No matter what the size or industry, businesses will always face numerous risks that could impair their ability to stay operational and make a profit. But since these risks can range from natural disasters to criminal activity, it can be overwhelming to create a business insurance plan that keeps your company covered with confidence. To help you figure out what types of coverage your company needs, below are a few of the most common insurance claims that commercial policyholders make.

5 Business Insurance Claims That Companies Commonly Make

1. Theft

While hiring security guards and installing surveillance equipment can help deter burglary, these crimes are something that every business should stay aware of, especially those in retail. Ongoing shoplifting or major break-ins will often result in a significant loss of inventory. Without commercial property insurance, a business would have to pay out-of-pocket to replace this missing inventory.  

2. Property Damage

From severe storms to fires, many perils can harm the physical structure of a workplace. If the property damage is severe, an office or store won’t be able to stay open to conduct normal business activity. Commercial property insurance defends against these common claims by providing funds for the repair or replacement of damaged structures.  

3. Customer Injury

Slip-and-fall accidents and falling merchandise are just some of the many ways that customers suffer harm in places of business. In these situations, the company can be held liable for the injured party’s damages, including related medical costs, lost wages due to a disability, and emotional suffering. General liability coverage in a business insurance policy can cover these damages, as well as pay for legal representation to address any resulting lawsuits.  

4. Employee Injury

Just like customers, employees can be injured while at the workplace, and there are many reasons why the business may be held liable for the resulting damages. When injured employees seek compensation for these incidents, businesses will file insurance claims that utilize their workers’ compensation insurance coverage benefits.

5. Vehicle Accident

When service vans, 18-wheelers, company cars, or delivery vehicles get into auto accidents, the business that owns them can be held responsible for any resulting damages. Fortunately, those with comprehensive commercial auto insurance can file claims to not only cover liabilities but also replace damaged company vehicles.

If you want to have peace of mind that you could file a claim whenever your business endures certain perils, talk to the agents at Advantage Insurers. Providing personal and commercial coverage options in Demorest, GA, this insurance agency will help you develop a policy that fits your company’s specific risks. Supported by several nationally-recognized carriers, this team will also compare several business insurance options to help you find the best rate for your budget. Visit this provider online to learn more about these coverage options or call (706) 754-1590 to request a quote from a friendly insurance agent.