Does commercial cover liability? Short answer: No. It may be possible to get your liability and commercial coverage through the same provider, but commercial alone does not protect you against liability claims. When you call Bay Point Insurance, you will want to ask about getting both policies under the same package, but it’s not uncommon for business owners to shop around to get the best deal on commercial insurance from one provider and liability coverage from another.
Both are more or less equally important, depending on your industry and the scale of your business. There are of course businesses that only require one or the other, and if you’re running a small startup out of your garage, and not accepting visitors, you might not require either. But if you have a physical location, both are absolutely vital to the survival of your business.
Commercial simply covers the physical assets of a business. Anything contained within your Millersville, MD office or your warehouse or your garage will, in most cases, be covered by your commercial policy. This means everything from desks and laptops to pens and inventory.
Liability is there to make sure that you have a backup plan if somebody slips and injures themselves on your property or otherwise holds you in some way accountable for physical damages. A company without a liability policy is a sitting duck, and of course, without commercial insurance, a single fire or flood can be the end of your career as an entrepreneur.
If you run a business in Millersville, MD, call Bay Point Insurance and make sure that you are covered on both fronts. As they say: Hope for the best, but always plan for the worst.