Commercial Insurance In Idaho
Companies need commercial insurance because the risks of doing business are too significant to go without protection. Whether it’s the loss of business personal property and leasehold improvements, or liabilities arising from specific types of litigation, insurance is a necessity. Below are details regarding commercial insurance coverage and potential safeguards.
General Liability Insurance
There are many facets to a commercial insurance policy. For example, business personal property and leasehold improvements may be covered at replacement cost, if there is a catastrophic loss. Also, income for a specified restoration period may be in the policy, if a company cannot continue operations before structures and equipment are restored. We work with our clients to complete estimates and ensure coverage is adequate, given the nature of their services.
Depending on the type of business, there can be coverage for claims arising from lawsuits. Personal injury, libel, alcohol, and other types of claims may be covered by commercial insurance. The coverage thresholds are often contingent on business income and the nature of the business. We work with our clients to optimize coverage and get the most protection for the right premium amount. Protecting a business adequately takes careful insight from experienced professionals.
Course of Construction/Builders Risk
If a business is engaged in extensive construction, remodeling, or tenant improvements, then an ordinary general liability policy and property coverage may not suffice. A builder’s risk policy, along with special general liability protection, may be needed. Landlords often-times cite the need for this type of insurance in lease agreements. We can help you analyze your commercial insurance requirements when you’re under construction, keeping your project timeline intact.
For additional information on commercial liability insurance and endorsements, please contact Montoya Insurance Group in Idaho. Businesses need insurance to protect against the many perils and risks in the marketplace. Work with one of our experienced reps to mitigate potential losses today.
