A lot of people are confused when they think of commercial insurance. They wonder if there are different types, and if so, they wonder what types they need. Thankfully, TAB Insurance Agency, LLC serving the Frisco, TX area has put together a helpful guide to help you understand the different types of commercial insurance.
Business Owners Policy
One of the most common types of commercial insurance can be seen in a business owners policy. Commonly referred to as a BOP, this type of insurance serves a very important purpose — to protect the business interests of its owner. This type of policy is generally very affordable, especially when pairing it with other types of coverage.
Business Property Insurance
With business property insurance, you can rest easy knowing you will likely be provided compensation if your business property was to be damaged. Most policies will provide varying coverage for your business’ building structure, any documents, inventory, and machinery. It is crucial to look over the exact terms and conditions of the policy to ensure you are obtaining the type of coverage you are in need of. Most business property insurance policies can be customized to meet your unique needs.
Commercial Auto Insurance
Many business owners use separate vehicles from their personal vehicles to carry out business-related activities. If this applies to you, then you need to invest in a commercial insurance policy that provides commercial auto coverage. You can add everything from cars to work vans to this type of policy.
Want to learn more about commercial insurance options? If so, contact the TAB Insurance Agency, LLC serving the Frisco, TX area.