How commercial insurance can save your small business

Small businesses comprise more than 99.9 of all businesses in the United States according to the Small Business Administration. Owning a small business is part of the American dream and commercial insurance can help keep that dream from becoming a nightmare. Small businesses are much more vulnerable to risks than larger businesses and the rate of business failure is high. At Smith Insurance Agency of West Virginia in Kingwood, WV, we are a locally owned independent agency that places the needs of our clients first. 

Commercial property insurance

Commercial property insurance protects your business location. But it is about more than the building, it is also useful for those that rent their business location or work out of their home. It protects your office equipment, your inventory, your raw materials, and your machinery or tools. It can be a lifesaver if your business is stricken with a covered hazard. 

Commercial auto insurance

If your business owns even one vehicle, you need to have commercial auto insurance. Keeping your personal and business accounts separate is important and most personal auto insurance won’t cover your vehicle if you are using it for business. 

Commercial liability insurance

Small businesses are vulnerable to legal suits. Legal action against your business by a client, a vendor, or a former employee can drive you out of business if you don’t have enough commercial liability insurance. This may be the most important coverage of all given the number of suits filed every year and the expense of defending your business. 

Business interruption insurance

When a covered hazard closes your business, this insurance will help you to meet your regular expenses while you have no income. It can make the difference between closing your doors and surviving. 

Contact Smith Insurance Agency of West Virginia in Kingwood, WV with your small business commercial insurance needs.