Being a small business owner comes with risks. Different types of businesses have different risks. Commercial insurance is not one product but a combination of products designed to mitigate risks your particular business faces. A restaurant won’t have the same risks as a construction business or a small machine shop. At Rock Insurance Agency Inc. in Medford, NJ, we believe getting to know our commercial clients personally helps us to design the policy they need to save their small business from the results of all the risks out there.
A peril hit your business.
It happens. There are so many perils out there. If one of them hits your business, it could cause your ability to function to cease. That would be very bad for a small business. With the correct commercial property insurance, you would be able to repair your business location. It can help repair the building and the other things you need to do business, replace machinery, inventory, and raw materials. It could certainly save your small business.
You need to pay your bills.
When a covered peril hits your small business, your income will cease. Unfortunately, your bills won’t stop. Your business has financial obligations that must be met. Business interruption insurance can make the difference between closing your doors permanently and being able to survive. It can provide funds to pay bills, rent, payroll, and other necessary expenses you normally get from revenue.
Legal action against you
Small businesses are easy targets for legal action. It can be from someone injured visiting your business, an unhappy client, or even a disgruntled employee. Commercial liability insurance can pay for a judgment and also for legal expenses. If you had to pay these fees out of pocket, your business might not survive.
Contact Rock Insurance Agency Inc. in Medford, NJ for all your commercial insurance needs.