Three things to remember when you’re insuring your business

Finding the right commercial insurance policy to protect your business operation financially is important. At Gallina and Sons, we offer commercial insurance policies in Pittsburgh, PA.

The following are three things to remember when you’re insuring your business.

There are numerous coverage types to consider

One of the most basic things you need to know about commercial insurance coverage is that there are numerous types to consider. Just a few types of commercial coverage include commercial liability, commercial property, malpractice, and errors and omissions coverage.

You need to learn about what the different types of coverage are and evaluate whether you need them. 

Performing a risk assessment is important.

One step that any company should go through when in the process of finding commercial coverage is a risk assessment. A risk assessment will pinpoint all the financial risks your company faces. This risk assessment should also involve calculating how much coverage your company needs.

Don’t overlook the importance of the risk assessment. You want to find insurance to offer your company financial security, but you don’t want to overpay for insurance coverage. That’s why a risk assessment involving detail and careful calculations is important. 

Certain types of coverage may be required by law.

Another important thing to remember is that you could be required by law to have commercial coverage in some cases. For example, you may need to carry workers’ compensation coverage if you employ enough workers. Figure out what your legal obligations are before you purchase a policy. 

Do you have questions about commercial insurance in Pittsburgh, PA? We’re here to help at Gallina and Sons. Contact us with your inquiries about our commercial insurance policies.