Commercial insurance can provide valuable protection against such things as theft, property damage, and liability. It can also provide coverage for business interruption and employee injuries. A business owner who chooses to operate a business without insurance puts his enterprise at risk of losing money and property in the wake of an unfortunate event. In some situations, a business owner may even place personal money and property at risk by failing to secure adequate commercial insurance.


Depending on your particular business, there may be some types of commercial insurance you don’t need. For example, you may need commercial property insurance, but not commercial auto insurance. Keep in mind, however, that it is wise to learn about the different types of commercial insurance, even if you don’t need them all. As your business grows and expands, you may discover that your insurance needs change. Obtaining preliminary information now will provide you with the basic information you need to decide whether or not to add to or change your policy later.


Though most businesses are able to obtain commercial insurance with ease, for others, securing insurance is difficult. For example, a business that has already experienced a considerable loss may be viewed as a high-risk company. To insurance companies, significant previous losses translate into a heightened risk of high or frequent claims.


A business may also be considered high risk if it is fairly new or involved in operations that make frequent insurance claims more likely. In such situations, securing commercial insurance is not impossible. However, your agent may need to provide you with options for finding insurance through non-standard avenues.


For any questions contact us at 859-276-0400 and one of our agents would be glad to answer any questions you might have.