Like most insurance, commercial insurance is designed to meet and suit a business’s specific needs and preferences. For most business owners, there are many moving parts when running their business. As a result, insurance can be a beneficial piece of the puzzle. More often than not, unexpected events and situations can wreak havoc on a business, especially if insurance isn’t a piece of the puzzle. The team at Riverside Insurance Agency Inc. understands the positive impact that commercial insurance has and is committed to helping Byram MS business owners get the coverage they need.
What is Commercial Insurance?
Commercial insurance is insurance designed for businesses. Specifically, commercial or business insurance protects businesses from loss and provides liability protection as well. Losses can include accidents, theft, fraud, natural disasters, and more. Business insurance can also protect employees. It is designed to provide businesses with financial, liability, and medical coverage. Your insurance policy is designed to meet the unique needs of your business. For example, if you drive cars for your business, your commercial insurance policy should include business auto insurance, not personal. If you use your car for business, you will need to invest in a commercial auto insurance policy in addition to your personal auto insurance.
Will my commercial insurance cover the burst pipes in my place of business?
Yes. Typically, commercial insurance provides coverage for repairing or replacing any damage your place of business, tools, machines, and vehicles may incur. However, if the damage results from negligence, the repair of the damage may not be covered. If you have questions about commercial insurance, call us. We’d be happy to answer all of your questions and help you explore your options.
