Commercial Business Insurance
What is Business Insurance?
Business insurance protects against losses that may occur during daily business activities. There are many types of business insurance including coverage for property damage, legal liability and risks related to employees. Companies evaluate their insurance needs based on potential risks which may vary in the type of environment in which the company operates.
From the first day that a person starts a business, this is exposed to certain risks. Even before the first employee is hired, the business is taking risks, this makes it important that your business is insured. A catastrophic demand or event may be enough to bring down a business that has not even started.
Different Coverages and Policy Types
Fortunately, businesses have access to a wide range of types of business insurance so that they are protected against any risk. Here are some of the basic coverages that you could include in your business insurance policy:
- General Liability Insurance.
- All businesses, even those that are at home, need liability insurance. The policy provides coverage in defense and for damages if you, your employees, your products or services cause or are identified as causing physical damage or property of a third party.
Commercial Property Insurance
If you own any construction or have personal property for your business, including office equipment, computers, tools, you should consider hiring a policy that will protect you if you have a fire, vandalism, theft, smoke damage, etc. You may also want to consider a commercial property insurance policy.
Business Owners Insurance
With a policy of these, you will have a package that covers the needs of your business. They commonly include interruption insurance, crime insurance, commercial property insurance and vehicle coverage. You can customize your policy to meet the specific needs of your business.
Professional Liability Insurance
It provides defense for failures in the services or products that your business provides. General liability insurance does not include this, so it is important to consider the difference. This is applicable to any professional firm such as law firms, accountants, consultants, notaries, real estate agents, insurance agents, beauty salons and technology providers to name a few.
Call us and let us find the best coverage for your business insurance policy at the best price.