If you are wondering what coverage you need, contact us for a Commercial insurance quote!
What Is Commercial Insurance?
Commercial Insurance is a type of insurance geared toward protecting your business’s assets, employees, and finances. Business can be unpredictable, and things like theft, fire, slander, or accidents can set a company back in the blink of an eye. With Commercial Insurance, you can rest assured knowing that your business remains protected in the face of the unknown and unexpected. This coverage can take many forms, so it’s essential to consult with a Commercial Insurance agent to ensure that you are getting the coverage your business needs.
What Does Commercial Liability Insurance Cover?
Commercial Liability Insurance is designed to fit the needs of your business, which makes each policy different, but common coverages under liability insurance include bodily injury and property damage. If your business is found at fault for a claim, this coverage can pay for things like medical expenses incurred, property damage your company caused, legal fees, including the cost to defend your business, and damages your business may be ordered to pay. Libel, slander, and false advertising are also covered by Commercial or Business Liability.
If you own a business, it’s highly recommended you carry Commercial Insurance coverage, especially Business Liability.
How Much Does Commercial Insurance Cost?
The cost of Commercial Insurance will vary based on a few conditions.
Industry: Some industries assume higher risk than others, which makes their premiums generally higher than low-risk industries.
Business Size: Depending on how many employees your business has, how much revenue it generates, and how much inventory you own, your premiums can fluctuate.
Location: Different states have different requirements for Commercial Insurance, which means your location can impact your premium.
Business Factors: Your business history can impact your premiums, too. A new business with three workers’ compensation claims might have higher rates than a tenured business with no claims history.
If you are looking for a Commercial Insurance Quote, then reach out to us today!
What Do I Need To Get Insurance?
To get Commercial Insurance, you will need to gather some important business information and have a general idea of the type of coverage that you need. You will also need to work with an insurance agent who can understand your business’s unique needs and provide you with the most comprehensive coverage. Don’t forget to contact us for your insurance needs!