Business Insurance in West Chatham, MA
Property damage, lawsuits and employee injuries can affect a company’s bottom line. Commercial insurance may help handle unexpected costs following such unforeseen events.
Who Should Consider Commercial Insurance?
Businesses of any kind may benefit from coverage. That includes freelancers, small business owners and large companies. Each industry faces different challenges. A retail store might deal with theft, while a contractor could be more concerned about accidents on the job. Home-based businesses may also need extra coverage that a standard homeowner’s policy doesn’t offer.
What Does Commercial Insurance Typically Cover?
Coverage depends on the type of policy you choose. Some options that your agent may recommend include the following:
- General liability insurance may help cover claims if someone is injured or their property is damaged because of your business.
- Commercial property insurance may pay for damage to buildings, tools or inventory from fires or storms.
- Business interruption insurance may help replace lost income and pay ongoing expenses if the business must stop operations temporarily due to a covered event.
- Workers’ compensation insurance may pay for medical care and cover lost wages if an employee gets hurt or becomes ill due to their job.
- Professional liability insurance may cover legal fees, settlements or judgments if a client alleges negligence or mistakes.
- Commercial auto insurance can help cover liability and damage to company vehicles.
How Much Does a Policy Cost?
Many factors influence commercial insurance rates, including industry type, workforce size, location, claims history and the types of coverage chosen. Generally, businesses in higher-risk fields pay more than those with lower risks.
Explore Commercial Insurance Policies
Get customized commercial insurance solutions with Cape Wide Insurance. Our team is ready to help you build a policy that meets your requirements. Contact us today to get started.