How does commercial insurance cover so many different business types?

Commercial insurance covers many different business types. Manzanita Insurance in Prescott Valley, AZ can provide your business with a commercial insurance policy, but it may not look like the one your best friend’s business purchased. It may be even different than the one your dentist purchased. 

That’s because the term commercial insurance refers to a range of insurance policy types. It includes boiler insurance, equipment repair insurance, commercial liability coverage, commercial auto, and many others.

For example, the malpractice insurance that your doctor or nurse practitioner carries falls under the category of commercial insurance, as does the errors and omissions coverage that a manufacturer of heart valves or prosthetics purchases.

Every Policy Is a Custom Policy

When you contact us to say you need a commercial policy, we interview you about your business so that we only offer you the coverage you actually need. We won’t try to sell your business policies that it doesn’t require.

Most commercial coverage packages start with a business owners’ policy (BOP). This type of policy provides the four most frequently purchased policy types. You will receive the liability and property insurance coverage that each business requires for a reduced premium.

Custom Policies Control Costs

The custom package saves you money. Since you only pay for the types of coverage your specific business requires, you pay less than if you purchased an all-inclusive commercial package.

Contact Us Today

We’re here to help you at Manzanita Insurance serving the greater Prescott Valley, AZ community.

Call us today and get your quote on commercial insurance. Let us help you obtain the insurance coverage you need to succeed in business.

How to Get The Best Out Of Your Commercial Insurance

Everyone wants value for their money. And this isn’t an exception when you are buying commercial insurance for your Prescott, AZ business. You want to get the best out of your coverage to justify the premiums you are paying. But how can you do this? Unless you understand the ins and outs of business insurance, you will always find yourself under-exploiting your business insurance coverage. 

The good news of the day is that Manzanita Insurance is always ready to help business owners in matters concerning insurance. With this in mind, today, we will elaborate on how you can get the best out of your commercial insurance.

Understand your business

As a business owner, no one understands your business as you do. You are in the best position to determine the risks facing your business. This way, you will only buy commercial insurance that meets your business needs.

Review your commercial insurance policy every year

At the very least, update your commercial insurance every year. Reviewing your business ensures that your current business needs are taken care of and that you aren’t overpaying or underpaying your premiums. 

Choose an agent who understands your industry

Since commercial insurance can be challenging, you need a knowledgeable agent to help you understand commercial insurance in detail. Better yet, if they understand your industry, they will guide you to pick the appropriate commercial insurance coverage for optimal protection.

Know what is required by the law

If you operate in Arizona or any other state, it’s vital to understand your region’s mandatory business insurance coverages. This way, you don’t have to subject your business to numerous fines and penalties for non-compliance. Additionally, when you know that your state commercial insurance minimums are met, it’s always easy to plan for other coverages when the basics are covered.

Purchase commercial insurance today!

Has your business been running without business insurance? This has to end today. If you are in Prescott, AZ and its environs, please contact Manzanita Insurance for an affordable commercial insurance quote.