Understanding Commercial Insurance

One of the first things many people do when they start a business is to purchase business insurance as a safety net for themselves and their employees. Purchasing a good insurance policy can help protect your company from tragic incidents or financial losses that could cripple or close the doors to your business forever. Commercial insurance can also provide the means of staying open after a lawsuit or natural disaster.

Insurance Problem

The problem most company owners have is deciding what type of policy they need because there is no one-size-fits-all when it comes to commercial insurance Lodi CA. To help you decide what is right for you, here are a few facts about the three main provisions most policy owners need.

Property Insurance

Your business can be a huge investment, so property insurance can be the best way of protecting it from theft, fire, storms, vandalism, explosions, and numerous other problems. If your commercial building is in an earthquake or flood zone, don’t forget to add those provisions to your policy.

Liability Insurance

Business liability insurance is a comprehensive coverage that can protect your company against lawsuits for property damage, personal injury, or false advertisement. The policy often includes legal defense fees and can pay out the liable amount up to the policy limit if you are found responsible.

Workers Compensation

The state required workers compensation insurance can protect your business from lawsuits by employees that are hurt on the job or contract an illness as part of their duties. Once the employee reports their injury, the insurance can cover medical costs and provide wage replacement.

Protecting your company by purchasing a commercial insurance policy can be one of the best investments you can make in your business’ future. You worked hard to build your brand, why not take a few minutes with an insurance agent to find coverage that will protect it for years to come.

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