Commercial Insurance

If you’re running a business, you need business insurance. Some insurance, such as workers’ compensation, is legally required by law. But other insurance products may be even more important to ensure the longevity of your company. Whether you sell physical products or services, there is always liability involved. A customer or client can make a claim against you, even years after the occurrence. The right business insurance policy will protect your assets and allow you to focus on running your business.

There are many factors that influence the type of coverage you need, the least of which is the size of your business and whether you have physical premises customers visit. Our insurance experts can help you determine the best coverage for your situation to protect your business for years to come.

Business Insurance Protects Your Financial Assets

As a business owner, you may become a target for legal claims through no fault of your own. On one hand, you can expose yourself to potential claims just by being in business. Someone can get hurt on your premises or by consuming a product you created. There is also always the possibility of someone making a careless mistake, which results in harm to your customer. We know that the bigger your business, the more magnified is the potential for things to go wrong.

Business insurance protects your assets even in the worst-case scenario. Without adequate liability coverage, you may have to declare bankruptcy to settle a legal claim. Where does that leave you, your family, and your financial future? Don’t risk it. Even a contractor can put their assets at risk if they don’t carry the right insurance.

Important Components of Business Insurance

When we create a business insurance policy, we customize it to your needs. There are several coverage options available, but you may not need all of them. Here is a list of some components of our insurance policies:

  • Body injury
  • Property damage
  • Legal claims
  • Workers’ compensation
  • Errors and omission’ coverage
  • Building insurance
  • Vehicle insurance
  • Physical asset protection, such as machines, equipment, and inventory

You’re probably concerned about the cost of carrying business insurance, but let us put your mind at ease. By customizing your policy, you will only pay for the coverage you absolutely need. At a minimum, you can start with liability insurance and increase your coverage as your business grows.

FAQs about Business Insurance

Commercial insurance is not the same as private insurance. There are a lot of things to think about with insuring your business and protecting your wealth. We’ll answer some questions here to help you get started. For detailed advice about your business insurance needs, please contact us today.

What Are the Types of Commercial Policies?
Commercial policies can include a variety of things, such as property damage, liability for bodily injury, physical asset protection, and workers’ compensation. As a general rule, if you have a physical asset of value, you can insure it. If you sell products or services, you can protect yourself from legal claims made against you. And if you have employees, you will need workers’ compensation insurance because it’s required by law.

What Are the Most Common Types of Commercial Insurance?
Most business owners have a liability policy. In a litigious society, it’s only prudent to protect yourself from legal claims. For companies with employees, workers’ compensation comes next. Other common types include business vehicle insurance and commercial building insurance. But for your business insurance, we are concerned with what you actually need instead of what is common. Therefore, we recommend making an appointment with one of our advisors to get you the specific coverage you need.

What Are the Benefits of Getting Business Insurance?
The biggest benefit of having business insurance is peace of mind. An insurance policy is the foundation for building wealth because it protects your assets. Being fully insured will also put your customers or clients at ease, which may bring in more business for you. It’s a win-win.

Get Your Custom Business Insurance Policy Today

Get Your Custom Business Insurance Policy Today

When you work with us, you’ll learn quickly that we don’t prescribe standard solutions to your insurance needs. We pride ourselves on going the extra mile to find the custom coverage you need for your company. Call us today to make an appointment.