Every business in Canby, OR, regardless of its size or operations, requires some form of commercial insurance. Commercial insurance helps a business to deal with risks such as fires, theft, or business interruption. To determine the kind of commercial insurance that is suitable for your business, get the help of an agency with experience in commercial insurance such as Oliver Insurance. They will help you customize a policy for your needs.
When You Can Claim Your Commercial Insurance
•You can claim your commercial liability insurance if your business is facing liability claims. The claims may arise if a third party is injured on your business premises, if their property is damaged or if your employees cause harm to third parties or destroy their property by accident. The insurance coverage may help to pay for the repair or replacement costs of their property, legal charges, lost wages, or pain and compensation. If your employees get injured at work or as a result of their work, you can claim your worker’s compensation insurance. It helps pay for medical fees, lost wages, and death benefits.
•If your business property is damaged due to insured risks, you may make a claim. Your business property could include; business inventory, machines and tools, furniture, and electronics. Your property insurance coverage compensates you for the cost of repair or replacement of your property.
•If your business loses its income because of business interruption, you can make a claim on your business interruption insurance. It helps compensates a business if its activity is interrupted by covered risks. It provides salaries for employees during the period that your business is not in operation, tax payments, rent, and profits that it would have made.
Contact Oliver Insurance on 503-266-2715 for your commercial insurance needs in Canby, OR.
