Business & Commercial Insurance

Business insurance is a critical component of any business plan, regardless of size or industry. A business insurance policy can help provide essential financial protections for various situations. 

How Does Business Insurance Work? 

Business insurance helps provide financial protection from potential losses that could occur through business operations. When a business owner invests in insurance coverage, their insurance provider may help cover the costs of covered losses up to the limit of their policy. Without insurance, the business would have to pay for costly incidents out of pocket. 

What Does Business Insurance Cover? 

Business insurance can include a wide array of coverage options, such as the following: 

• General liability insurance can help protect a business from claims of bodily injury to someone else, property damage to another person’s belongings, and personal injury.

• Commercial property insurance can help protect an owned or rented building and equipment used to run the business.

• Business income insurance can help replace lost income due to a covered incident that prevents a business from continuing normal business operations.

• Professional liability insurance can help cover lawsuits claiming a business made a mistake in the services provided.

• Workers’ compensation insurance can help cover an employee’s medical bills and lost wages if they incur a work-related injury or illness.

• Data breach insurance can help a business respond to a data breach or other covered cyber incident.

• Commercial umbrella insurance can help extend the coverage limits for some of your liability policies.

• Commercial auto insurance can help protect the business and its employees when driving a company-owned vehicle.

Does Business Insurance Cover Theft? 

To fully protect your business from theft and liability, you may want to consider the following coverage options: 

• General liability may cover the theft of a third party’s property. For example, if a third party suffers losses directly related to the theft of your business’s money or property, your general liability insurance policy can help protect you.

• Employee dishonesty coverage insures business owners or their clients against employee theft.

• Business crime insurance can help protect your company from significant losses due to third parties and internal employees; this includes coverage for loss of money and other assets due to theft, fraud, forgery and burglary.

Remember that general liability coverage doesn’t cover every possible liability risk. Talk to your insurance provider to discuss the best liability coverage for your needs. 

Business Insurance Quote in Zephyrhills, FL 

If you are interested in receiving a quote for business insurance, contact Gene Smith Insurance. We can help you find the right policy for your needs.