How commercial insurance protects a small business

Operating a small business comes with risks. As a savvy business owner, you will assess your risks and use that information to determine what type of commercial insurance can protect your business. Not all businesses have the same level of risk, but some commercial insurance types are beneficial to most businesses. At Powell’s Insurance in Clinton, NC, we understand the risks your business faces, and we will work with you to put together a business policy that makes sense. As an independent agency, we can offer coverage from a selection of top-rated carriers. 

Business property insurance helps to protect your business’  physical assets. It doesn’t matter if you own the building your business operates out of or rent. It would help if you still had property insurance to protect you from fire, theft, or other covered hazards. In addition to the building, this insurance also covers your business equipment, computers, records, machinery, inventory, and raw materials. All the things you need to do business. 

Business liability insurance is vital to any business. Getting sued or being involved in a legal action can be emotionally and financially devastating. Having enough insurance to feel safe is important. This insurance can cover a judgment against you and the legal expenses that result from it. 

Business interruption insurance is something that most small businesses can benefit from. If your business is closed by a covered hazard, this coverage will get you the money you need to meet payroll and your regular operating expenses. Be sure to read your policy to make sure that you are aware of any exclusions included in the policy. 

With over 40 years of experience, Powell’s Insurance in Clinton, NC has the expertise to help your small business get the coverage you need. Gives us a call or stop into our office for a no-obligation quote.