Owning a business can be tricky, especially if it goes uninsured. Commercial insurance is a type of insurance that covers businesses and their employees. Because there are so many different industries, various businesses will have their own needs to address. A good business owner will look for an insurance package that covers everything that the business requires.
But what should one look for? Commercial insurance is a broad category that covers areas such as property insurance, commercial auto insurance, crime insurance, and general liability. A business owner will generally choose insurance coverage based on his or her industry. For example, retail store owners buy insurance for the products that are sold, as the retail industry is especially prone to break-ins and robberies. Contractors will buy equipment breakdown insurance as they often deal with expensive equipment. If the business operates in an area that is at risk of fires, storms, or floods, then the owner will have a decent property insurance policy that protects the building, the furniture, the inventory, and the landscaping.
Employee benefits are another type of coverage that you see in commercial insurance. It provides coverage for employees in areas such as dental, vision, and retirement planning. A decent employee benefits package should function to increase employee satisfaction overall. Workers' compensation and general liability are common policies you see alongside employee benefits. General liability will protect a business from lawsuits and injuries, while workers' compensation will provide coverage to employees who have been injured on the job.
Choosing the Right Commercial Insurance Policy
If you are a Georgia business owner looking for a quality commercial insurance package, you are in luck. The Beck Agency is providing commercial insurance at a fair price. Feel free to contact the Beck Agency to ask more about our commercial insurance coverage and what it entails. We will be happy to answer any of your questions.