What Small Business Owners Need To Know About Commercial Insurance

Owning your own business is an exhilarating experience. Few things bring the same sense of freedom and pride. You invest a lot of time and money into your business, and you want to see those investments protected. At Johnsen Insurance, serving Baraboo, NC, we love helping small business owners understand how they can best protect their investment of time and money. Keep reading to learn how commercial insurance can help protect you. 

What Is Commercial Insurance?

Commercial insurance is a general term used to refer to the different types of insurance policies business owners can use to protect their business. A business owner is at a special kind of risk by operating their business. These risks can include damage to property, equipment, loss of revenue, as well as liability for both employees and customers. Having a reliable commercial insurance package in place will help shield you as the business owner from these risks. 

What Does Commercial Insurance Cover?

Commercial insurance can be customized to provide protection to your particular business, but in general, commercial insurance covers the following areas:

  • Property Damage Coverage – If your business operates a brick and mortar location, property damage insurance is put in place to protect you if the damage that is sustained to that property or a burglary takes place at that property. 
  • Auto Coverage – If your company operates vehicles to conduct business, auto coverage will act the same as personal auto insurance to safeguard both the vehicles being used as well as the drivers operating those vehicles. 
  • Liability Coverage – Liability coverage is essential for small business owners. If an employee or a customer is injured in some way at work, on your property, or because of your products/services, liability coverage will kick in. This coverage will cover any expenses that you are held liable for as a result of the injury. 

If you would like to learn more about commercial insurance, please contact our friendly staff at Johnsen Insurance, serving Baraboo, NC today.