Business insurance is important for entrepreneurs no matter the size of their business. In addition to breadth, business insurance provided by Clovis must also have enough flexibility. You can have an overwhelming number of options when considering insurance for your business. Before starting a business, the entrepreneur writes a business plan. The policy is to help protect the business owner from unwanted and unseen events such as theft, fire, property damage, and employee injury.
Different Commercial Options
When one buys insurance, everyone expects the best protection at competitive prices. Clovis Commercial Insurance covers all of this:
– Professional responsibility.
â— Worker’s compensation.
-Commercial property.
â— Company insurance.
— Commercial auto liability.
—Commercial umbrella.
— Product liability insurance.
A business may not need all of the insurance listed above. One can consult the characteristics of each one and select the insurance that suits their needs.
professional responsibility
The most important business insurance that Clovis offers is liability insurance. This protects your business when you cause harm to another person or business. This protection also includes defective products and damage to a person in your business premises. You remain protected against property damage and personal injury. A lawsuit against your business can lead to bankruptcy, but liability insurance will protect you from that.
workers compensation
Company employees need protection under state law. This is to provide compensation if they are injured while working for the company. But, there is a stipulation that this is applicable only if you have a specific number of employees.
Commercial property
Your bank will ask you for this type of insurance when you have your mortgage. Also, if you have rented commercial space from your landlord, you may be able to apply for this type of insurance. Commercial property insurance protects the owner from property damage, such as fire damage, weather damage, and theft.
business insurance
This covers various aspects of the business and depends on the size of the business. When you have a warehouse that contains flammable material, you should consider insurance that covers fire damage. A Business Owners Policy (BOP) helps a business with more than 100 employees.
If your business uses vehicles, you might consider including commercial vehicles as well. When many customers visit your business premises, liability insurance is also a must.
Commercial Civil Liability
This Clovis Commercial Insurance covers the business that uses commercial vehicles. The insurance protects you from any type of damage suffered by the vehicle, accidents, fire and theft. You can also have extended coverage to cover delays in the transport of passengers and goods.
commercial umbrella
This is also called excess liability. If you work for a provider, you may need this insurance from yourself. You may have insurance policy coverage for many things, but sometimes this may not be enough. In this case, the Commercial Umbrella insurance will cover it.
It is vital to keep your insurance up to date at all times. If you don’t, you’ll still be at a disadvantage when you find out your policy has expired and you need insurance coverage.