Every business owner needs to have some form of commercial insurance. This type of insurance protects you from any potential liability from running your business. There are a few different types of commercial insurance, and each one covers various risks. Here are four times you might need commercial insurance.
1. You’re an Employer
If you have employees or hired contractors for your own business, you need to protect yourself from any potential liability from those individuals. For example, if someone working for you got injured, they could sue you and claim that their injury resulted from employer negligence. Commercial insurance would protect you from that type of liability.
2. You Have a Retail Store
If you own a retail store, there’s a chance that someone could get injured while they’re on your property. For example, if a customer slips and falls, they could sue you and claim that the fall was due to your negligence. Commercial insurance would protect you from that type of liability.
3. You Provide Professional Services
If you provide professional services, such as consulting or financial advice, you need to be protected from any potential liability that could come from your work. For example, if you give financial advice to a client and lose money due to your advice, they could sue you. Commercial insurance would protect you from that type of liability.
4. You Have a Manufacturing Business
If you have a manufacturing business, there’s a chance that someone could get injured due to your product. For example, if you make a toy and a child gets injured while playing with it, their parents could sue you. Commercial insurance would protect you from that type of liability.
Are you looking to protect your business from potential liability? Whether you’re an employer, own a retail store, provide professional services, or have a manufacturing business, commercial insurance can help. At Phil Klein Insurance Group in West Bloomfield, MI, we offer a variety of commercial insurance policies to meet your needs and keep you protected. Contact us today to learn more about our products and get a free quote.
