Manage Risks Through Commercial Insurance

​Commercial insurance helps business owners protect their businesses as well as their employees.  Since no business is the same as the next, there is no one-size-fits-all insurance policy for business owners. Having said this, people who run a company should take into consideration the different factors listed below to determine what type of insurance coverage they need and how much it would possibly cost:

1. ​location
2. the number of employees they have
3. how long has their business been running
4. the business’s gross annual revenue
5. does the company own or rent any vehicle
6. do they own, lease, or rent the building or facility where they operate from

 
Construction and Contracting Business
By availing commercial insurance, business owners can feel less stressed and can gain peace of mind. For those in the construction and contracting business, the work environment involves some of the most diverse and precarious work. For instance, if the company has storefronts which clients can visit, it is inevitable to experience a mishap, or generally something wrong happens to the client, their medical expenses can become the company’s responsibility. 
 
To address a potential risk like that, business owners can opt for general liability insurance which generally covers accidents, injuries, and even some work mistakes. Such protection from commercial insurance for contractors and trades can help the business mitigate further risk and surpass quite an expensive setback. 
 
Hotels and Restaurants
In the hospitality industry, one’s business relies heavily on providing high levels of service. To protect that business, investing in commercial insurance intended for hotels and restaurants is the way to go. Regardless of how big your hotel or restaurant is, you will surely be able to find commercial insurance that will help you protect what you earn if for some reason something goes wrong. 
 
Theft insurance is one of the most common, and this usually covers loss of your stocks from theft, even if just attempted, actual assault, or if it was due to a threatened encounter. Apart from the usual policy coverage, you may also look at business-specific coverage like for instance the innkeeper’s insurance. 
 
That is why getting commercial insurance is a convenient way to keep your business safe from the unforeseen, and you can preserve what you have worked so hard to establish.
 
At Desmond Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (859) 491-5100. Get your free quote today by CLICKING HERE.