Commercial insurance in Peoria, AZ, is one of the best products available to protect your business. It doesn’t matter how big or small your company is or how long it has been in operation. Commercial insurance can help provide financial assistance in emergencies and sticky situations. But what exactly does commercial insurance cover? Here are the three main areas you can expect to see in commercial insurance coverage.
Stock and Equipment
Your business’s stock and equipment are protected by commercial insurance. If any of it is damaged, you can recover the lost value of these items. You can also protect the equipment used to make your products or whatever else you sell. Should the equipment run into problems, you’re able to cover it with insurance.
Do you have vehicles for your business? General auto insurance does not cover these vehicles. However, commercial insurance does. Smart business owners have commercial insurance to cover their company vehicles.
If your employees are injured at work while performing their jobs, you’ll be happy you have commercial insurance. You’ll need to take advantage of workers’ compensation insurance, and it’s legally required in many states. This insurance covers medical expenses incurred from work-related injuries.