No matter what type of business you own or manage, one of your primary goals is to ensure that its future remains strong. While planning and strategizing is important, it’s also a good idea to protect yourself against the unknown. That means you need a good commercial insurance policy in place.
Commercial insurance can come in several forms, and knowing which type is right for you is the key to making sure that you’re fully protected. You may need a policy that provides all types of commercial insurance or just one or two of them. Corporate and commercial insurance has reached a market capacity of more than $3 billion in 2017. Therefore, it’s a good idea to look at the different options available to you more closely.
This type of insurance policy pays for any loss or damage related to your property. If a fire occurred in your office, the policy would pay for the loss and property repairs. If there’s an incidence of theft, it’s likely that your policy will help you recoup your losses. This aspect of commercial insurance is highly customizable and can be adjusted depending on what you need, including:
- Property damage
- Theft loss
- Debris removal insurance coverage
- Builders risk insurance
- Glass coverage
Talking to your trusted insurance expert is the fastest and easiest way to ensure that you get the right amount of coverage for you and your property.
Usually required by law, this insurance coverage protects your business in the event of an accident or injury that occurs on your property. This helps pay for damages and provides protection against legal action as well. It’s not just required for compliance in most situations; it’s also something that will give you peace of mind.
Another aspect of liability insurance to some degree, worker’s compensation coverage is required if you have at least a single employee on the payroll. This type of insurance covers businesses and protects them and their employees if someone gets hurt on the job. The policy will pay for medical care and treatment and protect the company against lawsuits.
It’s important to note that additional coverage options exist along with the ones already mentioned. Everything from crime insurance to tenant insurance is available, and the key is to make sure you have a policy that suits your business well.
Talking to an insurance professional lets you identify what kind of coverage you need and helps you ensure that it’s in place. You may need a combination of several different kinds of insurance to stay legally compliant and fully protected, so speak with an expert to ensure that you obtain the right policy.
Our team can make it easy for you to get the coverage you need and deserve. Contact Panorama Insurance today to get started and get protected.