There can be a lot of details to consider when starting a new business. From choosing a location to setting up advertising, there are plenty of things to do.  In the middle of considering everything, however be sure to consider your commercial insurance needs.   

Commercial insurance actually includes several different types of insurance that are used by businesses.  This can include commercial auto insurance in which a policy is written specifically for company-owned cars and/or vehicles that are being used on a part-time basis for a business.  Another common coverage is commercial property insurance that insures the structure of a store, office, or manufacturing facility along with the contents of the building.

it can be difficult to know when it’s time to invest in commercial insurance, however. Any business that has assets such as inventory or heavy equipment that cannot be easily replaced needs to have this coverage.  In fact, most small businesses start with small commercial policies that cover large equipment and their inventory.  Eventually, these policies can be expanded to include additional assets, umbrella insurance, and other coverage.

Commercial auto insurance should be added as soon as your company has a dedicated car that is used for the business. Standard auto policies rarely cover vehicles that are being used primarily for a business, making it a bad idea to simply rely on a personal policy or the personal policies of your employees.

If you think it’s time for your business to make the investment in a commercial insurance policy, then call the agents at NY Twin Bridges Insurance Agency. They have years of experience helping their business clients find the policy that is right for them.