Commercial insurance protects businesses and corporations against risks that may threaten their success. Generally, commercial insurance coverage aims at protecting the business, its ownership, and the workers. If you are a business owner in Nevada, you should consider purchasing commercial insurance from Valley West Insurance. This can help you protect your business against unforeseen risks.
Commercial property insurance covers the physical assets from explosions, fire, burst pipes, vandalism, storms, and theft. Typically, floods and earthquakes are excluded from a standard commercial insurance policy unless those perils are added. The value of the business assets determines the premium payments. Premiums are also determined by other factors like business location, construction of the building, and the business industry. Commercial property insurance covers computers, exterior signs, essential documents, inventory, furniture and equipment, and fence and landscaping.
Workers' compensation insurance covers medical care and loss of income if they cannot resume work and lawsuits by workers hurt while working. Workers receive benefits irrespective of the person at fault in the accident. If an employee dies while working, death benefits are given to the employee’s dependents.
A standard commercial general liability insurance policy offers coverage for bodily injury and other physical injury claims, advertising injury, and property damage caused by the business's premises, products, or operations. The policy can be offered as a package policy with other coverage like crime, property, and automobiles, among others. Commercial general liability insurance enables a business to continue operating while facing fraudulent or real claims or wrongdoing or negligence. These policies also offer coverage for defense and claim settlement costs.
As a business owner in Nevada, you should consider purchasing commercial insurance for your business. Commercial insurance is paramount to both organizations and employees as it enhances a business's success. If you need advice on this type of insurance, contact Valley West Insurance for commercial insurance packages and other customs coverage.