Why Should I Buy Commercial Insurance?

Getting personal insurance for ourselves usually has little argument. Most people can see the benefits of having health, housing, and automotive insurance; these personal types of insurance are designed to protect us and our pocketbooks. Almost all of us can remember a time when personal insurance has saved us from paying a pretty penny, whether it was in hospital bills or to fix a bumper damaged in a fender bender. Commercial insurance is designed to protect you, your business, and your livelihood.

Commercial Insurance for Your Company

Commercial insurance can cover a wide variety of policies that benefit you and your business. Some policies protect your valuable assets such as property, equipment, and vehicles, while other policies are tailored to cover people with health and retirement plans. The point of commercial insurance is to ensure that any financial impact on you and your business is limited.

What Type of Companies Need Commercial Insurance?

The short answer is, all of them. Both public and private companies as well as non-profit and government municipalities all benefit from commercial insurance. While public companies may be exposed to more lawsuits from employees, vendors, and shareholders, it doesn’t mean that a private or small company isn’t exposed as well. For many, commercial insurance isn’t considered an important thing to have until it is. No matter your company size or standing, having commercial insurance will provide you with the peace of mind knowing that you are protected if problems ever arise.
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What Does Commercial Insurance Cover?

Gallant Risk & Insurance Services, Inc. provides a variety of commercial insurance options, which allows you to customize your plan to best suit your business needs. Commercial insurance can cover many facets of the following:

• General liability insurance
• Directors and officers liability insurance
• Fiduciary liability insurance
• Employment practices liability insurance
• Risk management
• Worker’s compensation
• Captive insurance
• Cyber liability
• Errors and omissions (professional liability insurance)
• Property insurance
• Commercial auto
• Business owner’s policy (BOP)

If you are in the market for commercial insurance, contact our representatives at Gallant Risk & Insurance Services, Inc. You can read our previous article about the benefits of choosing an insurance broker, or you can contact us directly. Call us at 951-368-0700 or contact us online.