Business owners should carefully consider their commercial insurance needs, which offer a range of vital protection related to the business. From vehicles to property and the employees within the business, owners can safeguard their investment and lessen the risk of a scenario affecting its growth and presence. The following areas represent some of the primary commercial insurance needs that any business should approach.
Commercial Auto Insurance
A vehicle that is used within the context of business must have its own policy; a personal auto insurance policy is not enough, as it won’t cover items that relate to business, or losses and liability that occur during the course of business use. If your business uses vehicles to perform routine or even occasional operations, a commercial auto policy is a must.
Commercial General Liability Insurance (CGL)
Bodily Injury, Property Damage, Personal Injury, and Advertising Injury are covered with a CGL policy. A convenient catch-all type of policy, many businesses can use it as a starting point for their insurance needs.
Commercial Property Insurance
A commercial property insurance policy can be thought of as a commercial version of a homeowner's policy. You will find similar covered perils, such as fire, theft, and natural disasters that pertain to the business property. If your business has some type of physical location, it would require a property insurance policy.
Workers that are hurt on the job can rely on workers compensation for lost income and medical expenses – instead of your wallet. This coverage is commonly required for employers by the State, and it often extends to temporary employees as well.
Business Owner Package (BOP)
Business owners can take care of many needs in a BOP policy – it often includes Business Auto, Property Damage, Business Income, Business Property, and Bodily Injury, as well as other types of basic insurance needs. Some carriers have products that offer more broad coverage than others – another reason to have an Independent Agent at Evoke to represent YOU to obtain the coverage you need to protect your business you have worked so hard to build.