commercial insurance

Why every small business should protect itself with commercial insurance

Posted on by agentinsure

Small businesses constitute more than 99% of all businesses. Large businesses are more likely to survive the calamities that strike all businesses and have the necessary resources to recover. Good commercial insurance helps level the playing field for small businesses. At Brokers Insurance Agency in Lincoln, NE, we are here to help ensure that your small business has the commercial insurance it needs.

As a business owner, you need to anticipate all the things that can and will go wrong. Many things can jeopardize your small business, whether it’s a natural disaster or an artificial one. Certain types of commercial insurance can benefit all small businesses.

Commercial Property Insurance

Commercial property insurance is more comprehensive than real estate property insurance. It combines coverage of the physical building and its contents. This offers protection to those who are renting their locations as well as those who own them. It also covers all the things you use to do business. Depending on your business, this can include inventory, machinery, raw materials, display units, electronics, and more.

Commercial Liability Insurance

This may be the most important insurance, as getting sued at some point is almost a certainty, and many small businesses cannot survive a legal action without liability insurance.

Commercial Business Interruption Insurance

When something happens to disrupt your business, it can be hard to survive with no income. If you suffer a business interruption, business interruption insurance will provide the money you need to pay bills and meet payroll.

Don’t wait another day. Contact our team at Brokers Insurance Agency in Lincoln, NE, to discuss your small business’s commercial insurance needs.

Why my home business needs commercial insurance

Posted on by agentinsure

Basing your business in your home is a very attractive option. It allows you to avoid paying rent for an office or for storage of business equipment. At Brokers Insurance Agency in Lincoln, NE, we know that businesses face many risks, and we work with our customers to mitigate as many risks as possible.

Property Coverage

Your home property insurance coverage provides for the physical building of your home. Commercial property insurance takes the place of both property insurance and contents. Home insurance also has content coverage, but it is designed to cover what would generally be in your home. It is not designed to cover business property. You could end up having very little in the way of coverage from your home insurance. It might cover a desk and some office equipment, but it isn’t going to replace lost inventory or your records. Commercial property insurance provides all the coverage you require.

Liability Coverage

Liability coverage is a serious area when it comes to running a business out of your home. While your home insurance has liability coverage for people who visit your home, it doesn’t cover those who visit your home for business purposes. You could lose your home if you don’t have the right insurance coverage, not to mention your business. Commercial liability coverage will provide all the protection you need.

Business Interruption Insurance

When your business cannot operate, your bills still need to be paid. Your home insurance won’t be of any help to you. If you have business interruption insurance, it will provide the cash you need to hold you over until your business is up and operating again.

Contact Brokers Insurance Agency in Lincoln, NE when you need to discuss commercial insurance benefits for your home business.