Is commercial insurance in Jenkintown, PA a good investment?

Picture two similar businesses operating in Jenkintown, PA. One has commercial insurance, but the other has chosen to forego business insurance to save some bucks. Assume a brutal weather where hail strikes, causing significant damages to both businesses. Who do you think saves money in the long run? The business owner with insurance will claim compensation for the losses from their insurer. Meanwhile, the business without insurance will have to make the repairs from their profits.

If you have been thinking of ignoring commercial insurance for your business, don’t. When you buy business insurance from Richard Zeises Agency, you accrue the below benefits. 

Liability protection

There is a lot of wrong that can go in your business. Your products could harm consumers. A visitor could slip while within your premises, sustaining injuries. Or you could publish an online report deemed libelous by a third party. Since businesses operate in a risky environment, you need commercial insurance to protect you from expensive third-party claims. 

Protects your employees

Since you value your employees, it makes sense to protect them with worker’s comp insurance. This coverage pays for medical expenses when your employees become ill or suffer work-related injuries. Besides, it covers partial loss of income if your employee can’t resume work due to injuries. 

Boosts credibility

Besides professionalism, commercial insurance provides an extra layer of credibility. Your suppliers and customers are protected in case your business fails to honor commitments for whatever reason. In simple terms, commercial insurance gives you a competitive advantage over rivals.  

Protects your business against losses

Commercial insurance protects your business against financial losses that may arise when perils strike. For instance, if a fire was to ravage your business, commercial insurance saves you the loss of financing your assets from scratch. Similarly, commercial insurance shields your business finances if your employees suffer work-related injuries. 

Buy commercial insurance today!

Having seen the power that a commercial insurance policy packs, it’s time to purchase coverage from Richard Zeises Agency. If you are in Jenkintown, PA, and its environs, please get in touch with us for an affordable quote. 

The Risks Of Not Having Commercial Insurance

You most likely have car insurance for your vehicle, home insurance for your house, and health insurance for your family. Therefore, it also makes sense to carry commercial insurance if you run your own business. However, many small business owners prefer not to purchase commercial insurance, thinking that it is unnecessary. If you are one of them, Richard Zeises Agency, serving Jenkintown, PA, prepared a list of risks you face if you do not carry business insurance:

  • Failure to protect your employees. Workers’ compensation is the type of policy designed to protect employees if something happens to them in the workplace, and they cannot work for a while. Moreover, workers’ compensation is also mandatory in the state of Pennsylvania. If you decide to take a risk and operate your business without it, you violate the state law, and you put your employees in danger. 
  • Financial losses. If something happens with your business, you will be financially responsible for covering all the damages. For example, if there is a fire in your restaurant’s kitchen, you will have to pay for all the repairs and purchasing new appliances yourself. It is much better to have commercial insurance that will cover all the expenses if something unpredictable happens. 
  • Risk of losing your commercial property. If you do not have adequate business insurance, you are also risking the loss of your commercial property and assets if there is fire, flood, theft, vandalism, or any natural disaster. 

The above are just a few most common risks that business owners may face if they decide not to purchase business insurance. If you are thinking about getting a policy and you need some help, Richard Zeises Agency, serving clients in Jenkintown, PA, and other surrounding towns, is always ready to assist you. Do not hesitate to give us a call and talk to one of our highly qualified insurance agents, who will answer all your questions. 

What is included with commercial insurance?

Starting a business in the Jenkintown, PA area can be a great experience and option. When you are looking to start a business here, getting the proper insurance is extremely important. Today, business owners all over the Jenkintown area could benefit from getting commercial insurance. There are a variety of benefits that will come when you get a full commercial insurance policy for your organization as it provides several forms of protection. 

Ensures You Have Coverage for Liability

One of the advantages of getting a commercial insurance policy is that it can confirm that you will have coverage for liability risk. When you own any kind of business, there is always a risk that you could be sued for liability. This risk can vary based on the type of business you are in but always exists. Those that get commercial insurance will have coverage against this risk at all times.

Ensures Assets are Protected

When you have a business in the Jenkintown, PA area, you also will have coverage due to the fact that your assets will be covered. If your assets are damaged or destroyed, you are going to want to have coverage to replace them. Your commercial insurance policy could prove to be very important and valuable in these situations. 

When you are looking for a new commercial insurance policy, a great company to speak with is the team at the Richard Zeises Agency. The insurance team at Richard Zeises Agency can provide a variety of services that will help to ensure that you find a good policy. We will do this by carefully examining your business and determining your risks and needs. From there, we can help to build a policy that will provide the right type and level of protection.