Commercial Insurance in Oklahoma
Every business owner who wants their business to prosper knows that they need commercial insurance. The purpose of commercial insurance, also known as business insurance, is to protect a business and investments from potential losses. It provides protection to commercial property that you own as a business owner and liability that arises from damages you may cause to others. If you are shopping for business insurance, Hexis Insurance serving clients in Oklahoma City, OK, and other surrounding towns of the state prepared a list of things you should know:
What Are the Four Basic Types of Commercial Insurance?
There are four main types of commercial insurance that most businesses need:
- Property insurance. This type of insurance covers commercial property you own and the contents from direct damage.
- General liability insurance. It covers property damage or bodily injury that you or your employees cause others.
- Commercial auto insurance. If you own vehicles that you use for commercial purposes, you will need this type of insurance.
- Workers' compensation insurance. This coverage takes care of the medical expenses and lost wages of an employee if they are injured at work and are unable to work.
How Much Does Commercial Insurance Cost?
The cost of business insurance depends on numerous factors, including the type of business, its location, the number of employees you have, whether you have any vehicles used for commercial purposes, and others. For example, if you own a construction business that is considered a high-risk business, you may pay more for your commercial insurance because of the additional coverage you need.
Suppose you run your business in Oklahoma City, OK, or any nearby town, and you need commercial insurance. In that case, you should contact Hexis Insurance - an insurance company that serves clients in Oklahoma. Our insurance agents will help you find the perfect policy based on the type of your business, budget, and other factors. Feel free to contact our office or give us a call if you have any questions.