Four things you shouldn’t assume about commercial insurance

If you own a Glen Allen, VA business, we can help you insure it at Everett Insurance. It’s essential that you’re not misinformed about commercial insurance to make the best possible coverage decisions for your company. 

The following are four things you shouldn’t assume about commercial insurance. 

You don’t need workers’ compensation coverage.

Workers compensation is required by law in many situations. You can’t operate under the assumption that this type of coverage is always optional.

Not only is workers’ compensation coverage often required by law, but it is also very beneficial to your employees. You can demonstrate your concern for your employees by purchasing workers’ compensation coverage to protect them financially. 

You don’t need to know how to file a claim in advance.

It’s best to fully understand the claim filing process when you buy your policy. Filing a commercial insurance claim can be stressful. Knowing how the claim process works in advance can minimize the stress you experience when filing a claim down the road. 

You don’t need commercial auto insurance if you already have personal auto insurance. 

Your personal auto insurance won’t cover your vehicles for commercial activities. You need commercial auto insurance coverage if you use your vehicles for business operations. 

You don’t need to make any changes to your commercial insurance once you select a policy.

Your company is likely to grow and change as time goes on. This makes it important to periodically reevaluate and update your commercial insurance policy to ensure that your company’s coverage needs are being met. 

Everett Insurance offers commercial insurance policies to Glen Allen, VA business owners. Call us today for a quote.