Types of Business Insurance Policies you will find at Community Insurance
Business insurance policies have been developed to mitigate all risks and overcome every challenge that an enterprise could very likely face. Whilst most enterprises would not require every insurance option, each company will require many, one of them being auto insurance. Depending on the type of enterprise you run, your rates and coverage options may differ widely. But, do you know what types of business coverage options are available with us since 1941? Here, we have discussed a few options available with us at Community Insurance, operating in Burnett County, Cumberland, Danbury, Luck, Osceola and Polk County:
- Commercial auto – If commercial enterprises use vehicles across the road during the normal course of a business, they will require purchasing commercial auto coverage since it covers this for the loss or damage of use in case of any accident.
- Professional liability- Commonly referred to as errors and omissions (E&O) insurance, this professional liability provide professional services to several customers. It protects commercial houses against claims of negligence due to harm that results from a product or service failing to perform.
- Umbrella– Affordable umbrella policies include anything that slips through or goes beyond the limitations of any other policy.
- Workman’s compensation– Even though, this policy is not always required yet it is an absolutely necessary for those employees who are not owners of the company. If an employee is physically injured or becomes sick as a result of their job, this policy covers their medical expenses and also loss of income. In the case of total permanent disability (TPD), these can offer benefits to the employees until they reach the retirement age.
For protecting the future of several commercial houses, these types should be considered by every company, irrespective of the location. Moreover, it is always a smart idea to invest in some amount of coverage.