What is Commercial Property Insurance and How Can it Benefit my Business?

In life there are few things that we have less control over than the weather and natural disasters. You can try to plan ahead but when disaster decides to strike, there isn’t much that the average person can do to protect their assets. This also means when Americans invest so much of their time and hard work into their small businesses, it only makes sense that they would want to protect that investment in every way possible.

Commercial Property Insurance Protects Small Businesses

Luckily for small business owners there is a type of insurance coverage that can help protect you and your assets from the unexpected. Commercial property insurance coverage helps small businesses, including farms and ranches, repair or replace buildings or other parts of their property that may be damaged or destroyed in the event of a fire, storm, or other specific instances covered by their policy.

Common perils covered by commercial property insurance include, fire, lightening storms, winds storms, damage from motor vehicles, and civil commotion. Each policy helps to protect your business and assets in the event that one of these perils strikes.

There are different types of commercial property insurance available in the U.S. and coverage options vary by state. This type of coverage not only protects your building in the event of an accident or natural disaster but it also covers your outdoor signs, fencing, landscaping, equipment, inventory, and furniture.

Invest in Commercial Property Insurance Today

With the help of our independent agents you can enjoy the comfort and security provided by commercial property insurance in just minutes. We make it easy to compare quotes from multiple national providers online with a few clicks of your mouse.

Our team of agents are always available to help you explore additional coverage options and break down your policy, to help ensure you find the best coverage.

You can easily find the basic coverage you need and explore additional coverage options that fit your need and budget. Don’t get caught without the right level of coverage when disaster strikes. Instead, shop and compare quotes with our independent agents to find the best coverage available.

You’ll love having the peace of mind that comes along with complete and affordable commercial property insurance coverage. Don’t delay, visit us online today to start comparing quotes from top national providers and save on your new commercial property insurance policy!

What Are The Benefits of Having Workers Compensation Insurance?

Workers compensation is a type of insurance that provides employees with payment for lost income and medical expenses due to some type of job-related illness or injury. It is a way of protecting company employees by guaranteeing that in the event of a work-related injury or sickness, they will receive compensation. How Employers Benefit From Having Workers Compensation Insurance Employers who pay into their state’s workers compensation insurance program are also provided with some vital coverage. By paying into the fund, employers are absolved of any liability for claims an employee might wish to file. In addition, employers are afforded specific legal protections that grant them immunity from lawsuits based on an employee’s injury. State Mandates States require employers to pay these benefits and employers must have proof that they have the financial resources to cover the cost of any potential claim. The usual way that employers prove this is by purchasing workers compensation insurance. Employers are legally obligated to participate in their state’s program, although there are some exceptions. Those few exceptions vary by state. Self-Employed Workers Compensation Insurance Self employed people don’t have to have workers compensation insurance, but in some places, there may be provisions that allow self employed workers to "opt in" as self employed business people. Having this coverage means that a person who is self-employed will be able to get insurance to cover the costs of treatment for illness or injury. Even if your state doesn’t require that you have workers compensation insurance, having it is a good idea, and it provides you with a guarantee of protection should something happen. Workers Compensation and Small Businesses Sometimes small business owners fail to see the benefit of workers compensation. They think of it as an overhead expense, and unless and employee is injured or gets sick because of the job, they never see the benefit. Types of Workers Compensation Insurance Benefits Workers Compensation provides coverage in four different ways.

  • Death benefits provide payment for some of the wages a family loses because of a job-related death.
  • Workers compensation insurance may provide burial benefits to help with some of the expenses related to the cost of a funeral.
  • Medical benefits are designed to cover the cost of medical care and treatment for a job-related illness or injury.
  • Income benefits are designed to pay employees a portion of wages they lose due to illness or injury.

Workers compensation insurance provides a wealth of essential benefits to both employees and their employers. Employees gain the assurance that they will not be totally without income in the event that they are injured on the job or suffer from some illness related to their job. For employers, they too are protected in this same way. Employers who pay into the state workers compensation insurance fund get legal protection that they wouldn’t otherwise have. That means they don’t ever have to worry about whether or not a lawsuit could eat up all of the company’s profits and wipe it out entirely.