In the business world and in our daily lives, it’s always about asking the right questions. Being a business owner, you may have those concerns if your commercial insurance has the right coverage you need. Follow these next questions to ask to your insurance agent today, about commercial insurance.

Why do you need it? – Sole proprietors and independent contractors need to invest in commercial insurance coverage. As they are open to risk in any interaction that may have to deal with individuals or different companies. No matter how big or small your company is, your personal assets are always going to be at stake-which is why you need to have commercial insurance.

What is covered? – Normally you will have the commercial insurance package that is tailored to the needs of your business. This is designed to protect you if your business is ever found legally liable for any damage to another party. These coverage’s may include the following: Libel, Slander, or misleading statements or advertisements; property damage, physical damage; medical payment coverage, or personal injuries that have happen when working on your business property. These can result in court fines and costs, attorney fees and intellectual property claims.

Who is covered? – This will depend on the type of business you have, you can adjust it as your business does start to grow. Typically policies will only cover you, your corporation as an entity, co-owners and directors.

Specialize Policies or Policy Addendum’s? –   This also will depend on your business type that can include workers compensation insurance, product liability, commercial auto insurance, and cyber liability insurance.

For more information about your commercial insurance and what to ask your agent, contact your local Brazelton Insurance Group.