Running a business is challenging but offers many rewards. Maintaining the daily operations requires most of your resources, so having the right commercial insurance coverage is critical to continue your operations. Many types of commercial insurance must be considered, including:
Commercial auto insurance offers protection for all vehicles owned by a business or cars used for business purposes that are not directly owned by your company.
Commercial Liability Insurance protects all company assets in a case where a lawsuit occurs. This coverage includes protection from bodily injury, as well as property damage against a third party that is the result of your business operations. Also, under the Commercial General Liability Insurance is Employment Practices Liability Insurance (EPLI) which covers employment-related liabilities outside of injuries.
Directors and Officers Insurance (D&O) also fall within this category. D&O insurance protects directors and officers of an organization against negligent acts and misleading statements that result in lawsuits. There are numerous types of coverage, including corporate reimbursement coverage, entity coverage, and personal liability. These policies can also be widened to include employment practices liability coverage.
This type of insurance protects structures on your property and all of the contents within those buildings.
Professional Liability Insurance protects professional service businesses like lawyers and accountants. Most policies protect against an omission during professional servicing. This type of insurance is used across many industries across Pennsylvania, including real estate agents, architects, technology firms, property management companies, accountants, and attorneys.
Workers Compensation Insurance delivers financial protection if an employee becomes ill or is injured during working hours.
For more information on Pennsylvania commercial insurance policies and practices, call or stop by Quaint Oak Insurance today. Our professionals at Quaint Oak Insurance can help you better understand all of your commercial insurance options and find a policy that meets your business' needs.
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