5/20/2023 0 Comments Quick quotes general liabilityAnytime the use of a product can result in physical or bodily damage, you better have your butt covered!ĭon’t Make This Insurance Mistake! (Below) Product Liability Insurance– If your company is involved in any part of bringing goods to market, including manufacturing, distribution, and sale, you will need to have a product liability insurance policy.Of course, there are small operations that will need additional, specialized coverage. Many small businesses (such as a one-person operation) will have sufficient protection with a business owner policy. By purchasing a combined policy, you will likely save money. BOP – A business owner policy, or BOP, is a plan that combines many popular policy types, such as property and small business liability insurance coverage.Most times, if a personal vehicle is used for company purposes, a commercial vehicle policy is required. This policy covers vehicle operation by your employees during the normal course of business. Commercial Auto Insurance– Commercial auto insurance provides comprehensive, collision and liability protection for vehicles used by your operation.This coverage is required in most states, with a few exceptions. Workers Compensation– If you have employees, then you are required to carry workers compensation insurance, which pays out when an employee is injured while working for you.What Are The Most Common Commercial Liability Insurance Policy Types? It all depends on the type of company you have or want to start. You may need workers comp insurance, auto insurance, product coverage insurance, etc. You must protect yourself from multiple types of issues. Commercial Liability Insurance Typesīig or small, your company is not safe until you are covered. It’s easy, it’s fast, and you can pick which company provides the best coverage for you. Therefore, you can simply go to Hiscox to get your insurance quotes. You’re starting a business, so you don’t have a lot of extra time to spare. Trying to run around getting insurance quotes from different companies is very time-consuming. We know you didn’t wake up this morning and say, “Awesome! Today I’m going to look at insurance quotes!” -there’s no way you are excited to do this! Regardless, it’s something that you need to do. That’s just how people are! Unfortunately, getting yourself business coverage is a requirement. No matter the size of your company, all businesses are at risk of being sued. Get a FREE Business Insurance Quote Do I Really Have to Have Commercial Liability Insurance? My Company Is Really Small. Let’s see if you really need any general liability insurance in the first place! ![]() Bear with us, this stuff is mighty important! We’re going to try to make it interesting… however, we will use words like “commercial liability insurance” or just “ commercial insurance” here and there. Just hearing the WORD ‘insurance’ is enough to make anyone want to take a nap in the middle of an amusement park. ![]() Don’t worry, we’re not trying to ‘impress’ you with big, fancy words in this article. Let’s face it, insurance stuff is painfully boring. ![]() “Commercial General Liability Insurance.” How boring does THIS sound?!!!
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