What business insurance coverage options are available?

Your business is booming, but you’re not sure if you navigated your way through your insurance options properly. You have several types of business insurance to consider, from general liability insurance to commercial vehicle insurance.

Commercial general liability insurance helps you in the event that a customer sues you. These suits may be because the customer got hurt when shopping at your store, or when they used your product. The insurance company handles legal fees and other payments associated with the lawsuit, so your business isn’t driven to bankruptcy.

If you require a commercial fleet for your business, you need commercial auto insurance. This type of insurance helps to protect the commercial use of your vehicle in the event of an accident, as well as providing you with options for higher amounts of liability coverage if needed by your business.

Workers compensation insurance is a type of business insurance you need when you employ other people. This insurance covers injuries that happen to employees during the course of business. Some items that this insurance pays for includes the medical bills associated with the injury as well as missed time at work. You help your employees and yourself when the worst happens while they are working.

Commercial crime insurance coverage cuts down on the financial impact that crime has on your business. This type of insurance covers everything from someone pulling the contents of your cash register to an employee defrauding the company. This insurance goes hand in hand with commercial property insurance, which adds in coverage of your property and assets in the event of an accident or natural disaster.