Owning your own business can be an exciting and rewarding journey. That reward comes at the cost of your investment of time and money. To make sure that this investment of time and money is sufficiently protected, there are steps that business owners must take to protect themselves. At Bachmann Insurance Agency, serving Flushing, MI, we take great pride in educating our clients on how they can best protect their investments. Keep reading to find out what small business owners need to know about commercial insurance.
Why Do I Need Commercial Insurance?
Commercial insurance refers to a variety of insurance policies that work to protect a small business owner. There are unforeseen problems that can have a dramatic effect on your business and your income. As the business owner, you are more liable for certain damages. Commercial insurance can kick in to help protect you from these damages.
What Does Commercial Insurance Cover?
Each business will be different and, therefore, will require different types of coverage. In general, commercial insurance will cover the following areas:
- Business property – If your business operates at a physical location, you will want this property protected in the event of damage, burglary, or in the case an injury takes place.
- Vehicles – If your business operates vehicles to conduct business, these vehicles will need to be insured and the drivers who drive them.
- Liability – A business owner puts themselves at a unique risk when they operate a business. If an individual gets injured on your property or as a result of your services, you could be held liable for their expenses. Liability insurance will kick in to cover these expenses.
If you would like to learn more about commercial insurance, please contact our friendly staff at Bachmann Insurance Agency, serving Flushing, MI.