The Truth About Customized Commercial Insurance From Independent Agents
One of the most important aspects of your business plan is your commercial insurance, which guards against the many risks your company faces. But how do you get business insurance without spending too much on the coverage you don’t need or finding out at the wrong time that your one-size-fits-all policy has gaps in coverage?
Consider turning to an independent commercial insurance agency, such as Garrett Insurance. Working with an independent commercial insurance agent can help you find the perfect policy for your business.
Here’s why customized commercial insurance from independent agents is likely your best option.
What Is an Independent Commercial Insurance Agent?
An independent commercial insurance agency works with multiple carriers, allowing its agents to offer flexible options at competitive rates. Independent agents are licensed professionals with an expansive knowledge of business insurance and a broad view of the insurance industry.
This flexibility and experience come together to deliver commercial insurance better tailored to your business than you’d get from a captive agent, who sells the products and services of only one company.
From theft and cybercrime to natural disasters and employee accidents, your company is exposed to a lot of risks. Independent commercial insurance agents are best positioned to provide the strategic advice and customized commercial insurance you need to protect your interests.
Why Choose a Customized Commercial Insurance Plan?
All businesses are unique, even within the same industry. The threats you face may differ from a similar company because you operate in a different region.
A commercial insurance agency can build a custom plan to cover the potential risks of your industry down to those that are specific to your area. In doing so, they can reduce your exposure and save you money.
Types of Commercial Insurance to Consider
Here are some of the most common types of commercial insurance coverages:
General Liability
This broad category of coverage can guard you against financial losses from claims against your business for property damage or bodily injury.
Property Insurance
With property insurance, you can shield the buildings, inventory, and other commercial properties associated with your business against financial loss or damage.
Auto Insurance
A commercial auto insurance policy can cover your business if a company vehicle injures someone, damages property, or gets damaged itself.
Worker’s Compensation
Worker’s compensation insurance can benefit both your employees and your business by covering the medical bills and lost wages of workers injured on the job. Offering these benefits means less likelihood of damaging lawsuits.
Professional Liability
Professional liability insurance can protect your business from claims of negligence, faulty work, mismanagement, and other breaches of professional conduct.
Crime Insurance
This type of insurance can help your business recoup losses resulting from fraud, theft, employee dishonesty, and other criminal actions.
Business Owner’s Policy
With a business owner’s policy, or BOP, you can build a customized commercial insurance policy from among multiple available business insurance coverages.
Umbrella Insurance
Umbrella insurance can offer additional protection for your business against unexpected events that might exceed your coverage limits.
Your independent commercial insurance agent can put together a package of these coverage types to suit the specific needs of your business.
How to Get a Customized Commercial Insurance Policy
Business insurance can be infinitely complex. Fortunately, you don’t have to spend your valuable time thinking about it. When you work with a commercial insurance agency, your agent can customize a commercial insurance plan for your business while you focus on the important work of running your company.