This guide offers an in-depth look at the importance of commercial insurance by covering the benefits of commercial insurance, differences in commercial insurance, and the commercial insurance process.
OKLAHOMA CITY, Okla., June 20, 2023 /PRNewswire-PRWeb/ -- Tivly has announced the release of its resource "Why is Commercial Insurance So Important?". This guide provides extensive coverage of commercial insurance by covering the difference between commercial and personal insurance, how commercial insurance works, types of commercial insurance, and tips for choosing a commercial insurance policy.
Commercial insurance is liability coverage tailored for small businesses and corporations. Many different types of commercial insurance are available, and the most common types include coverage for property, liability, employee compensation, and commercial auto. Commercial insurance has monthly premiums and deductibles, and a policy limit is set on how much the insurer can pay out during the duration of the policy.
"Running your business without an insurance policy leaves you vulnerable to many unforeseen events," according to Tivly. Commercial insurance is a legal requirement, but coverage requirements vary from state to state. Commercial insurance builds business credibility, protects the company from unexpected damages, and offers business owners peace of mind. When choosing commercial insurance, it is important to understand what the policy offers and ensure that a policy is always up-to-date. Most commercial insurance policies have exclusions so it is crucial to have a firm understanding of what each policy does and does not cover.
To learn more about why commercial insurance is important, please visit Tivly here.
Tivly is a two-sided marketplace that matches businesses to insurance providers. Tivly is a partner of over 200 insurance agents, brokers and carriers looking to connect with specific types of businesses who are actively searching for commercial insurance coverage.