What Does Commercial Insurance Cover?

When you own a small business, there are many different factors that you will need to take into consideration. For businesses in the Plano, TX area, one factor that needs to be taken seriously as its insurance needs. For those that are looking for more Insurance, getting commercial insurance could be a great option as it provides a range of different coverages.

Liability

The first type of coverage that a commercial insurance policy will provide is liability insurance coverage. If your business produces and sells a product or service, you are taking on a certain level of liability every time it is used by a consumer. Because of this, it would be a good idea to purchase a liability policy under your commercial insurance to provide you with protection in the event you are sued and found Bible.

Workers Compensation

If you have employees that work for you, you will also probably be required to have a worker’s compensation policy. A workers compensation policy will provide you with protection in the event your employee is injured while they are at work. This is particularly important if your place of business provides a certain level of danger for those that work there.  

Property Insurance

If you own real estate in which your business is operated out of, your commercial insurance package should also provide you with property insurance coverage. This will provide you with coverage in the event your property is damaged or destroyed. It can also cover all of the equipment that sits underneath the roof of your property.

When looking for a new commercial insurance policy, Plano, TX businesses should contact the Paragon Independent Insurance Agency. The Paragon Independent Insurance Agency is skilled at helping businesses of all types and sizes to find a commercial insurance policy that is best for them.