Why Your Small Business Needs Commercial Insurance

 

 

Murphy’s Law state that whatever can go wrong, will. That’s why you need commercial insurance to cover any liabilities your small business may face. When you have commercial insurance protecting you from severe financial loss due to damages or lawsuits, you can stay afloat when an uninsured business would have gone belly-up.

Benefits of Commercial Insurance –Commercial insurance is an absolute necessity for small businesses. Your policy will protect you from losses due to property damage, theft, employee injury, and liability.

The Three Types of Business Insurance – Commercial insurance for small businesses can be broken down into three categories:

  • Liability Insurance. Liability insurance protects you in the case of a lawsuit. The insurance will cover damages if your company causes damage to a third
  • Property Insurance. This type of insurance protects you against damages to your business, including fire damage and flood damage.
  • Workers’ Compensation Insurance. If an employee is injured on the job, worker’s comp insurance will cover the medical expenses.

 Consider Your Risks – The type of small business insurance you purchase will depend largely on the risks that you and your employees face on the ob. A higher premium is beneficial in cases where you employees operate a fleet of vehicles, frequently travel for work, or operate heavy machinery. When you need commercial insurance quotes in Lodi, CA and the surrounding areas, trust Eugene C. Yates. Call us today at 844-313-6100 today to discuss your commercial insurance options.