Commercial Insurance

Commercial Insurance Policies

For many potential business losses and liabilities, there is commercial insurance. There are several coverage types that are required in Alabama, and there are several that aren't required but may be recommended for your business type. With Alabama One Insurance, we can help you to understand these policies and choose the best ones for the coverage you need.

Alabama Insurance Laws

As with other types of insurance, there are laws that govern commercial insurance in Alabama. This kind of insurance is issued to businesses, and there are many types of commercial policies. One that is required for businesses with at least five employees in Alabama is workers' compensation policies. All members of the staff are counted, including part-time workers and corporate officers. This is required even if the company is incorporated as a limited liability corporation.

Commercial Autos

Any vehicle in Alabama that is owned by a company has to be covered by a commercial auto insurance policy. These policies have specific amounts of coverage required for property damage liability as well as bodily injury liability amounts per person and per accident. All company-owned motor vehicles are required to have all of these coverages.

Other Coverage Types

There are several liability coverage types that aren't required by law but are recommended for some business types. These include professional liability insurance, cyber liability insurance, and general liability insurance policies. These can help you to protect your business against a number of different liability suits that are becoming more and more common. For online businesses, cyber liability insurance is a must in today's climate of security concerns. For offline businesses, other liability types can go a long way toward closing your liability gap.

Get Your Business Covered

If you need commercial insurance, Alabama One Insurance can help. We can show you exactly what is required for your business as well as what will help protect the future of your company.