If you own your own business, then you understand the tremendous responsibility of making sure all of the bases are covered for yourself and your employees. At L M Insurance & Financial Services LLC, we provide business owners with insurance products that can help them fulfill these responsibilities in Bronx, NY and the surrounding areas. Keep reading to learn more about commercial insurance and how it can help you. 

What Is Commercial Insurance?

Commercial insurance is a specially designed insurance product made just for business owners. There are many layers to running your business, and a commercial insurance policy will cover all of these layers. Having a commercial policy in place will help protect you from expenses should your business run into a liability event. 

What Does Commercial Insurance Cover?

Businesses are unique, and that is why a commercial insurance policy can be customized to meet your specific needs. However, most policies will provide coverage in the following areas:

• Property Damage– Most businesses have a brick and mortar location they operate from, store inventory, and house equipment. This property must be protected. If this property is damaged due to fire, natural disaster, or burglary, you will be held responsible for the expenses out of pocket. Commercial insurance can kick in and pay for these costs. 
• Liability Protection– As a business owner, you carry the risk of liability. If someone is injured at your place of business or because of your goods or services, you could be held responsible for medical expenses and even legal fees. Commercial insurance policies can be designed to protect you from these types of costs. 

If you would like to learn more about our services, please contact us at L M Insurance & Financial Services LLC serving Bronx, NY and the surrounding areas.