The agents at the Gill Insurance Agency in Plainfield, IN want Indiana business owners to know and understand the importance of commercial insurance. Commercial insurance is designed to help a business owner pay for the replacement cost or repairs of any damaged property or merchandise. All business owners take a certain amount of risk when they open a business, but small business owners tend to take an even larger risk since about 40 percent of businesses never get the chance to reopen after a disaster occurs. This is the reason that commercial insurance is so very important.
What Does Commercial Insurance Cover?
Commercial Auto Liability
In the state of Indiana, all business owners must have commercial auto liability insurance under the law. This means that any vehicle that is owned by the business and preferably any vehicles that are driven for business purposes, be covered under at least a liability insurance policy to cover any property damage or injuries that could be caused during an accident.
Worker’s Compensation Insurance
Workers’ compensation insurance is important for business owners to have in place if they have several employees working for them. This type of insurance will cover an employee’s wages while they are off work due to an injury sustained at work. This will also help offset any medical bills that are incurred due to an injury that happens on the job.
Commercial Liability Insurance Coverage
Commercial liability insurance coverage is extremely important to assist business owners in paying for medical bills that are incurred if a customer becomes injured at their business or due to something that is related to their business. This part of a commercial liability insurance policy can also protect business owners from copyright infringement, libel, and even slander.
Commercial Property Insurance
Whether a business owner owns the building in which their business is located or rents it, it is imperative to have commercial property insurance in place to cover the business itself. This can include merchandise, computer equipment, cash registers, and any other things that must be in place for your business to function. These items can be replaced or repaired if your business is damaged due to a fire, an act of vandalism, or even some sort of natural disaster. This part of a business insurance policy will help recover items that are stolen due to a burglary or theft incident.
Get Commercial Insurance Today
To create a commercial insurance policy that is best for you and your business, contact the experienced and trusted agents from the Gill Insurance Agency in Plainfield, IN today!