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Small business owners often wonder if they need commercial insurance. We offer commercial and personal insurance policies at Mid Atlantic Insurance Financial in Laurel, MD.
Do You Need Commercial Insurance?
Generally, the answer is yes if you think you may need commercial insurance. However, the type of coverage you need will depend on your business and the state you reside in.
In some cases, you may be legally required to have a specific type of insurance. In other cases, commercial insurance is simply a wise way to protect your investment in your small business.
Commercial Property Insurance
If you own or rent a property to conduct your business, you will need commercial property insurance. This applies to stores, manufacturing facilities, and offices.
This coverage protects the building structure and the property within the building.
General Liability Insurance
General liability insurance is a necessity for most small businesses. You are covered under this policy if someone is injured at your business. It also covers damage to other’s property while they are at your company.
This also covers damage that occurs to someone’s property during the delivery of a product or service.
Commercial Auto Insurance
If your vehicle is commonly used to perform duties related to your business, you may need a commercial auto policy. If you conduct a service with your vehicle, transport people or goods, or if you transport heavy or expensive tools.
Workers Compensation Insurance
Maryland law states that you must have worker’s compensation insurance if you have one or more employees. This policy protects you from liability if an employee is injured on the job.
Commercial Insurance with Mid Atlantic Insurance Financial
If you need commercial insurance in Laurel, MD, contact Mid Atlantic Insurance Financial. Our experienced agents will discuss your business needs and help you select the right policy for your needs.