What Kind of Commercial Insurance Policy do I Need

If you are in Denver, CO or the surrounding areas and own a business, you are putting the longevity of your company at risk if you are not covered by a commercial insurance policy. A commercial insurance policy will limit your liability and risks for potential lawsuits, injuries, advertisement claims and much more. 

Workers compensation insurance is mandatory in Colorado for all employers that have a minimum of one employee, whether the employee(s) works part or full-time. A commercial insurance policy- while not mandatory by law- is highly recommended to protect your business. AFI Insurance agents can help answer questions you may have about purchasing a commercial policy for your business. 

What Should my Commercial Policy Cover?

A considerable risk is involved in owning a business. The following should be covered under an ideal commercial insurance policy:

  • Legal fees and medical expenses from a lawsuit
  • Injuries that occurred at your place of business, or as a result of your business, and injury claims
  • Property damage
  • Legal settlements and judgments
  • Legal fees associated with advertising claims
  • Legal fees associated with company investigations
  • Products that have caused damage or injury to a customer or employee

Those basic factors are usually sufficient for a small business. However, there are limitations to policy coverage amounts. If your company is large with a high number of employees or revenue, additional coverage may be appropriate to extend beyond the financial caps of your commercial policy. This is also true if you want to add other coverage, like property damage as the result of a natural disaster. 

AFI Insurance agents in Denver, CO are experienced, professional and can define the right commercial insurance policy to fit your business needs.  Contact an agent today to learn more.