If you own a business in Indiana, make sure that you have any commercial insurance policies that are required for your business. To find out more about what is expected of your business, and what is recommended, give us a call today at Blevins Insurance Agency in Lafayette, IN.
Commercial Auto Coverage
If your Indiana business owns a vehicle, it is responsible for having a commercial auto policy on that vehicle. In addition, there are specific minimum amounts of coverage that you have to have within your commercial auto policy. These include a specific amount for bodily injury liability for a single person who is injured in an accident with your vehicle. Another amount has to be available for everyone in the accident who is injured. There is another amount required for your property damage liability. All of these required amounts are for liability, but you don’t have to stay with the minimum required coverage. You can add coverage such as collision insurance and comprehensive insurance. Both of these protect your vehicle in an accident that is your fault.
If you have a vehicle that you use for work, but your business doesn’t own it, that vehicle should have a policy called hired and non-owned. This is important for protecting you financially if it has an accident. It’s likely that a personal auto policy would not pay out if you had an accident while doing work tasks.
Workers’ Compensation Coverage
This type of insurance coverage is required for every business that has any number of employees- even just one. This coverage protects workers by having money available if they are injured while at work. It protects your business by paying for employee injuries so that the employee doesn’t need to sue your company.
Get Your Business Covered
To find out more, call us at Blevins Insurance Agency in Lafayette, IN.
Owning a business has never been riskier. No matter how well you plan for every eventuality, you can be devastated by something you never thought of. With commercial insurance, you can get the protection you need. Your independent insurance agent will work with you to curate a policy that addresses all the risky areas for your business. At Blevins Insurance Agency in Lafayette, IN, we have more than 20 years of experience. Our philosophy is to treat others the way we want to be treated. We will be there for you today and every day.
Commercial liability insurance
Small businesses are especially vulnerable to being sued. From 36 to 53% of small businesses will be sued in any given year. That is an enormous risk. Having to deal with a lawsuit on your own could kill your business. Liability coverage is one of the parts of commercial insurance just about any business can benefit from. Not only will it help to pay a judgment against you, but it can also help with legal expenses.
Commercial property insurance
Something as simple as a broken pipe can have a devastating effect on your business. More than just the physical building is covered by commercial property insurance. You may think that you need to own the building, you don’t. Property insurance will cover the machinery you need to do business, office equipment and electronics, and inventory and raw material that you need to create your products. Without insurance to help, your business might need to close.
Workers’ compensation insurance
Workers’ compensation insurance is required in Indiana. It helps your business by covering work-related injuries, illnesses, and lost wages.
If you have commercial insurance needs or questions, Blevins Insurance Agency in Lafayette, IN has a team of experienced agents who are there to serve you. Drop into our office or give us a call.
Based in Lafayette, IN, Blevins Insurance Agency offers residents multiple types of insurance coverage. We strive to help our clients find the policies they need to protect what matters most. We believe that it is important to treat people the way we would like to be treated. We have positive relationships with several carriers throughout the industry.
Commercial Insurance Options and Policies
Owning and operating your Lafayette, IN business is one of your most important investments. However, there are a lot of rights and responsibilities involved with operating a business. The daily process can be overwhelming at times. That’s why commercial insurance is an asset.
Commercial insurance covers any damages to your building, equipment, or inventory. This should help alleviate concerns if your business is impacted by a fire or natural disaster spreading through the area. You can add business interruption coverage to protect you if your business is shut down for a few weeks due to severe property damage.
Liability coverage is another important part of your policy. Accidents can happen at any time, which is why you need protection. You can rely on liability coverage if one of your customers slips and falls while visiting your store. You’ll also be covered if your customer suffers damages as a result of using your product. If you have an active online presence, liability coverage will give you a safety net if you are dealing with slander allegations. You’ll also want to add cyber coverage so that your business will be protected if a hacker compromises important data.
Workers’ compensation is also an asset. The coverage allows you to protect your employees while also helping secure the future of your business. You can avoid having to go through an extensive legal battle because of an injury in the workplace.
Blevins Insurance Agency Will Help You Protect Your Investment
Contact our office today to learn more information about commercial insurance.