Business & Commercial Insurance

Every business endeavor carries its own set of risks. No matter the size of your enterprise, from a startup to a well-established enterprise, it’s essential to shield your financial interests from unexpected incidents. Think of business insurance as a financial protective barrier; it’s there to secure your assets, lessen legal responsibilities and maintain operational stability.

What Does Business Insurance Cover?

The following coverage can be included in a business insurance policy:

• General liability insurance—This is a fundamental coverage that can financially protect against claims of bodily injury, property damage or harm to reputation caused by your business operations.

• Commercial property insurance—This can financially cover damage or loss to physical assets like buildings, inventory and equipment due to events such as fire, theft or severe weather.

• Business interruption insurance—This can help compensate for lost income and operating expenses if your business must temporarily close due to a covered event.

• Workers’ compensation insurance—This can benefit employees who suffer work-related injuries or illnesses.

• Professional liability insurance—This can help cover legal costs and damages if your business is sued for professional negligence.

• Commercial auto insurance—If your business uses vehicles, this insurance can help financially cover damages from accidents, theft or vandalism.

These are just a few examples, and the specific coverage needed can vary greatly depending on the nature of your business, the industry you’re in and the risks you face.

What Business Insurance Covers Theft?

Business insurance that covers theft typically falls under commercial property insurance. This type of insurance is designed to financially protect your business’s physical assets, such as your inventory, equipment and the building itself, in case of theft, burglary or robbery. It can help cover the cost of replacing stolen goods and repairing any damage caused by the theft.

Other forms of theft-related coverage may be available, such as policies that may cover incidents perpetrated by employees. Reach out to discuss theft coverage in greater detail.

How Much Business Insurance Do I Need?

Contact Jack Lee Fong Insurance Agency to discuss your business insurance needs. We can help ensure that your policy matches your business's unique risks and needs.