You deal with insurance on a consistent basis in your personal life, and you don't stop dealing with many types of insurance simply because you're running a business. In fact, in the business world you're going to be dealing with more types of insurance than in your day to day home life.
One of the reasons for that is many businesses have different areas at financial risk. For example, if your business owns commercial vehicles, fleet insurance or commercial vehicle insurance is a necessity. If you have a large manufacturing plant that's dependent on your equipment properly working, and one of the essential pieces breaks, loss of use insurance helps keep your company afloat until you get a replacement in.
Liability commercial insurance protects your business against lawsuits that involve your business liability in a situation, such as if a customer hurts themselves on your property. A similar insurance option to this, which is mandatory if you have employees, is workers compensation. This provides a payout to employees who are hurt in the course of their work.
Data breach insurance is an up and coming insurance type that handles data security issues. If you experience a hacker problem and lose sensitive customer information, it's essential to have this insurance in place so your business is not brought under by the resulting lawsuits. Cyber-attacks are becoming more and more commonplace, so this type of insurance is becoming essential for many companies.
Talk to us to understand what your options are with commercial insurance in the Sandpoint, Idaho area. Whether you're a home based business or a massive international corporation, we have something to help you with all of your needs.
