Commercial insurance is one of the most important investments a business owner can make. It can be instrumental in protecting a business from potential loss caused by unforeseen and unfortunate circumstances. Commercial insurance can provide valuable protection against such things as theft, property damage, and liability. It can also provide coverage for business interruption and employee injuries. A business owner who chooses to operate a business without insurance, places their enterprise at risk of losing money and property in the wake of an unfortunate event.
The most common types of commercial insurance are property, liability and workers’ compensation. In general, property insurance covers damages to your business property; liability insurance covers damages to third parties; and workers’ compensation insurance covers on-the-job injuries to your employees. Depending on your business, you may want additional specialized coverage’s. Listed below are some of the different types of business insurance.
Why do I need to insure my business?
The time you take to insure your business is just as important as the time you took to build it.
Insurance is one of the biggest precautions you should take to protect your business. Regardless of the size of your business, you are susceptible to all the same hazards as a homeowner, such as storm damage, liability or theft. Additionally, if your company includes delivery or transportation vehicles, you have an increased risk through employees who are on the road.
Those who operate from home are not exempt from danger, either. A typical homeowners’ policy may provide only about $2,500 coverage for equipment related to your business, which is usually not enough in the event that you experience a loss. You also need liability coverage for any business-related accidents that may occur in your home.
We know how important your investment is, and we can insure your business through a variety of coverage’s, including property, liability, automobile and commercial umbrella. Don’t forget to consider any special endorsements and options, such as protecting yourself against employee theft or discrimination.