Commercial insurance is a type of insurance that covers businesses from certain types of liability and financial loss. There are many different types of commercial insurance policies and types of businesses that can be insured. In general, commercial insurance is meant to protect a business and its employees from liability risks and financial losses that are not covered by standard personal lines policies. Valor Insurance in Easton, PA is here to assist with this vital coverage.
What commercial insurance covers
Commercial insurance covers many different risk areas, including those related to damage to property, employee injuries or workplace safety, product liability and product recall claims, natural disasters such as fires or earthquakes, environmental risks like pollution or toxic spills, legal liabilities for professional services such as malpractice or errors made by an accountant or lawyer, cyberattacks on computer networks with sensitive data stored in the cloud, government prosecution for noncompliance with employment laws like minimum wage requirements, and even lawsuits from customers who purchase products from your business but are dissatisfied with their experience.
In order to protect your business from these types of risks and losses, you will need to purchase different types of commercial insurance policies. The first type of policy you should consider purchasing is a general liability or commercial liability coverage. This covers several different areas of potential liability, including product-related claims for damage done during shipping or any injuries caused by the product once it has been sold and used by a customer.
Another part of this policy may cover lawsuits filed against your business if a customer purchases products or services from your business but later becomes unhappy with their experience or complains about poor workmanship on materials provided by your company.
Give Us A Call
For more information on commercial insurance, call Valor Insurance today. We proudly serve the Easton, PA area.