If you are a business owner and are looking for an insurance policy in Caldwell, Idaho, then you may have noticed that there are different types of commercial insurance. In order for you to be able to make an informed decision, you will want to the difference between the basic form and the special form of the policy. Here are some of the things that you will need to know.
Basic Form vs Special Form of Commercial Insurance
Basic form of commercial insurance is the most limited form of the policy that you can buy. The policy may only cover losses from fire, wind, riots, motor vehicles, smoke damages, theft, vandalism, and a few other perils. Anything outside of this list may not be covered; leaving you to pay for the repair or loss that your business has sustained.
Special form of the commercial policy gives you the most protection for your money. This kind of coverage does not provide a list that has to be followed for benefits, but rather covers things from direct physical loss. There may be some exclusion listed on the policy so it is best to consult your local insurance agent for these conditions.
In order for you to be protected from loss, you will need to have a commercial insurance policy for your business. With the different types of insurance coverage available for business owners, you will want to consult with your local agent for details. As your local insurance agents we can provide you with the details that you need to put together a policy to cover all your exposures. Call us today and let us help answer your questions and quote you a policy today.