5 Types of Commercial Insurance to Consider for Your Business - Temecula Insurance Agency - Carver for Auto, Home, Life & Health

5 Types of Commercial Insurance to Consider for Your Business

5 Types of Commercial Insurance to Consider for Your Business

5 Types of Commercial Insurance to Consider for Your BusinessCommercial insurance is a must for all kinds of businesses. However, choosing the right commercial insurance for your business can be overwhelming as there are many different types available. The experience can be even more nerve-racking if you are looking for commercial insurance for the first time. You may face difficultly knowing what kind of insurance options exist. For example, you may not know that coverage for lost revenue because of a cyber burglary or breach is even an option. To get you started, this guide lists some key recommendations.

Following are 5 types of commercial insurance to consider for your business:

1. Commercial Property Insurance

If your business has physical assets, then it is crucial that you have commercial property insurance. With the possibility of catastrophes like theft, vandalism, fire, flood, etc., it’s unwise to cheap out on commercial property insurance. The type of policy you should choose depends on how much property you need to insure.

2. General Liability Insurance

Even the most cautious businesses can find themselves in trouble because of a product issue or an accident. Your business can be held liable for damage caused by your employees or your products, or injuries at your storefront, office, or place of business. This is where Insurance Agent in Temecula proves to be invaluable. Depending on your selected policy, your general liability insurance will cover the cost of defending yourself against damage or injury lawsuits along with paying any claims.

3. Professional Liability Insurance

Although professional liability insurance may seem similar to general liability insurance, it is not the same thing. While general liability insurance covers negligence or accidents, professional liability insurance provides coverage for the negative consequences of a professional’s advice or service. Businesses in industries like engineering, law, consulting, accounting, etc. would benefit the most from this kind of policy.

4. Commercial Auto Insurance

If your company transports products or people on a regular basis, then it means your vehicles are essential to your day-to-day business operations. If there’s an accident that results in damages, your business may not have thousands of dollars to put towards repairs. So, whether it’s a couple of vans or dozens of trucks, it is highly recommended that you find commercial auto insurance for your business’s vehicles.

5. Cybersecurity Insurance

Today, both small and large companies rely on data and computers to run their business. This makes virtually all organizations a potential target for hackers. As a business owner, exploring cybersecurity insurance options is highly useful as it can help you in a number of ways. When choosing a policy, be mindful of what exactly you are covered for as well as what the triggers for your selected coverage are. For example, if a hacker tricks one of your employees into giving access to your business network, you don’t want to learn after the fact that your cybersecurity insurance does not cover social engineering fraud.

In conclusion, it is safe to say that the future is unpredictable and as a business owner, you should be prepared for everything. In case the unexpected happens, it will be beneficial to you and your business to have a commercial insurance policy to back you up.

purchase commercial insurance in temeculaCarver Insurance Services, Inc. is a local insurance agency that has been serving residents and small businesses in Murrieta, Temecula, and surrounding areas since 2004. Started by Diana Carver; a second generation insurance broker with over 25 years experience, when after working for several insurance brokerages, Diana felt the need for a brokerage that was efficient and progressive, while still keeping that “hometown” feeling.

Carver Insurance Services, Inc.’s goal is to help you determine what insurance needs you have, meet those needs, and then help you prepare to meet future goals. The Carver Insurance Services, Inc. Family and its agents would love for you to stop by one of their two convenient locations for a free insurance quote or just to say, “Hello!”

For more information, give Carver Insurance Services, Inc. a call today to talk to a friendly, helpful agent.


Carver Insurance Services, Inc.-Temecula

33321 Temecula Parkway suite #102, Temecula, 92592


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