Commercial Insurance

Owning a business is embarking on one of the most exciting yet terrifying endeavors. It is one of the biggest investments we make, and our instinct is to protect it. One way we can do that is to obtain commercial business insurance.

Commercial insurance offers types of coverage that are created to protect your business, including yourself and your employees. It covers the basics, such as liability, crime, commercial auto insurance, and property insurance, along with other insurance coverage you can opt for, including business interruption insurance. It can even cover equipment breakdowns that can affect your business’ productivity and worker’s compensation for your employees.

Obtaining a commercial insurance policy as a business owner is important because it protects you, your investment, and your livelihood in several different types of situations. For example, if a customer is injured in an incident at your business or their property is damaged while visiting your business or having work done by you or one of your employees, your commercial insurance policy will cover the expenses for things such as medical damages, lawsuit settlement costs, and court costs. You will also be covered if a product you produce injures someone or if you are sued for copyright infringement.

The amount of insurance you need for your business is determined by several factors, including the location of your business, the number of people you employ, how long your business has been in operation, your gross annual revenue, if you own, lease, or rent the building your business is located in, and if you own or rent vehicles through your company.

To determine how much commercial insurance you will need to ensure your business is protected, you will want to enlist the help of an insurance agent who understands and has experience with commercial insurance policies. To obtain the best commercial insurance policy for your business that best fits your situation, contact the experienced, trustworthy, and skilled insurance agents at Mid-America Insurance Agency in Illinois.