If you own a business in the beautiful state of Maryland, you will want to have a commercial insurance policy in place to protect your business as well as your inventory. Our agents at Knippenberg Insurance Inc. in Cumberland, MD know and understand that your business is your livelihood and they will help you to protect your business through an adequate amount of commercial insurance.
Is Commercial Insurance Required for Your Maryland Business?
In the state of Maryland, all drivers must have at least an auto liability insurance policy in place to be able to abide by state laws. This law includes all vehicles owned by a company as well as personal vehicles that are driven for business use. This type of policy will assist you or one of your employees to help pay the medical bills and property damage of someone you or they become involved in an accident with.
What Does Commercial Insurance Cover?
Commercial insurance covers a variety of different aspects of your business. For instance, if there is a security breach of your business’s computer system, a commercial liability policy will come in handy. It can help pay for any litigation and other things related to a cyber security breach.
Commercial liability insurance can assist you if an employee or a customer is injured on your business property. This type of policy will assist with their medical bills and lost wages if necessary. This can also protect you and your business if you happen to be sued for breach of contract, libel, or slander.
Property insurance is extremely important because it will help you recoup lost inventory if it is stolen or if it is damaged due to some sort of natural disaster, an act of vandalism, or even a fire. If you own the building that your business is housed in, this type of policy can also cover the structure of the building in case it is damaged or destroyed by one of these factors.
Give Us A Call
To create a commercial insurance policy that is best for you and your business, contact our trustworthy, experienced, and knowledgeable commercial insurance agents at Knippenberg Insurance Inc. in Cumberland, MD today!
