Here at Curtis Helms Insurance, we want to help make your business a success. When you’re starting a new company, one of the most important things to do is to make sure you get great commercial insurance. Accidents can happen to anyone at any time, and your commercial insurance can make the difference between your business being dragged under from such an accident or staying afloat. In this article, our team at Curtis Helms Insurance will go over three major types of commercial insurance and the reasons why they are essential to any business.
- Liability Insurance- Liability insurance protects your business in the event that your company does damage to another party. This type of commercial insurance is there to cover the costs of personal injury or property damage lawsuits or the costs of injuries that customers incur at your place of business. The costs of litigation or medical care can grow to enormous amounts, so make sure your business doesn’t have to cover them out of pocket.
- Property Insurance- Property insurance is what protects your finances in the event of damage to your business facilities, such as from a fire or flood. Clearly, your profits are going to take a hit if your facilities become unusable for any length of time, so make sure you have the financial protection to let you begin reconstruction right away in the event of such a disaster.
- Workers’ Compensation Insurance – The third type of commercial insurance is known as workers’ compensation. If one of your employees becomes injured on the job, this is what pays for their medical costs and protects you from any negligence lawsuits.
We at Curtis Helms Insurance want to help your business succeed, so we encourage you to secure comprehensive commercial insurance as soon as possible.