When you begin your business, it is essential to first purchase insurance immediately. Commercial Insurance has three common types, property, liability and worker’s compensation. These will generally cover damages to your property, damages to 3rd parties and on-the-job injuries. Here is a little more information that can help you with the importance of commercial insurance.
- Commercial Property Insurance – Commercial property insurance protects your small business from fire, theft and natural disaster damage. Depending on your type of business, the cost of this insurance can fluctuate. For example, a business with high risk, like railroads or transportation, can be much more costly to cover.
- Commercial Liability Insurance – Commercial liability insurance protects your small business from claims from bodily injury, property damage, personal, slander and false advertising. Liability insurance gives you the ability to be protected while work is being performed off of your premises.
- Worker’s Compensation Insurance – Worker’s compensation actually serves two major purposes. First, it protects your workers if they are injured on the job. Second, it will also protect your company so that an employee can no sue you for injuries or illness caused by the job.
Consider these three necessary options for your small business. Are you looking for Commercial Insurance in the Jacksonville, FL area? Check out Zellner Insurance Agency, today, for a quick quote!