Affordable insurance for your business.

Diamond Legacy Insurance, we are a cut above.


Diamond Legacy Insurance specializes in Commercial and Business Insurance, offering tailored solutions to businesses of all sizes. As an independent insurance agency, we pride ourselves on our ability to provide comprehensive coverage by harnessing our extensive network of over 30 carriers.

Our commitment to excellence ensures we can secure the right insurance options to safeguard your business's unique needs and assets. You can trust Diamond Legacy Insurance to be your dedicated partner in protecting your commercial ventures.

What We Offer

Here is a list and brief description of our Commercial Insurance offerings:

  1. General Liability Insurance: Protects against claims for bodily injury, property damage, and personal injury from third parties.
  2. Property Insurance: Covers damage or loss of physical assets, including buildings, equipment, and inventory.
  3. Business Interruption Insurance: Helps cover lost income and expenses during business disruptions.
  4. Commercial Auto Insurance: Provides coverage for business-owned vehicles involved in accidents or property damage.
  5. Workers' Compensation Insurance: Covers medical expenses and lost wages for work-related injuries or illnesses.
  6. Professional Liability Insurance (E&O): Protects against negligence claims or mistakes in professional services.
  7. Product Liability Insurance: Covers legal claims related to injuries caused by products your business manufactures or sells.
  8. Cyber Liability Insurance: Shields against financial losses from data breaches and cyberattacks.
  9. Directors and Officers (D&O) Insurance: Protects personal assets of company leaders from legal claims related to management decisions.
  10. Employment Practices Liability Insurance (EPLI): Covers claims related to employment issues like discrimination and wrongful termination.
  11. Umbrella/Excess Liability Insurance: Provides additional liability coverage beyond primary policies.
  12. Inland Marine Insurance: Covers movable property and goods in transit.
  13. Cargo Insurance: Protects against loss or damage to cargo during transportation.

Commercial Insurance Audit

An insurance audit is a procedure where an insurance company examines a policyholder's financial records and information to validate the accuracy of the data provided during the issuance of the insurance policy.

The primary goal of an insurance audit is to ensure that the policyholder is charged the appropriate premium, taking into consideration the size of the business, its operations, and associated risks.

These audits serve to prevent both underpayment and overpayment of premiums and also to identify any misrepresentations made by policyholders or negligent agents.

Should any inconsistencies be uncovered during the audit, adjustments to the premium may be necessary to reflect the true level of risk exposure.

In cases where the audit reveals an overpayment, your company will receive a refund or credit that can be applied to your next policy term.

In addition to inquiring about your company's nature and services offered, we also ask three additional questions when initiating your commercial and worker's compensation insurance policy:

  1. How many employees or subcontractors do you have?
  2. How much is your Payroll?
  3. What is your company's gross income?

Audits are a regular occurrence in our industry, and while they may sometimes occur randomly, they are a standard practice that should not be feared or seen as intimidating.

It is crucial to regularly check both your physical mail and email, making sure to open and review any correspondence from your insurance carriers.

When an audit is requested but not completed, insurance carriers may adjust your premium to match the national average for companies in the same industry. This adjustment could result in a significant increase, sometimes doubling or even tripling your payment, which you'll need to pay in a lump sum. The correction process can take several weeks.

So, always make it a habit to open your mail and emails promptly to see what they contain. It might be a routine billing statement that you typically overlook due to automatic payments, or it could indeed be an audit notification.

If you have any questions or concerns, please don't hesitate to reach out to us. We're here to assist you!

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Frequently asked questions about business insurance

What is the purpose of business insurance?

As a business owner, your company faces different risks every day. The purpose of insurance is to help protect your business from these risks. Business insurance helps protect your business' financial assets, intellectual and physical property from: Lawsuits.

What insurance is most important for a business?

General Liability Insurance (GLI) General liability insurance helps protect your business from claims that it caused: Bodily injury to someone else.

What does business insurance protect you against?

Business insurance coverage protects businesses from losses due to events that may occur during the normal course of business. There are many types of insurance for businesses including coverage for property damage, legal liability and employee-related risks.

What is not covered under commercial insurance?

Generally, commercial liability insurance does not cover risks arising from pollution, professional services such as consulting, employee and employment disputes such as compensations.

What is AD & O policy?

Directors & Officers (D&O) Liability insurance is designed to protect the people who serve as directors or officers of a company from personal losses if they are sued by the organization's employees, vendors, customers or other parties.

What is EPL in insurance?

Employment Practices Liability Insurance (EPLI) includes coverage for defense costs and damages related to various employment-related claims including allegations of Wrongful Termination, Discrimination, Workplace Harassment and Retaliation.

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