Commercial Insurance Mistakes To Avoid

Vance Insurance Group LLC is an independent insurance agency. We work with multiple carriers throughout Oklahoma City, OK. We are committed to helping our clients find the coverage they need to protect their assets. We treat our customers like family. Developing these personal relationships allows us to provide custom policies.

Commercial Insurance Mistakes To Avoid

Operating a business is complex. You have to deal with a lot of responsibilities on a day-to-day basis. Commercial insurance is designed to alleviate some stress associated with operating a business. The policy covers any damage to your products and equipment. This includes any situations where you are a victim of theft. Commercial insurance also protects your business in liability situations. Perhaps one of your customers slips and falls in the parking lot of your Oklahoma City, OK property. Liability coverage will assist with the injured party’s medical treatment. Liability coverage also protects you if a customer alleges that your products caused them harm. Workers’ compensation protects you if one of your employees is injured in the workplace or there are potential workplace allegations. While looking over your policy, avoid these common commercial insurance mistakes.

Commercial Insurance Automatically Covers Remote Work

This is incorrect. Commercial insurance will not automatically cover any damages or other potential issues if you work from home on occasion. You’ll have to amend your policy to remain covered.

Small Businesses Don’t Need A Lot Of Coverage.

This is a common error that many small businesses make. You may assume that you don’t need a lot of coverage because your business doesn’t have a lot of assets. Imagine how difficult things would be if a natural disaster totaled your business and didn’t have the necessary coverage. You could lose everything. That’s why obtaining commercial insurance is critical to your long-term success.

Vance Insurance Group LLC Will Help You Protect Your Investment

Contact our office to learn more information about commercial insurance.