Running a successful business requires providing top-notch products and services and hiring the right people. However, an unexpected accident can derail your business even if you do everything right. Shop My Insurance offers comprehensive commercial insurance to Oregon, Washington, Texas, Idaho and Arizona business owners.
Are you wondering if commercial insurance is a necessary purchase for your company? If that’s the case, please continue below so you can better understand the importance commercial coverage.
There are different types of commercial insurance policies available to business owners. Notably, not all of them are required by law. Does that mean they’re not necessary…? Absolutely not!
Certain states require coverages like workers’ compensation insurance, if you have at least one employee, and commercial auto insurance, if you use a company vehicle. Many other commercial policies insurers offer are optional, depending on your field.
Although, an insurance plan being optional doesn’t make it any less valuable. General liability insurance shields your business from financial responsibility if an accident occurs on your commercial property. Commercial property insurance covers your place of business and many of its contents. It’s also important to consider coverages like business income to soften the financial blow if you’re put out of business for a time due to a covered loss.
In recent years, more and more business owners are also paying for cyber liability insurance. They are paying for that policy to protect their business against the threat posed by hackers and other nefarious individuals who do their dirty work online.
Although those additional policies are often optional, they remain beneficial to any business owner.
There is no one set of commercial insurance policies that works for all businesses. You first have to consider the needs of your business and then find the policies that match.
Don’t worry if you struggle to identify your company’s needs. Contact one of our representatives so we can make recommendations based on the information you provide.
Your business deserves top-notch insurance coverage. Secure that comprehensive commercial insurance plan by working with us at Shop My Insurance. Contact us today!
for all your insurance needs!
