Should All Businesses Get Commercial Insurance?

If you own a business in Saint Paul, MN, you are likely to have an insurance policy to cover functions of your business. Companies come in different sizes, yet almost all of them sign up for insurance policies to cover their assets. The real question is if every business needs to get commercial insurance versus simply personal insurance plans. Regardless of the type of insurance you need, Rising Star Insurance will keep you covered.

The Need For Commercial Auto Insurance

If your business needs a large fleet of vehicles that are regularly used, commercial auto insurance would be the clear winner. If you have just one or a few cars that are used for occasional or non-essential tasks, you are probably better off with standard personal car insurance. Keep in mind; personal insurance typically won’t cover damage to products or personal injuries when transporting goods for business purposes.

Property Insurance

Property insurance is a class of commercial insurance that every small or large business should get. Not only would it cover damage done to your building in the event of a disaster, there are other more specific insurance policies for certain aspects of your business. For example, you can take out a policy to cover your boiler system, insurance to cover the windows in front of your store, or even builder’s risk insurance to cover damage during the construction of your new office.

Malpractice Insurance

Everybody has heard of malpractice insurance used for doctors, but it can also be applied to other professionals that are accused of making grave mistakes. High-class professionals like dentists, accountants, real estate agents, and others should consider malpractice insurance to cover lawsuits.

In reality, most businesses should have some kind of commercial insurance if your company is worth a significant amount. If your business operates in the Saint Paul, MN area, you may find what you need with Rising Star Insurance. Reach out to our agents to have all your questions answered.