In today's world, business owners have to protect their businesses against numerous risks and uncertainties. Although commercial insurance protects businesses, business owners as well as employees, there is no one-size-fits-all. Working with Shenandoah Insurance Agency Inc. will make it easy for you to identify the insurance policy that offers full protection for your business in Colorado.
What is commercial insurance?
This is a type of coverage for businesses that protect against potential losses arising from liability, theft or property damage. This insurance policy also provides coverage in case business operations are interrupted or employees are injured.
Types of commercial insurance
Depending on the nature and size of your business, you can choose the coverage that best meets your unique needs.
In case there are losses and damages to your commercial property, including machinery, buildings and stock, property insurance will pay for such losses and damages. The insurance coverage may also cover lost income and expenses resulting from loss or damage to your property.
Liability insurance protects you in case a third party sustains injuries while on your premises and decides to sue. It also meets expenses related to damages to property belonging to a third party. Insurance will pay for the cost of defending yourself and resolving the suit.
Businesses that own a fleet of vehicles can purchase automobile insurance to protect the vehicles they use in their operations. This will ensure that you are reimbursed in case the vehicles are stolen or damaged.
Workers' compensation insurance
Workers' compensation insurance protects both the business and the business owner in the event that an employee suffers injuries in the line of duty.
Commercial umbrella insurance
In case you need extra protection for your business, commercial umbrella insurance will offer you coverage beyond what your primary insurance policy does.
Looking to purchase commercial insurance for your business in Colorado? Shenandoah Insurance Agency Inc. is willing and ready to help. Kindly use our online rating tool to get quotes for home and auto insurance. If you are interested in other types of policies, give us a call or visit our offices.