Business owners should carefully consider their commercial insurance needs, which offer a range of vital protection related to the business. From vehicles to property and the employees within the business, owners can safeguard their investment and lessen the risk of a scenario affecting its growth and presence. The following areas represent some of the primary commercial insurance needs that any business should approach.

This policy is designed to cover vehicles used for business purposes. It protects businesses from financial losses resulting from accidents, theft, or other damage involving company-owned or leased vehicles. Personal auto policies exclude vehicles used for business. If your business uses vehicles to perform routine or even occasional operations, a commercial auto policy is a must to avoid any gaps in coverage or denied claims.

Bodily injury, property damage, personal injury, and advertising injury are covered with a CGL policy. A convenient catch-all type of policy, many businesses can use it as a starting point for their insurance needs – in terms of liability. All businesses should have a commercial general liability policy.

A commercial property insurance policy is a type of coverage that protects a business's physical assets from damage or loss due to events like fire, theft, vandalism or other covered perils. It covers buildings, equipment/machinery, furniture, supplies, inventory and more.

Workers that are hurt on the job can rely on workers compensation for lost income and medical expenses. It also covers employees who become ill due to job-related activities. It prevents employers from lawsuits related to workplace injuries. If you have employees it is essential for protecting both you as the employer and the employees in the event of a workplace injury or illness.

Businessowners policies bundle coverages for small to mid-sized businesses.  It combines key coverages into one policy offering convenience and cost savings. The BOP often includes liability, property damage, bodily injury, business income, and property, as well as other types of basic insurance needs. 

Additional considerations

Some additional coverage lines include Professional Liability (Errors & Omissions), Directors & Officers Liability, Cyber/Data Breach, Inland Marine (Equipment), and more.  It's important to work with an experienced licensed agent to determine your insurance needs.  Each business is unique and should have a properly designed package of coverages to best meet each businesses unique needs for adequate coverage.

Business owners can compare quotes with multiple carriers using an independent agency. This is a valuable option that can save time and money, where owners can receive quotes from several top-tier insurance carriers at once.

We work with you designing the right package of coverages to best meet your business!

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