Business Insurance Overview
Business insurance, or commercial insurance, exists to protect your business.
Some types of insurance that fall under business insurance include:
- Commercial (Business) insurance
- Commercial property insurance
- Equipment breakdown insurance
- Commercial general liability insurance
- Professional errors and omissions insurance
- Professional liability insurance
- Business Interruption Insurance
Business insurance coverage is available for a wide variety of professional occupations and an even wider variety of trades, services and retail establishments such as:
- Manufacturing & Processing
- Contractor Insurance
- Construction & Surety Bonds
- Course of Construction
- Directors and Officers
- Equipment Breakdown
- Errors and Omissions
- Oil, Gas & Energy
No matter what your business, or its size, talk to an Armour professional to find the product that best fits your business. Armour takes great care to match, or create, tailored products to meet your needs. We work to find the best commercial insurance coverage for you and your business.
Business insurance is a contract between the business owner(s) and an insurance company. The business policyholder(s) pay a set premium, and the insurance company agrees to pay for any related losses as specified in the commercial insurance policy.
Do I Need a Business Insurance Policy?
Can your business sustain a fire loss on your building, its inventory, or a law suit? Commercial insurance is likely an important part of your business's success should you have a claim or loss. The effect of a financial loss can be minimized with the proper insurance in place - we can help you review your insurance needs.
Commercial Property Insurance.
Commercial property insurance insures; building coverage, contents coverage, equipment, and stock coverage against physical loss or damage. Business Interruption coverage, which can offset income lost while you're shut down. You might need to shut down to reestablish your business in the case of an insured loss or extra expenses. Equipment Breakdown covers expenses associated with machinery and equipment break-downs.
Commercial General Liability Insurance (CGL).
Commercial general liability insurance will protect your business in the event that you are sued for completed operations, bodily injury, personal injury, or property damage.
Commercial general liability insurance is not Professional Liability insurance (errors and omissions). Professional liability Insurance is excluded from your CGL.
Errors and omissions, professional liability insurance.
This type of insurance is important for professionals who work with clients that could say that something you, or your company, did on their behalf was done wrong. They can claim that the results cost them money or caused them harm.
With offices in 5 Locations we are pleased to review your insurance needs. Get business insurance commercial property and general liability quotes today.