With business ownership comes great responsibility. There are many layers to the success of your business, and it is very important that you have the proper insurance protection for each of these layers. At August Vincent Insurance Agency, serving Huntley, IL, we can help you better understand the insurance products available for business owners.
Commercial Insurance FAQs
What Is Commercial Insurance?
Your business operates at many different levels. You need insurance protection at each level. However, having multiple insurance policies is not efficient or affordable. A commercial insurance policy bundles the many different types of coverage you will need into one efficient, streamlined policy. This makes insurance more affordable and less complicated.
What Does Commercial Insurance Cover?
You can customize your commercial insurance policy to meet the unique needs of your business, but in general, a commercial policy will cover the following areas:
- Property- The physical location of your business and any equipment or inventory you keep there will be protected with property damage insurance. This type of policy will kick in to pay if the property, equipment, or inventory is damaged, lost, or stolen.
- Vehicle Coverage- If you need to use vehicles for the everyday operation of your business, you will need a solid auto insurance policy in place to protect both the drivers and the vehicles being used.
- Liability Coverage- A business owner is at a heightened risk for liability because you have customers coming in and out of your place of business and using your goods or services. If someone is injured at your place of business or because of your goods or services, they can hold you responsible for medical bills. If a lawsuit results from the incident, you may also be responsible for legal fees. Liability insurance will pay for these types of expenses should the need arise.
If you would like to learn more, please contact us at August Vincent Insurance Agency serving Huntley, IL, and the surrounding areas.
