« Back to Home

5 Types Of Commercial Insurance

Posted on

The key to feeling secure about every aspect of your business is by having the right type of commercial insurance policies in place. This will allow you to have the security you need if a disaster strikes. The financial challenges of dealing with catastrophic events can be numerous, and it's ideal to be prepared beforehand. By knowing the different types of commercial insurance that is offered to you, this will allow you to make the right selection.

Property insurance

Keeping your building or office safe and sound against damaging weather elements, vandalism or thievery is important at all times. It's ideal to keep the right amount of coverage on your property to allow you to do so and protect you if the structure of your company has any damage to it.

Builder's risk insurance

If you're in the process of constructing a building for your business, you will want to be certain that you have insurance on it. Construction costs can be expensive and even though your building may not be completed, you will want to have coverage on it in case there is storm damage.

Be sure to talk to your commercial insurance agent about builder's risk coverage that will protect you from the beginning of your business construction to the end of it.

Glass insurance

What if the glass in your building is broken by accident? This could be expensive to replace, and it's ideal to have glass insurance in place to help you avoid this unwanted cost.

Auto insurance

Do you have employees that operate your company vehicles to do service calls or make deliveries? If so, you will want to have auto insurance in place to keep your cars covered at all times. This will allow the insurance provider to pay for any necessary repairs or losses due to a collision.

Liability insurance

Regardless if you offer a service or a product, it may simply be impossible to keep all of your customers and clients happy. If you're faced with a lawsuit from an irate individual, it's ideal to have liability insurance in place. This will pay for any of your legal fees and can end up saving you lots of money.

The benefits of having the right type of commercial insurance in place are many. Be sure to talk to your agent today to help you find the best policies to meet the needs of your company!

Contact a company like Matlack & Company to learn more.