A Commercial Insurance Update
Your business keeps you running from dawn to dusk. You have many decisions to make every day in order to keep your business profitable. Our job is to be your business insurance resource and to provide you with the best combination of coverage, price, and service. A commercial liability policy can protect your company from actions by yourself and employees if a third party is damaged or injured.
Basic Questions for a Better understanding of Commercial Liability Insurance
What Does a Commercial Liability Policy Cover? – This coverage is intended to cover your business and employees from injury or damage to third parties resulting from your negligence. This might include damage to property or injury to others. If your products or services cause a loss to a third party, a commercial liability policy will respond.
How Do I Determine What Limits I Need? – How much coverage you need depends on your industry and the size of your company. We usually recommend at least $1,000,000 in coverage to start with. If you are in construction or similar industries, we might recommend higher limits.
Is Commercial Liability Insurance Expensive? – Insurance premiums are based on a number of factors including revenues, industry, number of employees and other factors. For a small business commercial liability premiums are not expensive.
What Is the Best Way to Obtain Commercial Liability Insurance? –The best way to secure commercial liability insurance is to use an independent agent like us. We would combine your commercial liability along with commercial property coverage to get the best combination of coverage, price, and service.