Owning a business in Greeley, CO is exciting and rewarding as individuals get to see the fruits of their investment as the business grows. And to protect this investment, a business owner must make certain decisions in the business’s best interest. One of those decisions is insuring your vehicle. Here at Maanen Insurance Group, we are invested in helping clients understand the different types of commercial insurance. As discussed below, here is what you need to know.
General Liability Insurance
This type of commercial insurance provides cover for your business against damage like bodily injury and property damage. For instance, if a customer gets injured at your workplace or their property gets damaged, this type of insurance will cover things like medical expenses and the cost of repairing the damage caused.
Commercial Property Insurance
Commercial property insurance covers the building and any equipment inside from perils like vandalism, theft, and fire. If your business is exposed to any of these risks, this policy helps cover the cost of repairing or replacing damaged property.
Workers’ Compensation Insurance
You may want to consider workers’ compensation insurance if you have hired employees to assist you in running the business. It helps cover medical expenses if an employee suffers a work-related injury, including things like ongoing care and medication. It can also cover funeral expenses if an employee passes on due to an injury or illness related to work. Should an employee decide to sue you for damages, this policy helps cover the legal fees you will incur.
Commercial Auto Insurance
If you use vehicles while running business operations, you should consider getting this type of commercial insurance. It provides cover for medical expenses if your driver gets injured in an accident and covers repair or replacement costs for the vehicle after an accident.
Every day, business owners in Greeley, CO, continue to be exposed to various risks, and the only way you can minimize the impact of a loss is through insurance. Here at Maanen Insurance Group, we can help you choose the right type of commercial insurance depending on your business needs. Contact us today for assistance.