Protect Your Investment in Colorado with Commercial Insurance

Over the years, Colorado has been growing pretty consistently with people moving from different states and starting new businesses. It is a fantastic sight to see that entrepreneurs are starting to make their dreams a reality in a growing economy. With starting a new business comes the need to protect your assets as much as you possibly can. 

At Strategic Insurance Services, LLC, we serve the Denver, CO area, and have assisted many businesses in preparing for success and protecting their assets. We strive to ensure that our clients are protected if something happens out of their control that does not result in loss of money or assets from the business. Many businesses end up failing before they reach one year of existence because they fail to meet specific state laws and commercial insurance standards. 

Having commercial insurance gives great liability coverage if anything happens to (including but not limited to) vehicles for business use, reimbursement for any weather damage that may occur (which can occur during substantial snow/hail time), and workers’ compensation. In addition to the latter, commercial insurance can protect business owners from natural disasters and lawsuits. By Colorado state law, there are specific regulations that businesses have to follow. With the proper commercial insurance, business owners can make sure that they legally meet coverage and risks.  

To speak to one of our agents about providing your business with the appropriate commercial insurance that you need, contact our office in Denver, CO. The team at Strategic Insurance Services, LLC will be happy to help answer your questions and get you started with a quote.

A Simple Guide to Commercial Insurance

When you open your business, insurance might not top your list of things you need to buy, but it should. It protects your investment in your business and its equipment. That equipment includes items like your vehicle, computers, printers, and items specific to your business like dishware for a caterer or photography and developing equipment for a photographer. OFS Insurance Agency, LLC, serving Clinton, MS, can help you determine which insurance policies you need.

Typically, every business needs commercial property, liability, and workers’ compensation insurance policies. Commercial auto insurance also tops the list of needs of most companies.

Many commercial insurance types are available. The type of business you run depends on the insurance you need. This could include:

  • boiler and machinery policies
  • debris removal
  • builder’s risk insurance
  • glass insurance
  • inland marine insurance
  • business interruption insurance
  • ordinance or law insurance
  • tenant’s insurance
  • crime insurance
  • fidelity bonds
  • errors and omissions insurance
  • malpractice insurance
  • automobile insurance
  • directors’ and officers’ liability insurance

As you can see, it takes an insurance professional to know which policies apply to your business’ situation. A shop owner in a neighborhood known for vandalism would need a glass policy, and only someone practicing medicine would require malpractice insurance. If you provide a physical product, you need errors and omissions insurance, while a corporation with a board of directors would require a directors’ and officers’ liability policy.

Let OFS Insurance Agency, LLC, serving Clinton, MS, help you determine which commercial insurance policies you need to protect your business.