Global Courant
If you have recently started a new business, it’s time to start looking for a commercial insurance quote. New business owners are often optimistic and thus fail to consider the risks associated with running a business that could potentially lead to litigation. What if someone is injured on your property? What if someone tries to accuse you of defamation, copyright infringement, or something similar? What if an employee accidentally damages a customer’s property? These are just a few examples of why you need good business insurance.
These policies come in many forms and offer different types of coverage. You may want to buy one that is tailored for your industry. Of course, if you’re just running a small business from home, you won’t get the same commercial insurance quote as someone who runs a construction company.
General professional liability insurance covers a business in the event that a customer is injured on property associated with a business. It can also pay for the owner’s legal defense if he/she faces a lawsuit because a product or service causes damage. Almost every company needs such insurance.
If vehicles are involved in your business in any way, you should add commercial auto insurance to your policy. What if one of your employees is injured or injures someone else in an accident? What about damage to the vehicle itself?
What else should you look for in a commercial insurance quote
Another thing to look for in a commercial insurance quote, depending on your type of business, is professional liability insurance. This includes factors such as claims of errors and omissions that may occur in the course of conducting business. It’s no secret that people will sue for almost anything these days. You never know when you’ll need to hire a lawyer to defend you against the stupidest things.
Here is a brief overview of some of the factors that go into getting the right commercial insurance quote:
• Type of company and industry in which you are active
• Whether you provide a service or product, and what kind
• Location of the business, including the physical address and whether or not it is run from your home
• Whether you own or rent the business premises
• Number of employees
• Whether your business is a sole proprietorship, partnership, general partnership, etc.
• If your company uses written contracts
• Estimated labor costs for the following year
• Estimated gross sales for the coming year
There are also other important considerations. The best place to learn about your options and get a custom fit commercial insurance quote is Hiscox Business Insurance. It is a legit company that offers a wide range of options for all types of businesses.
Overview of commercial insurance quotes: An
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