Commercial Insurance: Which Coverage Is Best To Include In Your Policy?

​Commercial insurance branches out to which industry your business is in. Often called business insurance, this single policy insurance can have something in common. It is known to have an easy claiming and renewal process. It only has one policy and renewal date to remember.

Read on to know more about commercial insurance and its coverages.

1. Product Liability
   In the business of distribution or manufacturing, your product might get damaged. Some businesses prone to these kinds of incidents can have them covered. This is through product liability. The compensation pays for medical expenses and hospital bills. 
   
   
2. Employers' Liability Insurance
   This coverage can pay for the loss or injury of staff while at work. Employers' Liability insurance takes over costs for illness, death. It leaves some for their families as well. This also includes legal costs due to the same incident.
   
   
3. Public Liability Insurance
   Public Liability Insurance covers the cost of the damage. This covers accidents that led to injury, loss of personal belongings, medical treatment—also secure trespassing or interference within the commercial property.
   
   
4. Business interruption Insurance
   Many aspects cause business interference. That can be because of supply chain delays and power outages. Likewise, it can be due to thunderstorms, fire, flood, and many more. These events would result in a stoppage of work, whether for an hour, a day, or more. After the halting of work, then causes a stoppage in cash flow as well.
   
   
5. Legal Expenses Insurance
   To be in a commercial business is required for legal actions and defenses from time to time. With this coverage, you can have the expenses for the legal expenses.
   
   
6. Personal Accident Coverage
   Personal accident coverage offers compensation to people. It provides for those who experience death, loss of a body part. And any other impairment or disablement. You can also extend this coverage to medical expenses. It pays for treatment, commuting expenses, hospitalization, and counseling.
   
   
7. Loss of Money
   There would be cases that theft is present in the commercial business. May it be during work hours, at night, or while in transit, this coverage can aid a business in this loss.

Takeaway
Whichever business industry you are in, there are still similarities within businesses. Businesses, in general, also share that money makes them operational. So, a chance to minimize an expense through commercial insurance would be a great deal.

At Kapasu Insurance Services Inc., we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (760) 995-3853 or Click Here to request a free quote.