our clients’ most complex insurance needs providing affordable options for our customers with a comprehensive mix of insurance products.  The knowledge and industry experience is top notch, making RT Specialty a leader in the insurance industry and a large part of the success of Precision Insurance Services.

Heather has been a great asset to my company.  She has worked diligently on everything I requested of her and found me the best possible rates for all my insurance needs!  Two thumbs up!

Mark S.

Colorado Total Container Corp

Working with Heather for all our insurance needs has been an excellent experience!  Heather is always prompt and has worked hard to accomplish all our insurance needs.  We will continue working with her firm and recommend her to others!

Tom P.

The Welding Shop on Knob Hill

Precision Insurance Services is fantastic.....best service and pricing I have ever found!  They are the best and I am a customer for life!

Paul R.

In A Rush Towing

Heather is very professional and has provided excellent customer service.  Communicating with her is always a pleasure!

Tom R.

PC Services
Several years ago I branched out and started my own construction contracting business. Heather and her team were very knowledgeable and approachable to answer all of my questions, both insurance and general business.  Next year we hope to have them do our books as well.

Paul P.

PD's Enterprises

Heather and Precision Insurance Services has provided us with amazing guidance for adapting the best insurance packages for our company, all while providing the best customer service that always goes above and beyond expectation.

Sean W.

Wellness Walk-in Tubs

1304 N. Academy Blvd., Suite 202

Colorado Springs, CO 80909