Commercial/Business Insurance

Commercial insurance is one of the most important investments a business owner can make. It can be instrumental in protecting a business from potential loss caused by unforeseen and unfortunate circumstances.

Commercial insurance can provide valuable protection against such things as theft, property damage, and liability. It can also provide coverage for business interruption and employee injuries. A business owner who chooses to operate a business without insurance puts his enterprise at risk of losing money and property in the wake of an unfortunate event. In some situations, a business owner may even place personal money and property at risk by failing to secure adequate commercial insurance.

The most common types of commercial insurance are property, liability and workers’ compensation. In general, property insurance covers damages to your business property; liability insurance covers damages to third parties; and workers’ compensation insurance covers on-the-job injuries to your employees. Depending on your business, you may want additional specialized coverage’s. Listed below are some of the different types of business insurance.

Why do I need to insure my business?

The time you take to insure your business is just as important as the time you took to build it.

Insurance is one of the biggest precautions you should take to protect your business. Regardless of the size of your business, you are susceptible to all the same hazards as a homeowner, such as storm damage, liability or theft — but because more people come into contact with you through work, your chances of experiencing one of these at your place of business are greater. And if your company includes delivery or transportation vehicles, you have an increased risk through employees who are on the road.

Those who operate from home are not exempt from danger, either. A typical homeowners’ policy may provide only about $2,500 coverage for equipment related to your business, which is usually not enough in the event that you experience a loss. You also need liability coverage for any business-related accidents that may occur in your home.

We know how important your investment is to you, and we can insure your business needs through a variety of coverage’s, including property, liability, automobile and commercial umbrella. Don’t forget to consider any special endorsements and options, such as protecting yourself against employee theft.

Liability Insurance

Liability insurance covers injuries that you cause to third parties. If someone sues you for personal injuries or property damage, the cost of defending and resolving the suit would be covered by your liability insurance policy. A general liability policy will cover you for common risks, including customer injuries on your premises. More specialized varieties of liability insurance include:

  • Errors and Omissions Insurance
  • Malpractice Insurance
  • Automobile Insurance
  • Directors’ and Officers’ Liability Insurance
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Prime Insurance Agency
5 Victory Ln., Ste. 102
Liberty, MO 64068

816-479-0595 Local
816-479-0285 Fax

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