Commercial Insurance

Commercial Insurance

The four main types of commercial insurance are liability insurance, property insurance, commercial auto, and workers’ compensation insurance. Liability insurance protects you from damages that your company inflicts on any third parties. It covers the cost of personal injury or property damage lawsuits and injuries customers incur at your place of business. Property insurance covers damages to property within your place of business, such as fire or flood damage. Workers’ compensation insurance protects you in case employees are injured on the job. It also prevents employees from filing negligence lawsuits against you for any injuries they sustain during work. There are additional, specialized forms of coverage under each of these broad categories that can protect you from business-specific liability.

Considerations

It is best to work with an insurance agent who has experience in commercial coverage. The relationship that you build with an independent agent is extremely valuable in this critical decision-making process. Our agents will discuss specific losses that are common within your industry and present a proposal for coverage options based on your business. Make sure to ask questions about anything that you are unclear about including terms, conditions, or specialized information. Remember that it is your responsibility to make an informed choice on the insurance that is best for your business, so open communication with the agent is vitally important.