Different Types of Commercial Insurance to Consider

Besides general liability and workers compensation insurance, there are a number of other insurance policies that can benefit a business in Longmont, CO. Each business has its own unique set of risks, so it can be hard to determine which each business needs to protect. An agent at 1st American Insurance Agency can help you with these different types of commercial insurance polices.

Business Interruption Insurance: This can help your pay for any lost income your business experiences if external forces will cause you to close for a short time. This will help keep your business afloat so you won’t suffer a huge financial loss.

Accounts Receivable Insurance: This policy will help cover your business against losses due to the inability to collect customer payments.

Crime Insurance: Use this to protect your business from any losses related to crime, such as forgery and theft. 

Cyber Liability Insurance: This will protect your business from costs and damages that are related to computer system, data breaches, electronic data, and computer attacks.

Equipment Breakdown Insurance: This is used to protect your business from damages related to electronic, computer, and mechanical equipment breakdowns.

Additions to Property Insurance: Many businesses have property insurance but property insurance can only cover so much. There is debris removal insurance to cover the cost of removing debris after a flood, windstorm, or fire. Property insurance can cover the cost of rebuilding but not removing the debris. Glass insurance can cover plate glass windows and broken store windows. Builder’s risk insurance will cover buildings when they are being constructed.

Directors and Officers Liability Insurance: This insurance is used by non-profits and corporations, in order to cover the cost of lawsuits against officers and directors.

Contact 1st American Insurance Agency, serving Longmont, CO, to get a quote on commercial insurance.