Commercial Property Insurance & Commercial Casualty Insurance
Opening a business can be the most liberating experience of many people’s lives. Still, operating a business is inherently risky. There are hundreds of legal and financial risks associated with business ownership. In order to protect your assets, financial investments, and ultimately, your livelihood, it’s vital that your business is adequately insured.
There are a variety of commercial insurance plans and policies available to protect you, your business and your employees from devastating financial loss. Most commercial insurance policies can divided into one of two categories: property insurance and casualty (aka liability) insurance.
Commercial Property Insurance
Commercial property insurance provides protection against most risks to commercial property, both real and personal. Commercial Property Insurance can help businesses pay to repair or replace buildings, structure, and contents damaged or destroyed due to fires, storms or other covered causes of loss. Property insurance can also be used to pay to replace lost or stolen property. Some of the most common types of Property insurance include:
- Commercial Real Property (Buildings)
- Commercial Auto Insurance
- Commercial Fleet Insurance
- Inland Marine Insurance
- Boiler & Machinery Insurance
- Windstorm Insurance
- Flood Insurance
Commercial Casualty Insurance
Commercial casualty insurance protects businesses from the risks of liabilities imposed by lawsuits and similar claims. While commercial property insurance covers the building in which you do business, casualty Insurance, also known as business liability insurance, covers the business itself. It protects the person or business against legal liability for losses caused by injury to other people or damage to the property of others. Some of the most common types of Casualty Insurance include:
- General Liability Insurance
- Commercial Liability Insurance
- Professional Liability Insurance
- Product Liability Insurance
- Worker’s Compensation Insurance
- Pollution & Environmental Liability Insurance
- Occupational Accident Insurance
- Business Interruption Insurance
- Employment Practices Liability Insurance
At CGIS we are experts at crafting the right commercial insurance coverage for your business. Our goal is to protect our client’s assets and shareholder value. Our risk management and loss mitigation services complement our clients on a local, national and international level. We’re here to help protect your business. Contact us today for more information about commercial insurance services.