Find out how much you'll save on your insurance today. Call 843-951-9099 now!

Business Insurance

Commercial insurance is the key to running a successful business. Commercial insurance protects companies, including owners and their staff. It helps protect your earnings by shielding you from unexpected, disastrous costs such as after a natural catastrophe or litigation.

For a fast Business Insurance quote call (843) 951-9099 now!

Commercial Insurance

Commercial insurance isn’t a single thing. To put it simply, it is a blend of various forms of coverage designed to meet your company requirements. Commercial insurance has the following types of coverage:

  • Commercial Vehicle Insurance: Ensures business vehicles, including personal vehicles used by staff on official duty.
  • Commercial Property Insurance: Insures a building against damage.
  • Liability Insurance: Covers the expenses of hiring a lawyer and making a settlement.
  • Directors & Officer’s Insurance: Covers the legal expenses of directors and high-level staff.
  • Inland Marine: Insures portable equipment such as lawnmowers and cameras.
  • Workers’ compensation: covers medical expenses for your staff if they are injured while working.

Who needs commercial insurance?

Commercial insurance is not legally required by law for startups. However, it is vital if you want to operate a sustainable company.

If you are looking for financing from banks or investors, they will probably need you to have commercial insurance. They want to ensure that they can recover their investment even during a catastrophic event. Company insurance gives them peace of mind.

If your company operates in a litigious or dangerous sector, you must have commercial insurance to cover those significant risks.

Builder’s Risk Insurance

This type of commercial insurance covers the expenses for replacing, repairing, or recovering the construction site’s present value. Builders risk insurance includes various forms of claims such as fire, theft, labor expenses, and natural disasters.

Is it a requirement to have builder’s risk insurance?

When there is financing to a construction project, most lenders will want a builder’s risk cover to be in place before construction starts. However, if the owner funds the construction project of the building or builder, proof of the builder’s risk policy is not necessary.

What is covered by builder’s risk policy?

This cover protects a building site and almost everything adjacent to it, including the real structure and construction necessities. The most significant contrast between policies is what they insure against, such as blasts, fires, and dropping objects.

For a fast Business Insurance quote call (843) 951-9099 now!

Here are the three types of builder’s risk policy:

  • Basic: covers against the wind, fire, blasts, lightning, and more
  • Broad: covers everything included on the basic policy on top of some additions such as water damage, dropping objects, and several more
  • Special: covers theft as well as everything in basic and broad policies

Business Owners Policy Insurance

BusinessOwners Policy Insurance is a policy that enables companies to combine different types of coverage into one suitable package.

This type of policy is designed for companies with the same kind of risks and is most convenient for small and medium-sized ones. However, big companies also purchase BOP policy and modify it to fit their requirements.

What is covered by business owners policy insurance?

A typical company needs different types of property and liability insurance. Based on the risks you face, you either qualify for this policy or not. Here’s what BOP covers under this policy:

  • Property: The building and everything in it
  • Other people’s property: If your company provides repair service
  • Interruption of business: Lost earnings and staff wages while rebuilding after a catastrophe
  • General liability: Whenever your company faces a lawsuit
  • Employee dishonesty: In the event, a member of staff steals from the company

What is not covered by business owners policy insurance?

Each of the following requires a separate insurance policy:

  • Terrorism insurance
  • Disability and health insurance
  • Auto insurance
  • Professional liability
  • Workers compensation

Commercial Auto Insurance

Commercial auto insurance is a type of commercial insurance that covers company vehicles from liability and physical damage. This type of policy covers a wide range of business vehicles, from company cars to commercial trucks.

For a fast Business Insurance quote call (843) 951-9099 now!

What is covered by commercial auto insurance?

  • Auto liability: covers you and your business by paying for property damage and bodily injury caused by an auto accident that makes your company liable.
  • Collision coverage: covers physical damage to your vehicle, whether you hit an object or another car.
  • Comprehensive coverage: covers for damage to your vehicle arising from vandalism, theft, fire, flood, and other insured risks
  • Medical Payments: Covers medical expenses to staff and passengers involved in an accident no matter who is at fault
  • Uninsured and underinsured motorist coverage: Covers medical costs and sometimes property damage caused by an uninsured or underinsured driver

Commercial General Liability Insurance

This type of commercial insurance protects your company if sued for causing bodily injury or property damage. Commercial general liability insurance is one of the most vital policies as a liability claim may be overwhelming to your company.

What does commercial general liability insurance cover?

This type of policy protects your business from the following:

  • Bodily injury: When someone sues your company for getting injured within your business premises
  • Property damage: When your staff damages third-party property
  • Advertising injury: When your business competitor claims you copied their advertising
  • Reputational harm: When someone sues your company for slander or libel

Commercial Property Insurance

This type of commercial insurance covers things in a building such as inventory, equipment, and clients’ possessions if they get lost or damaged.

For a fast Business Insurance quote call (843) 951-9099 now!

What is covered by commercial property insurance?

It covers all the material things that make up your company. Therefore, coverage depends on the type of business you operate. Based on the region, the following are the types of coverage often included in commercial property insurance:

  • Theft
  • Fire
  • Tornado
  • Hurricane
  • Wind
  • Hail
  • Flood

Commercial Umbrella Insurance

This policy gives you additional liability coverage to help cover expenses that surpass your general liability insurance. Without this type of commercial insurance, you will have to incur the costs that exceed your policy limits.

What is covered by commercial umbrella insurance?

This policy covers the same type of expenses as general liability insurance, such as lawyer fees, medical costs, when your business is in a lawsuit.

Quote Business Insurance and beat your current insurance carriers price!


Get a quote or Call (843) 951-9099

Let’s see how much you can save.

843-951-9099

Let’s see how much you can save.
843-951-9099

download apple app download google play app