What are the most common types of Business insurance?
The most common types of Business insurance include General Liability insurance, Commercial Property insurance, Business Personal Property insurance, Workers' Compensation, and Commercial Auto insurance. These policies cover different risks businesses face, such as property damage, injuries, and vehicle-related incidents.
What is Business Personal Property insurance?
Business Personal Property insurance protects the physical assets your business owns, like furniture, equipment, and inventory. This coverage ensures that if these items are damaged, lost, or stolen, your business can recover financially and replace essential items.
What types of Commercial insurance are available for small businesses?
Hastings offers a wide range of Commercial insurance for small businesses, including General Liability, Property insurance, Business Interruption, and Professional Liability insurance. Depending on the industry, businesses can also benefit from industry-specific coverage.
How does Commercial Lines insurance differ from Personal insurance?
Commercial Lines insurance is designed to cover the unique risks that businesses face. Unlike Personal insurance, which covers individual needs, Commercial insurance policies are tailored to protect a business’s assets, employees, and operations. It includes policies like General Liability, Commercial Auto insurance, and Property insurance.
Do I need more than one type of Business insurance?
Yes, most businesses need multiple types of Business insurance to cover a range of exposures. For example, a retail business might need General Liability, Property insurance, and Commercial Auto insurance if they own business vehicles. Combining policies ensures your business is protected from various potential issues.
How do I find an Agent near me?