Starting a business is a large, expensive venture, no matter what industry you plan to join. If you plan on starting a business, you will need a reliable and affordable business insurance policy.

At Anthony Mercado Agency, we work closely with business owners to compare quotes and evaluate risks so we can pair you with the best business insurance policy for your company. We will work one-on-one with you to protect your hard work.

What Does Business Insurance Cover?

Business insurance covers a variety of dangers that face businesses across industries. Some common and useful business insurance coverages offered through Anthony Mercado Agency include:

Liability Coverage

Liability insurance policies cover claims filed against your business due to a variety of accidents. The most common liability policy is general liability. General liability insurance covers basic accidents concerning bodily injury, property damage and personal and advertising injury.

If someone slips and falls inside your business, for example, general liability insurance can cover the victim’s medical bills as well as protect your business against a related lawsuit.

Additional liability coverages include:

• Professional Liability: This covers accidents of professional negligence that may cause clients to lose money.
• Product Liability: This covers bodily injury and property damage your business’ products may cause someone else.
• Umbrella Liability: This fills in the gaps left by your other liability insurance policies. If your general liability policy reaches its maximum limit for a single claim, for example, umbrella liability will step in to cover the remaining expenses.
  

Commercial Auto Insurance

Many businesses use vehicles to transport equipment, clients, travel between work sites and more. These vehicles may need commercial auto insurance. A full-coverage policy can cover vehicles used or owned by your business for work purposes with comprehensive coverage, collision coverage, liability, medical payments coverage and uninsured/underinsured motorist.

Hired or Non-Owned Auto insurance provides coverage for vehicles borrowed but not owned by the business, such as employee vehicles.

Workers Compensation Insurance

The key to any good business is a dedicated workforce. Workers compensation helps protect your employees in the event of workplace injuries. This insurance can help pay for items such as medical bills, disability benefits and wage replacement.

Insure Your Business Today

Protect your business’ assets with a comprehensive and affordable business insurance policy. Call Anthony Mercado Agency at (610) 530-2001 or fill out an online quote form to get started.

Common Business Insurance Questions:

How Does Business Insurance Work?

Business insurance is similar to other policies in that you (the business owner) pays monthly premiums in return for coverage. Instead of covering a home or a personal vehicle, however, business insurance works to cover people, locations and objects related to a business. So long as a business insurance policy is active, you can file a claim for losses or damages related to the business.

What Insurance Do I Need For A New Business?

Every new business is different. General liability and commercial property insurance policies are the most common types that new businesses may purchase. Your needs will differ depending on your industry, however. So, be sure to speak with an insurance agent about your business’ needs.

Do I Need A Business License To Get Business Insurance?

In some cases, you may need business insurance in order to obtain a business license. If you need a license for a certain industry, you may be required to first purchase business insurance.

When Do I Need Business Insurance?

Ideally, you should purchase business insurance before opening your doors. This way, you can be covered from the moment people step inside or purchase a product.