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 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.