Any hardworking business owner in Indiana has to protect their investment from various disasters and liabilities through commercial insurance. However, with a lot of information out there on insurance, most entrepreneurs get confused. That is why Breneman Perry Insurance is here to take you through the different types of commercial insurance.
Any entrepreneur who has just opened a business and is uncertain of what risks their business is exposed to can get this type of commercial insurance. General liability insurance is comprehensive, protecting your business from various financial losses. For instance, if a client sues you for injuries that they received while at your business, this coverage can help with legal fees.
If you use a car to help run your business, you should get auto insurance. It helps cover any expenses arising from an accident where you or your worker is at fault.
Any business, despite its size, needs workers' compensation insurance as long as it has employees. This is because an employee can get ill, injured, or disabled at work, and with this kind of insurance, any medical expenses arising from the accident get covered. In addition, if an employee dies in the workplace, they can get compensation for the loss.
It provides coverage for the company’s assets like inventory, furniture, equipment, and the building. In case the company suffers a disaster like a fire, commercial property insurance provides coverage for financial loss.
Also known as professional liability insurance, it provides coverage for a business against lawsuits from customers because of mistakes that either you or your worker has made. It could be an error that caused a client to lose a case or a large amount of money.
If a disaster strikes like a fire or a blackout interrupting your business operations or causing temporary closure, this type of commercial insurance compensates you for the lost revenue.
Business owners in Indiana shopping for commercial insurance can reach out to Breneman Perry Insurance for help in picking the right type of commercial insurance.
