As a business owner in Oklahoma City, OK, protecting your company from liability and injury claims should be a top priority. Getting commercial insurance from a reputable company like Vance Insurance Group LLC is one way to do this, ensuring your company and your employees are safeguarded. Below are some types of commercial insurance to consider.
Workers Compensation Coverage
Workers can sometimes get injured during work, requiring medical attention. Workers’ compensation ensures that medical bills are covered along with any legal fees if your business gets sued. Lost wages are also taken care of when employee injuries lead to lost work hours.
Commercial Auto Insurance
Commercial auto insurance is designed to cover businesses whose vehicles are used for work-related engagements. If your employees get into an accident, commercial auto insurance covers the costs of vehicle repairs and replacements.
Property Insurance Coverage
Property insurance provides coverage for business buildings and contents within them. This policy will also take care of expenses arising from such scenarios during a fire outbreak or natural disaster.
Cyber Liability Insurance
Cyber liability insurance protects businesses when data breaches arise. Items covered by this policy include customer notifications, retrieval of client data, and ransom fees. If you also get sued by your customers, this policy will take care of compensation claims and legal fees.
General Liability Coverage
General liability insurance covers the costs of injuries to customers, specifically medical costs and legal fees. If your business also encounters any libel damages, this policy will cater to the liability claims.
Business Owner’s Policy
Business owner’s policy merges general liability insurance and commercial property coverage into one, allowing you to enjoy the benefits of both under one cover. Items covered include damage to business property and injuries that occur at your business.
Professional Liability Insurance
If you operate a service-based business such as a legal firm, a medical practice, or an insurance professional, professional liability insurance is for you. It covers errors and omissions made during consultations and any liability that results from mistakes made.
For a chance to get any commercial insurance coverage in Oklahoma City, OK, contact Vance Insurance Group LLC today for a customized policy.