Business Insurance
Lancaster, Wilmington, And Signal Hill
As a business owner, you need to have business insurance to safeguard yourself, your employees, your customers, and your assets. You should also look into the potential expenses of worker injuries, legal disputes, temporary business closures, and data breaches as they could significantly impact your business’s future.
Protect Your Business Today With
The Right Insurance Coverage
What is a Business Insurance?
Business insurance, also referred to as commercial insurance, safeguards enterprises against unforeseen losses incurred during their regular operations. It covers unplanned events, such as legal claims, natural calamities, or mishaps, involving property damage, legal accountability, and worker-related hazards.
Invest in your business’s future. Speak with our insurance agent today.
Coverage
We have different types of business insurance, offering you unmatched protection for your company. With customizable coverage options, you can tailor your policy to meet the unique needs of your business and ensure comprehensive protection against potential risks and losses.
Business Liability
Business liability covers medical, repair, and legal expenses if your business is liable for bodily injuries or property damage. For example, if a customer is injured on your business property, this insurance can help with medical costs and lawsuits. Additional coverage endorsements are available for specific risks such as fire legal liability and employment-related practices liability.
Business Owners Policy
A business owners policy (BOP) is a cost-effective insurance package that combines commercial property, business income, equipment breakdown, and business liability coverages. We customize it to suit your needs. Our BOP has standard coverages, such as commercial property insurance, business income, equipment malfunction insurance, and business liability insurance.
Product Liability Insurance
Product liability insurance is tailored for businesses that handle products, including manufacturers, wholesale distributors, and retailers. It provides protection against expenses related to damages caused by products, such as bodily injury or harm resulting from a defective product. It is also essential for businesses to have product liability insurance in order to avoid potentially costly lawsuits.
Workers’ Compensation Insurance
If an employee is hurt or sick at work, workers’ compensation insurance can cover their medical expenses, rehabilitation costs, and lost wages, and may also provide death benefits to their family if they die on the job. If an employee suffered an injury while using equipment at your business, workers’ compensation insurance could pay for their hospital bills and therapy expenses.
Commercial Auto Insurance
Commercial auto insurance protects vehicles used for business purposes. Auto liability covers medical expenses and legal costs for accidents caused by you or your employee, collision and comprehensive covers repairs or replacements for your business’s vehicles, and uninsured/underinsured motorist coverage helps pay for damages caused by drivers with insufficient insurance.
Cyber Insurance
Cyber liability insurance can assist your business in recovering costs resulting from a cyberattack or data breach. These expenses can consist of legal fees, costs related to informing customers, investigating the cause of the attack, and restoring lost data or damaged technology systems.
Professional Liability Insurance
Professional liability insurance (PLI) is specifically designed for service-based businesses. It covers losses resulting from mistakes or negligence made in the course of providing services. This type of coverage, also known as Errors and Omissions insurance (E&O), can help offset expenses related to malpractice, errors, and other related incidents.
Don’t take chances with your business’s success. Secure comprehensive insurance coverage. Call us today.
Why Choose Maggie’s A-1
Home Insurance Services?
Business insurance is vital to protect your business from unforeseen events. It provides comprehensive coverage against potential losses. While buying commercial insurance, take the time to explore policy options and understand the terms. At Maggie’s A-1 Insurance Services, our business insurance policies are:
Affordable
Running a business is expensive, but protecting it with insurance doesn’t have to be. With our affordable business insurance options, you can safeguard your business without breaking the bank.
Personalized
Our tailored insurance policies are designed to match the level of risk exposure of your business. This customized coverage is flexible, allowing you to update your policy anytime to meet your changing needs, and includes the necessary coverages with specific limits to match your requirements.
Extensive Coverage
Our business insurance offers broad protection against a diverse range of liability coverages, such as slip and fall incidents, property damage resulting from your business activities, allegations of libel and slander, and more. Our goal is to provide comprehensive coverage that safeguards your business from a wide array of liability exposures.
Business Insurance FAQs
Is business insurance the same as general liability insurance?
General liability insurance covers bodily injury, property damage, and personal injury claims, while professional liability insurance, also known as errors and omissions insurance, covers claims related to professional services.
Commercial liability insurance combines general liability and property insurance to provide coverage for both property damage and bodily injury claims resulting from business operations.
Our knowledgeable agents can help you determine the best coverage options for your business.
Is business insurance a must for sole proprietors?
Yes. As a sole proprietor, having business insurance is crucial as you are personally responsible for your business’s debts. Your personal assets like bank accounts and personal property may be at risk to cover any business debts. It’s essential to consider the financial consequences of unexpected accidents, regardless of the size of your business.
Which insurance coverage should I include for my business?
The insurance coverages that your business may need depend on your specific situation, but almost every business should consider having general liability insurance, the most common coverage. It provides protection against third-party claims of bodily injury or property damage, such as slip-and-fall accidents or broken windows.
Whether you are interested in getting Lancaster business insurance, Wilmington business insurance, or Signal Hill business insurance, it is best to get commercial auto insurance. Also, if you have employees, most states require you to carry workers’ compensation insurance.
Contact Us
Get peace of mind knowing that your business is protected by the right insurance coverage.
Know your options. Speak with our professional insurance agents today. We speak English and Spanish.
Contact us today for a free quote by filling out our online form or calling (661) 941-6496.
