Owning a business is never easy. You are vulnerable to many things that can damage your ability to remain open. Mitigating as much of that danger is vital to your success. Commercial insurance strives to minimize your vulnerabilities. Having an independent insurance agent who understands your business is essential to getting the right coverage. In Tuscaloosa, AL, Baldo-Downs Insurance LLC will work with you to address all your insurance needs.
Types of commercial insurance
Commercial Liability Insurance
Almost every business is in danger of being on the receiving end of legal action against them. It can come from customers, vendors, or even employees. Surviving a legal action is much easier when you have commercial liability insurance. It can pay for a judgment against you and even for your legal expenses to defend yourself.
Commercial Property Insurance
Commercial property insurance is the business equivalent of home or renters insurance. You don’t need to own the building where your business occupies in order to benefit from it. Property insurance also offers content coverage that covers what you use in your business. Tools, machinery, raw materials, office equipment, or inventory are all included. It is hard to do business without these.
Commercial Auto Insurance
If your business owns any vehicles, they should be covered with commercial insurance. If you do use your personal vehicle for business, you could leave yourself vulnerable. Many personal auto policies do not cover business usage.
Workers Compensation Coverage
In Alabama, workers’ compensation coverage is required by all employers who have five or more employees. This insurance benefits both workers and employees. It provides medical coverage as well as lost time for employees who are injured in the performance of their job.
Contact Baldo-Downs Insurance LLC in Tuscaloosa, AL when you’re ready to discuss your business and commercial insurance needs.