3 Reasons Why You Need Commercial Insurance

When you are a business owner in Centennial, CO, it is important to have commercial insurance. The level of coverage is going to depend heavily on the type of business that you have and the intricacies that make you unique. Not sure why you need this kind of insurance?

It Provides Coverage

Commercial insurance has the ability to provide coverage in a variety of areas. This includes your business property, your business inventory, commercial vehicles, as well as liability. Liability is going to cover you in the event that someone becomes injured on your property or someone sues you because of advice that you have provided.

You will have the ability to pick and choose the level of coverage that you need so that all areas of your business have sufficient protection.

It Protects Your Business

Businesses have been known to go out of business because they didn’t have the financial protection that is afforded by a commercial insurance policy. You don’t want to file a claim only to have it denied because you didn’t have enough coverage, or no coverage at all. For example, if someone hurts themselves, you want insurance to cover it so that you aren’t paying tens of thousands of dollars out of your bottom line.

Other Policies Don’t Work

Many people believe that they do not need commercial insurance because they have other forms of insurance that provides coverage. However, if you have a home-based business, your homeowners insurance does not provide coverage for your business. Similarly, if you have a traditional auto insurance policy, it is not going to provide protection for any business-related travel. As such, you need to obtain commercial insurance in Arizona that is designed specifically for your business.

Call and talk to one of our independent insurance agents at the Compass Insurance Group today, where we can find commercial insurance for your business.


3 Reasons to Maintain Commercial Insurance

An issue that affects people and professionals of all kinds, deciding whether to get commercial insurance is one of the most vital decisions one can make. An important step in terms of protecting people as well as companies whilst conducting business, commercial insurance policies help by providing additional protection in order to prevent costly expenses. Are you considering purchasing commercial insurance but need a bit more information?

A Variety of Excellent Coverage Options

One of the top reasons to always have commercial insurance is that it allows you a vast array of coverage options. For instance, if you work in a physically demanding field such as sports or other strenuous activities, acquiring commercial coverage will insure your company against even the most serious incidents.

Speedy Recovery

Unfortunately, accidents happen and there is not always a way to prepare for them. By purchasing a quality commercial policy, you will be protecting your employees and business from an array of unexpected, potentially costly accidents. This means the downtime will be considerably less than if you had to find a way to recover from each incident on your own.

Umbrella Options

Moreover, if you opt for umbrella commercial coverage, you can essentially manage all aspects of your business under one discounted rate. This will not only make it easier on your wallet, but you will also save quite a bit of time in terms of making payments or policy changes over time.

Overall, if you are looking for quality commercial insurance in Colorado, Compass Insurance is glad to serve you. Simply call, stop in, or email us today for a high-value, customized quote as well as ways you can save money over time.