In Pennsylvania, businesses are required to have two different commercial insurance policies in most cases. These policies are required to legally do business in Pennsylvania, but other commercial insurance types are recommended for businesses of every size. If you need commercial insurance, contact us at Griffith Insurance LLP in West Chester, PA to find out more about these policies.
Commercial Auto Coverage
As many do, if your business owns a car, it cannot be covered by a personal auto insurance policy. It must have a commercial auto insurance policy in place. This comes with specific minimum coverage amounts for liability for bodily injury for one person as well as a different amount of bodily injury liability for everyone injured or killed in the accident. This insurance must also have a specific minimum amount of coverage for any property damage you are liable for. A specific amount for medical benefits is also required. These minimum amounts are relatively small, and getting more insurance coverage is often recommended for businesses.
Workers’ Compensation Coverage
If your business has any employees who are not business owners, each of these has to be covered by workers’ compensation insurance. This type of coverage covers your liability for medical bills if the employee should get sick or injured while at work. It is protection for the business, as it pays out those bills you’re liable for. It also protects the employees, as it provides money for their medical bills if they should become sick or injured.
Get Your Commercial Insurance
If you own a business, it should never be without its required insurance. The risk of lawsuits and sky-high medical bills is too much. If you need commercial insurance policies, call us at Griffith Insurance LLP in West Chester, PA to get started.