If you are a business owner, you know that running a small business is no walk in the park! There are a million things to worry about, and insurance should not be one of them. But with so many different types of policies out there, it can be tough to know where to start.
If you are a small business in need of coverage, you may be wondering if a small business insurance policy or a typical commercial insurance policy is right for you. Keep reading to find out!
Small Business Insurance
Small business insurance is like a tailored suit for your business. It is designed to fit your specific needs, offering protection against a range of risks. Think of it as a safety net, catching you when unexpected challenges arise. The key types of coverage that are included in small business insurance include:
- Property Insurance – Safeguarding your physical assets, from your cozy office space, to your shiny new equipment.
- General Liability Insurance – A shield against lawsuits if someone gets hurt on your property, or your business causes damage to someone else’s property.
- Business Interruption Insurance – A lifeline if a covered event forces you to temporarily close your doors. It helps cover lost income and ongoing expenses.
- Workers’ Compensation Insurance – A legal requirement in many states, protecting your employees in case of workplace accidents.
Commercial Insurance
Commercial insurance is a broader term that encompasses a wider range of insurance policies. It is often used for larger businesses with more complex needs. While small businesses can benefit from some commercial insurance options, it is important to focus on the core coverages that will protect your business.
At Beck Insurance Agency, we are passionate about serving small businesses insurance to Otsego, Delta, OH, Sylvania, OH, Waterville, OH, Bowling Green, OH, Montpelier, OH, and the surrounding areas. We have been navigating the complex world of insurance for years and know how to find the right policies to fit your budget and needs! Contact us today to learn more about how to protect your company with small business insurance coverage.
