As a business owner in Oklahoma, you must have the proper insurance coverage to protect yourself, your employees, and your business. At R&B Insurance Solutions LLC, we are here to help you make great insurance choices in Oklahoma. Keep reading to learn more about commercial insurance.
What Is Commercial Insurance?
Commercial insurance is a special insurance policy that bundles different types of coverage. This provides simple, streamlined insurance services for business owners. Business owners often need multiple types of coverage in place simultaneously to keep their company running safely and legally. This type of policy can significantly simplify the insurance process for busy owners.
What Does Commercial Insurance Cover?
Because each company is unique, each commercial policy is unique as well. Your policy can be customized to suit your needs, but in general, this type of insurance will provide the following types of coverage:
- Property damage- If the physical property where the company is located is damaged, or equipment is damaged, this type of coverage can be used to pay for repairs or replacement.
- Vehicle coverage- If the business uses vehicles to operate daily, this will provide coverage for both cars and drivers.
- Liability-Business owners face unique liability risks while operating a business. Liability insurance coverage can help pay for expenses that would result in someone being injured at your business or because of your goods or services.
What Happens Without Commercial Insurance?
If you do not have proper insurance, you may face devastating expenses that could harm your business. There can also be legal consequences if you do not have certain types of insurance in place that are required by law.
If you would like to learn more about commercial insurance or any other types of insurance products we provide, don't hesitate to contact us at R&B Insurance Solutions LLC, serving Oklahoma.