Commercial insurance also known as business insurance is an important financial investment for all small businesses. When operating a business you’re faced with many challenges and risks. A good business insurance policy can protect the company and your employees. It can help to protect your company from risks such as property damage, business interruption, theft, liability, and worker injury. Choosing the right business insurance for your company can mean the difference from going out of business after a major loss or completely recovering.
How to buy business insurance
The best way to purchase business insurance is to speak to a local business insurance agency such as Eugene C Yates Insurance Agency. It can be critical to set up your business plan and protecting your company the right way. The agents at Eugene C Yates have access to the top business insurance companies in the industry and have working knowledge of all the business insurance discounts available.
If you would like a free customized business insurance quote, please give us a call today at 916 313 6100.
What type of business insurance do I need for my small business?
Business insurance isn’t a one policy fits all type of insurance. Depending on the individual risks your company could run into and the characteristics of the business, an agent will walk you through the process so that you can determine the coverage you need. Our experienced agents have written thousands of policies and helped multiple companies get on the right track. Below are commercial insurance that cover broad areas of exposure;
Commercial Property Insurance
- Commercial Property
- Inland Marine
- Boiler and Machinery
- Crime
Commercial Casualty Insurance
- Commercial Automobile
- Commercial General Liability
- Commercial Umbrella
- Workers Compensation
Commercial property insurance
If you own or rent the building your company is in, business property insurance is always a wise choice. It will work to protect your business property and personal property within the building. Commercial property insurance can be sold individually or in combination with other business insurance products. A business owners policy (BOP) is one way to get property coverage and liability insurance in one convent package.
Building coverage will include the structures and completed add-ons. They should be listed in the policies declarations page. Permanent installed fixtures, machinery, and equipment will also be insured as part of the budding coverage. Typically you are required under the insurance policy to fully insure the value of your building. If a building is not insured to value, you can be subject to a monetary penalty at the time of a loss.
Business personal property includes furniture, fixtures, machinery, and equipment not permanently installed, inventory and any other personal property owned by & used in your company.
Personal property of others is in reference to property that is in your companies care, custody or control. Depending on the type of business you own, will let you know if you need to protect the personal property of others.
Casualty business insurance
Casualty insurance will provide coverage for liability exposure of a business or individual. Liability from the neglectful acts of an individual, business that causes bodily injury and property damage to a third party is the subject of casualty insurance. Examples of casualty insurance are commercial automobile, commercial general liability, commercial umbrella, and workers compensation.
Commercial auto insurance
Business auto insurance coverage is similar to personal auto insurance except it covers the vehicles you use for business. It can protect your business from liability if your company vehicles are involved in an accident. Business Auto Policy (BAP) has the flexibility to provide coverage for business, personal, non-owned, or hired autos based on the coverage purchased and applied to each scheduled auto.
There are a lot of different forms of business insurance coverage. If you have additional questions or would like a customized business insurance quote, please give us a call at 916 313 6100.