A Guide To Help Laurel MD Residents Find The Right Commercial Insurance Coverage

 Mid Atlantic Insurance Financial offers different insurance policies to residents of Laurel, MD, and many of the surrounding areas. We strive to offer solutions regardless of our clients’ situation. We understand that every person has different needs and we are determined to help our clients find the right insurance coverage.

Commercial Insurance

Commercial insurance is important for a number of different reasons. Commercial insurance helps protect businesses in the event that a catastrophe occurs. Repairing serious damages to a building may cost hundreds of thousands of dollars. Having to cover the cost of large damages can have a long term impact on the future operations of a business. That’s why commercial insurance is so important. However, there are a number of different commercial insurance policies that people can purchase, which can make the process overwhelming at times. To assist Laurel, MD residents through the process here is a guide of the different commercial insurance coverages.

Liability Insurance

Liability Insurance will cover you in the event that someone gets injured. Purchasing policy will protect you against many of the common injury risks that may occur on your property.

Workers’ Compensation Insurance

Workers’ Compensation insurance covers your business in the event that one of your employees is injured on the job.

Mechanical Breakdown Coverage

Mechanical breakdown coverage protects your property in the event that the equipment starts deteriorating. You’ll receive reimbursement for the cost of repairing the property damage and all of the potential missed income while the property was closed.

Commercial Automobile Insurance

Commercial automobile insurance will cover all of your businesses’ vehicles if they are damaged or stolen.

Mid Atlantic Insurance Financial Will Help You Find The Right Policy

For over a decade, Mid Atlantic Insurance Financial has helped people find the right insurance policy at the right time. Visit our website today to get a quote.

Do You Really Need Commercial Insurance To Protect Personal Liability?

As a business owner, you’re looking to save money wherever you can. You know the importance of protecting your business with insurance, but it can be tough to walk the line between overpaying and not having enough coverage. You may be wondering if commercial insurance is a necessity for your personal liability within your business. At Mid Atlantic Insurance Financial, serving Laurel, MD, insurance professionals are here to explain just why commercial insurance is so important for protecting your personal liability. 

When you have a commercial insurance policy, it protects your personal liability when it comes to being sued. While it can be hard to imagine that anyone could ever sue your business, these things happen often. When your business gets sued, it can cause bankruptcy, or worse. 

Personal liability insurance is there to protect both your personal property and your business assets in the event that someone tries to accuse you of wrongdoing. If you work in a business with a high rate of liability, it’s essential that you have commercial insurance to protect your assets. 

Imagine: you own a company that takes people kayaking. On one of your trips, someone gets hurt. The attempt to sue you for all of their medical bills. In the unlikely event that you’re found liable, your personal liability insurance would go toward paying the bills, rather than having the sum come out of your own pocket. 

Call Mid Atlantic Insurance Financial, Serving Laurel, MD

If you’re in the market for a personal liability commercial insurance policy, reach out to us at Mid Atlantic Insurance Financial, serving Laurel, MD. We’re here to keep you and your assets safe. 

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. 

What Maryland Business Owners Need to Know about Comprehensive Commercial Insurance

Business owners in the greater Laurel, MD area rely on the team at Mid Atlantic Insurance Financial for their insurance needs. There are a lot of factors that go into choosing the right commercial insurance policy, and they appreciate having these professional agents on their team. Choosing a comprehensive commercial insurance policy involves a lot of thought and deliberation because being underinsured can have a catastrophic effect on the health of your business. 

Comprehensive Commercial Insurance

In addition to finding the right policy features, it can also become complicated determining the proper policy coverage levels. When you work with a professional agent who understands comprehensive commercial insurance you are more likely to get the protection your business needs. Coverage for your vehicles, employees who do work using personal vehicles, litigation liability, and business interruption are just a few of the important areas that carry risk. A comprehensive policy can protect you from those scenarios and a lot more. Business interruption coverage is another feature that can really make a difference if your company experiences a covered event that knocks your production offline. This coverage can allow a business to stay open as they recover from a natural disaster, fire, or other covered situation that has a significant effect on their ability to conduct business as usual. Minimizing risk is the foundation of any successful business!

Is it time to review your commercial insurance policy for completeness? Knowing that you have the protection that is right for your business needs can offer a lot of peace of mind! The team at Mid Atlantic Insurance Financial invites the business owners in the greater Laurel, MD area to call or stop by today and find out more about the available policy options!

Does your commercial policy provide enough protection for your fleet of vehicles?

Does your Laurel, MD area business rely on its commercial fleet to make your business work? If you need your vehicles out on the road to keep your company operating, it’s key that your fleet has the protection it needs. The team at Mid Atlantic Insurance Financial is here to review all of your commercial insurance options with you and determine which is appropriate for your needs. The right policy and coverage levels can make a significant difference in your ability to stay in business in the event that something happens to one or more of your company vehicles. 

Protect your commercial fleet

If you need to have your trucks or other vehicles operational in order for your business to function, it’s key that they are adequately covered. In the event that one or more of your vehicles is offline, the right insurance policy will make sure that you are protected. Whether you require coverage for a vehicle rental, or opt for business interruption coverage, there are a number of different coverage options available to you. Many firms insure the total value of their vehicles so that they are protected in the event that the vehicle is stolen or totaled, but they do not consider the impact to their business in the event that their fleet is taken off-road. Your local agent is knowledgeable about your needs and can work closely with you to make sure you’re protected.

If you are building up your Laurel, MD area fleet, or want to make sure that your existing vehicles are covered, we are here to help. Call or stop by the Mid Atlantic Insurance Financial office today and find out more about your commercial policy options that will keep your fleet protected.

Breakdown: How Commercial Insurance Helps When Things Go Awry

Our local Laurel, MD businesses rely on a marriage of hardware and software to run efficiently. No matter how big or small your company is, chances are you’re dependent on machinery, technology, and communications to keep things going smoothly. But what happens when one of these crucial components stops working? This is a time when a solid commercial insurance policy from Mid Atlantic Insurance Financial can become your life saver in a sea of troubles.

Commercial Insurance for Hardware

Even though you may already have minimum coverage to insure your commercial property and vehicles, that may not be enough protection when your most important hardware breaks down. You may be asking "what exactly is hardware?" or "why do I need to insure it?". Simply put, "hardware" is any physical piece of equipment that you use in the daily running of your business. Hardware can include large machinery used for fabrication, smaller equipment or tools, or even physical components of computers and other office equipment such as printers or copy machines. It’s important to consider how much loss you might encounter should any of your vital hardware break or malfunction. Does your current commercial insurance policy cover repairs, replacements, or time lost?

Commercial Insurance for Software

In the digital age, most companies need a robust cyber presence for success. Unfortunately, the programs that run daily business needs can encounter complex threats that can severely hinder your productivity. Insuring your business software means you’ll be protected if your computer network falls victim to malware, viruses, or even data breaches that can interrupt or even stall your work completely. 

Located in Laurel, MD and having trouble determining the correct coverage of your business? Contact Mid Atlantic Insurance Financial today and let us provide you with certainty!

When to Consider Commercial Insurance

Whether you have just opened a business or you are thinking about it, you are likely trying to figure out if now is the time to get commercial insurance. Here at Mid Atlantic insurance Financial, serving Laurel, MD, we know how valuable commercial insurance really is. We want to make sure you are as covered as possible because you never know when something will happen that you cannot control. Use these tips to help determine if now is the time to purchase commercial insurance. 

  • Has your business opened? If you are still in the planning phases, you really do not need to have commercial insurance quite yet. However, if you do have a business in operation and do not yet have commercial insurance, you should at least consider getting a basic policy to get you started. You have put a lot into this business and you need to protect it. 
  • Do you have employees? If you do, then it is definitely time for you to get some commercial insurance. You do not want to run into an issue that impacts an employee without insurance because it is something that could bankrupt you. 
  • Do you have machinery or other physical items? If so, this is another reason to get a commercial insurance policy. If your business relies on those items, you want to make sure they are covered so they can be replaced if anything were to happen to them.

Now that you have a better idea of when to purchase, if that means that you need to get started, be sure to reach out to us here at Mid Atlantic Insurance Financial, serving Laurel, MD, today. We can help you find the perfect customized policy to fit your needs and we will also work with your budget. 

How Business Interruption Coverage Can Protect You in the Event of a Catastrophe

Business owners in today’s competitive marketplace understand the importance of a healthy cash flow. If you are a business owner who counts on a robust cash flow each month to maintain your business it’s important to consider business interruption coverage. Mid Atlantic Insurance Financial provides the knowledge and expertise you need to adequately protect your Laurel, MD area business.

Payments (Full or Partial) of Lost Revenue and Profit

When you have the right business interruption policy, you can be protected in the event of loss or damage to your business that affects its ability to continue operating. If you experience a catastrophe such as a fire, burglary, or another covered event, you may be eligible to receive payments to bridge the gap in revenue while you get your company back up and running. Meeting with a professional insurance agent is the first step in finding the right policy for your needs. Don’t let a catastrophic event ruin everything that you have worked so hard to achieve!

Funding to Keep Your Business Functioning

Even if your business is down due to loss or damage, your bills will continue to arrive and your employees will still need to be paid. Now is the right time to learn more about the options that are available to you through a comprehensive business interruption policy. From payroll, to utilities, and vendor invoices, you can be protected and able to meet these obligations even when your business is not fully operational.

Interested in learning more about how business interruption coverage can help you protect your business from catastrophe? Contact the team at Mid Atlantic Insurance Financial today to set up a consultation. Now is the time to protect your Laurel, MD area business from catastrophe!

Should I Purchase Commercial Insurance For My Barber Shop?

Keeping clients well groomed, managing your stylists, and stocking grooming products can expose a barber shop to a wide range of unique risks. This is also in addition to the typical issues and risks that most small businesses in Laurel, MD deal with such as loss of critical records and property damage.

Therefore purchasing a barbershop commercial insurance coverage from Mid Atlantic Insurance Financial is vital since it will protect you and your business against financial ruin should something terrible happens. Here are some other reasons why you need to consider purchasing commercial insurance for your barber shop.

Accidents Can Happen

What will you do if a customer slips on a stray pile of hair in your barber shop and suffers severe injuries? Are you ready to incur the financial burden that comes with such a situation? You need to keep in mind that an average day at your barber shop involves an inflow and outflow of clients; from the door to the reception area, to the chair, shampoo area, etc.

All these movements are risky especially when cleaning is taking place. This means that it is too easy for a customer to slip and fall. General liability insurance will protect you and your business against any significant financial loss resulting from bodily injury to others, or property damage and this is usually the building block of any commercial insurance.

Your Business Can Be Sued for Negligence

Running a barbershop is a risky venture. You may be dealing with celebrities and other prominent who value their looks so much. A slight mistake in the haircut or shave can be costly to your business. Your barbershop will be at a higher risk if a client alleges that you or your stylists have been professionally negligent.

A client may also file a lawsuit against you if he/she believes that the chemicals you used can lead to permanent injuries. Therefore, you need professional liability coverage to cover such claims that are related to professional services.

Protect Your Business Property and Equipment

A barbershop commercial insurance policy also helps to protect the equipment and supplies that your business owns. Your business property will also be protected against theft and any form of damage. You need this coverage since it will ensure that you are back on your foot even when the worst happens to your barber shop.

Do you run a barber shop business in Laurel, MD? Contact Mid Atlantic Insurance Financial today for your commercial insurance policy that will help protect your investment.

How Does Fleet Insurance Fit Into Your Overall Commercial Insurance Portfolio?

Business owners know the importance of having comprehensive commercial insurance to protect their assets and all of their hard work. However, fleet insurance is one aspect of coverage that can often be overlooked. If you are a business owner in the greater Laurel, MD area, Mid Atlantic Insurance Financial is here to help you complete your commercial insurance portfolio. If your sales force or delivery personnel are utilizing firm vehicles for their work, you may want to look into fleet insurance as a way to put adequate coverage in force. Fleet insurance is often overlooked when a company is constructing their commercial portfolio, even though it is an effective way to protect your interests.

Does Your Company Require Fleet Insurance?

Insuring every company car individually is one way to protect your firm’s assets, but is it the most effective? If you have multiple vehicles that are owned by your company for business use, it makes sense to find out more about fleet insurance. These policies can help to protect business owners from theft, damage, and liability. Fleet insurance is also a great way to streamline your policies and keep your portfolio comprehensive and also easy to manage. We recommend that commercial business owners meet with a full-service agent at least once a year to review their coverage. 

Want to Learn More about How Fleet Insurance Fits Into Your Overall Commercial Insurance Portfolio?

The dedicated team of professional agents of Mid Atlantic Insurance Financial is here to answer all of your questions and address any concerns that you may have relating protection for your commercial fleet. If you are a business owner in the greater Laurel, MD area, call or stop by today to learn more about completing your commercial insurance portfolio.