Your business is an investment of your time and energy. There are many types of commercial insurance available to protect your business and your assets. The Homeowners Insurance Group serving Scottsdale, AZ would like you to know what some of your options are.
Commercial insurance may also be known as business insurance. If you have a small business, then you might consider a Business Owners Policy (BOP). A BOP is a type of business insurance that includes three insurance types – liability, property, and business interruption.
An alternative to a BOP is something called a commercial package policy which is for businesses that would fall beyond the purview of a BOP.
Business interruption insurance is coverage against physical interruptions to your business that affect your income.
Property insurance is cover against the damage or loss of your property because of a particular peril. A peril is the cause of your loss.
Comprehensive general liability (CGL) covers all business liabilities though it is important to review any possible exclusions.
Commercial auto insurance is for your business-owned vehicles. There are several variations on this type of insurance but, most importantly, you need to be covered for liability and the loss or damage to property.
Workers Compensation Insurance is for employee injury, disability, or death for which the employer is liable. It is prescribed by the state and is a no-fault system.
Commercial insurance is extensive, and there is something available for every type of business. It is incredibly important to consult with your insurance agent. You need to make sure that you cover as many of the possibilities as you can. Hope for the best and plan for the worst. Speak to the Homeowners Insurance Group serving Scottsdale, AZ today and protect your business.
