Commercial Insurance is essential for anyone who wants to protect their business from financial loss if a disaster strikes. There are various types of commercial insurance to accommodate the different types of companies around us. Gallagher & White Insurance Advisors explains to Georgia business owners the different types of commercial insurance.
It provides coverage for the business’s property, including the building, inventory, furniture, and equipment, against losses like vandalism, theft, fire, and natural disasters. Any entrepreneur who wants to protect their company’s investment should invest in this type of commercial insurance.
If you use a vehicle to run your business operations, you should get commercial auto insurance. You get coverage in case of theft or physical damage to the company car.
If your company hires employees, you should get this coverage. It provides coverage when an employee gets injured, ill or disabled in the workplace. Also, if an employee passes away at work, workers' compensation can help compensate the family members for the loss.
When a business is just starting, most of the time, the business owner is still assessing the risks they are exposed to. With general liability, which is comprehensive, you can protect your business from various financial losses till you decide on getting specific coverage.
This type of coverage compensates a company for any lost income caused by the interruption of the business due to losses like a fire. When the company is forced to close down during the period, you can still get compensated for lost revenue.
Whether you run a restaurant, a law firm, a construction company, or a retail shop, commercial insurance helps protect your business from a financial loss. If you own a business in Georgia and you need help shopping for commercial insurance, contact Gallagher & White Insurance Advisors. We are ready to help you choose a policy that will protect your investment.
