5 Types of Commercial Insurance

Business owners find themselves in a dilemma when it comes to choosing a commercial for the business. Many will go for the basic liability insurance and forget that there are several other policies available.  If you live in Myrtle Beach, SC, visit Benefit Insurance Services to get a commercial insurance. The following 5 types of commercial insurance are also available.

1. Overhead insurance

This a very important commercial insurance policy. Overhead insurance covers things like salaries, taxes, utilities and rent in the event that the owner is unavailable due to sickness or any other reason. As a result, the business owner will have the peace of mind that the business will not crumble when they are absent.

2. Business interruption insurance

This is another very important policy. It helps the business to recover losses in case the business was interrupted for a period of time maybe due to fire or theft. This insurance will ensure that the business is running again and the owner does not have to worry about the losses incurred.

3. Workers compensation insurance

Many businesses employ workers to efficiently run the business. However small the number of workers is, a compensation insurance should be a priority. This will help protect the workers earnings in case they are injured while doing their job. It is also important to note that even if the job has the owner as the employee, they should get this policy to help safeguard the savings of the business.

4. Property insurance

The property insurance is acquired to help protect your property in case of damage. The property may range from furniture, building and inventory. The damaged property will be replaced at no cost. This is also recommended for business owners.

5. Automobile insurance

Commercial automobile insurance will cover the vehicles, trucks and vans used by your business. The policy will help repair the vehicles in case they are damaged in case of accidents. If the driver also injures a property or person, this will also be covered. Myrtle Beach, SC can visit Benefit Insurance Services to get a commercial insurance.