From small-scale ventures to large-scale businesses, no business is immune to unforeseen dangers and lawsuits. However, investing in the below commercial insurance coverages from Benefit Insurance Services based in Myrtle Beach, SC, can lessen your financial burden when disasters strike.
When mishaps happen to your business, you could face expensive lawsuits. If you have standard commercial property insurance, covering the associated costs will be a breeze. Unfortunately, in some instances, the charges are high for your regular policy to manage, and that’s where umbrella insurance steps in. It covers perils such as
- Property damage
- Bodily injury to people outside your business
- Liabilities such as slander and libel
Besides, umbrella insurance covers legal costs, settlement claims, and other legal-related costs.
If you live in Myrtle Beach, SC, you better understand that you require flood insurance to shield your commercial property. According to Federal Emergency Management Agency (FEMA), this region is considered a flood-prone area, hence the need for flood insurance.
Since your typical commercial insurance doesn’t cover flood damage, flood insurance covers your building’s structure and its contents.
If you are in a business where you store your customers’ and clients’ crucial information, you better secure cyber liability coverage. The technology has evolved dramatically, and hackers are spending sleepless nights trying to commit cybercrimes. If they access such data, you may face huge costs that you can only manage with cyber liability coverage.
Business interruption insurance
When disasters occur at your business, normal operations are cut short. And when there are no operations, you accrue losses. Amid such moments it’s the business interruption insurance coverage that steps in to cover for:
- Lost income
- Temporary locations where needed etc.
As you can see, subscribing to the above insurance coverage is a rewarding financial asset that you can’t simply overlook. Contact your trusted agencies at Benefit Insurance Services based in Myrtle Beach, SC, and get commercial insurance coverage that suits your budget and other needs.