Commercial Insurance

Want your business to withstand the test of time? You must have a well-thought-out risk mitigation strategy to survive in the uncertain business environment. One way to ensure you stay ahead of the risks is by considering commercial insurance from Kyle Simmons Agency, servicing numerous locations in Pennsylvania.

Required business insurance in Pennsylvania

Like most states, Pennsylvania requires businesses to have certain commercial insurance coverages. These include:

  • Commercial auto insurance: If you have one or several business vehicles, the law requires you purchase commercial auto insurance to protect your vehicle and driver when accidents happen. This must be the case when using your personal car for business operations. It would be best if you upgraded the standard auto insurance to commercial.
  • Workers comp insurance: If you have employees, you understand injuries and illnesses can occur in the workplace. Since employee-related injuries can be expensive, the law requires you to invest in workers comp insurance to cover medical costs, ongoing care, partial loss of wages, and final expenses for work-related injuries and illnesses.

While complying with the mandatory commercial insurance policies is excellent, you must stick your neck out for other business insurance coverage options for optimal protection.

Optional business insurance policies

The below might not be compulsory in Pennsylvania, but you must consider them to devise an all-rounded risk mitigation strategy for your business. These include:

  • General business liability: This policy protects your business if you face lawsuits when accused of bodily injury and property damage by others.
  • Property insurance: It protects your business assets from perils like fire, theft, falling objects, and natural disasters.
  • Business owner’s policy: This coverage combines the above two policies for affordability and convenience to business owners.
  • Cyber liability: This policy safeguards your business against cyberattacks that may lead to data breaches.
  • Professional liability: This coverage protects you when sued because of alleged negligence and missed deadlines when offering professional advice.

Are you looking for affordable commercial insurance in Pennsylvania? Please contact Kyle Simmons Agency for all your business insurance solutions.