Who Needs Commercial Insurance?

Owning a business is a dream for many people, but also comes with a lot of responsibilities. For those in the Fort Payne, AL area, one responsibility that they will have is the need to get commercial insurance. There are several types of businesses and situations in which having commercial insurance is a practical necessity.

Those with Employees

The first group of people that will need to have a commercial insurance policy are those that have employees. Depending on the type of business you are in and the number of employees that you have, you could be required to have Workers Compensation Insurance. This part of the commercial insurance policy will provide you and your employees with protection in the event they are injured while they are working on the job. It can cover medical bills, costs due to being out of work, and other expenses.

Those that Produce a Product

Another type of business is one that produces a product.  If you produce a product that will then be used by a consumer, you are taking on some risk every time your product is used.  Even if you place a warning label on your product, you could be found liable if your customer is hurt or becomes sick due to the use of your product.  If you have a commercial insurance policy in place, you will receive coverage in the event that you are found liable for an injury or illness and are sued.  

Since it can be incredibly complicated to figure out your commercial insurance needs, all Fort Payne, AL area residents would benefit greatly by speaking with Attain Insurance first.  Attain Insurance is a company that specializes in providing commercial insurance to businesses and will be able to help you better understand your commercial insurance needs.