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Different Types of Commercial Insurance

Different Types of Commercial Insurance

Commercial insurance is broad and there are many different policies. What best protects your company?

Business owners may be overwhelmed when deciding on a policy that suits their company, assets, and financial future! Instead of opting for a bare-bones policy that exposes vulnerable areas of your business, it’s important to maintain adequate and reliable coverage.

Read on for a list that provides an overview of the coverages available to businesses!

Commercial Property Insurance: As the most common form of commercial property policy, it covers buildings, production machinery, office equipment, furniture, and stock. The policy is fairly flexible and can be adapted to meet the needs of your business.

Business Owners Policy: A business owner policy is a type of package policy designed for small and medium-sized businesses, and covers commercial property and general liability coverages. It can also include business income, extra expenses, and various crime coverages.

Inland Marine Insurance: Commercial property and BOP policies cover property situated at the premises described in the declarations, typically away from the businesses premises. This coverage is designed to protect movable property.

Builders Risk Insurance: This insurance covers a building in the course of construction, beginning when construction starts and ends when the project is completed so that your building is protected throughout every stage.

Crime Insurance: From employee theft coverage, computer fraud coverage, and money and securities coverage, this policy is designed to protect against losses.

Are you ready to receive quality, all—encompassing insurance for your business in Texas? Contact the Insurance Agency of Dean Davis in Austin to learn how you can safeguard your business!