While you are busy building your business, things like commercial insurance may fall by the wayside, putting your business in further jeopardy. But however busy you are, you need to pause for a moment and think about commercial insurance. Why? Business insurance cushions your business financially when the unexpected occurs.
While there are numerous commercial insurance coverages to consider, there are those you must buy regardless of the nature or size of your business. According to Perry Insurance Agency in Vernal UT, here are the must-have commercial insurance coverages.
Worker’s comp insurance
Although this coverage is mandatory in Utah, this isn’t the only reason to invest in it. Worker’s comp insurance protects your workers, resulting in improved productivity and reduced financial losses. This coverage protects you from lawsuits and cushions your employees against illnesses and work-related injuries.
Commercial auto insurance
If you own business vehicles, you need to invest in commercial auto insurance to ensure that your car and driver are protected when accidents happen.
General business liability
While this coverage isn’t compulsory in Utah, every business should invest in it. Because businesses are constantly exposed to liabilities, you must invest in liability coverage to cushion your business from financial losses.
Liability coverage protects your business against bodily injury, property damage, and advertising injury you may be accused by third parties.
Commercial property insurance
Your business operations run smoothly because of assets like IT equipment, buildings, furniture, and so forth. With this in mind, you should protect your assets with business insurance to ensure that your business operations run uninterrupted.
Cyber liability insurance
With the rise of technology, there is an upsurge in malicious online activities targeting businesses. For this reason, you should invest in cyber liability insurance to help you move on when you face the threat of hacking.
Invest in business insurance today!
Ready to protect your Vernal, UT with commercial insurance? Please get in touch with Perry Insurance Agency for an affordable quote.