With More than Twenty Five Types of Commercial Insurance, What Type Do You Need?

At eAdvisorPro Property & Casualty LLC, we understand wanting to protect your Oakland Park, FL business. It would be best if you did so with the right insurance, which takes consultation with an expert.

Types of Commercial Insurance

When we say commercial insurance, we’re referring to a category of insurance that includes more than twenty-five policy types. Your business won’t need every one of them but will need specific policies. You’ll discover which ones your business needs by meeting with an insurance agent.

Most small businesses start with a business owners policy (BOP), which includes the four most common types of business insurance. These policies address liability, property damage, and business interruptions, such as tornados and fires.

Those businesses that don’t qualify for a BOP typically purchase all four policies separately. Depending on the type of business, you’d add to that with other, more specialized policies.

  • Medical personnel: Doctors, nurses, and other medical professionals typically add malpractice insurance. If they build medical devices, such as neural implants, dental implants, or prosthetics, they add errors and omissions (E&O) coverage.
  • Delivery businesses: Whether you ferry people or deliver pizzas, flowers, or something else, your company needs commercial auto insurance. It protects you with liability and property damage insurance.
  • Building owners: If you own a building and lease space in it to other businesses or maintain your business there, you’ll need boiler insurance. Even if the building has a modern heat pump instead of a boiler, you’ll still need this insurance. It reimburses you for repairing and replacing the heat and air systems, water heater, etc., in a building you own.

Contact Us for an Appointment

Those three examples illustrate the diverse landscape of commercial insurance. Contact eAdvisorPro Property & Casualty LLC, serving Oakland Park, FL, to find out which of the twenty-five types of commercial insurance your business requires.