What Kind of Coverage Does Your Small Business Need?

It takes a lot of work to run a small business. In addition to keeping your customers happy, maintaining adequate inventory, and caring for your employees, you need to protect your business against unexpected events that can cut into your profits. Commercial insurance from Allkane Insurance can provide the protection your Stamford, CT business needs to help it grow and prosper.

Here’s what you can expect from a commercial policy:

Types of Commercial Coverage

Commercial policies offer numerous coverage options for you to choose from in protecting your enterprise from financial loss. These include:  

Property

If your business is based out of a shop, warehouse, or office, property insurance is a must to protect your building against theft, fire, and other disasters. Property coverage also covers the contents of your building to include furniture, business equipment, and inventory. If a severe storm damages the roof of your business and your inventory gets waterlogged, property coverage will compensate you for your loss.

Liability

If a customer has an accident in your place of business, liability coverage safeguards your business assets by covering their medical costs. If an injury leads to a lawsuit, this same coverage will pay your legal fees and settlement, if you lose, up to the limits of your policy.

Business Interruption

Business interruption protects you against temporary shutdowns of your business due to disaster damage. It compensates you for lost revenue, payroll, leasing of your business building, and other operating expenses until you can reopen. In the event of a major disaster, this coverage could be instrumental in preventing bankruptcy. 

Workers Comp

Workers comp insurance is required of Connecticut businesses with one or more employees. This coverage compensates a worker for medical bills and lost wages if he’s hurt on the job. 

To learn more about commercial insurance protection, call or visit Allkane Insurance in Stamford, CT.