Business Insurance in White House, TN
Most types of businesses deal with inherent risks, making insurance a necessity. Business insurance can offer financial protection against various incidents, such as fire, theft and vandalism. Without proper coverage, a business owner would have to pay for costly incidents out of pocket, which could be financially disastrous. It’s critical to understand the basics of insurance to help ensure that your operations have the proper financial protections in place.
What Is Business Insurance? 
Business (often called commercial) insurance, can help protect an organization against financial losses that result from incidents outlined in the policy. These incidents could include lawsuits, severe weather, accidents, fire and property damage. A robust business insurance policy can help minimize potential losses and help ensure operations can continue.
What Does General Liability Insurance Cover?
General liability insurance can help cover the cost of various incidents related to the following:
- Bodily injury—General liability insurance may help cover medical expenses, rehabilitation and legal costs if a third party is injured due to your business operations. For example, if someone slips and falls on your property and they sue for damages, your general liability insurance may be able to help.
- Property damage—General liability insurance may help cover repairing or replacing a third party’s property if it is damaged by your business.
- Personal and advertising injury—General liability insurance may help cover costs related to legal claims related to accusations of slander, libel, copyright infringement or false advertising.
How Much Does Business Insurance Cost?
The following are factors that can influence the cost of insurance premiums:
- Type of business
- Location
- Size of the business
- Claims history
- Coverage limits
- Industry risks
- Policy deductibles
Business Insurance Quotes
Contact Wilkinson Insurance Agency today to discuss your commercial insurance needs and obtain a quote based on coverage tailored to your operations.