Owning your own business brings with it a special type of pride and sense of accomplishment. Along with this, though, also comes a considerable amount of responsibility. You have invested a lot of time and money into your business, and you have the responsibility to protect that investment. At Insurance Solutions Pacific Coast, Inc., serving California, we love to take the opportunity to educate our clients on important insurance topics. Keep reading to find out what you need to know about commercial insurance for your company.
What is Commercial Insurance?
Commercial insurance is a unique suite of insurance products designed to help business owners protect their company. Commercial insurance products are put in place to make sure that the investments you have made into your company are securely protected. If your company were to experience damaged property, injured customers or employees, or even vehicle accidents involving company vehicles, it could leave your company financially vulnerable. Commercial insurance seeks to decrease this vulnerability by providing you, the business owner, with a secure way to pay for these types of incidents.
What Does Commercial Insurance Cover?
Commercial insurance can be customized to meet the specific needs of each individual business owner. However, there are some basics areas of coverage.
- Property Damage - Property damage coverage is critical to have in place if your place of business sustains damage. Damage due to fire or natural disasters can leave you with substantial costs. Commercial insurance will kick in to cover the cost of repairing or replacing property or equipment.
- Vehicle Coverage - If your company operates vehicles as part of everyday business, commercial insurance will cover those vehicles as well as the operators of those vehicles, just like traditional auto insurance.
- Liability - Liability coverage is essential if a customer or an employee is injured at work or because of your goods or services.
If you would like to learn more about commercial insurance, please call our staff at Insurance Solutions Pacific Coast, Inc, serving California.