Ways commercial insurance protects a small business

Small businesses are the backbone of the American economy. In West Virginia, 87% of the businesses have fewer than 20 employees. Any business is vulnerable to a variety of risks, and small businesses are particularly vulnerable. Identifying those risks and taking the proper actions to mitigate them is the best thing you can do to protect your small business. At Pro Insurance Group in Follansbee, WV, we have 60 years of experience providing our customers with the best choices and personalized customer service. 

Property protection

Commercial property insurance offers coverage against a variety of different perils. It protects the building your business is housed in, but it does more than that. It protects your machinery, office equipment, inventory, and all the things you need to conduct business. With this coverage, you will be able to repair or replace what you need to keep your business running. 

Income protection

Business interruption insurance can make the difference between your business surviving and having to close its door. When a disaster strikes, you may lose all income, but unfortunately, the liabilities you have don’t stop. Bills need to be paid, payroll, taxes, and even your own paycheck. Income protection insurance can pay for rent if you need to move into a temporary building to continue to do business. Read the policy carefully to be aware of the exclusions. 

Employee protection

In West Virginia, businesses with 3 or more employees are required by law to carry workers’ compensation. This pays for employees who are injured in the performance of their employment. 

Legal protection

Commercial liability insurance protects your business from legal action against your business. It can be from someone who was injured while visiting your business or by a product you provide, or a service that failed to meet a client’s expectations. It covers not only judgment but also legal expenses in your defense. 

Contact Pro Insurance Group in Follansbee, WV when you are in the market for commercial insurance. 

3 Ways Commercial Insurance Protects Your Business from Disasters

As a business owner, you face several challenges in keeping your business running. Natural disasters are part of those challenges. By protecting your business with commercial insurance, you’ll have the financial support you need to recover from a major disaster. Here are just a few ways commercial coverage from Pro Insurance Group can protect your Follansbee, WV enterprise from disasters.

Property Coverage

Property coverage protects your business building, equipment, and inventory against disaster damage or loss. This financial compensation will enable you to repair your building and replace damaged equipment or goods to recover quicker from a disaster. Most commercial policies in West Virginia offer protection against fire, severe rain and wind storms, blizzards, tornados, and other disasters common to the state.  

Business Interruption Coverage

If your business has to close temporarily due to disaster damage, you could lose valuable revenue essential to your business operations. Business interruption insurance covers lost revenue, payroll, bills, taxes, and other operating expenses during your closure to help sustain your business until you can reopen. It can also help you relocate your small business temporarily while your original location is being repaired.

Commercial Flood Coverage

West Virginia is no stranger to flooding. The state’s mountainous terrain makes it susceptible to flooding due to rising river waters after heavy downpours. By protecting your business with commercial flood coverage, you can be prepared for flood disasters. Flood policies protect your business building and its contents to safeguard your enterprise against the risk of flood damage.

Natural disasters can happen anywhere and at any time. Smart business owners will be prepared with the right insurance coverage suited to their business needs. To purchase commercial coverage for your Follansbee, WV business, contact Pro Insurance Group’s insurance experts today.

Why should I get commercial insurance?

Owning a business is a dream for many people. If you would like to own a business, coming to the Follansbee, WV area is a great idea. If you do come here to start a business, there is a lot of chance for opportunity and success. At the same time, some risks come with owning and running a business. Due to this, you should get commercial insurance as it could mitigate this risk in many different ways. 

Insurance Protects Business Assets

One reason that you should get commercial insurance is that it can protect all of your business assets. If you are going to start a company, you will need to invest in equipment, inventory, and other assets that are needed to grow your company. If you get proper insurance, it can protect all of these assets and ensure you have the capital to repair or replace them if you do incur a loss.

Insurance Offers Liability Protection

Another reason that you should get this insurance is it will give you liability protection. A business that offers any form of product or service will be taking on some liability risk. The best way that you can mitigate this is by getting liability insurance. This will give you protection in the event a claim against you is filed. 

As you are looking for commercial insurance in the Follansbee, WV area, you should speak with the team at Pro Insurance Group. If you do call Pro Insurance Group for your commercial insurance needs, you will receive the professional service and advice needed to choose a quality policy. The team here can carefully assess your business needs to ensure you get into a policy that provides the right type of protection.