EVERY business, from a law firm to an auto-repair shop, needs some form of commercial insurance. However, for many business owners, commercial insurance is a complicated mess that they simply do not want to tangle with. Luckily, Arthur Blake insurance is here to simplify things! Here five of the most important things that every business needs to consider when selecting commercial insurance.

5 Things to Consider When Choosing Commercial Insurance

  • What is Required? The majority of business owners are renting their office space or took out a loan when they started their business. If you fall into this category, most landlords and lenders will require some form of commercial insurance to protect their investment.
  • How many employees do you have? The number of employees your company has will determine what kind of policy you need. If you have less than 100, a standard small business policy is recommended. However, if you have more than 100, you need a more robust commercial policy.
  • Does your company use vehicles? Most personal auto policies will not cover your employees while they are driving company vehicles. So, if your company has a fleet of company vehicles, you need a commercial auto policy.
  • Do you have employees working from home? Due to the COVID-19 pandemic, working from home has become much more common. You need to make sure your insurance covers your employees if they are injured while working at home.
  • Do customers EVER visit your place of business? If you ever have customers on the premise of your store, office, or warehouse, you must have liability insurance. Liability insurance will protect your assets and make sure you can pay for any medical bills if a customer is injured.

If you have not figured it out yet, commercial insurance is vital. If you need help navigating the ins and outs of insurance, Arthur Blake is here! We have been helping North Texans protect their small businesses since 2001. We will take a look at your policy and make sure you are covered. Give us a call at (972) 954-6383!