Starting your own business, large or small, is risky to the say the least and you will want to protect the investment of time and money you put into your Wisconsin-based business through obtaining the proper insurance policy. Commercial insurance is one way to guarantee that your business is protecting but what is and what does it cover?
What Is Commercial Insurance?
Commercial insurance is designed to provide coverage for businesses and corporations, including each business’s property, employees, and products. It covers anything that can threaten the success of a business. Most of the time, owners of businesses and corporations can work with their insurance agents to create the best insurance policy for their situation based on their needs and preferences.
Commercial Insurance Coverage Options
Property insurance is an important option for commercial insurance. It will cover losses caused by weather-related disasters from hail, windstorms, fires, and lightning along with vandalism, theft, and civil disturbance like a riot or other commotion. This type of insurance also can cover supplies, appliances, office equipment, and machinery that is needed for the business to function after a disaster or other incident occurs. Business interruption insurance can also be added to your policy which will cover employee salaries and other things that must continue even if your business burned down or was otherwise destroyed. It will cover your net profits before the incident occurred.
Liability insurance is incredibly important for a business owner since it covers injuries that may occur to people while on your property or while using a product you produce and/or sell. From bodily and personal injury to damage to someone else’s property or injuries to someone through your company’s advertising, this is an important policy to have to ensure the protection and sustainability of your business.
Commercial insurance is imperative in keeping you and your business protected in Milwaukee, WI. Call an experienced and knowledgeable insurance agent at Dern & Company today to assist you in creating the best commercial business policy for your company.