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.