Your drive and determination catapulted your business from an idea to a bona fide competitor in your industry. Over the years, you’ve honed your skills to develop your brand and protect your business from unknown risks. However, you’ve delayed getting all the commercial insurance you need to protect your business from financial losses. Ensuring that your company remains viable includes purchasing business insurance.
Commercial Auto Insurance
In business, the need to transport goods or services is a given. Many businesses rely on vehicles to transport products and services to clients. With each trip, employees run the risk of getting into a car accident, which could negatively impact your business’ finances if your employees are responsible for the accident.
Commercial auto insurance helps protect your vehicles. If you are in an accident, it’s likely that your insurance provider can help you get your car back on the road. Of course, you need commercial auto insurance to take advantage of protections your insurance company offers.
General Liability Insurance
It seems like businesses get sued on a daily basis. In fact, with more employees operating social media accounts, consumers have more opportunities to sue businesses with each status update or tweet. Lawsuits, even frivolous suits, can reduce your operating capital and threaten continual operations.
General liability insurance is the added protection you need when you are facing negligence. If you have a qualifying event, you can count on your insurance provider to help you overcome your legal problems by helping you cover some of the costs.
You rely heavily on your facilities. Whether you have an office downtown or you have warehouses that drop ship to customers, without each facility, your business wouldn’t be the force it is today. At any time, severe weather could compromise your facilities, leaving your business at a standstill.
Property insurance is a contract between you and your insurance provider. With the right coverage and continuous premium payments, you can recover from a qualified disaster. Many commercial property insurance policies cover natural disasters and man-made disasters.
As a business owner, delaying the purchase of insurance that helps protect your business can ultimately affect your company’s security. Regardless of the type and size of your company, you should purchase business insurance to get the added financial protections your insurance company offers.
Get the protection you need. Call McFarlin Insurance Agency at (410) 312-7800 for more information on Maryland business insurance.