Your Livelihood Needs Protection – Get Commercial Insurance

Are you a business owner in Centennial, CO? Have you got your livelihood insured? If not, Compass Insurance can provide the protection you need.

But what is commercial insurance? Its coverage for corporations and businesses is designed to protect the business, its employees, and its ownership. This type of insurance comes in different configurations because of the many different needs of individual businesses.

There are many different types of commercial insurance. The most common are:

  • Business interruption insurance
    • You probably will lose revenue if your business operation is interrupted by a natural disaster, theft, or property damage. Business interruption protection covers events that may disrupt your earning ability. This coverage is ideal for all businesses as it is designed to return the business to its financial position before the loss.
  • Commercial general liability insurance
    • This coverage provides liability insurance for general business risks and should be the first type of coverage you should consider. It covers common threats such as property damage, medical payments, and bodily injury. You will be covered if your business is found to be responsible for a third-party injury or property damage.
  • Cyber liability insurance
    • You could face a lawsuit or lose revenue if you or a client is harmed by online activity. This coverage protects you from the four main types of risks depending on your scope of coverage: errors and omissions liability, media liability, network security liability, and privacy liability.
  • Property insurance
    • This provides coverage for your property and all the equipment. Tools, computers, desks, and other standard furnishings will be covered. It will also cover inventory.

Commercial insurance is necessary for all businesses, regardless of size. Let the insurance professionals at Compass Insurance answer any questions you may have or provide you with a quote. Contact our team today.

How much boat insurance do I need?

When it comes to boat insurance, there are a lot of factors to consider. How much coverage do you need? What type of policy is best for you? And how much will it cost?

These are all critical questions to answer before purchasing any boat insurance policy. And while the answers may vary from person to person, some general guidelines can help you get started.

What factors go into determining how much coverage you need?

Regarding boat insurance, several factors can influence how much coverage your policy should include. For example, the boat’s value is significant – but not the only consideration.

You may also want to consider the value of any additional items on your boat, such as equipment and gear. And you should also consider whether or not you have any additional liability coverage, such as personal watercraft insurance if you ride a jet ski or other type of PWC.

Similarly, the type of boat you own is another factor to consider when choosing how much coverage to purchase. For example, if you have a sailboat or power boat, the value of both will be important to consider when choosing your coverage limits.

And finally, your personal situation can also impact how much coverage you need. Are you? Do you have children? How old are they? Your answers to these questions may also influence how much coverage you need.

If you have questions about insuring your boat, give Compass Insurance a call today. We proudly serve the Centennial, CO area.