Finding the right insurance policy to protect your business

Allkane Insurance considers itself an important partner to the greater Stamford, CT area business community. If you are looking for a firm that can help you with all of your commercial insurance needs, we are here to help!

The right commercial policy for your business

Protecting your business is job number one. Building, sustaining, and growing a successful business takes a lot of time, energy, and dedication. And having the right commercial insurance portfolio in place is a large part of protecting it. To find the right commercial policy, you will need to consider a few factors.

First of all, consider the value of your business. Has it been appraised? If not, work with your financial team to determine the right amount of insurance you need to cover the entire value of your business as an ongoing entity. This is the first step. You will also need to consider tangible items like property, equipment, electronic devices, and commercial vehicles. Next come the intangibles. What would happen to the business if something happened to you? Key Personnel insurance coverage can help in that scenario.

There are a lot of different types of commercial insurance available, and these policies come with many features and add-ons. If you’re ready to take the next step in protecting your business, it’s time to sit down with a trusted commercial agent. Commercial insurance is the foundation of protecting your business.

Let’s work together

Stamford, CT area business owners rely on Allkane Insurance. If you are looking for an insurance partner, let’s work together. We are here for you to help with all of your commercial insurance needs. Give us a call today, or come by our office to find out more.

Is Commercial Insurance Required in Connecticut?

If you could predict the future, insurance would serve no purpose. But because you can’t tell what the future beholds, you need to carry insurance to protect you when the unthinkable happens. For businesses, it’s the hope that everything runs smoothly and that you have minimal liabilities to contend with. But in the dynamic and uncertain world that we live in, this utopic thinking remains just but a dream. 

With this in mind, you need to obtain commercial insurance to give your business all-around protection. But with many commercial insurance options at Allkane Insurance located in Stamford, CT, we understand why it may not be evident for you to narrow down to those that meet your needs. Thankfully, we are here to break it down for you.

Commercial insurance in Connecticut

Connecticut State requires all business to carry the below commercial insurance:

  • Commercial auto insurance: This coverage protects employees and assets from damages and accident-related injuries.
  • Workers’ compensation insurance: Whether seasonal or permanent, part-time or full-time employees, businesses are required to carry workers’ compensation insurance to cover medical expenses and lawsuits arising from work-related injuries.

Other commercial insurance options

It’s important to remember that the state’s requirements are just minimums, and therefore they don’t give optimal protection to your business. That said, talk to your agency to walk you through the following additional commercial insurance options for better coverage.

  • Business owner’s policy (BOP): Combines general liability insurance and commercial property insurance to protect your business against liabilities and damages to assets. 
  • Cyber liability insurance: Protects your business from malicious online activities.
  • Commercial umbrella insurance: Provides extra protection to your business when your typical liability coverages run dry.
  • Business loss insurance: Covers for loss of income for days when your business can’t operate because of specified interruptions. 

If you need more commercial insurance information, don’t hesitate to contact Allkane Insurance, located in Stamford, CT. Whether you are looking for business insurance for a startup or a seasoned business, we have commercial insurance solutions tailor-made for your unique needs.


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:  


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.


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.