What Is Commercial Insurance And Property Coverage | Business Insurance 101

Kick Commercial Insurance Coverage confusion in the butt! If you are a proud business owner, it’s time to talk about your commercial insurance needs.

Get all the answers you’re looking for as we talk about what kind of commercial insurance you may need.

So what is commercial insurance?

The majority of commercial insurance policies will protect you against events like destruction of property, crime, liability and auto damage. BUT there are a few other options you may want to consider that may not be included in your commercial property policy such as:

Business Interruption: Business Interruption Insurance is a type of insurance that covers the loss of income that a business suffers after a disaster.

Equipment Breakdown: Equipment Breakdown Coverage is an optional part of a business insurance policy. It may help pay to repair or replace damaged or broken-down equipment after a covered incident.

Workers Compensation: Workers compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment. This coverage is mandatory in most states.

Before you can determine what kind of insurance is right for your business, it’s important to speak with an insurance agent on Here are a few things your insurance agent will want to know from you:

1. Your business location.
2. How many employees you have.
3. The number of years you’ve been in business.
4. Your gross and annual revenue.
5. If you own, lease or rent your building and vehicles.

Questions? Leave a comment to get your questions answered.

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