How does commercial insurance work?

First of all, you should know there are numerous types of commercial insurance. Some include the following: Commercial property insurance, commercial auto insurance, commercial asset insurance, commercial service insurance, commercial liability or risk insurance, general or business commercial insurance, commercial renter’s insurance, commercial law insurance, commercial crime insurance, commercial E & O insurance, commercial malpractice insurance, commercial workers’ comp, insurance, and more. We hope this has at least given you a broader perspective into the many sections, and even subsections, that commercial insurance can branch off into and it can get a little complicated the further you get into a matter. Let’s start by taking a look at a few of these mentioned.

For example, let’s take "commercial debris removal insurance," something many people today purchase. It falls under commercial services insurance and helps the insured to cover any costs that may associate themselves with removing all debris needed in a particular area. Let’s say a major wind storm, flood, hail storm, or fire just occurred leaving your building damaged or gone. Now, before starting to rebuild, it’s needed that you properly get all debris removed, in order to comply with legal building ordinances. And to further add, the regular commercial property insurance you currently hold is probably effective in terms of covering your major rebuilding costs, but definitely not when it comes to debris removal.

Another example is commercial E & O insurance. Let’s say you or a team member of your organization inadvertently harms a third party. And on a larger scale, this type of coverage excels commercially. Think "corporate."

There is a great commercial insurance provider in Mishawaka, IN. They go by the name of Kevin Dennis Insurance Agency. Check us out today. It just might help with your current insurance needs.