Are you just starting up your new business? Or perhaps you have recently been wondering if your current commercial insurance coverage is enough. It can be frustrating trying to educate yourself about business insurance options. Let us help you understand some basic aspects of business insurance.

General Liability

This is the foundation of most policies. General Liability will cover your business’ most common exposures such as property damage or bodily injury caused by you during the normal course of operations.

Workers Compensation

If you have employees, this coverage will provide their medical benefits for work-related injuries. Your state may require workers compensation coverage if your business has employees, and the specifics about what you’ll need will vary. North Dakota, Ohio, Washington and Wyoming are monopolistic states where workers compensation is handled by the Bureau of Workers Compensation.

Commercial Package or Business Owners

If you need business personal property coverage, as well as general liability and insurance for your building, a Commercial Package or Business Owner’s Policy can provide a reasonable commercial insurance solution by packaging all of these together.

Commercial Auto

Vehicles used in the course of your business may qualify for commercial auto coverage. When looking for a quote, be sure to have the license numbers of any potential drivers and VINs for the vehicles.

Commercial Umbrella Coverage

For areas that fall outside of these specific policies, you might consider a commercial umbrella policy. This is written in addition to foundational business insurance policies like those listed above, and is intended to cover catastrophic losses.

If you have any additional questions or concerns regarding anything insurance, call your Trusted Choice Independent Insurance Agent at Richey-Barrett Insurance Agency!