Understanding Commercial Insurance

Business ownership is one of the few ways to enjoy true freedom. There are few other endeavors in life which so embody the American Dream as starting and running your own business. In order to make sure your dream endures for many years to come, though, it is essential that you have the right insurance protection in place. At Sharp Insurance & Financial Services, serving Ashland, KY, we know that the best way to make great insurance choices is by having great insurance information. Keep reading to find out what you need to know about commercial insurance.

Why Is Commercial Insurance Important?

Commercial insurance is a unique insurance product that is designed for business owners. Because there are many different layers and moving parts to any business, the insurance to cover that business needs to be multi-faceted as well. Commercial insurance provides different layers of insurance to make sure the investments of time and money you have made into your business are fully protected. 

What Does Commercial Insurance Cover?

A commercial insurance policy can be customized to suit your particular needs, but in general, a policy will cover the following areas:

Property Damage- This type of coverage is crucial if you operate at a regular location. If your property or equipment sustains damaged due to fire, natural disaster, or burglary this will help pay the expenses of repairing or replacing what is lost. 

Auto Insurance- If you use vehicles in your business, you will need auto insurance for your vehicles and your drivers. 

Liability- Liability insurance is probably one of the most important types of coverage for business owners. If someone is injured at your location or as a result of your goods and services, you could be held liable for the expenses. With a sound commercial insurance policy you will be protected from financial vulnerability should this happen. 

If you would like to learn more about our services, please contact us at Sharp Insurance & Financial Services, serving Ashland, KY.