Business owners need to protect their companies with the right commercial insurance policies in Folsom, CA. There are many types of coverage available, and each one serves a specific purpose. T.D. McNeil Insurance Services offers you this guide in navigating commercial insurance.
Types of Commercial Insurance
Commercial Property Insurance
This type of coverage protects your company’s property from damage or theft. It can also help cover the costs of repairing or replacing your property if it’s damaged in a covered event. You’ll need to have a detailed inventory of your company’s property so your insurance provider can assess the coverage you need. A T.D. McNeil Insurance Services agent can help you create a property insurance policy that fits your needs.
Commercial Auto Insurance
If your company uses vehicles for business, you’ll need commercial auto insurance. This type of policy covers the costs of repairing or replacing damaged cars in a covered event. It can also help protect you from lawsuits if someone is injured in a car accident while driving your vehicle.
Commercial Liability Insurance
Commercial liability insurance is a must-have for any business. This type of policy covers you if someone is hurt or your company’s activities damage their property. It can also help cover the cost of litigation if you’re sued.
Product Liability Insurance
If you sell products, you’ll need product liability insurance. This policy type offers coverage for the costs of lawsuits if the products injure a customer. Review your product liability insurance policy to make sure you’re fully protected against potential lawsuits.
Errors and Omissions Insurance
This type of policy protects your business if you make a mistake that costs your customer money. For example, if you give them the wrong advice or provide them with faulty products, this policy can help cover the costs of the resulting lawsuit.
If you’re looking for commercial insurance, contact the experts at T.D. McNeil Insurance Services in Folsom, CA.