No business is safe from the possibility of being sued. Luckily, there are insurance options for business owners who want protection against lawsuits. Renee Oliver Insurance Agency Inc. in Silver Spring, MD is here to help you understand how to secure your business when needed.

Which type of insurance helps protect a business against lawsuit judgments?

Commercial insurance is a type of insurance that helps businesses cover the costs of legal action taken against them. The policy will typically cover any claim made against the insured company. Commercial insurance can help pay for damages, court costs, and legal fees if you are sued and found liable.

Commercial insurance is essential because even if a business is found not liable, it can still be subject to expensive legal fees and court costs. These expenses can quickly add up, especially if the company has many lawsuits involving potential damages over $50,000. Because of this, many businesses buy commercial liability insurance to protect themselves from the high costs of litigation.

There are different kinds of commercial insurance policies available. While some policies provide coverage for bodily injury and others for property damage, others offer both.

What are the other benefits of commercial insurance?

There are many other benefits of commercial insurance. One is that it can assist with a disaster. This can help a business to recover quickly and get back on its feet. Your policy could also help provide temporary help when your business is interrupted due to a disaster, vandalism, or other reasons.

Renee Oliver Insurance Agency Inc. in Silver Spring, MD offers commercial insurance to protect businesses against lawsuits. Coverage includes protection for business owners, employees, and property. Contact our office to learn more!