Business/Commercial Insurance

Business insurance protects your investment in your business, along with your investors and co-owners.

Common Types of Commercial Insurance:

1. Property Insurance – pays a business if the property used in the business is lost or damaged as the result of various types of common perils, such as fire or theft. Property insurance covers not just a building or structure but also what insurers refer to as personal property, meaning office furnishings, inventory, raw materials, machinery, computers and other items vital to a business’s operations.
2. Liability Insurance – pays damages for which the business is found liable, up to the policy limits, as well as attorneys’ fees and other legal defense expenses. It also pays the medical bills of any people injured by, or on the premises of, the business.
3. Business Auto Insurance – provides coverage for autos owned by the business. A business insurance policy any costs to third parties resulting from bodily injury or property damage for which the business is legally liable, up to the policy limits.
4. Workers Compensation Insurance – In all states but Texas an employer must have workers compensation insurance when there are more than a certain number of employees, varying from three to five, depending on the state. Workers comp insurance, as this coverage is generally called, pays for medical care, and replaces a portion of lost wages for an employee who is injured in the course of employment, regardless of who was at fault for the injury