There are plenty of considerations when it comes to fully insuring your business and knowing what types of insurance there are and what policies may benefit you can make a big difference in your overall success. There are three types of commercial insurance that are very basic and that fit the bill across many states.
The first is property insurance. This is going to protect your property and keep your business operating in the event of destruction of property. Say for instance your business is destroyed in a natural disaster. Property insurance will help replace the necessary elements to get you up and running again quickly.
There is also liability insurance. This is going to protect your business in the event that someone becomes injured in your business or covers damages to third parties. This is going to protect your business from being sued by employees or customers but is still going to give them the money they need to help pay medical bills and recover from the accident.
The last type of commercial insurance is commercial auto policies. Again, these are going to help protect your business in the event that your employee or someone driving a car associated with your business is in an accident. Say you own a delivery business and one of your trucks gets into an accident, this type of policy will help protect the assets of the business while taking care of the other driver and your employee.
If you have any questions about commercial insurance and you live in the Annapolis, MD area, the helpful agents with Ramsey Insurance can help you find the policy, level of coverage, and type of coverage you need to be safe, legal, and fully protected.