Your business faces a number of different potential risks. However, for each risk you’re likely to find an insurance company that will offer a policy to provide protection. The problems that many businesses have is knowing what is enough insurance and what is too much. With so many different policies available, you could easily bankrupt your business while trying to protect it.
If you don’t have a lot of experience buying commercial insurance, you might want to consider speaking to Commercial Insurance Agents. These agents can help you understand the basics of commercial insurance, such as workers compensation insurance, property insurance and general liability insurance.
This basic business insurance will allow coverage for employees that are injured on job-related duties. It will also protect your business facility from fire, theft or other types of damage. Liability insurance will cover accidents that happen at your place of business. In some cases, this insurance won’t be enough and more specialty policies will be necessary.
For example, if you own or operate a restaurant, and if that restaurant sells alcohol, you might need alcohol insurance. This covers any liability your business has should one of your patrons become intoxicated and injure somebody. You may also want to consider food spoilage insurance. This would cover your costs if your freezer or refrigeration units were to become inoperable. If a large quantity of food goes bad because these systems aren’t working, this insurance covers the cost of replacing your food inventory.
There are more specialized coverage options that your business can purchase. For example, you can purchase business interruption insurance. This covers your costs should your business be unable to open for an extended period of time. This can be caused by power outages, a severe weather event or perhaps a fire. You can also choose insurance that covers your business should key members of your business either pass away or become disabled.
As you can see, there are plenty of commercial insurance policies that you can purchase to protect your business. If you want to know which policies are going to be right for your business, speaking with professionals at the Perdue Insurance Group can be very helpful. Speaking with these qualified Commercial Insurance Agents will give you an idea as to what type of insurance is going to be right for your business.
