Business

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Running a business takes hard work, dedication and resources. As a business owner, you will have a lot of responsibilities, and one of those responsibilities is protecting you and your employees’ hard work with business insurance.

The Hagar Group provides high-quality customer service and lasting relationships for each business owner searching for business insurance. Our insurance professionals will help you evaluate your business’ risks and tailor a policy to protect your assets.

What Does Business Insurance Cover?

Contrary to popular belief, small businesses have a lot to lose when it comes to operation. Thankfully, there are several types of insurance options available to cover small businesses. One of the most common policies for a small business to carry is a business owners policy. This policy combines general liability and commercial property coverage into one adjustable and affordable policy for small businesses.

General Liability Insurance

General liability insurance covers bodily injury, property damage, and personal and advertising injury. For example, if someone is hurt on your business’ property, general liability insurance will help pay for their medical bills and protect your business in the event the victim decides to sue. Personal and advertising injury includes coverage for claims concerning libel, slander, wrongful conviction, malicious persecution and copyright infringement.

Commercial Property Insurance

Commercial property insurance covers the physical property owned by the business. This can be a physical office building or space as well as its contents. Business owners may receive compensation from this insurance if the business’ property is lost or damaged due to fire, wind, hail, lightning, theft and vandalism.

Commercial Auto Insurance

Commercial auto insurance cover vehicles owned or used by a business for work purposes. Most of the time, a personal auto insurance policy won’t cover vehicles that are owned by a business. Commercial auto insurance provides a lot of the same coverage as personal auto insurance for commercial vehicles, such as comprehensive coverage, collision coverage, liability, medical payments and uninsured/underinsured motorist coverage.

Be sure to ask a The Hagar Group agent about additional coverages available to you.

Protect Your Business Today

Make sure your hard work is protected by a reliable policy.  Call The Hagar Group at (352) 726-1691 or fill out an online quote form to get started today.

How Does Business Insurance Work?

When you purchase a business insurance policy, you typically pay monthly premiums in return for coverage. So long as the coverage is active, you may file a claim to receive compensation for damages and other incidents involving your business.

What Business Insurance is Required by Law?

Business insurance requirements vary by state. Most states require some form of workers compensation insurance as well as auto or commercial auto insurance for all vehicles.

Do I Need a Business License to Get Business Insurance?

In some cases, you may need to have insurance in order to obtain a business license. To obtain a liquor license, for example, you may be required to purchase liquor liability insurance.

Why is Business Insurance Important?

Business insurance is crucial for keeping your company’s assets protected. One bad lawsuit or accident could cause thousands or even millions of dollars in damage to your business. Business insurance will allow you to recover after an accident.