Commercial insurance isn't required in Maryland, but the state uses a contributory negligence system. That means that you can be at least partially liable for an accident even if you were only partially at fault. At Pohanka Insurance, we help our clients assess the real risks they may be facing so they can have adequate protection in case something goes wrong.
One of the most popular kinds of policy is BOP because it provides both general liability coverage and property insurance for cost savings. Any property owner will need basic coverage to insure the building and its contents, and the general liability coverage will protect your business if anyone is injured on your property. Your BOP will also protect you if there are losses because of theft, and you can customize your policy with extra protection for business interruption, electronic data loss, or other needs.
If your business uses vehicles for deliveries or transport, you will need business coverage. Even if you are using your own vehicle, a personal auto insurance policy won't protect you if you are on company business when you have an accident. Your business is responsible for any damage caused during the accident if you are not insured.
You can protect your employees if they suffer from any work-related illnesses or injuries with workers' compensation insurance. It covers not just medical bills, but lost wages and other expenses related to the illness or injury. Workers' compensation also offers a financial benefit to the family if the worker is deceased and can protect against lawsuits. Most businesses in Maryland with at least one employee are required to carry workmen's compensation insurance.
We work with every client to personalize every insurance policy at Pohanka Insurance. Your business has different needs from others, and you are facing different risks. If you have any questions or are considering a commercial insurance policy, call us today.