Types of Commercial Insurance
You might be familiar with auto and home insurance, but as a business owner there is a whole world of commercial insurance out there to protect your business and you as an owner against damages.
Business Liability Insurance
Business liability insurance, also known as commercial general liability – it can protect you in case you’re sued by a third party. This policy can help cover costs of legal fees and financial damages if your business is sued.
Workers’ Compensation Insurance
This coverage can pay for any medical care and replace partial wages for an employee who is injured while working
Property Insurance
Building and Premise coverage against physical disasters: fire, wind, etc
Personal Business Property within the building such as computers, desks, chairs, etc
Business Auto Insurance
Vehicle(s) used primarily for business-use
Business Umbrella
Excess Liability coverage over-top your business property and business auto policies
Terrorism Insurance
The Terrorism Risk and Insurance Act (TRIA) coverage against terrorist attacks.
Key Employee Insurance
Compensates a business if a key employee dies or becomes disabled.