Small Commercial Insurance

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Our Tedford Small Business department has been designed to meet the needs of today’s small business owners. We appreciate the unique challenges that face a growing organization, which is why our team takes the time to understand your business so we may obtain the right coverage for you at a fair price.

Our professionals are waiting to assist you with any or all of the following:

• General Liability
• Commercial Property
• Workers’ Compensation
• Commercial Auto
• Loss of Income
• Directors and Officers Liability
• Umbrella/Excess Liability
• Professional Liability / Errors and Omissions Liability

There are also optional coverages available that let you tailor your policy to fit your specific business needs.

Property and Liability insurance

Why would you need business insurance?

Any accident at the worksite, be it big or small, can have devastating effects on your business. Is there a way to prevent a small business from having big losses? There are two of them; property insurance and liability insurance, and you typically can get both with a single Business Owner’s Policy (commonly known as “BOP”).

What property insurance is all about:

Business insurance on property provides coverage on physical assets: buildings, machinery, valuable documents, inventory, computers, records and more. Property insurance can also be used to replace income in case your business is forced to suspend operations after suffering a covered loss.

For example, a fire damages or destroys your building: Depending upon the broadness of your policy, in addition to rebuilding/repairing the building, you may also receive lost income that will pay your continuing expenses should you need to relocate for the interim and until such time as the premises becomes fully operational again. (Loss of Income and Extra Expense coverage is often an optional item, so be sure to review your policy or check with your agent.)

What liability insurance is used for:

Business insurance on liability is used specifically to protect valuable assets of your business in case the actions of your company have caused property damage or bodily injury to any third party.

For example, liability business insurance will cover your expenses in the event someone claims to have been adversely affected by your product. Another example is it may cover your court defense costs if a competitor takes legal action against you.

Liability and property business insurance

The majority of insurance carriers combine the primary property and liability insurance coverage into a single business owner’s policy; which usually costs less than buying both types of coverage on separate policies. The limits of each type of coverage can be adjusted specifically to your needs; making the policy more relevant to the risks of your business.

Thank you for taking the time to learn about the various small business insurance products and services we have to offer. It is our hope that this information is beneficial to you. If you have questions, or need clarification, please do not hesitate to contact our office at 918-299-2345. We look forward to our future relationship with you.

At Tedford Insurance, your small business is not small business to us!