Check out how to secure the right commercial insurance for your business.
No two businesses are created equally. From different specialties, employees, and risks, businesses need tailored coverages to ensure their own business is covered.
Thus, business owners should not buy an off-the-rack insurance policy as it won’t be customized to their specific needs and vulnerabilities. Business insurance is an essential expense for every company. So, how much insurance and which types does your company need?
To get you started, here are some policies that your business should consider:
General Liability Insurance
This liability insurance protects your business in the event of a lawsuit for personal injury or property damages. It will usually cover the damages from a lawsuit along with the legal costs, whether or not the case is won or lost. The more dangerous or risky the business, the more important it is to have good coverage.
Property Coverage
If you own a building, you need to protect it. Should a fire destroy the building and contents, it could severely hinder your business and future. This is where property coverage steps in to cover repairing and rebuilding costs resulting from a fire, natural disaster, and burst pipes.
Workers’ Compensation
Even a business with only one employee is required to have workers’ compensation as it protects your team in the event of an on-the-job injury. This no-fault coverage will provide financial aid to cover the employee’s medical expenses and lost wages, and if an employee is killed on the job, it will compensate the employee’s family.
Commercial Auto Insurance
Vehicle coverage for your business covers you for damage to the vehicle and property damage caused by your vehicle. If you or your team make deliveries, travel in a company-owned vehicle, or even own a car for work purposes, commercial auto insurance is there to protect your investment and employees.
Be sure to secure the reliable commercial insurance for your business in Orland Park, Illinois by contacting your local professionals. Visit Gee Schussler Insurance Agency to get started on your tailored policy.
