Commercial Auto Insurance
Commercial Auto Insurance Information
If you’re a business owner, you know just how important it is for your company to run smoothly. While you may focus your efforts on preserving your bottom line and operations, there’s one major thing you may be overlooking: securing the appropriate commercial insurance policies.
States Insurance Agency is Hudson’s premier commercial insurance provider. With more than 20 years of experience in the personal and business insurance space, our team of agents is prepared to help you get the coverage you need at a price you can afford.
As an independent agency that represents many different insurers, we’re confident we can help you find the coverage you need. Give us a call today at 727-863-8818 to learn more.
What Is Commercial Insurance?
Simply put, commercial insurance is a blanket term used to describe a wide variety of insurance policies designed to protect businesses. Commercial insurance helps to protect businesses of all sizes from risks that may threaten their operations, finances, assets (including employees) and reputation.
Commercial insurance differs from other lines of insurance, such as personal coverage, because the policies are not designed for individuals but rather multiple stakeholders or employees. In addition, there are typically higher limits of coverage involved in commercial policies, and the premiums are often higher too.
Depending on your business and the risks you’d like to insure against, there are a variety of policies available. In some cases, you can tailor these policies to fit your specific business needs. To find out what your commercial insurance needs may be, give a States Insurance Agency representative a call at 727-863-8818 today.
What Are Common Lines of Commercial Coverage?
While every business’s insurance needs vary based on size, location, number of employees and industry, there are a few standard policies that most companies carry. This list includes the following:
Commercial property insurance—Covers losses to property from common perils. It also covers office equipment, furniture, inventory, machinery, raw materials, computers and anything else that is vital to business operations.
General liability insurance—Covers a company’s legal responsibility for any harm it may cause to others, up to the policy limit. It also covers attorney fees and medical bills for anyone injured by the company.
Business interruption insurance—Reimburses for loss of income if a covered disaster interferes with the successful operation of the business.
While a BOP policy simplifies the need to shop around for the above policies on an individual basis, you may also be able to purchase them as stand-alone policies.
Workers’ compensation insurance—The state of Florida requires employers that conduct work in the state to carry workers’ compensation insurance. This coverage can help employees who are injured or become ill due to a work-related incident receive replacement income, medical benefits and other financial assistance if they cannot work.
Professional liability insurance—This type of policy provides coverage if claims of negligence, misrepresentation or inaccurate advice are made against your business.
Errors and omissions (E&O) insurance—If you offer professional services or advice through your online platform, mistakes on your part could cause harm to a client. This coverage can compensate that party if they sue you.
Commercial crime insurance—This policy can typically be added as stand-alone coverage to cover losses related to fraud or employee dishonesty.
Commercial auto insurance—If your company has any vehicles, you will likely need to secure a commercial auto insurance policy to properly insure any fleet members or employees who are drivers for your organization.
Keep in mind that this list is not exhaustive. Depending on your business and your industry, you may need to purchase additional insurance policies for proper coverage. A States Insurance Agency representative can help you conduct a risk assessment to determine what policies may be appropriate for you.
Are Commercial Policies Expensive?
The cost of commercial policies varies based on numerous factors, including coverage limits desired, business size, industry, location and deductible amounts. A States Insurance Agency representative can work with you to find coverage that fits within your budget.
How Can I Get Started?
If you’re ready to take the next step in protecting your business, give States Insurance Agency a call today. Our agents are prepared to help you find the coverage you need at a price you can afford.
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