Category: Commercial Insurance

If you own a business in Tuscaloosa, AL, you may wonder if you must have commercial insurance. The answer isn’t always straightforward, as it depends on various factors. Baldo-Downs Insurance LLC is here to assist with everything you need to know about business insurance in Alabama.

Certain types of businesses are required by law to have commercial insurance in Alabama

These include any business that:

• Has employees, including full-time, part-time, or seasonal workers
• Operates vehicles for business purposes, such as delivery trucks or company cars
• Provides professional services, such as accounting or financial advice
• Manufactures products

You must have commercial insurance if your business falls into one of these categories. Examples of common types of coverage businesses must carry include workers’ compensation, liability, and property damage. 

An important note:

Even if your business does not require commercial insurance by law, it’s still a good idea to consider carrying it. This is because commercial insurance can protect your business from various risks, such as lawsuits, natural disasters, and theft. 

On the other hand, some types of businesses are not required to have commercial insurance in Alabama. These include sole proprietorships and partnerships without any employees. However, even if your business does not require commercial insurance, you may still want to consider carrying it. This is because commercial insurance can provide valuable protection for your business in case of a lawsuit or natural disaster. 

Get The Right Coverage Today

When it comes to commercial insurance for businesses in Tuscaloosa, AL, there is no one-size-fits-all answer. It depends on the type of business you have as well as your specific needs. Contact Baldo-Downs Insurance LLC if you have any questions – we are here to help.

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.