There are many different types of commercial insurance. There is no one policy that’s right for every business. Most businesses need several types of insurance covering various aspects of the business. There are several common commercial insurance types that your business may need, depending on many different factors. To learn more about which kinds of commercial insurance your business may need, call us at Versatile Insurance Planners in San Antonio, TX.

Worker’s Compensation

When you have employees, worker’s comp insurance is a must. This policy will protect your business against liability in the event of a workplace accident or illness. If someone gets an illness related to their work or gets injured there, your worker’s comp policy will pay for the related expenses that will become due. This can protect a business from huge expenses that could seriously dent its bottom line.

Commercial Auto Insurance

Any vehicle your company owns needs to have a commercial auto policy to protect your business. This ensures that if there’s an accident with this vehicle, the auto policy can pay out. If there is a personal policy on a work vehicle, it won’t pay out in the event of an accident, which can cause a lot of financial damage to a business.

Premises Liability

It’s easy for injuries to happen, and they often do. This type of insurance protects you against the cost of accidents that people could happen at your place of business. You likely need this type of business insurance if you have a physical location.