As a business owner, you have invested a great deal of time and money into your company. You want to protect this investment the best way you can. For business owners, commercial insurance is an important way to do this. At CO Insurance Specialist serving Wheat Ridge, CO, we love to help business owners understand their options better. Keep reading to learn 3 ways commercial insurance protects your investments. 

What is Commercial Insurance? 

Commercial insurance is a special suite of insurance policies which are put together to help business owners protect their company and investments. You, as the business owner, are in a special risk bracket because you are the one who has invested the most time and money into your company. Problems can have a devastating effect on you financially. Commercial insurance is there to lessen this financial impact. 

What Does Commercial Insurance Cover?

Commercial insurance can be customized to address the special needs of each company, but in general commercial insurance will cover the following areas:

Property Damage- This coverage kicks in if there is any damage or loss to the physical property which houses your business. If you operate a brick and mortar location, you will want to look into this type of coverage. 

Vehicle Coverage- Many businesses must operate vehicles in order to conduct their business. Commercial insurance will cover the vehicles being used by your company as well as cover the operators of those vehicles. 

Liability Coverage- Liability coverage is very important for business owners. If your customers are injured at your location, or their property is damaged because of an employee or as a result of using your service, you could be held liable for costs or for legal fees. If an employee is injured while working for you, you could also be held liable for the costs of their injuries and expenses. Liability coverage will kick in to cover these expenses so that your assets are not put at risk. 

If you would like to learn more about commercial insurance, please contact our staff at CO Insurance Specialist, serving Wheat Ridge, CO.