Business insurance can help protect your assets and ensure you can recover from unexpected events. Here’s a closer look at the types of coverage often available with business insurance in Albuquerque, NM.
General Liability Coverage
General liability coverage covers claims of bodily injury and property damage. This includes situations where a customer or visitor gets hurt on your premises. Your insurance can help cover their medical expenses.
This coverage also helps protect against damage claims involving your business operations, making it one of the most essential forms of coverage for business insurance in Albuquerque, NM.
Commercial Property Coverage
ABQ Insurance offers plans that include commercial property coverage, which helps protect physical assets from damage.
Some of the assets often covered include buildings, equipment, and inventory. In case of fire, theft, or vandalism, you can recover some or all the costs of replacing the damaged assets. This coverage may help your business continue running without major financial setbacks.
Workers’ Compensation Coverage
If you have employees, obtaining workers’ compensation insurance is essential. It covers medical expenses and lost wages for employees who get injured on the job. This insurance can also protect against lawsuits related to workplace injuries.
Professional Liability Insurance
Professional liability insurance covers claims of negligence or mistakes in your professional services. For example, if a client claims your advice caused harm, this insurance may cover legal fees and settlements.
These are a few examples of the types of coverage included with comprehensive business insurance policies in Albuquerque. Speaking with a local insurance company can help you explore options addressing your concerns.
