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Congratulations! You’ve established your own business. Now, you need to protect your personal assets, the company accounts, your customers, and your employees with commercial insurance. To figure out just what you need, you should sit down with your insurance agency to discuss your specific requirements. Consolidated Agency of Rochester, NY, is here to explain it all, but it's always good to have a solid understanding of some of the available products before your meeting.

5 Types Of Commercial Insurance To Consider

1. Property Insurance

Ensure your building, machinery, and office equipment will be repaired or replaced if they are damaged by fire, theft, or vandalism. Check out special coverage for floods, earthquakes, and other natural disasters to make sure you are fully covered.

2. Liability Insurance

Accidents do happen, often despite your best efforts to avoid them. Liability insurance will cover any associated medical bills and living expenses if a person is injured on your property or by your products.

3. Auto Insurance

All your business vehicles should be covered under a commercial version of an auto insurance policy. It protects your employees from liability and injury while they are using your fleet for work, and it can also provide higher liability coverage if someone gets into an accident with one of your vehicles.

4. Workers’ Compensation

new-york-commercial-insuranceThis business insurance is required by law and is not covered by the mandatory federal health care requirement. Workers’ comp coverage will financially aid your employees if they’re hurt on the job and will protect you from covering high medical bills.

5. Interruption Of Business

When the town’s digging up Main Street outside your business, this commercial insurance will help you pay your bills while customers cannot reach your door. You never know when something could interrupt your day-to-day operations, so this is an important policy consideration.

To get more information on any or all of these business insurance products, call the insurance experts at Consolidated Agency in Rochester at (585) 467-4110. You can also check out their website for more information and a convenient contact form. 

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