Commercial Insurance in Pennsylvania
Small businesses are an intricate part of Pennsylvania culture. By the same token, the great commonwealth is one of five states that lead the way in petty lawsuits that threaten entrepreneurs in the financial field every year. With so many possibilities of being sued, it may be your first inclination to give up on business ownership. You should consider acquiring the right commercial insurance first, though, through Asset Planning Insurance Group, LLC in Johnstown, PA.
About Commercial Liability Insurance
General liability insurance works so that your financial losses are paid for under the policy that you choose. Intruders who smash your window to get into the building and destroy property while looking for valuable possessions can cost you a pretty penny if all repairs come from your savings and company revenue. Commercial insurance works so that you only have to pay a small deductible fee.Your indemnity company foots the bill for the rest of the cost within the policy limits.
Bodily injury and legal defense are others measures covered under a good insurance plan. You never know when an employee will injure themselves and there is no telling how much they may sue you for in the state of Pennsylvania. It is best to have a good plan that shields you from paying thousands out-of-pocket for medical bills as well as legal representation. Workers Compensation is a requirement if you have over a certain amount of employees.
Minimum Requirements in Pennsylvania
There is no minimum when it comes to general liability business insurance in Pennsylvania. You can go without the added protection of a good plan and conduct business in the state. It is better, though, to seek out indemnity coverage that protects your assets in a frivolous lawsuit or other spontaneous instances.
You should speak with a friendly agent at Asset Planning Insurance Group, LLC if you are planning to obtain commercial insurance in Johnstown, PA or a surrounding region. Call today for a quote from an experienced professional who understands the ins and outs of Pennsylvania commercial insurance. Let us help you find the plan that works best for your business!