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Business Insurance

Business insurance is a fundamental aspect of risk management for companies across industries and sizes. It provides essential protection against various risks and liabilities businesses may face during their operations. It not only safeguards your assets but also helps maintain the continuity of your business. Understanding the nuances of different types of business insurance and tailoring coverage to your specific industry and needs is paramount for responsible business owners aiming to protect their investments and ensure the resilience of their operations.

How Are Commercial Insurance Rates Determined?

The following are some key factors that can influence the cost of business insurance:

  • Industry and business type
  • Business size
  • Coverage types and limits
  • Claims history
  • Geographic location
  • Risk management practices
  • Deductibles

What Types of Coverage Are Including in a Typical Business Insurance Policy?

The specific coverage and extent of protection can vary depending on the type of policy and the insurance provider. However, the following are some common types of coverage:

  • Property insurance may help cover repairing or replacing commercial property if it is lost or damaged due to a covered incident.
  • General liability insurance may help pay for damages and medical bills if the business causes a personal or advertising injury, property damage or bodily injury to a third party.
  • Commercial auto insurance may help provide coverage for vehicles owned by a business.
  • Workers’ compensation insurance may help provide wage replacement and medical benefits to employees who are injured or ill due to a work-related incident.

The following are additional coverage options an insurer may recommend:

  • Cyber liability insurance
  • Commercial umbrella insurance
  • Professional liability insurance
  • Directors and officers insurance
  • Product liability insurance
  • Business interruption insurance
  • Employment practices liability insurance


Contact Hammer Agency to discuss your business insurance needs. We can create a policy customized to your business.

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