Is Commercial Insurance Right for Your Business?

Business owners usually have many things to do to keep their businesses running. Those things can include inventory, taxes, and safety precautions, to name a few. One of the most important things business owners can do to protect themselves, and their business is to get commercial insurance. There are several different types of coverage that you can choose from to help protect your business. Let’s see if commercial insurance is right for you.

What types of commercial insurance coverage are available?

With the many types of coverage available, it is essential to know what they are to determine if they are suitable for your business needs. Commercial insurance coverage types include the following:

General liability:

If a customer gets injured at your place of business, general liability insurance can help cover the costs. General liability coverage also covers the potential offenses that might happen due to advertising and copyright infringement.

Property coverage:

You can never predict what might happen, so it is smart to be prepared with property insurance. This can protect your business property from damage due to fire, natural disaster, or theft so that you don’t have to cover those costs yourself.

Management liability:

Management liability helps cover a manager if they are sued for something while managing your place of business.

Employment practices liability:

If an employee files a claim for acts against the company or employer, employment practices liability insurance helps cover the costs of the claims against the company.

Worker’s Compensation:

If an employee gets injured on the job, worker’s compensation helps take care of the medical bills and possible loss of income due to the injury from work.

Commercial auto insurance:

If the company has company-owned vehicles, commercial auto insurance covers those vehicles and the drivers who operate those vehicles.

Business interruption coverage:

If something happens that makes it so the business cannot work effectively for a while, business interruption coverage helps with the financial burden and loss of income.

Crime coverage:

Crime coverage helps cover losses if a theft or other crime occurs.

Contact us

For more information about commercial insurance for your business, visit us or contact us at Nieroda Insurance Agency in Saint Charles, MO.