Owning your own business can be exciting and fulfilling. Few things in life will give you quite the same feeling of accomplishment. Owning your own business, however, comes with a certain load of responsibility and care. At Strack Insurance Services serving Arlington, TX, we love helping small business owners protect their investment. Keep reading to learn what you need to know about commercial insurance.
What is Commercial Insurance?
Commercial insurance is a general term used to refer to a collection of insurance policies that help business owners protect their business. As the owner of a business, you are held in a more vulnerable spot when it comes to risk and liability. Commercial insurance can help to protect you from this risk and liability so that your assets are not put in danger.
What Does Commercial Insurance Cover?
A commercial insurance policy can be customized to suit your individual needs. However, most commercial insurance policies cover the following areas:
Property Damage- If there is damage to the physical property that houses your business, commercial insurance will kick in to cover the costs of repairs. This also covers losses sustained during a burglary.
Vehicle Insurance- If your business owns and operates vehicles, commercial insurance will cover those vehicles and vehicle operators the same way regular auto insurance does.
Liability Coverage- Business owners have special liability risks. If someone is injured or their property is damaged because of an employee or because of your services, liability insurance will kick in to cover these costs of any legal costs. Liability coverage also covers you in the event that an employee is injured while working for you.
If you would like to learn more about commercial insurance, you can call our friendly staff today. Strack Insurance Services serving Arlington, TX is ready to help you with your insurance needs and questions.