Commercial business insurance
When you own a business, there are many things to think about. It would help to ensure that your employees are taking care of the customers, that your products are what people want to buy, and that you have enough inventory. But with all these responsibilities, it’s easy for some aspects of running a business to fall by the wayside, like protecting yourself with commercial insurance.
Commercial business insurance is a protection plan for your business.
Commercial business insurance is a protection plan for your business. It’s an agreement between you and an insurance company, which agrees to pay for losses by the terms of your policy.
Commercial insurance companies do not guarantee that you will be reimbursed for your losses; they only promise to pay those expenses covered by the terms of your commercial policy.
What is commercial business insurance?
Commercial business insurance is a type of insurance policy that covers the risks associated with operating a business. It can be divided into several types of coverage, including:
Property damage (or “property”)
Personal injury liability (or “bodily injury”)
Business interruption or loss of income, if you’re forced to close your doors because of an unexpected event like fire or storm damage
Theft of your property includes everything from cash to computers and equipment Liability for any legal claims made against you by customers or third parties. Commercial auto insurance covers your vehicles when they’re being used for business purposes.
Commercial property insurance
Commercial property insurance is necessary for any business that owns the property, including the building where it operates. This type of insurance protects against loss or damage to your property, including the roof and walls. It also covers theft and fire damage from natural disasters such as hurricanes and earthquakes. You’ll need commercial property insurance if someone breaks into your office or warehouse and steals items from the shelves; if there’s a flood in one of your warehouses; or if lightning strikes near one of your locations and causes extensive damage (or even burns down).
Commercial liability insurance
Commercial liability insurance covers you if someone is injured on your property. Commercial business owners need this type of insurance because it can cover personal injury and property damage.
In general, commercial liability policies provide two types of protection:
Personal Injury Protection (PIP) coverage
General Liability Coverage
Commercial auto insurance
Commercial auto insurance protects your business from loss or damage to your vehicles. It covers you if your vehicle is damaged in an accident, stolen and not recovered, or uninsured, and someone sues you for damages.
Auto insurance also provides liability protection for bodily injury and property damage incurred by others when operating a motor vehicle on public roads, highways, or streets within the United States.