When looking for the right insurance policy for your business, many people often wonder what the difference between commercial insurance and business insurance is. However, what they don’t understand, is that they are one in the same.
So no matter if you are a small-business owner, a CEO with facilities nationwide, or an entrepreneur hoping to get a business off the ground, both commercial and business insurance policies are right for you.
Commercial Insurance vs. Business Insurance
Commercial insurance and business insurance make up the category of insurance that provides coverage for business owners and their businesses, no matter if they are large or small.
Because these two terms can be used interchangeably, and because they’re widely considered to mean separate things, many business owners are under the false impression that they need one or the other, or possibly even both.
Some believe that business insurance applies to small businesses only. Many others also believe that liability or workers’ compensation policies only fall under one or the other of these types of insurance policies.
Unfortunately, often times due to these misconceptions, many business owners who are considering possible insurance options for their companies are missing out on important coverage, inadvertently overlooking possible providers and policies.
No matter if your business is big, small, new, or established, you are eligible for the full array of options available in commercial and business insurance, making it imperative that you consult with your insurance agent when choosing the right insurance policy for you and your business.
For more information or help ensuring your business has the right coverage for your needs, contact Brazelton Insurance Group today!