Commercial Insurance for Frederick, Gaithersburg, and Maryland
What Type Of Commercial Insurance Do You Need For Your Business?
There are very few better feelings in the world than the one you get when you see your business being born. Positive thoughts, pride and happiness are inundating your mind and soul and for a few days you feel as if you were walking on clouds.
But in the rush, hush and cheer of the moment, don’t forget one of the things that can make or break your business: the commercial insurance.
A lot of business owners from Bethesda, Frederick, Gaithersburg, Maryland, Rockville have unfortunately discovered the drawbacks of not having a business insurance policy. You don’t want to be caught off-guard with something like this; it is a thing that can get you in debt for a long period of time – to say the least of it.
So make sure you choose one of the five main types of insurance that applies to businesses:
- General liability – the most used and most broad type of business insurance, it offers protection from claims, as well as protection in case of physical damage to others’ property.
- Professional liability – this kind of commercial insurance can protect you from financial loss when it is associated with negligence at work.
- Property insurance for businesses – whether you own the building where your office is or you work in a rented property, you will have to have some sort of property insurance for your business, as it is required for as long as a property is in your lease.
- Auto insurance – you will not need this type of business insurance if you do not own a business car. However, in the USA it is compulsory to have car insurance, so if you have a car, you will also need insurance for it.
- Workers’ compensation – probably the most important insurance if you have employers. It is compulsory under state law.
