The purpose of commercial insurance, that is also known as business insurance, is to protect a business and investments from property damage, bodily injury claims, cyberattacks, and other liabilities, Therefore, if you are a business owner and you care about your business and employees, it is a smart decision to get commercial insurance. If you are currently shopping for business insurance, here is a list of things you should know:
What Is Covered By Standard Commercial Insurance?
Generally, business insurance protects businesses and assets from standard risks and liabilities, including property theft and damage, client lawsuits, customer and employee injury, and other unexpected events. Even though commercial insurance cannot protect you from everything, it can become a lifesaver in expensive situations.
What Are The Types Of Commercial Insurance?
There are several types of business insurance, including:
- Errors and omissions insurance (also known as professional liability insurance)
- A business owner’s policy (BOP)
- Cyber liability insurance
- General liability insurance
- Fidelity bonds
- Workers’ compensation insurance
- Commercial auto insurance
What Are The Factors That Have An Impact On The Cost Of Commercial Insurance?
The cost of your business insurance is determined by certain factors, such as the type of your business, number of employees you have, location, and prior claims history.
STARS Insurance – Our Mission Is To Help You Protect Your Business
If you operate your business in Buffalo Grove, IL or any other nearby town in Illinois and you are currently shopping for commercial insurance, STARS Insurance is an insurance company you can trust. We serve clients in Buffalo Grove, IL and other surrounding areas. We will help you find an insurance policy you need based on your budget limits and individual needs. If you have any questions, or you need more information, do not hesitate to call us – our agents are always ready to help.