Managing a profitable business can be challenging in a world full of adversities. Businesses experience unexpected expenses and setbacks. Commercial insurance helps you minimize the financial impact of exposures. A major loss can put you out of business. For this reason, commercial insurance is vital for the stability and continuity of your business.
At Family Insurance Associates in Ruidoso, NM, we are an independent insurance agency with broad experience in the insurance industry. Our New Mexico agents have a vast amount of experience in the industry and can help you acquire commercial insurance to protect your business. While there are many types of business with a wide range of exposures, below are the most common coverage options in commercial insurance.
This coverage pays for damages and losses to real or personal property. For instance, if a fire damaged your office space, property insurance will pay for the cost of repair.
When purchasing your commercial insurance policy, you can purchase additional coverage options for business property to include mechanical breakdown, debris removal, glass insurance, crime insurance, and much more.
This coverage covers injuries you cause to a third party. If someone sues your business for personal injury or property damage, liability insurance will meet the cost involved in the lawsuit. It will also pay for medical expenses and the property that is damaged. General liability offers coverage for common risks. For specialized varieties, it's important to have liability coverage in your commercial insurance policy.
This pays for an employee's on-the-job injuries. This insurance coverage is a requirement by law for employers who have 2 or more employees.
The nature of businesses differ. Each New Mexico business will require commercial insurance that suits it. If you own a business, avoid business interruptions; call or visit us at Family Insurance Associates in Ruidoso, NM. Our experienced agents will help you develop a policy that fits the needs of your business.