Proper business insurance is vital to protecting your business assets, and to ensure continued operations should the unexpected occur. There is an endless number of things that could severely interfere with your business and restrict your company’s ability to operate on a day-to-day basis. Weather events, accidents, or lawsuits could seriously impact your revenue, compromise your family’s lifestyle, and hinder your plans for the future growth. Events such as these could also significantly affect the lives of your suppliers, your customers, and your employees, as they all depend on your business operating as normal.
At Integrity Insurance Agency, we have experienced agents who are ready to help you select a commercial insurance policy for that will financially protect your business from accidents and other disasters.
Commercial Insurance Policies
Integrity Insurance Agency will work together with you and your team to help you discover what coverages you want to adequately protect your business property, operations, finances, and workers. Some of the primary business insurance coverages include:
General Liability – Offers protection in the event that you, your employees, your products, or your services cause Bodily Injury or Property Damage to a third party, such as a customer or a vendor.
Professional Liability – Sometimes referred to as Errors & Omissions (E&O), this coverage helps pay for costs related to the defense of, and damages to other for improperly rendering, or failing to provide professional services properly.
Product Liability – If your products fail to perform as designed, resulting in property damage, causing injury, or causing death, this coverage will help cover your related expenses.
Commercial Property – Provides financial protection for your business property and equipment, such as any computers, office equipment, tools and more, as well as the structure in which the property is housed.
Workers Compensation – This type of policy provides wage replacement and medical benefits to workers who are injured on the job. This coverage is mandatory by Kansas state law if you have employees and meet certain requirements.
Commercial Business Auto – Coverage for your business’s vehicles, whether they transport employees, products or equipment. If employees drive their vehicle while performing company business, you should have a non-owned auto liability insurance policy.
Commercial Insurance Cost Factors
As you might have imagined, there are as many types of commercial insurance coverages as there are businesses. The primary factors that affect the cost of a Business Policy includes:
- Your Business Location
- Your Services or Products
- Your Employees
- Your Annual Revenue
Commercial Risk Management
Commercial insurance is only one part of a comprehensive commercial risk management program. A comprehensive insurance program looks at your business holistically and helps you identify potential risks. Common strategies include:
- Removing, or getting rid of the risk altogether
- Minimizing exposure to the risk
- Putting a safety plan in place
- Insuring the risk
- Assuming the risk
Contact Integrity for a Business Insurance Quote
Integrity Insurance Agency would welcome the opportunity to meet with you and your team to talk about your business, and the exposures you may have. We believe that our years of commercial risk management will be a welcome change from the typical insurance discussion that primarily circles around providing a quote that matches your current coverage. We will take a fresh look at your overall business and recommend a program to manage your overall risk considering all of the strategies mentioned earlier. Contact Integrity today to schedule a face-to-face meeting where we can ask a few questions, and answer a few for you as well.
