Four problems businesses can avoid with commercial insurance

Commercial insurance is one of the most critical assets available to business owners in Reno, NV. If you have questions about commercial insurance, you can get the information you’re looking for from us at Hinman & Associates Insurance.

Carrying commercial insurance protects business owners from a wide range of potential problems. Here are four problems businesses can avoid with commercial insurance. 

Revenue losses due to business interruption

Events like natural disasters or equipment theft can cause business interruption that leads to lost revenues. This can be detrimental to a company if it leads to cash flow issues and challenges with covering operating expenses.

With business interruption coverage, companies can continue covering costs even if business operations are interrupted for an extended period. 

Legal expenses due to lawsuits

Business owners shouldn’t underestimate how expensive it can be to pay for legal representation in the event of a lawsuit against their companies. Fortunately, business liability coverage covers legal expenses if a company gets sued. 

On-the-job injury complications

Accidents happen even at the safest worksites. On-the-job accidents can be expensive for companies. Companies can be held liable for the resulting medical expenses. 

Fortunately, commercial insurance can cover costs that result from injuries on a company’s worksites so that such expenses don’t compromise the company’s future. 

Losses due to theft

You could face severe financial loss if your inventory or valuable company equipment is stolen. Commercial insurance can include coverage for theft so that you don’t have to worry about going out of business or experiencing significant financial problems at your company due to theft. 

Enjoy the peace of mind of having commercial insurance coverage that protects your likelihood. Get a quote on a policy for your business in Reno, NV by calling us or visiting us online at Hinman & Associates Insurance