If you own a business, you can testify that it didn’t come easy — you invested a lot of time, resources, and effort to bring your dream to fruition. For this reason, Karla Salmon Insurance in Oviedo, FL, cautions you against running your business without commercial insurance.
But what exactly does commercial insurance cover? Here are the areas covered by commercial insurance.
If you run an online-based business or store sensitive customer data, your business is susceptible to online malicious activities like hacking. What would you do if online criminals target your business? Commercial insurance can help you cover negotiation fees, legal suits, data restoration, notification costs, and so on.
Anything can happen to your business workers while they are attending to their duties. For example, they can sustain injuries when handling machinery or lifting heavy objects. If the injuries call for medications, you are responsible for their treatment costs.
Such costs can be huge to bear on your own, and that’s where commercial insurance steps in.
Slippery floors or other hazards can cause clients and customers to sustain injuries while on your premises. Besides, your products can harm your customers. When this is the case, ensuing medical bills and legal costs are paid by your commercial insurance and not money from your business coffers.
Protect your assets
The cost of replacing damaged or stolen business assets such as furniture, buildings, and so on can cause you financial struggles. However, with commercial insurance, your insurer compensates you when a covered peril causes losses or damages to your assets.
Professional liability coverage
If you are in a professional career like accounting, auditing, or legal, you are bound to make mistakes or miss deadlines. When this happens, your clients could sue you for negligence. Fortunately, professional liability insurance pays for legal costs, including attorney fees, when facing a legal suit.
Buy commercial insurance today!
Don’t run a business that’s not insured — one peril is enough to put all your efforts down the drain. Instead, contact Karla Salmon Insurance in Oviedo, FL for a competitive quote.