As a business owner, you have a duty to your employees, your customers and yourself to offer comprehensive protection from dangers both immediate and imminent. While you may take all the proper precautions to keep your premises safe and to safeguard your assets, accidents are called accidents for a reason, and you may find yourself on the end of a liability lawsuit despite your best intentions. That is why commercial insurance is absolutely necessary.

The right insurance agency can guide you through the various types of coverages and help you develop a policy that protects you against all possible exposures. The simpler packages include general liability and building contents coverage at a minimum, but you can make yours more comprehensive with an auto insurance policy, professional liability, workers’ compensation and fiduciary liability. By bundling all of the coverage you need into one package, you can accrue huge savings each year.

When building your commercial insurance policy, it is best to work directly with an insurance agent. You may not think that you need professional liability coverage, but if a customer is dissatisfied with your services, he or she could sue for E&O, and though you may not think you need fiduciary liability, a cyber-attack could end up losing your clients thousands of dollars, which you would be held liable for. The right policy can protect you against all possible scenarios, and while you would need to pay a premium each month, it could save you thousands to millions in the long run.