Different Business Coverage Options
Your insurance needs will depend on the type of business you have. An agent at Kadie Walmer Agency, LLC can help you determine which options for commercial insurance are best for you.
- General Liability: This is broad coverage that can help protect a business from claims that it caused reputation harm, bodily injury, advertising errors, and personal property damage. There can be claims against your business even if you did nothing wrong, so this type of policy is crucial for virtually any type of business.
- Commercial Property Insurance: No matter if you rent or own your business property, you want it protected. If the property is damaged due to lightning, windstorms, or fire, property insurance can help repair the damages. This can also include additional coverage for unique risks your business may face and coverage for the equipment that is inside your company.
- Data Breach Insurance: Cyber liability and data breach insurance help with the costs associated with a data breach. The insurance can pay for things such as public relations, identity protection solutions, liability, and legal fees, depending on the type of coverage you choose.
- Business Income Insurance: This policy can help you replace lost income that results from fire damage, theft, or wind damage to the business. It helps cover your costs until your business is up and running again.
- Home-Based Insurance: Even if you run your business out of your home, you still need insurance since your home insurance won’t cover business losses.
What type of Commercial Insurance is Required in Pennsylvania?
If you have a business in the state, you need to be aware of some of the insurance requirements. Pennsylvania law requires that workers' compensation insurance cover employees. It doesn’t matter if the employee is seasonal, part-time, or full time. This type of policy will cover bills for injuries and work-related illnesses. Commercial auto insurance is also required in the state if you have business-owned vehicles. Personal auto policies can usually exclude business use, so it’s essential to stay protected.
Contact Kadie Walmer Agency, LLC to get a quote on Pennsylvania or Maryland commercial insurance.
