Boardwalk Insurance Group | Auto, Home, Commercial, Life and Health Insurance for Residents and Companies in the United States

Archive for December 2017

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A liability claim can threaten even the most successful small business. If you run a business, the sight of active customer traffic can be a pleasant one, but if a customer falls down and sustains a serious injury, it could cost your business a significant amount of money. Therefore, it is essential that all business owners have commercial liability insurance.

What Does Commercial Liability Insurance Cover?

There are different types of liability insurance. Commercial general liability insurance covers bodily injury and damage to property that occurs while on the premises. The damage or injury can be caused by business operations or items on the premises, including products. Although general commercial liability insurance can cover many of the accidents and events that can lead to an expensive lawsuit, business owners may want to get coverage for specific items that are not covered in the general plan.

Pay Attention to Details

It is important to be aware of the details in a commercial liability insurance plan. For instance, a regular plan may cover injury or damage caused by the company’s products on the premises, but this may not cover products that have been recalled. In many cases, coverage only applies to events that occur during regular business hours and not on weekends or times when the building is closed. The coverage may also not extend to liability issues resulting from products used at home and may be confined to problems caused by products on the company’s premises.

Do You Need Additional Commercial Liability Coverage?

A general commercial liability insurance plan will cover most events that can occur on the business premises during working hours, but many business owners feel they need additional coverage. Large companies with many employees may opt for liability insurance that will cover them if there are claims of unfair dismissal or workplace harassment. Businesses with complex financial operations may need insurance to provide coverage for errors in financial reporting. In addition, defective products are a worry of many business owners, and special coverage is required if the company produces items on a massive scale.

Choosing the Right Insurance

Every business owner needs liability insurance. The question is how much. A general plan will cover your company and its premises during regular working hours, but you may need extra coverage for your merchandise, events that can happen in the warehouse and other variables. Talk to an expert at Boardwalk insurance about business liability insurance plans. Browse our website and feel free to contact our representatives to answer your questions.

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When you own a business, it’s important to understand the many accidents and incidents that can happen in which your business may be held responsible. People can slip and fall or become ill. Fires can happen, as can theft or car accidents. This is the reason that commercial insurance for liability claims is so important.

First off, let’s look at what business insurance consists of. This term speaks of all types of coverage available which protects a business owner from a loss. Business insurance can cover your business vehicles, legal claims, and even provide health insurance for the workers you employ.

Business insurance is important for any business owner, even those who might believe they don’t have enough assets to be sued or you’re somehow shielded from personal liability. However, the reality is that any business can be sued and it can cause some serious problems. It can even leave you personally liable for debts.

There are a few different types of business insurance that should be considered. The first is property and casualty insurance. Property insurance will cover the location of the business and its contents from things like theft, fire, floods, and hurricanes. However, you should read the fine print to see exactly what is covered by your insurer. Casualty insurance covers the operation of business, but is usually grouped with property insurance.

Commercial auto insurance from an agent is the second type of business coverage. This covers damage or loss pertaining to business vehicles. These vehicles are not covered under your personal auto insurance, even if they are used for both business and personal purposes.

Next is liability insurance. This is coverage that comes into play if someone sues you for negligence, which can happen when, as an example, someone slips and falls in your business or on the property it sits on. There is also product liability insurance, which covers damages caused by a product your company designed, made, or supplies.

Other types of insurance for commercial purposes include business interruption insurance, health insurance, disability and life insurance, and workers’ compensation insurance. Many times, you can get a policy that covers a number of these things at once to make it simpler.

If you need commercial business insurance, consider Boardwalk Insurance Group for your policies. They offer many insurance options in half of the states in the United States. You can find out more on their website or contact them at 713-987-3480.

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