Moon-Baker Agency

130 E Main St
Ada, OK 74820

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Moon-Baker Agency Blog

Commercial Insurance for Beginners

As a business owner in Ada, OK, you do not have the luxury of ignoring commercial insurance. You need to have sufficient details about this policy specifically designed to protect your business from liabilities arising from unseen situations.

Generally, commercial insurance protects you against third party liability issues arising from clients, customers, suppliers, and injured workers. With the advancement in technology, there has been an emergence of other things to worry about, such as cyber-security and information theft.

Moon – Baker Insurance Agency Inc. indicates that commercial insurance is a very general term in your business, which means that you need to have detailed information regarding different insurance policies under this category.

General Liability Insurance

In most cases, or depending on state laws, general insurance will cover an individual who is injured in your business due to your negligence. This cover will also cover the property damages that you or your business will cause or additional liability issues such as defamation or advertising injuries.

Property Insurance

Property insurance is a fundamental policy in your business, and it is used to cover your properties, especially buildings and machines, against natural disasters and theft. You can expand this cover to cater to losses incurred during business interruptions and loss of use, among others.

Workers’ Compensation Insurance

Worker’s compensation is specifically designed to cover liabilities arising from employees who have been injured on the job. The policy covers medical bills and loss of income during the injured period. It is an essential policy for businesses because it limits employees from suing you.

Buying Commercial Insurance

Now that you have sufficient details about commercial insurance, it is time you contact your commercial insurance agency at Ada, OK for additional information. We at Moon – Baker Insurance Agency Inc. are dedicated to offering professional assistance to business owners in this region. Check out our website for more information.

Should I get commercial insurance for my Ada business?

In the Ada, OK area there are plenty of reasons to start a small business. Those that choose to start a business here will find that the strong local economy and support for small businesses can help anyone be successful. If you do start a business here, you will want to protect it as well as you can. A great way that you can do this is by getting a commercial insurance. There are several reasons to get commercial insurance for your business in the Ada area.

Insurance Gives Valuable Coverage

The main reason that you should get commercial insurance is that it will give you very valuable coverage. A business owner that gets a commercial insurance policy will receive liability protection as well as coverage for your business assets. When you do get a commercial insurance policy in place, it could help to keep your business solvent if any unexpected situations arise.

Coverage is a Requirement

You should also get commercial insurance because it is often a requirement for business owners. If you have taken out a loan, lease a property, or have raised capital to start the company, you will likely have specific commercial insurance requirements that need to be met. By following these commercial insurance requirements, you can be assured that your company will be in compliance. 

Getting commercial insurance for your Ada, OK area business is very important. If you are going to get commercial insurance here, you should reach out to the team at Moon – Baker Insurance Agency Inc. to discuss your insurance needs. The insurance team at Moon – Baker Insurance Agency Inc. can help you understand your insurance needs and options. They can then help you build and choose a policy that will offer the best protection possible.