Whether you are starting a business or are a seasoned entrepreneur, you are probably familiar with the term “Commercial Insurance.” But what does it mean, exactly? In today’s blog, we tell you everything you need to know about commercial insurance, from a basic definition to the different types of coverage available.
What Is Commercial Insurance?
Commercial insurance is coverage intended for businesses rather than individuals. It protects companies and their assets in case of lawsuits, natural disasters, theft, auto accidents, and other unexpected events. It is designed to help small businesses manage the risks that come with running a business.
There are different types of commercial insurance coverage available, and each one serves a unique purpose. Here are some common types of commercial insurance:
- General Liability Insurance: This type of insurance covers bodily injury claims, property damage, and advertising injury. It protects your business from lawsuits that may arise from these events.
- Business Property Insurance: This type of insurance covers physical damage to the property of your business due to natural disasters, theft, and vandalism. It includes buildings, equipment, inventory, and furniture.
- Commercial Auto Insurance: This type of insurance covers liability and property damage protection for cars, trucks, and vans that businesses use. If a company vehicle is involved in an accident, this insurance can help cover the damages.
- Cyber Liability Insurance: This type of insurance covers the damages and losses caused by data breaches, cyber attacks, and other technology-related risks. It is critical in this digital age, where cyber threats are becoming more prevalent.
Wrapping It Up
Investing in commercial insurance safeguards your business and minimizes the financial impact of potential risks. With proper coverage, you can focus on growing your business without worrying about unexpected events.
So, if you’re a business owner, think about getting commercial insurance to secure your business. Reach out today to our insurance experts at Degado’s Insurance. We stand ready to help you explore the different policies at your disposal.
Delgado’s Insurance: Dependable Commercial Insurance in California
If you need dependable and affordable insurance for your business in the Golden State, look no further than Delgado’s Insurance.
We have locations in Riverside, California, and Bloomington, California. Get in touch today by telephone (951-361-0084, 909-421-9003), email (mail@delgadosinsurance.com), or through our social media accounts (Facebook, Twitter)!
