Not every business requires every type of commercial insurance coverage. In many cases, what you do will determine what you need. Running some businesses comes with greater risk than others. For example, if you’re a contractor who specializes in asbestos abatement, there’s a greater risk to you and your employees than if you run a local craft store, and you must secure additional coverage to mitigate that liability. This can get expensive, but it doesn’t have to. If you work with an insurance agent who can bundle your business insurance, you’ll save money.
Bundling means an all-inclusive package that contains policies that meet your exact needs. Maybe you’re a one-person shop. If so, you don’t require a workers’ compensation policy, so you’ve saved money right there. For the asbestos abatement contractor, however, you do require workers’ compensation and then some, so you’ll need that included in your package.
When looking for commercial insurance for your business, some agents offer business owner policies designed to insure the basics, your property and liability risk, and commercial package polices designed to include any additional riders you need, such as commercial auto, workers’ compensation, equipment breakdown and professional liability among other options. Speak with a qualified agent today to bundle your business insurance coverage to your specialized needs.