| Generally speaking, commercial insurance covers | | | | that you or your business might accidentally cause |
| businesses, and the two main types are cover | | | | to happen to third parties. For instance, |
| your property and liability. Property insurance, as | | | | commercial vehicle insurance would cover any |
| the name suggests, provides coverage for any | | | | cars, trucks, or vans that you might use in your |
| business property or inventory that is stolen, | | | | business. Errors and Omissions, or "E & O" |
| destroyed from a loss, or damaged; liability | | | | insurance, covers any accidental mistakes that |
| insurance covers any damages to someone else's | | | | cause injury to others. An auto repair shop may |
| property, including bodily injuries. | | | | have an auto repair policy to cover any mistakes |
| Most businesses that purchase commercial | | | | that may happen in the garage that could cause |
| coverage choose combination of property and | | | | damage to a customer's vehicle. |
| liability to cover anything that may go wrong. | | | | There are several types of unique liability |
| Oftentimes, mistakes made on the job, or simple | | | | coverage. Bars and liquor stores should definitely |
| accidents, can simultaneously affect both the | | | | purchase alcohol liability coverage if it's not already |
| business' property as well as a third party's health. | | | | required by the state. Administrative alcohol liability |
| For that reason, it's important to consult with a | | | | insurance involves breaking liquor laws - failing to |
| broker to find the best deal for you and your | | | | check IDs, selling to a minor, or letting inebriated |
| business. | | | | people keep drinking. Civil liabilities can involve |
| Property Insurance | | | | lawsuits from the inebriated or those possibly |
| Property insurance covers losses and damages to | | | | victimized by the inebriated, and criminal liquor |
| personal property, like fire or flood damage to | | | | liabilities involve the unfortunate situations where |
| your office building. There are many different | | | | someone receives alcohol from your bar and then |
| types of coverage, like a machinery policy to | | | | injures or kills someone. |
| cover equipment breakdowns, a debris removal | | | | Two completely different types of commercial |
| policy to cover the cost of cleaning up after a | | | | liability insurance include landscaping insurance and |
| storm, and ordinance or law insurance to cover | | | | technology insurance. Landscaping and gardening |
| costs related to having to rebuild a building to | | | | companies should protect themselves against any |
| code that may have been only partially destroyed | | | | injury from daily hazards in the landscaping |
| by nature. | | | | business, like tools and equipment, pesticides, and |
| Crime insurance covers things like theft and | | | | more. Technology policies cover any of the |
| robbery, and builder's risk coverage takes care of | | | | potential liabilities that technology and IT |
| any damage that might occur to buildings under | | | | professionals may face in a rapidly changing field. |
| construction. Bars and nightclubs often have a lot | | | | Businesses Need To Be Insured |
| of glass and mirrors in the building, so they might | | | | If you own a business, chances are you need to |
| have a type of glass policy that covers any glass | | | | purchase some form of commercial insurance to |
| breakage on the premises. | | | | protect yourself and your company. Contact a |
| Liability Insurance | | | | professional today to find out about the options |
| This type of commercial insurance covers injuries | | | | available. |