How Does Commercial Insurance Benefit Small Businesses?

Opening your own business is a huge undertaking, so it’s important to make sure it’s well protected with the proper commercial coverage. With all the expenses of operating your own business, though, you may be wondering what benefits there are to buying commercial insurance.  Our team at Mid Atlantic Insurance Financial wants to make sure small business owners in Laurel, MD get their businesses started on the right foot with commercial insurance individualized for your business.

Types of commercial insurance 

The type of commercial insurance that may be right for you depends on the type of business you’re operating. Types of commercial insurance policies include auto, liability, and property. Small business owners often choose to get a business package policy (called BOP), which includes liability, property, and business interruption insurance. This type of package protects your business from property damage, claims if someone is injured at your business, and expenses if your business must close for a period of time for repairs. 

Benefits of commercial insurance 

Commercial insurance, like all insurance, helps protect businesses from losses. You’re responsible for a lot more than just yourself when you’re a business owner and must consider protecting your customers as well as your employees. The state of Maryland only requires small business owners to provide worker’s compensation insurance, but it’s not enough coverage to protect your entire business in case of property damage, theft, or a car accident with a company vehicle.   That’s why it’s important to make sure your business is properly covered with the right type of commercial insurance.

Mid Atlantic Insurance Financial is here to help small business owners find the right type of commercial insurance policy.  Call or stop by our office in Laurel, MD to learn more about what insurance coverage is right for your business.