Starting and running a business is hard work, and commercial insurance will help you protect the investment and keep it running. There are multiple policies available, so understanding the specific types of coverage will help you get the level of protection that works best for your company. Here's a rundown of options for new business owners.

Property

There are policies designed to protect your property if it's damaged. This type of policy generally covers any damage to your building and its contents if there's a disaster. It may even help you purchase new equipment or supplies up to the coverage limit if there's a fire or theft.

Since businesses have different types of property, there are various types of commercial insurance policies to cover the expenses. For example, companies that have delivery or service vehicles should get auto coverage, and owners that operate from a home office only need a small coverage limit to protect any business equipment that isn't covered by a traditional home policy.

General Liability

General liability protects a business against personal injury and property damage. For example, the policy may cover the medical bills of a customer who slipped and injured themselves while shopping at your store. It can also cover any damage to a customers' property caused by employee actions or damages from misleading advertisements or business messaging.

You won't need to pay those expenses out of pocket since the insurer will cover them up to the policy limit. This coverage provides financial stability and reassurance while providing customers with restitution to resolve potential damages or disputes.

If you want to get commercial insurance for your company, contact Dunlap Agency in Fairbanks, AK. These professionals have helped business owners throughout the state get the coverage they need at affordable prices. Visit the website for more information about their products, or call (907) 456-5202 to request a quote.