Business owners need to understand the importance of investing in commercial insurance. At Griffin Insurance Agency, we offer a variety of commercial insurance options to meet the needs of business owners in Mooresville, NC.
If you’re looking to purchase a commercial insurance policy, it’s vital that you do your research. The following are three common questions regarding commercial insurance that you should know the answer to when you’re deciding on the right policy.
Is commercial insurance coverage necessary for my business?
Probably the most basic question business owners ask is whether they need commercial insurance. The truth is that basically, any company can benefit from commercial coverage. In almost any industry, lawsuits are a real risk.
Another critical thing to realize is that you should carry commercial auto coverage if you use your vehicle for commercial operations. And having workers compensation coverage is crucial if you have employees working for you.
These factors make it so that the majority of businesses can benefit from or need commercial insurance.
What does a commercial policy provide coverage for?
Commercial insurance can cover many different company assets and liabilities. Commercial insurance consists of many kinds of insurance, including commercial auto, property, liability, workers’ compensation, and malpractice insurance.
How much coverage does my company need?
The amount and type of coverage you need depend on liabilities your company faces and assets your company has. The best way to find out how much coverage your company needs is to discuss your situation with a representative from your insurance company of choice.
Get started figuring out the details of your commercial insurance policy with our help at Griffin Insurance Agency. Contact us if you’re a business owner in Mooresville, NC who is looking for business coverage.