When Mt. Ephraim, NJ residents purchase a catch-all policy, they are not always aware of what is included and what is not included. Those who work with Marino Agency Inc. and are looking to obtain a new policy would do well to find out more about the coverage that they are receiving. 

What Is Covered By A Commercial Insurance Policy?

Businesses often purchase commercial insurance as a means of protecting themselves from various legal issues. When commercial insurance policies are purchased, they allow businesses to protect themselves from slip and fall claims and third party property damage. 

Obviously, these policies are a bit more involved and cover more than mere slips and falls. In order to truly understand these policies, it is more important to know what will NOT be covered.

What Is Not Included?

These insurance policies are not going to serve as a catch-all for any issues that may come your way. There are numerous accidents and incidents that will not be covered. If the business is proven to be negligent or they are believed to be behaving in a certain manner on purpose, commercial insurance policies are not applicable.

A business owner must also purchase a separate insurance policy to protect their property or the building that they are using. Those who make the assumption that their property is covered by a typical commercial insurance policy will be left holding the bag for any damages that take place to these structures over the course of their ownership. 

Mt. Ephraim, NJ residents who wish to learn more about the ins and outs of their commercial insurance policy are urged to contact Marino Agency Inc. as soon as possible, so that they can further educate themselves. It has never been easier to select the right commercial insurance policy for your needs.