Business Insurance in Springdale, AR
If an accident involving your business results in property damage or third-party injuries, you could face costly repairs or liability lawsuits. Business insurance, also called commercial insurance, can help pay for these losses. Contact Variety Insurance in Springdale, Arizona, to learn more about our business insurance policies.
What Is Business Insurance?
A commercial business insurance policy can provide financial protection from liability, property damage and other costs arising from your everyday business activities. Certain forms of business insurance may be required in your state. For example, you may need to purchase workers’ compensation insurance if you have employees. Even when business insurance coverage isn’t legally required, you should consider it to protect your business from unexpected losses.
What Are Four Common Types of Business Insurance?
There are numerous types of business insurance policies for you to consider. Certain coverages may be more beneficial than others depending on your industry, business size and location.
The following are examples of four common business coverages for you to consider:
1. General liability insurance may help pay for costs (e.g., legal fees and medical expenses) arising from allegations that your business caused harm to third parties. Types of third-party harm that may be included in your policy include the following:
- Bodily injury
- Personal injury
- Advertising injury
- Property damage
2. Commercial property insurance may help pay for repairs or replacements to critical business property. Examples of covered items include the following:
- Your building
- Your tools and equipment
- Your inventory
- Your business furniture
3. Commercial auto insurance may help cover expenses arising from car accidents with business-owned vehicles.
4. Product liability insurance may help cover your legal expenses if your business is accused of making, distributing or selling products that caused injury or property damage.
Additional types of business insurance may be available with your insurer. Speak with your insurance agent or contact Variety Insurance for more information on our commercial business insurance policies.
What Is In-Home Business Insurance?
Generally, losses associated with home businesses will not be included under your homeowners insurance policy. You should consider in-home business insurance for financial protection if you operate a home-based business. Although individual policies may vary, a home business insurance policy may help pay for costs associated with property damage, lawsuits, employee injuries and data loss issues.
Getting Business Insurance
We’re here to help. Contact Variety Insurance to learn more about business coverage and to get a business insurance quote today.