If you’re a new business owner, it’s imperative that you have enough insurance before you open the doors for business. There are different types of business policies available and if you’re uncertain about what type you need, speak to a qualified agent that sells Business Insurance in St Charles MO. Before you contact an agent to discuss your insurance needs, read about the most common types of business insurance available.
General Liability
This type of insurance covers you if someone is injured on your business property and sues you. Liability will pay the cost of your attorney, plus any damages that are awarded to the injured person such as their medical bills or pain and suffering.
Commercial Property
If your office building, the contents of your building or your business property is damaged, this type of coverage will pay for the cost of repairs or replacement. Types of damage may include fire and smoke, a break in or theft. If your business inventory is stolen or ruined, your insurance company will pay you the cost to replace it.
Commercial Auto
Company owners that have any kinds of vehicles that are used strictly for business must purchase a commercial auto policy. You’re not allowed by law to insure your business vehicles on your personal vehicle insurance policy. This insurance will pay the cost of repair to your business vehicle after a collision or theft.
Business Owners Policy
This type of policy is complete coverage for business owners. It combines general liability, commercial property and business auto insurance into one bundled policy. Other types of coverage can also be added to a business owners policy depending on what types of specialty insurance you need for your business. Purchasing this type of bundled policy is cheaper than buying each type of policy separate. Contact a local agent that sells Business Insurance in St Charles MO to get the best and most cost effective coverage for your business.
associated insurance brokers is a family owned and operated business that provides personal and commercial business insurance.
