Commercial insurance covers your business assets, such as equipment, fixtures, and inventory, and provides protection against general liability. From worker's compensation to business interruption, you can find policies for almost any circumstances. It's worthwhile to speak with the experts at Uriarte Insurance to discuss the options needed by your Kansas and Missouri business. Here is some valuable information on the types of commercial insurance to get you started.
Property Insurance pays for damage or replacement of real and personal property. One example of this is fire damage to your retail store. There are many add-ons to property insurance, and your agent can help you choose the ones that work best for you. For example, business interruption insurance reimburses lost income and regular business expenses as you recover from a covered loss. This includes taxes, rent, salaries and net profits for the covered period.
Liability insurance covers injuries caused to third parties by you or an employee. If your business is sued, for property damage or personal injury, this policy covers you for the legal costs of defense and any resulting judgments against you. Varieties of liability insurance include workers' compensation and errors and omissions insurance. We also offer Commercial General Liability Insurance.
Workers' compensation insurance pays for medical expenses and lost wages if an employee is hurt or becomes ill due to a work-related condition. This includes an employee who falls at work or cuts their finger opening a box in the stockroom.
Commercial auto insurance protects your work vehicle or fleet. If you run a transportation-related business, you should get this coverage to help you recover if your employee is injured or your business vehicle is damaged in a collision. It works much like personal auto insurance, except that the limits match the risk associated with carrying multiple vehicles on a single policy. It also covers damage to other vehicles and injuries due to an accident caused by you or an employee.
Inland marine is a floater policy, which simply means the coverage goes where the insured property goes, for example Tools and equipment. Commercial property insurance only covers business property at the location listed on the policy. Inland marine insurance protects against damage and theft outside your place of business.
Business Owner’s Policy (BOP) combines business property and business liability insurance into one business insurance policy. These includes claims of bodily injury or property damage. They also include claims related to personal and advertising injury.
Be sure to stop by Uriarte Insurance or give us a call for a free quote on commercial insurance for your Kansas and Missouri business.
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