What Small Businesses Need To Know About Commercial Insurance

Owning your own business is quite an accomplishment. The thrill of ownership is what inspires many people to start their business in the first place. However, along with that ownership comes responsibility and in some cases liability. At Hyman Brown Insurance Agency Inc, serving Commerce, GA, we love to take the opportunity to educate our clients and future clients on how they can better protect their small businesses. Keep reading to learn what you need to know about commercial insurance. 

What is Commercial Insurance?

Commercial insurance is a unique combination of insurance products, specifically designed for the small business owner. These insurance products provide protection that is needed by business owners in order to protect the investment of time and money they have put into their company. 

What Is Covered Under Commercial Insurance?

Commercial insurance can be customized to suit the specific needs of your particular company. However, commercial insurance does cover some general areas which will be standard for most policies. The general areas of coverage can include the following:

Property Damage- Property damage insurance for a business is similar to that for a homeowner. If your company operates a physical location, your insurance will kick in if property or equipment is damaged or lost due to fire, natural disaster, or theft. This type of coverage can be very important to the long term financial health of your business. 

Auto Insurance- Many companies operate vehicles as part of their business. Commercial insurance can provide protection for these vehicles as well as those operating the vehicles. 

Liability- This is probably one of the most critical forms of insurance for the small business owner. If someone is injured on your property or through the use of your goods and services, liability insurance will pay medical expenses or legal expenses if there are any. This type of insurance will also cover employees injured at work. 

If you would like to learn more, please contact our staff at Hyman Brown Insurance Agency Inc, serving Commerce, GA.