Business Insurance
Having the proper business insurance coverage at an affordable rate can make the difference between the success and failure of your business. Allow our commercial insurance experts to help guide you to success.
What is Business Insurance?
Protecting your business starts with the right insurance. Business insurance is a broad term that covers various policies designed to safeguard your company from financial losses and ensure continued operations. Whether it's a lawsuit, natural disaster, employee injury, or the unexpected loss of a partner, having the right coverage in place helps minimize risk and protect your investment. Procuring proper insurance is essential for the long-term success of your business. At Mile Square Insurance Agency, we work with you to secure an affordable, comprehensive insurance program tailored to your company’s size, industry, and unique needs.
Major Types of Business Insurance
- General liability insurance:
Covers third party liability claims for injuries to other people.
- Professional liability and malpractice insurance:
Covers professionals against loss due to negligent professional duty, wrongful acts, and advice and services that lead to another person’s loss or injury.
- Product liability insurance:
Covers against faulty products and damage, illness, injury or death that may occur from using a faulty product.
- Umbrella and excess liability insurance:
Protects the company’s assets from large third party claims not sufficiently covered by primary policies.
- Property insurance:
Covers loss and damage to your commercial business property due to fires, storms and other causes.
- Flood insurance:
Covers property against accumulating water caused by storms or other unexpected inundations.
- Commercial vehicle insurance:
Covers commercial vehicles and drivers for collision, liability, property damage, personal injury and “comprehensive” (now known as “other than collision”).
- Workers compensation:
Covers your employees if they become ill or injured while working on the job.
- Employment Practices Liability Coverage:
Covers against lawsuits from applicants and/or employees alleging discrimination or an unfit work environment
- Loss of income:
Covers your business expenses such as rent and employee wages if you can’t operate your business.
- Cyber-crime insurance:
Provides protection for risks due to Internet use and online communications.
- Director’s and Officer’s Liability Coverage:
Protects the personal assets of the company’s leaders in the event of litigation alleging improper running of the company
Contact us to learn more about the right business insurance for you.
Get a business insurance quote