How will commercial insurance protect my business?

As a business owner, you wear many hats. You have to keep your customers happy, support operations and maintain your reputation, all while keeping your eye on the bottom line. One of your most important responsibilities, however, is to protect your company, your investment, and your employees from an unexpected loss.

The ideal solution is a YourPolicy commercial insurance product. Our commercial insurance is designed to cover the unique risks that come with owning any business. Our friendly, professional agents can help you choose the right policy for your needs, tailored specifically for your business. With commercial insurance, you’ll have peace of mind knowing that you, your employees, and your customers are protected from unexpected events.

Below is some information to help you better understand the different types of commercial insurance that we offer.

What type of insurance is available to protect my business and employees?

Below are some of the most common and most important insurance coverages that all businesses should consider.

Business Liability

Business liability insurance protects you from risks that are common to almost every business, no matter what your industry. It provides coverage for customer injury or damages to someone's property as well as accusations of libel or slander. This insurance is not typically required by law. Nevertheless, some business owners like fitness instructors and general contractors may need this coverage as part of license and certification requirements.

Workers’ Compensation

Workers’ compensation insurance protects employers from most lawsuits by injured employees. This insurance covers any occupational sickness or accident that occurs during the course of employment. If you protect your business with worker's compensation coverage, your employees relinquish the right to sue for negligence.

Business Overhead Expense

You are the key to the success of your business. Your involvement in everything from day-to-day operations to watching your bottom line is what keeps your business thriving. If you are temporarily disabled, don’t risk losing everything that is important to you, your family, and your employees. Business overhead expense insurance is designed to cover your operating expenses and keep your business running even when you’re not performing at your best.

Professional Liability and EO

Depending on your business, professional liability insurance can also be known as errors and omissions insurance or malpractice insurance. Professional liability insurance protects you from legal fees and financial loss if you work directly with customers or provide advice. Businesses that generally invest in this insurance are medical providers, attorneys, brokers, and financial service professionals. Professional liability insurance protects you from legal fees and financial loss if you work directly with customers or provide advice.

Group Health

You don’t want your employees to be concerned about the high cost of medical care and prescription drugs. A group health insurance plan gives your employees the security to alleviate those worries and focus on the job at hand.

You have questions. We have answers.

Common Commercial Insurance Questions.

YourPolicy recommends Disability Insurance for owners instead of workers comp because it will provide coverage whether you are at work or play.

As an independent agency, YourPolicy represents over 100 insurance carriers and can receive quotes from top-tier companies like Allstate, Progressive and Travellers, to name just a few.

That depends on a variety of factors, but we can usually work with customers to establish a premium payment option.

Personal policies will not cover your truck for business use, but commercial policies will provide coverage for both personal and business use.

It depends on what types of commercial contracts YourPolicy is quoting. While commercial auto policy quotes are usually provided “same day,” other types of coverage quotes like admitted risks and non-admitted risks can take 2 – 5 days to receive.

The most important factors that can positively and negatively affect your premium cost are lapse in coverage history, clean claim and operating histories, hiring practices, safety protocols, and length of business operations.