Commercial insurance varies from industry to industry. As unique as your business is, your insurance coverages should match the uniqueness of your company. Whether you are a small or large business, there are some essential coverages to think about before purchase. Here are some of the most common commercial lines insurance programs.
Business Property Insurance
Business property insurance is simply property insurance for any of the buildings that belong to your company. This may protect inventory, property structures, warehouses, furniture and even machinery.
Business Owners’ Policy
A business owners’ policy is a bundle of different business protections. This is one plan with a multitude of commercial insurance lines. Keep in mind that this insurance coverage does not include all policies.
Commercial Auto Insurance
Don’t make the mistake of thinking that your personal auto insurance covers your commercial vehicle. Commercial insurance protects any automobile that you use for business purposes.
No matter how many employees you have, it’s crucial that your employees and company have this type of protection. It pays for lost wages and hospital bills when employees suffer injuries or illness.
No matter the business that you own, you need commercial lines insurance programs to protect your company. Large and small companies alike need specific coverages to protect against a variety of liabilities and risk.