Commercial insurance is a necessity for every business. However, it doesn’t provide coverage for all potential scenarios. There are more exclusions than one might initially presume. When considering purchasing a commercial insurance policy, it’s essential to grasp what it does and doesn’t cover. Our team at Birmingham Insurance Agency LLC, based in Birmingham, AL, is here to guide you through the standard exclusions typically found in commercial insurance plans.
Typical Exclusions in Commercial Insurance
Commercial insurance commonly excludes general liability and commercial property aspects. General liability insurance does not cover expected or intentional harm, contractual liabilities, and pollution.
On the other hand, commercial property insurance does not cover damage due to improper maintenance, intentional damage, or natural disasters. Since standard commercial insurance doesn’t cover these situations, it’s vital to understand what your policy protects against to avoid potential harm to your business in the long run.
Other Probable Exclusions
Apart from general liability and commercial property, certain incidents might only secure coverage if purchased separately using umbrella insurance. These can include employee injuries such as workers’ compensation and vehicle accidents, typically covered by commercial auto insurance. You also have options for professional liability insurance and cybersecurity insurance.
It’s important to remember that some policies do include these exclusions. As policies differ across providers, being aware of the most common exclusions is crucial. If you need any clarification, a representative from Birmingham Insurance Agency LLC in Birmingham, AL, can help you understand what specific insurance plans include.
In conclusion, while commercial insurance is an absolute must for any business, it does have limitations. Additional coverage options might be required to ensure comprehensive protection. If you’re interested in exploring the available commercial insurance plans and additional coverage offerings, please contact us today.
