There are many types of commercial insurance, and the types you need depend on many factors. The kind of business you run, what you sell, how large your business is, what it owns, and where it’s located make a big difference in the policies you need to protect the business. To find out what type of commercial insurance your specific business needs, you can contact us at CXE Insurance in Sellersburg, IN.
Worker’s Compensation Insurance
It’s important to protect both your business and your workers by having worker’s compensation insurance, generally known as worker’s comp. This policy will pay for an employee’s costs if they should get an injury at work or an illness related to work. These can include lost wages, medical bills, and legal bills. If you have employees, you need to have this in place to protect your business from these high costs.
Property Liability Insurance
If your business owns a property where other people, such as customers, will be, you need this type of coverage. People can be injured in any number of ways. When it happens on your business’ property, your business is responsible for the many costs involved. This coverage is important for protecting your business from financial hardship. Injuries can happen literally anywhere, even if there’s nothing dangerous in the area.
Commercial Auto Insurance
If your company owns a vehicle, you must have commercial insurance instead of a personal policy. A personal policy is unlikely to pay out if there is an accident involving a work vehicle, while a commercial policy ensures the vehicle is covered.
Get Commercial Insurance
If your company needs commercial insurance, we can help. Contact us at CXE Insurance in Sellersburg, IN.