Commercial Insurance For Businesses In Kentucky
Commercial insurance, or business owner’s insurance, provides risk management protection for companies that are unable or unwilling to self-insure their business risks themselves. As with individual coverage, policies and what is covered by different kinds of commercial insurance vary widely, and what each company needs as coverage depends on what business they are in, as well as what losses would be most devastating to the going concern of the firm.
Delivery-based businesses, for example, would want to get commercial vehicle coverage before or instead of any other kind of commercial coverage, as normal business insurance does not cover automobiles. This will cover not only damage to the company’s car in the case of an accident, but also coverage for any liability that the company’s employee driving the car may incur, including being at fault for a car accident and being sued in civil court for negligence or a similar accusation.
On the other hand, firms that are invested heavily in fixed assets and/or expensive equipment and heavy machinery might be best served by paying the premiums for a business insurance policy that not only covers replacement costs for broken or intentionally damaged assets, but also pays a portion of the lost income during the necessary repair period. Some business policies even provide for the gradual depreciation and eventually replacement cost of old, outdated property, plant, and equipment.
Some natural disasters are covered under business policies, but others may need to be purchased one by one, depending upon the risks inherent to the location the business operates in. Any business that is in a high-risk location needs to start looking for commercial insurance today. Coverage procedures vary widely for natural disaster insurance, and the company may want to pay a bit higher premiums for a policy that will replace a portion of lost income due to the disaster, as well as all clean-up and repair costs associated with the unforeseen and unpreventable events.
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If you have a business big or small in the state of Kentucky than you need to let one of our agents who are experts help you cover exposures at an affordable cost. We understand what it’s like having a small business and trying to make ends meet and paying employees and paying yourself but insurance is one of things that you are going to eventually need if you own a business. One lawsuit is all it takes and if you are not covered you and your business will go down. Our agents will make sure that won’t happen to you and they will go over everything you need and why line by line and they will get it to you at the best value and we will meet you where you are at with your business. Just click the button below and one of our agents will be contact with you shortly.