Commercial insurance is essential for a business. It can save your business from having huge, unplanned expenses because of an accident or other incident. It's helpful to know about the commercial insurance policies required for your business. The state of Wisconsin mandates specific policies for certain companies. Is your business among them? Call us at Ziegelbauer Insurance to find out more.
Workers' Compensation Insurance
Wisconsin businesses are generally required to have workers' compensation insurance when they have at least three employees. These employees can be part-time or full-time. When you have this number of employees, it's also beneficial to have this coverage to protect your business from many risks that employees face daily. If an employee were to slip and fall or have another kind of accident, it could be devastating to your business to have to pay for all the bills that ensue. This may include legal costs, lost wages, medical bills, and ongoing physical therapy. Workers' compensation insurance ensures that these bills are paid without harm to your business.
Commercial Auto Insurance
When your business is the owner of one or more vehicles, you must have commercial auto insurance for each. Every vehicle owned by a Wisconsin business has specific types of coverage that are required to be in the policy. These include two amounts for bodily injury liability, one amount for property damage liability, and two other amounts for uninsured motorist coverage. If you have a personal policy on a work vehicle, it isn't likely to pay out after an accident. To stay legal, make sure you have a commercial policy protecting your business from liability. You can also add other types of coverage onto the policy for even more financial protection.
Get Your Commercial Insurance Policies
At a minimum, you need the types of commercial policies that keep you operating legally. A smart business owner looks to cover themselves in all aspects. To get started with insurance, call us at Ziegelbauer Insurance.