Commercial Insurance What Do you Need?
Planning to open a business? You’re in for a busy time. There’s a lot to get your head around, and the chances are you have a massive ‘to do’ list close at hand. Perhaps you’re here because you’ve just worked your way down to “insurance” on your list! We know you’re busy so here are the different types of commercial insurance. You may need some or all of them:
- Property insurance: if you own your business premises or the contents within it, you’ll want to protect yourself against financial loss from theft, natural disaster or other damage.
- Liability cover: from people tripping over your door mat to clients suing you for negligence, this type of cover can be tailored for your business requirements. It is designed to protect you from the expense of legal fees and damages pay-outs.
- Commercial auto insurance: if you use a vehicle for business purposes you must have commercial cover even if you use it privately too.
- Workers’ compensation cover: if you have employees, this may be mandatory. Even if it isn’t, it’s still a good idea.
- Business interruption: major catastrophes can bring trade to a halt for weeks. Would you survive financially? This can be an important area of cover.
They’re just the most common types of commercial insurance. You may also be able to obtain a policy that is tailored to the type of business you operate – for example, trucking or Bobtail insurance, or a policy that’s tailored to professional consultancies.
Oh, that ‘to do’ list is getting longer! You could always give us a call and let us guide you through the insurance maze.
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