Commercial insurance is one of the most important things that a small business owner in Emmaus, PA can invest in. At Patrick McNealis Insurance and Financial Group, we offer commercial insurance that protects a business owner’s livelihood and may be required by law in some cases.
It can seem confusing at first to purchase a commercial insurance policy because of all the different options and features available. The following are three commercial insurance features in particular that business owners may want to consider for their policies.
Business interruption coverage
Events could cause a company to temporarily have to close its doors. This could happen as a result of natural disasters or theft. Business interruption coverage compensates a company for profits that are lost as the result of a temporary closure of a company’s facilities.
Product liability coverage
Companies that produce and sell products can benefit from product liability coverage. Product production leaves companies open to possible lawsuits if customers claim that a product caused them physical injury or other damages.
Errors and omissions coverage
Companies that give professional advice or provide recommendations to clients as part of their everyday business operations could benefit from adding errors and omissions coverage to their commercial insurance policies.
This type of coverage compensates a company for expenses that result from legal defense costs if they are sued over such activities. Errors and omissions coverage is a type of professional liability coverage that is essential to companies that could be sued by clients for the advice or care they provide.
If you’d like to learn about insurance options available to you for your business in Emmaus, PA, get in touch with us at Patrick McNealis Insurance and Financial Group.
