Innovative Insurance Resources Breaks Down Essential Commercial Insurance Policies
In today’s uncertain business world, acquiring commercial insurance is a necessity. However, many business owners often wonder which policies they genuinely need. At Innovative Insurance Resources in Honolulu, HI, we tailor commercial insurance plans to address your specific business needs.
Commercial Property Insurance
If your business operates from a physical building such as a store, manufacturing center, or warehouse, commercial property insurance is a must. This policy safeguards the structure of your building along with its contents, securing your expensive business equipment.
General Liability Insurance
General liability insurance covers damage to a customer’s property and injuries on your premises. For example, if anyone slips and falls in your store, the ensuing medical expenses are covered by this policy. It also covers damages to a customer’s property caused by your worker.
Professional Liability Coverage
Professional liability coverage also covers any damage or injuries resulting from the service or product you offer. For instance, if you’re a mechanic and mistakenly damage a customer’s engine, this policy would cover the ensuing cost.
Commercial Auto Insurance
Commercial auto insurance becomes necessary if driving forms a significant part of your operations, for standard insurance policies don’t cover you during business operations. A commercial auto policy covers damages to other vehicles if you cause an accident. It also covers equipment or inventory in your vehicle. Besides, if an employee drives your vehicle, they, too, are covered under this policy.
Business Interruption Insurance
Business interruption insurance is crucial for small businesses. If you’re temporarily unable to operate your business due to unforeseen circumstances, this policy will cover your losses.
Seek Comprehensive Commercial Insurance with Innovative Insurance Resources
As a business owner in Honolulu, HI, we invite you to contact us at Innovative Insurance Resources. Our capable agents will discuss your insurance options and help you select the most beneficial policies for your enterprise.
