There are many different commercial insurances, and it’s tough to figure out which is right for your business. But don’t worry – we’re here to help! Here are the most common types of commercial insurance:
1. Property Insurance
This type of insurance protects your business property from damage or theft. It can cover the building itself and any contents inside. Any company that owns property should have this type of insurance.
2. Liability Insurance
Personal injury protection protects you against legal responsibility if someone is injured on your property or sued for violating anti-discrimination or defamation laws. You have too much on the line not to have this type of insurance!
3. Product Liability Insurance
This is important for any company that manufactures or sells products. It offers protection to your assets if a product you sell causes harm to someone. A product liability policy can cover medical expenses, legal fees, and damages. Your Fuhriman Insurance Agency expert will help you determine the right coverage for your business.
4. Professional Liability Insurance
If you provide professional services, this type of insurance protects you from financial damages if someone accuses you of negligence. For example, if you’re a doctor and a patient sues you for malpractice, this type of insurance would cover your legal fees.
5. Workers’ Compensation Insurance
This type of insurance is required by law in most states if you have employees. It covers their medical expenses and lost wages if injured on the job. Workers’ compensation insurance protects you and your employees, so it’s a win-win.
No matter your business type, Fuhriman Insurance Agency can help you find the right commercial insurance policy. We’ll work with you to determine your coverage and get you the best rates.