Commercial insurance protects businesses from various potential risks. Businesses can purchase several types of commercial insurance in NH to protect their operations and assets. Each has particular uses and benefits, and some businesses require different or more coverage than others.
At the Morin Insurance Agency, we help businesses in NH get the commercial insurance they need to operate effectively and comply with legal requirements. Here are some common types of NH commercial insurance.
Liability Insurance
One of the most important types of commercial insurance is liability insurance. This type of insurance protects your business if a third party is harmed due to your company’s operations. These circumstances include property damage, bodily injury, and medical expenses. Liability insurance is especially important for businesses that operate in high-risk industries, such as construction or manufacturing.
Property Insurance
Another necessary type of commercial insurance is property insurance. As you might expect, this insurance protects your business if your property is damaged or destroyed. Property insurance covers multiple assets, including buildings, equipment, and inventory. If your business owns or operates in a physical location, such as a retail store or a manufacturing facility, property insurance is essential.
Industry-Specific Insurance
In addition to liability and property insurance, businesses in NH may also choose to purchase additional types of commercial insurance depending on their specific needs. For example, a business that transports goods may purchase cargo insurance to protect them in the event of loss or damage. A business that employs drivers may also purchase commercial auto insurance. This protects against the cost of accidents or other damage caused by their vehicles.
Businesses in NH should also be aware that some forms of insurance are mandatory by law. For instance, workers’ compensation is mandatory for any business with employees to protect the employees in the event of a workplace injury.
Commercial Insurance in NH from the Morin Agency
The cost of commercial insurance in NH varies depending on many factors. The size of your business, how many people you employ, and the value of your assets all contribute to insurance costs. Consequently, businesses in NH should work with a trusted insurance provider to ensure they have the right level of coverage to protect their operations and assets. At the Morin Agency, we work directly with our clients to find the best coverage options for you and your business.
