Commercial insurance is a type of insurance that is designed to protect businesses, business owners, and their employees from financial loss in the event of an incident covered by the commercial insurance policy. It helps to pay the costs of lawsuits, property damage, vandalism, fire, and other covered losses. Commercial insurance comes in many sizes and shapes because there are many types of businesses.
What Does Commercial Insurance Cover?
There is no single policy that would protect against all business risks. There are different types of commercial insurance that protect against different threats to businesses.
In general, standard commercial insurance covers risks that are associated with the following:
- Property. It helps cover the cost of repairing and replacing the property.
- Employees. Commercial insurance can help in such situations as an employee is hurt on the job, an employee sues a company for discrimination and others.
- Motor vehicles used for business purposes. There is special commercial insurance designed for vehicles used for commercial purposes.
- Customers and clients. It helps to manage the risk presented by clients and customers. For example, commercial insurance will pay for immediate medical expenses and lawsuit costs if you are sued by a customer or client.
Bryan Insurance Agency LLC serving New Windsor, NY – We Will Help Get The Right Coverage
If you are a business owner, you probably understand how important commercial insurance is. If you run your business in New Windsor, NY or any other surrounding area, and you are thinking of getting proper commercial insurance, contact Bryan Insurance Agency LLC. Our professional insurance agents will help you find a policy addressing your personal and commercial needs.