Commercial Insurance Is Important For Small Businesses

Running a small business is one of the most satisfying things anyone can do. Being your own boss while making a profit is a dream many wish to accomplish. For those looking to start their own business in Hershey, PA, it’s going to take much more than the desire for it to run smoothly. Commercial insurance is vital in taking care of your business, and Options Insurance Agency has the tools to aid you.

Covers accidents on the job

If you’re running a store, you’ll handle numerous customers daily. With people on your property, the risk of injury can be high. If an injury occurs, there’s a good chance you can be held accountable. Fortunately, commercial insurance can help cover any court costs you’ll have to pay if the injured person wants to sue. You can also use it to cover any medical expenses for the individual.

Covers accidental damage to buildings

Much like owning a home, owning commercial property can lead to potential damage. Whether it’s an accidental fire or a roof collapsing, these unfortunate incidents will come with a hefty price tag in repairs.

Covers unfortunate loss of income

Every now and then, something tragic can shut businesses down for a while. From tornados to earthquakes, businesses not picking up can lead to a loss of income. While some businesses can stay open with a portion of the area closed off for repairs, others don’t have the same luxury. Commercial insurance can help offer financial assistance for a limited amount of time.

If you have questions about commercial insurance in Hershey, PA, Options Insurance Agency can help you. Contact us here for more information.

Four Main Types of Commercial Insurance Coverage

Protecting your company from potential risks and losses is crucial as a business owner. One way to do that is by getting commercial insurance coverage. Commercial insurance covers different types of threats and helps protect your business from financial losses. Options Insurance Agency in Hershey, PA, offers various commercial insurance coverage options. Learn more about the four most popular policy types.

Property Insurance

Property insurance is a type of commercial insurance that protects your business’s physical assets, such as buildings, equipment, and inventory, from damage or loss due to fire, theft, or natural disasters. This coverage also includes business interruption insurance, which provides financial assistance if your company cannot operate due to covered damages.

Liability Insurance

Liability insurance protects your business from claims made against you for property damage, bodily injury, or personal injury caused by any of your products or services. We have various liability insurance options, including general, professional, and product liability insurance, to help you manage your risks appropriately.

Workers’ Compensation Insurance

Workers’ compensation insurance is mandatory in most states. It provides coverage for medical expenses and lost wages for any of your employees injured or who become ill while on the job. It also protects you as the employer from lawsuits related to unexpected workplace injuries.

Commercial Auto Insurance

Commercial auto insurance covers vehicles used for business purposes, such as company cars or trucks. It handles the costs associated with damages and injuries resulting from accidents involving company vehicles, theft, and vandalism.

Reach Out to Our Office for More Information

As a business owner, it’s a must to understand the four basic types of commercial insurance coverage and how they can protect your company from potential risks and losses. Options Insurance Agency in Hershey, PA has various commercial insurance options available to help you safeguard your operations. Contact us today to find out more!

Required Commercial Insurance in Pennsylvania

When you are a business owner in Pennsylvania, there are specific insurance policies you may have to have by law. There are two different types of required commercial insurance that you need to have if you meet certain conditions set forth by the state. There are also several other commercial policy types that you might want to get to protect your business. Call us now at Options Insurance Agency in Hershey, PA to get the insurance you need.

Commercial Auto Insurance

If your business uses one or more vehicles, they have to be protected with a commercial auto policy. This insurance provides a lot of protection against costs after an accident caused by your vehicle. This policy has to have a few types of coverage to be legal, and your business may also benefit from other types of coverage that aren’t required. The required coverages in your auto policy include bodily injury liability in two amounts, an amount for property damage liability and another amount for medical benefits. You can also add collision insurance to pay for your vehicle’s damages after an accident. 

Workers’ Compensation Insurance

If you have employees at your business, you must have workers’ comp insurance to cover them. This insurance pays for their medical bills and any necessary disability payments. Your business must have this coverage even if you have only one employee. This insurance must cover any employee working part-time, full-time, or seasonally. It offers strong protection for your business if any employee becomes injured. 

Cover Your Business

Call us today at Options Insurance Agency in Hershey, PA when you need your commercial insurance policies.


Required Commercial Insurance in Pennsylvania

If you have a Pennsylvania business, it’s essential that you have commercial insurance policies to keep it protected. If you don’t have the necessary commercial policies, you could be on the hook for an enormous amount of money after an accident. To ensure that your business operates legally, you need the required insurance policies to comply with state laws. You can call us at Options Insurance Agency in Hershey, PA to get started when you need commercial insurance. 

Workers’ Compensation Insurance

This commercial insurance protects your business in case of an accident that happens at work and leaves an employee injured. In Pennsylvania, state law decrees that if you have any employees, even just one, you have to have this insurance for them. This is true no matter how many hours they work each week, including seasonal workers. This insurance pays for the medical bills and other expenses due after someone is injured at work. It also gives them disability benefits if that should become necessary. This is vital protection for your business, so it doesn’t end up owing a huge amount for medical bills and disability payments. Make sure you always have this in place, no matter how many employees you have. It could just save your business. 

Commercial Auto Insurance

In Pennsylvania, every business that is the legal owner of a vehicle must carry a commercial auto insurance policy. This is the case for all of the vehicles your company owns. The policy you get has to have certain amounts of coverage. You are required to have two different amounts of coverage for bodily injury liability as well as an amount for property damage liability. In addition, you have to have an amount for medical benefits. You can also add other coverage types to your policy if you choose to. 

Get Commercial Insurance

For your business coverage, call us at Options Insurance Agency in Hershey, PA.

Required Commercial Insurance in Pennsylvania

Each state has its own requirements for the types of insurance a business must-have. In Pennsylvania, two types of commercial insurance are required for most businesses. If you do business in the state, you need to know about the necessary commercial insurance to operate legally. Call us at Options Insurance Agency in Hershey, PA if you need commercial insurance.

Workers’ Compensation Insurance

In Pennsylvania, every business with employees must cover them with workers’ compensation insurance. That’s true no matter how many employees you have and whether they work full or part-time. This also includes seasonal workers. This insurance will pay for the medical help and lost wages that need to be paid after an employee has had an accident at work or developed a work-related illness. It can also cover legal costs if there are any. This insurance is vital because it protects your business from having to pay medical bills and other expenses in the event of an accident. It also protects employees, ensuring funds are available if they are injured. 

Commercial Auto Insurance

Any vehicle in the state-owned by a private business must have a commercial auto insurance policy. This policy will pay for accidents that are caused by the vehicle. There are different types of coverage required to be included in the policy, including bodily injury liability, medical benefits, and property damage liability. There are two amounts of coverage required for bodily injury liability. These include an amount for one injured person and another for all injured people. 

Get Commercial Coverage

If you need commercial coverage, make sure your business has what has been mandated as well as any other policies that could be helpful. Call us at Options Insurance Agency in Hershey, PA to find out what commercial insurance you need. 

Is commercial insurance in Hershey necessary?

Any business that operates in the Hershey, PA area will find that there are a lot of great opportunities to be successful. While this can be an excellent community to start a business, it is vital that you continue to recognize various business risks. One of the ways that you can mitigate some of these risks is by getting commercial insurance. This coverage is necessary for multiple reasons.

Ensure Company Assets are Protected

Those that are going to start a business will always want to know that their money invested in the company is as well protected as possible. One of the best ways to protect the business is with commercial insurance. If you have this coverage, it can provide the support needed if your business loses assets in a fire or due to another type of loss. 

Insurance is an Obligation

Another reason you will need to have commercial coverage is that it could be an obligation. There are various situations when you will need to have this coverage. If you have taken out a bank loan, leased property from a third-party company, or raised money from outside investors, you will undoubtedly be required to carry commercial coverage. Maintaining this insurance will ensure you and your business remain appropriately covered to meet these requirements. 

A business in the Hershey, PA area will know that having insurance is a practical necessity. There are various reasons you should get this coverage, and you can find there are many options to consider. As you start looking for coverage, beginning your search with the Options Insurance Agency is a good idea. The professionals at the Options Insurance Agency can provide the guidance needed to build a policy that will adequately protect your organization. 

Benefits of Commercial Insurance

Options Insurance Agency serving Hershey, PA is a commercial insurance provider. Their experienced agents can help you with commercial insurance policies to meet your needs. Commercial or business insurance has several benefits.

Protection of Assets

Commercial insurance allows you to protect your assets against unforeseen and accidental circumstances like theft and damage to your property by providing financial compensation in the event of a loss. Assets that you may choose to insure may include

  • Buildings
  • Equipment
  • Stock

It is helpful to list the items you need insuring and their value before an appointment with your insurance agent.

Ask questions to make sure you are adequately covered.

Liability Protection

Financial protection from liability claims is another benefit of commercial insurance. If someone gets hurt using your product or while visiting your premises, there is the possibility of liability. Liability refers to legal responsibility. Accidents happen, and sometimes these events are beyond your control, and that is why having commercial liability insurance is always a good idea.

Another aspect of commercial liability insurance is workmen’s compensation. In Pennsylvania, an employer is responsible for an employee’s wages and medical bills if a work-related injury or disability prevents your employee from working.

Peace of Mind

Another benefit of commercial insurance is peace of mind. A business provides a livelihood for its owner and employees, making adequate and comprehensive commercial insurance a vital aspect of any business portfolio. While it is impossible to cover every possibility, you can arrange and pay for the right type of commercial insurance for you and your business, which will bring you peace of mind.

Contact Us

If you need to purchase, renew, or review your commercial insurance policy, contact Options Insurance Agency serving Hershey, PA today and ensure your insurance is right for your business needs.

Pennsylvania Commercial Insurance Guide: How to Know How Much Liability Coverage You Need

When you are looking for commercial insurance in Pennsylvania, you will need liability insurance to protect you from financial risks and accidents. Commercial liability insurance will cover medical expenses and legal costs if you are found to be liable for an accident or civil or personal injury.

At Options Insurance Agency, knowing how much to get is half the battle. We help Hershey, PA business owners determine the right amount of liability coverage for their business needs.

Learn more about how to get the right amount of coverage.

Business Details Matter

It is impossible to predict an accident, that is why they are called accidents. There are still ways to determine your liability coverage. Your business details matter.

The kind of business you have and how big it is will be the two most important details when determining your liability. If you are making a nice profit, you stand to lose that if a liability arises.

Where your business is located, and the number of employees you have will also matter. The level of experience that your employees have also plays a role in determining your liability coverage.

In a nutshell, the amount of risk that you assume by opening and running your business will determine the amount of liability coverage that you need.

Additional Commercial Insurance Options

When you run a business, you may have risks beyond what your general liability coverage can offer. There are additional commercial insurance options in Pennsylvania that can help you have the most thorough coverage. Professional liability coverage, directors’ and officers’ insurance, and errors and omissions insurance are a few.

You may also want to invest in cybersecurity insurance and other forms of commercial insurance that will protect your business assets.

Get a Quote

When you have a business, you want the doors to stay open. At Options Insurance Agency, we can help Hershey PA business owners with the options needed to get the right amount of liability coverage. Call us for a quote today.

Why you need commercial insurance for your home business

In Hershey, PA, like many other places in the United States, home businesses are a popular option. 50% of small businesses are home-based and if you consider those with no employees, that rises to 60%. The reason is obvious, not having to pay for a business location is a big saving. At Options Insurance Agency, we have been serving local customers since 2006 and as independent agents, we can offer more choices and better rates. We focus on educating our clients about the insurance options available to them. 

Property insurance

Home property insurance is designed to cover your home and contents. It is not designed to cover business equipment, raw materials and inventory for a home business. While you might get very limited coverage from your home insurance, it is not the amount of coverage that your home business needs and deserves. 

Liability coverage

Your home has liability coverage as part of your home insurance policy. This is personal liability and will not extend to your business customers or to vendors or employees who might decide to sue you. Without commercial liability insurance, you run the risk of losing your business. Your home liability insurance is not going to extend to your business. 

Commercial auto insurance

When you are using your personal vehicle for business, it is most likely that your auto insurance won’t cover you if you have an accident. Commercial auto insurance is what you need and it is always a good idea to keep your business finances separate from your personal finances. 

Workers compensation

In Pennsylvania, if you have one or more employees, full or part-time, including family members, you must have workers’ compensation insurance. Home businesses are not exempt from having this important coverage. 

For more information about commercial insurance in Hershey, PA contact Options Insurance Agency. 

Will commercial insurance protect people in Pennsylvania?

As you are looking for a place to grow and run a business, Hershey, PA is a good spot to consider. There are a lot of benefits that come with being a business owner in this community including local support for small businesses and having access to a strong local economy. Those that would run a business in this part of the state need to get insurance for their company. Commercial insurance can protect business owners in several ways.

Liability Protection

One way you can be protected with a commercial insurance plan is by receiving liability protection. Accidents can always happen that could result in damages to another party. If your business happens to cause an accident that results in damages, you can be held liable. As these costs can be significant based on the situation, having commercial insurance is always helpful. This coverage will offer quality liability protection that can continue to support your organization. 

Protect Business Investments

Your commercial insurance plan can also protect investments made by your business. A business will need to continue to invest in itself to acquire assets and fuel future growth. As you and your business will rely on the assets it acquires, you will want to know that you are keeping proper insurance in place. A commercial insurance plan will protect these assets for your company. 

A commercial insurance plan will always offer valuable coverage that makes it well worth the investment. As you are shopping for a new plan in Hershey, PA, consulting with the professionals with the Options Insurance Agency will be helpful. The team with Options Insurance Agency can help you assess all of your options and understand the value of this coverage. This can help ensure you pick a plan that provides great coverage for your business.