Lifetime investments deserve protection. When you have a business that you have spent years building, you want to ensure that a small incident will not destroy everything that has been established. Here are a few options for small business owners searching for the right commercial insurance.
Business Auto Protection
Company owners with vehicles that are used during daily operations should invest in a business auto policy. Protection covers financial losses if a company car is involved in an accident that causes personal injury or property damage. Higher limits are given to business owners so that little, if any, financial strain is placed on the entrepreneur in the instance of an incident. Business auto protection is ideal for those looking to cover property that moves frequently and travels long distances. Entrepreneurs with small fleets would especially benefit from a policy.
Commercial Building Insurance
Perhaps your business is not on the road. Commercial building insurance may be the perfect fit for your lifetime investments. A policy covers the structure that houses your company so that you don’t have to worry when floods and other disasters occur. Retail shops are lifetime investments that should not be left to chance when accidents happen. Commercial building insurance provides peace of mind in knowing that your business’ structure and the products inside are protected when tragedy strikes.
Commercial General Liability Insurance (CGLI)
Much like liability car insurance, Commercial General Liability Insurance (CGLI) provides a complete package that protects a small business owner from personal financial obligation. Personal injury, property damage, and natural disasters are covered under a good comprehensive policy. In addition, there is typically the option of having medical payments and legal defense covered by a CGLI policy. Liability insurance is the best option for established companies that would have a number of assets at stake if a lawsuit were filed to cover damages. This sort of protection can also be beneficial to startup businesses that are planning for big returns in the near future.