At Max Insurance LLC, serving the greater Des Moines, IA area, we have had many small business owners approach us with questions pertaining to commercial insurance. It is not uncommon for business owners to think that one commercial insurance policy will meet all of their business needs. However, the term commercial insurance refers to many insurance products, not just one.
Here are a few of the most common types of commercial insurance products:
Commercial Property Insurance
One of the most common types of commercial insurance products is commercial property insurance. If you own a commercial property, you should have commercial property insurance. This type of insurance is pretty similar to home insurance, except for the obvious that it applies to a commercial building and not a home.
Commercial Auto Insurance
Another common type of commercial insurance product is commercial auto insurance. If you own one or more vehicles that are used for commercial or business reasons, you need to purchase commercial auto insurance. Just like standard insurance, there are different types of commercial auto insurance, including comprehensive and collision.
Business Interruption Insurance
The final common type of commercial insurance product that is sold is business interruption insurance. There are many reasons why your business may be interrupted, including a burst pipe in your building, a natural disaster, or a health pandemic. If your business has to shut down, business interruption insurance helps to provide money so you can continue paying your employees, your rent, and other bills your business may have when your business is forced to be closed.
Contact Us Today
Every business is different, and as such, the insurance products that one company may need can vary from the insurance products that another company may need. Here at Max Insurance LLC, we can help Des Moines, IA business owners find the best commercial insurance products for their needs. Call or email us to learn more or to obtain new commercial insurance policies.