There are many risks to running a business. Commercial insurance can help you protect your business against financial loss by offsetting the costs of unforeseen catastrophes that may arise. The right commercial policy from Dune Lakes Insurance in Inlet Beach, FL could save you time and money in protecting your business assets. Here are a few ways commercial insurance can work on your behalf.

Property Coverage

Most businesses have a physical location from which the company operates, such as a storefront, office, warehouse, etc. Property insurance coverage protects your building against damage caused by fire, hail, wind, etc. It also protects your business equipment and supplies, so you don’t have to recoup these losses out of pocket. As hurricanes are native to the Florida area, you may also want to obtain additional flood insurance to protect your business from flood damage.

General Liability

If you interact with customers or clients regularly on your business property, you’d do well to obtain general liability coverage. This coverage pays for injuries or property damage of others while they’re on your premises. If a customer injures his arm due to tripping over loose carpeting in your office, your liability insurance will pay for his medical bills. If you accidentally spill coffee on a client’s laptop, this insurance will cover its replacement cost.    

Workers’ Compensation

If you have employees, you’ll need workers’ comp coverage to protect them against accidents on the job. Workers’ comp helps cover medical expenses of employees who suffer accidents at work; if a worker needs time to recover from an accident, workers’ comp covers lost wages during his recovery time. By protecting your employees with workers’ comp, you protect your business against the risk of lawsuits due to accidents on the job.

To learn more about the benefits of commercial insurance coverage, contact us at Dune Lakes Insurance in Inlet Beach, FL.