As a business owner, protecting your existing assets and the future prosperity of your company requires comprehensive commercial insurance. You must protect your business’s commercial property, the automobiles you use for transportation, the equipment you utilize to provide goods or services, and the employees who make your business a success.
Whether your company utilizes a fleet of vans to deliver goods or a single corporate car for customer visits, remember that your personal auto policy will not cover accidents occurring while on company business. You must have commercial auto insurance. Lines of coverage include the following:
- Property damage
- Personal injury
- Uninsured motorist
The term commercial property refers to more than just the land on which your company’s building is situated. Therefore, commercial property insurance doesn’t just protect plots of land, the structure of your building, and the adjacent fences and walkways. Commercial property coverage also protects the following items:
- Outdoor and indoor signs
- Furniture and fixtures
- Equipment and machinery
- Valuable documents
In addition to protecting your commercial property and vehicles, it is imperative that business owners protect themselves against costly liability claims. Consider the following types of liability protection:
- General liability: Commercial general liability insurance pays medical costs, legal fees and settlement awards in the event a liability claim is filed against you. Liability protection can be coupled with commercial property insurance to create a business owners policy.
- Professional liability: Service providers, such as accountants, lawyers and doctors, can be held liable for professional errors or malpractice. Professional liability insurance provides protection in case you make a mistake.
- Cyber liability: Safeguard yourself—and your clients’ personally identifiable information—against cyber attacks and viruses with cyber liability coverage.
- Umbrella/excess liability: Excess liability insurance extends your general liability coverage in the event that your coverage limits are exceeded.
You’ve worked hard to make your business a success; don’t risk it all by failing to protect yourself with proper business insurance. Contact Beaty Insurance at 409-886-1351, or fill out the form on this page to learn more.