Do you own a business? Whether you are just starting a new business or have owned your business for several years, it is never a bad time to look at what you have and make sure your specific business insurance needs are covered. Business insurance includes various types, and your needs all depend on the nature of your business.
Business Insurance- We(Peck and Wood Insurance) have coverages for all types of businesses. Assessing your risk and managing it with adequate coverage is crucial so that you can rest easy at night and know that you will be okay in the event of a loss. Click here to learn more about business insurance and what we offer from our friends at Indiana Farmers.
Inland Marine Insurance- Does your business have property that moves around from one location to another? If so, you will want to explore your options with an inland marine policy specifically for your needs.More information can be found hereInland Marine- Indiana Farmers.
Business Owners Policy BOP- A BOP includes a bundle of coverages in one policy. This typically is a good fit for smaller businesses with very few employees. Read more about BOP’shere.
Commercial Package Policy CPP- If you own a larger company with greater risks and more employees, you will want to consider a CPP. Large businesses can tailor the CPP to fit their needs with customized coverages, wording, and terms. Lots of good information about this can be found here.
Commercial Auto- All businesses should have some type of commercial auto insurance. It’s a lot like personal car insurance, but it is important to know that most personal policies will not always cover business related driving. Further explanation of Commercial Auto can be found here.
Workers Compensation- Unfortunately, employees can and do periodically become injured while working on the job. If this happens, you definitely need to carry a worker’s compensation policy to cover any medical bills, recovery bills, lost wages, etc. for your employees. You do not want to be without this type of coverage as those expenses add up quickly. Learn more about worker’s compensation here.
Commercial Umbrella Insurance- You want to make sure that you have liability coverage that protects you in case of a catastrophic event. To learn more about commercial umbrella policies, click here
Do you have questions about insurance for your business? We are a phone call away. 765-644-2591. Let’s talk about it!
Jane Freeman is licensed in Property and Casualty Insurance at Peck and Wood Insurance.