Contact Us: (718) 848-7777
UG Insurance Brokerage Inc
  • Quotes
    • Auto Quotes >
      • ATV Insurance Quote
      • Auto Insurance Quote
      • Classic Car Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Commercial Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Commercial Auto Insurance Quote
      • General Liability Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • Health Quotes >
      • Health Insurance Quote
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Medicare Advantage Plan Quote
      • Medicare Supplement Coverage Quote
      • Vision Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Event Insurance Quote
      • Umbrella Insurance Quote
      • Travel Insurance Quote
      • Wedding Insurance Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Online Documents
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Commercial >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Commercial Auto Insurance
      • General Liability Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
    • Health >
      • Health Insurance
      • Critical Illness Insurance
      • Dental Insurance
      • Medicare Advantage Plans
      • Medicare Supplement Coverage
      • Vision Insurance
    • Other >
      • Event Insurance
      • Travel Insurance
      • Umbrella Insurance
      • Wedding Insurance
  • About
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Newsletter Signup
    • Blog
    • News
    • FAQs
  • Business Directory
  • Contact
  • Quotes
    • Auto Quotes >
      • ATV Insurance Quote
      • Auto Insurance Quote
      • Classic Car Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Commercial Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Commercial Auto Insurance Quote
      • General Liability Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • Health Quotes >
      • Health Insurance Quote
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Medicare Advantage Plan Quote
      • Medicare Supplement Coverage Quote
      • Vision Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Event Insurance Quote
      • Umbrella Insurance Quote
      • Travel Insurance Quote
      • Wedding Insurance Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Online Documents
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Commercial >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Commercial Auto Insurance
      • General Liability Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
    • Health >
      • Health Insurance
      • Critical Illness Insurance
      • Dental Insurance
      • Medicare Advantage Plans
      • Medicare Supplement Coverage
      • Vision Insurance
    • Other >
      • Event Insurance
      • Travel Insurance
      • Umbrella Insurance
      • Wedding Insurance
  • About
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Newsletter Signup
    • Blog
    • News
    • FAQs
  • Business Directory
  • Contact

UG Insurance Brokerage Inc Blog

All You Need to Know About Commercial Insurance in 2021

4/20/2021

1 Comment

 
Picture
No business owner can get precisely accurate on forecasting the market. 2020, which no one has foreseen, has been one of the greatest letdowns in the business world. This was the year when the COVID-19 pandemic spread across the globe. At this rate, business owners thought twice about continuing as physical stores continued to close down. 
​
Commercial insurances are coming into the equation to reduce or eliminate losses made by unanticipated events such as this one. Read on to know more about it:
Definition
Commercial insurance is separated from personal insurance plans as these are directed wholly to protect employees and/or clients of a certain business. This insurance coverage also has different types like professional liability, property, and auto insurance.

Types of Commercial Insurance
Here are the types of commercial insurance available for you:

Commercial Property Insurance
Your land property, office, and inventory are where your money is. Once taken away, the business will surely go downhill. This insurance plan covers all things mentioned.

Simply put, commercial property insurance covers the damage or loss of things within your business property due to fire, theft, or flood.

Commercial Auto Insurance
Suppose you have vehicles named under your business to be used for operations like logistics, and official business travels like meetings and marketing use. In that case, this type of commercial insurance can cover expenses caused by break-ins or accidents.

General Liability Insurance
This type of commercial insurance protects the company from lawsuits from copyright infringements or injury of an individual that occurred on your place of business.

Employment Practice Insurance
Human resources can also be a source of unnecessary expense in the sense of receiving a complaint about not hiring a person, discrimination, harassment, unjust dismissal, and many more.

Excess Liability Insurance
This type of insurance covers things beyond policies but still falls under the commercial business property. Basically, this is an addition to your general liability insurance coverage. This only activates when the expenses fallen under general liability have been used up to their limit.

Conclusion
A thorough check, review, and analysis of certain business needs is required in applying for commercial insurance. Some might already be covered by other plans and can still charge you for an additional, or you might have obtained a plan that you would not use or need.

At UG Insurance Brokerage Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (718) 848-7777. Get your free quote today by CLICKING HERE.
1 Comment
Alice Carroll link
5/9/2021 04:15:22 pm

Thanks for the reminder that I will also have to consider transport vehicles as well when it comes to planning to have a business insurance plan. I'm interested in finding a provider soon because I will be opening my business later this year of early next year. Getting some advice on what I should be prioritizing when it comes to insurance would be very helpful.

Reply



Leave a Reply.

    Contact Us

    (718) 848-7777
    11429 Lefferts Blvd
    South Ozone Park, NY 11420​​
    Click Here to Email Us

    Archives

    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020

    Categories

    All
    Auto Insurance
    Business Insurance
    FAQs
    Financial
    General Liability Insurance
    Health Insurance
    Home Insurance
    Insurance
    Life Insurance
    Local
    Mortgage Protection Insurance
    Safety
    Workers Compensation

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Share This Page

Contact Us

UG Insurance Brokerage Inc
11429 Lefferts Blvd
South Ozone Park, NY 11420​
(718) 848-7777
Click Here to Email Us
Review Us

Location

Website by InsuranceSplash