Owning a business, large or small, in Connecticut is something that many of our clients at Max Sadlak Agency strive to achieve. Once they make their mark into their preferred industry, we like to give them all of the commercial insurance options available for the company's protection.
According to the Connecticut state law, all businesses operating with more than one employee are required to carry Worker' Compensation insurance coverage. This is designed to protect employees who are hurt on the job, saving their job and covering any medical expenses related to the injury.
Connecticut state law also requires business owners who utilize vehicles of any make or model for business purposes to carry commercial auto insurance on the vehicle(s). Like workers' compensation, this policy protects the employees who have been assigned to complete tasks in these vehicles and are subject to auto accidents.
Absolutely. You can supplement your commercial insurance plan to carry a number of liability coverages, many of which are protecting the business assets and your personal assets as the owner in the event of a lawsuit. When your business is sued due to some form of injury caused by your property, assets such as homes, cars, ATVs, and other property can be confiscated to cover the cost differences.
Like a home residence or an automobile, your business could become subject to theft or vandalism on site. This requires any stolen or damaged product to be replaced, which can be financially grueling, especially for a new business owner in the state of Connecticut. With comprehensive coverage for property and products, your business will not suffer the intended loss and continue to operate successfully despite the need for replacements and repairs.
If you are a current Connecticut business owner or looking to make that leap in the near future, it is vital that you consider the benefits of commercial insurance. At Max Sadlak Agency, we look forward to helping you get the coverage you need. Call us today for more information.