Understanding Commercial Insurance

Commercial, or business, insurance is a form of security that is available to protect you in the event of a loss. Whether you are a small business or a large corporation, you should have some form of commercial insurance. There are several different subsets of commercial insurance available for your business needs. In general, businesses can opt to have liability and property insurance.

General Liability Insurance

You will need general liability insurance to protect your business from a loss if someone is injured. If an individual has an accident and is hurt while dining at your restaurant or shopping in your store, you may have to pay out-of-pocket medical costs if you’re not covered.

You can always purchase additional coverage for complete safety. It’s a good idea to have worker’s compensation along with your liability insurance. If an employee were injured, the cost of medical treatments and out-of-work expenses would be costly without insurance. Many states require employers to have a worker’s compensation supplemental to general liability. 

Commercial Property Insurance

While general liability insurance protects you if a person is injured while at your place of business, commercial property insurance protects your building and its contents. Depending on your coverage, you may be reimbursed if there is a fire, storm, burglary, or other unforeseen disasters. Check with the Henderson Insurance Agency and speak with one of their independent agents to discuss what items will be protected under your policy.

Serving the Harrisburg, PA area, the Henderson Insurance Agency can offer reasonable quotes on a new policy. If you already have insurance, the independent agents can review your policy to keep it up-to-date with your current situation.