What is covered under commercial insurance?

One of the great things about commercial insurance in Overland Park, KS is that you can tailor your policy to get the protection you need. This is especially true with commercial insurance, as there are several kinds of coverage you may not yet be aware of. At Fortress Insurance Agency, we can help you explore your options and reach the level of protection you want.

Types Of Kansas Commercial Insurance

General Liability insurance is the most common kind of business insurance, and every small business should have it. General liability insurance protects you from claims of third-party bodily injury and property damage, such as if someone falls down at your business. It also carries some protection for personal and advertising injury.

Property Insurance protects the physical property where your business is located.

BOP or Business Owners Policy is an efficient way to combine property and liability insurance. This can save you money and make it easier to manage claims.

You need Commercial Auto insurance if any vehicles are used during your regular course of business. This also applies to personal vehicles you use for work, as your regular policy will not pay out for work-related claims. 

If your business has employees, you probably need Workers’ Compensation to pay for those who become ill or injured on the job.

Professional Liability insurance protects licensed professionals in case of negligence.

There is a greater need for Cyber Insurance than ever before. Cyber insurance protects your business from cyberattacks or data breaches by helping your business pay for investigation, litigation, and data recovery costs.

Schedule A Consultation Today

These aren’t the only kinds of coverage you can get for your Overland Park, KS business. If you have any questions or would like to discuss a policy, please call Fortress Insurance Agency today.

When Do I Need Commercial Insurance?

Business owners have a lot of things to worry about – making sure their business is profitable, growing their customer base, and so on. But one thing that often gets overlooked is insurance.

Many small business owners assume that because they are not a big company, they don’t need commercial insurance. This is a huge mistake. Every business should have some form of commercial insurance, no matter how small it is.

Fortress Insurance Agency in Overland Park, KS can help you get commercial insurance for your business protection.

Here are some instances when you need commercial insurance:

When Launching a Business

One of the first things you should do when launching a business is to get commercial insurance. This will protect your business from any liability claims that may come up. If someone sues your company, commercial insurance will cover the legal fees and any settlements that you may have to pay.

Additionally, commercial insurance will also protect your business property. If your office is damaged in a fire or flood, your commercial insurance policy will cover the cost of repairs.

If You Hire New Employees

As your business grows, you’ll need to hire new employees. When you do, you’ll need to get workers’ compensation insurance. This type of insurance will cover your employees if they are injured on the job.

Additionally, workers’ compensation insurance is required in most states, so it’s something that you can’t afford to skip out on. You should also consider getting general liability insurance, which will protect your business if one of your employees is sued for something like discrimination or sexual harassment.

When You Purchase New Equipment

If you purchase new equipment for your business, you’ll need to ensure that it’s covered by insurance. Otherwise, if the equipment is damaged or stolen, you’ll have to pay out of pocket for the repairs or replacement.

Most commercial insurance policies will cover business equipment, so be sure to talk to your agent about this. You may need to purchase a separate policy if you have a lot of expensive equipment, such as computers or machinery.

Get Commercial Insurance Today

These are just a few of the times when you need commercial insurance. If you’re unsure whether your business needs this type of coverage, contact Fortress Insurance Agency in Overland Park, KS. We’ll be happy to help you assess your risks and choose the right policy for your business.

Don’t wait – get commercial insurance today to ensure that your business is protected.

What Is Business Interruption Insurance and Do You Need It?

There are numerous risks associated with running a business. A business owner might worry at some point what they can do if they had to close their business for even a short while. If you are concerned about this, it’s in your best interest to talk to an agent from Fortress Insurance Agency of the Overland Park, KS area. 

What Is Business Interruption Insurance?

Business interruption insurance protects income that you might lose and helps you move locations in the event you can’t use your space at all due to an accident or disaster. This may allow you to be able to open your doors again fast. Since property insurance typically doesn’t cover financial business losses, it may be a good idea to set up this specific policy for additional coverage. 

If you do not have a solid plan that helps you deal with a sudden loss of income or for relocation after an accident or serious damage to your property, insurance will be a crucial thing. When your business requires some time to heal after there’s been a hurricane, fire, or some other type of disaster, you can rest easier knowing you have the right coverage. 

If you don’t have interruption coverage in your policy contract, you likely will be under-insured. This can be added to a commercial property policy or your Business Owners Policy. If you need some more information before you decide if you’d like business interruption insurance, talk to an expert from Fortress Insurance Agency. We serve the greater Overland Park, KS area and are proud to help new customers at any time. Reach out today and we can help you find the right policy. 

What Does Commercial Property Insurance Cover?

Commercial property insurance helps protect you by providing coverage for the physical property belonging to your business. In Overland Park, KS, business owners can find peace of mind knowing their business property is protected against damage and income lost due to the damage. For additional information about protecting your business with a commercial insurance policy, call the experts at Fortress Insurance Agency today. 

What is Commercial Property Insurance?

To understand what commercial property insurance covers, you must first understand what the policy is. Commercial property insurance is purchased by businesses or corporations and is a specific type of insurance protecting the company’s physical property. The policy covers tangible land, capital equipment, and contents of the building owned by the company. There are stipulations to the policy, which define specific types of coverage and compensation amounts. 

What Does Commercial Property Insurance Cover? 

Different types of commercial property insurance cover other things, such as the cause of damage and the property insured. For example, most policies cover accidental damage and damage caused by fire. However, additional coverage may need to be added for damage-causing perils, such as flooding and storm damage. Additionally, a commercial property insurance policy provides reimbursement to a business owner for income lost and expenses incurred due to damage to their property. 

How Does Commercial Property Insurance Work?

Commercial property insurance works similarly to homeowner’s property insurance. The business owner pays a premium for insurance coverage, and when damage occurs, the owner files a claim. Then the insurance adjuster assesses the claim and evaluates if it falls under the scope of their insurance policy. 

Protect your Overland Park, KS business property today by calling Fortress Insurance Agency for additional information about commercial property insurance coverage. 

Does an Online-Only Business Need Commercial Insurance?

Some in the Overland Park, KS business community assume that commercial insurance is there to protect the business’s actual physical properties. That is the store, the inventory, and so on. In truth, that’s only a fraction of what commercial insurance covers.

The most important feature of any commercial insurance policy is going to be your liability protection. This is the policy that kicks in and covers the damages if someone is injured or otherwise suffers losses on your business premises or as a result of your products or services.

With that in mind, you can see how such a policy would benefit an online-only business. Even if you don’t sell any physical goods, even if your services don’t involve visiting anyone’s house or handling their property, it’s easy to imagine, say, an app with a bug in it that makes it susceptible to hackers.

So yes, an online-only business does need commercial insurance. It’s not about the size of your business or how much money you’re making. It’s about the risk you’re taking on.

Insurance policies offered by certain platforms will cover some small businesses. If you make grocery money on Etsy, for instance, you might not have many risks to consider. But as soon as you’re taking on risk on your own, your Overland Park, KS business needs protection.

If you have any questions or you’re looking to get covered, get in touch with Fortress Insurance Agency. Call or explore the Fortress Insurance Agency website and see what we can do to protect you and your business with a great policy at a fair price.

What Does Commercial Insurance Cover?

If you’re a business owner in Overland Park, KS, then you should be familiar with commercial insurance. If you’re new to owning a business, maybe you’re not as familiar and would like to be. Luckily, Fortress Insurance Agency has your back. Learn all about the in’s and out’s of commercial insurance and how it can protect your business. 

What Can You Get from Commercial Insurance? 

Commercial insurance, or business insurance, is a type of insurance that protects you and your business in the worst-case scenario. Like any insurance, commercial insurance provides your business with financial coverage. Here are some areas in which commercial insurance can provide coverage: 

  • Worker’s Composition: One of the more popular methods of coverage, worker’s composition provides a worker financial compensation if they were to get injured on the job. 
  • Liability: If someone else’s property was damaged and your business was at fault, this coverage would protect you. 
  • Property/Equipment Damage: If any of your business’s property or equipment were damaged, repair or replacement costs would be covered. 

To know how much coverage you are eligible for, visit Fortress Insurance Agency for a consultation. 

Why Get Commercial Insurance? 

If you have a business, whether it’s big or small, you need commercial insurance. Commercial insurance protects the vital aspects that make your business thrive: the equipment, the property, and the employees. It only makes sense to protect your assets. 

Keep Your Business Covered with Fortress Insurance Agency

To help you keep your business protected, Fortress Insurance Agency wants to help you find the right commercial insurance plan for you. Our office is located in Overland Park, KS, but you can contact us online for a consultation. Don’t wait any longer and get the right coverage to keep your business protected in the worst of times!