Is Commercial Insurance Different From Liability Insurance?

Owning a business in Tuscaloosa, AL can be very rewarding. In order to make sure that your business is successful, you need to explore commercial insurance. It is critical to understand that there are differences between commercial insurance and liability insurance.

What is Liability Insurance?

Liability insurance is going to protect your business in the event that something happens. For example, if an employee gets injured, they could turn around and sue you because you are the one liable. If a client receives wrong information, they could also sue you because you are liable for what you tell them.

Liability insurance is always a good idea for your business. It may also be a requirement depending upon the type of industry that you are involved in. To determine whether you need liability insurance, you can consult with the state. You can also check with an experienced independent insurance agent to receive proper guidance.

What is Commercial Insurance?

Commercial insurance encompasses all types of insurance that a business could need. It includes not only liability insurance, but also commercial auto insurance, electronic data loss, property insurance, and much more.

When you start to shop for insurance for your Alabama business, you need to figure out what exactly it is that you need. Every business is a little different. If you don’t have commercial vehicles, you will need commercial auto insurance. If you don’t have any employees, then you would need insurance for workers. However, it can be helpful to speak to an independent insurance agent so that you can learn what it is that you do need. Various types of coverage can be explained to you and recommendations can be made so that you can get the most comprehensive coverage possible.

Start exploring commercial insurance today by contacting the TCU Agency.