Making good insurance choices is an important part of protecting your business. At Mid Atlantic Insurance Financial serving Laurel, MD and the surrounding areas, we aim to help our clients and future clients make solid insurance choices by providing them with the information they need. Keep reading to learn what business owners need to know about commercial insurance.
What Is Commercial Insurance?
Commercial insurance is a type of insurance product that combines several different types of coverage to meet the unique needs of businesses. A commercial policy can greatly simplify insurance choices for these busy individuals.
What Does Commercial Insurance Cover?
A commercial insurance policy can be customized to suit the needs of the individual business owner, but in general, a policy will provide the following coverage:
- Property damage- If your place of business sustains damage due to a fire, natural disaster, or burglary, this coverage will kick in to reimburse you for repairs or replacement of property. This type of coverage can also be used to protect equipment, electronics, and furniture used for business.
- Auto Insurance- If you use vehicles as part of your business operations, it is necessary to have auto insurance to protect both the vehicles and the drivers.
- Liability- Business owners face special risks when they provide products or services to customers. If someone is injured at your place of business or because of your products or services, liability insurance will cover medical expenses or legal expenses which could result.
If you would like to learn more about our insurance products, please contact us at Mid Atlantic Insurance Financial today. We are currently serving Laurel, MD and the surrounding areas. We will be happy to answer your insurance questions.