Commercial Insurance 101

Owning a business takes dedication and vision, and preparation for the long-term is necessary. No matter the size of your operation, part of preparing for the unexpected means securing protection for your employees and assets with commercial insurance. The right policy could save you money when accidents cause damage to equipment or property. If you’re new to owning a business, or just need a refresher on the basics, here are some coverage options to keep in mind when considering a commercial policy: 

Commercial Property

The property you choose for your business operations is crucial to its overall success. So is the coverage you select to help protect the property and everything inside of it. Things like building structures, inventory, equipment and leased property can be protected under commercial property insurance. This is a great place to start when getting a policy. 

Commercial Auto

From hauling parts to delivering flowers, your company vehicles work as hard as you do. If you have company vehicles, you’ll want to secure commercial auto coverage for them. Features such as auto liability and uninsured motorist will not only protect your vehicle, but will also provide extra coverage for you, your passengers or other drivers of the automobile. 

Commercial Liability

We know small businesses don’t always feel so small. Let us help take one worry off of your mind with a commercial liability policy. Liability claims can be devastating to a small business, so this insurance option can help protect your business from expensive liability lawsuits. Commercial liability coverage ensures that you and your assets are covered in case of an injury or property damage to others that occurs as a result of your operations. 

Commercial Umbrella

Umbrella policies are named for the overarching protection they provide on top of general liability coverage. A commercial umbrella policy can provide additional coverage to your business that may not come with your general liability policy. This will help make sure your business is still covered in a situation where your general liability policy doesn’t fully cover the cost of a lawsuit. 

When it comes to deciding what coverage fits your unique business needs, your agent can help you choose the right policy. Contact an OKFB agent today for more information about how we can help keep your business protected from the unexpected with our Commercial Insurance coverage.