Why do small businesses need commercial insurance?

Small businesses are always in danger of being crushed by a hazard.

So many things can cause a small business to fail. Having commercial insurance can provide a layer of protection against many of the most obvious things that can go wrong.

At Legacy Insurance Group OKC in Oklahoma City, OK, we will personalize your commercial insurance for your business. Not every business has every risk and you only need to have commercial insurance that is appropriate to your particular business. By getting to know you, we can do that.

Benefits of Commercial Insurance

If your property is destroyed or damaged by a covered hazard, you may not be able to do business. In order to get back up and running as quickly as possible, you need to have good property insurance.

Property insurance will help you rebuild your physical building if you own the building, but if you are a renter, it will help to pay for all the things you need to replace in order to be able to do business. What these things are, depends on exactly what type of business you have.

Liability insurance is what you can count on to help you survive legal action against you. As a small business, you stand a very good chance of being involved in legal action against you. This can be very expensive and can damage your bottom line.

With commercial liability insurance, you will have the protection you need to survive being sued. Business interruption insurance can really make the difference between surviving and having to close your business. This insurance will help to pay the bills and payroll when you don't have any business income coming in due to a covered interruption.

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