Having a business entails exposure to certain risks that can threaten your financial stability and the ability of your company to continue to grow. Commercial insurance is designed to cover many common incidences that can cause loss to your business. At Southern Risk Associates in Foley, AL, we can help you protect your business’s financial stability.
Entrepreneurs give a great deal of time and thought to plan the finances of their business. These plans can be upended by unforeseen events, such as damage from a storm, a halt in production, or an unexpected lawsuit. Without insurance, you would have to pay for these costs out of your revenues, which can seriously hamper your business’s future. Commercial insurance provides cover for various losses so that you can keep your business on track for growth.
General liability coverage protects you against lawsuits from customers who may be injured on your property and damage to property. Most states require workers' compensation insurance to cover injuries sustained by workers while on the job and loss of wages if they cannot work. Property insurance protects you against damage from weather events and accidents that cause damage. Commercial auto insurance may be needed if you use vehicles in your business. Malpractice insurance and coverage for “errors and omissions" are necessary for many professionals. Insurance for key personnel can protect against losses when key individuals can no longer contribute to the business.
If you have questions regarding commercial insurance for your business, our experienced agents can help you determine the right policies for your needs. We provide a broad range of insurance products, including home, auto, motorcycle, recreational vehicle, and business. Contact Southern Risk Associates today for a free, no-obligation quote on commercial insurance coverage for your business.