Trying to remain within the legal requirements for businesses in Wisconsin and ensuring that you are taking the best practice measures for your business is smart. Commercial insurance from Community Insurance Group LLC allows you to get coverage that protects and fits your business needs.
When you are building your overall commercial insurance policy, you need to make sure that you first have any components that are required below:
- Commercial Auto insurance
- Workers' Compensation Insurance
If your business requires using a company vehicle for any service, you should have commercial auto insurance on these vehicles instead of standard auto insurance. This protects the employees driving the car and directly yields any liability to the company.
Workers' Compensation is also required when at least two employees work in the business. This allows workers who are hurt on the job to get the assistance they need for recovery. In agreement with the workers' compensation coverage, they will not sue your company, and your assets are protected.
No matter what type of business you have in Wisconsin, it is recommended that you have the following coverages on your policy:
- General liability
- Property Protection
- Business Interruption Coverage
General liability is excellent because it can be used in any scenario where your business may be liable for damages. You want to ensure you have this coverage, so you do not have to pay out-of-pocket.
Property protection is available for any equipment, products, or anything else belonging to the business that is damaged due to an accidental tragedy or theft. Should a situation like this arise, your business will have to wait to reopen, and this is where business interruption coverage will help you manage payroll and other expenses you may have. At the same time, you are not able to operate.
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Our Community Insurance Group LLC agents are ready to assist you with your policy quote today.