ABSTRACT INSURANCE AGENCY

At Abstract commercial insurance can be very simple.  Locating a reliable agent who specializes in commercial insurance can be a hassle when it comes to providing you with the right coverage. It is best to let the agents at Abstract Insurance  secure you with the right coverage and protection. Our agents will offer and discuss different types of commercial insurance with you and assist you in selecting the best type for your particular needs.

Commercial insurance can be instrumental in protecting a business from potential loss caused by unforeseen and unfortunate circumstances.

Commercial insurance can provide valuable protection against such things as theft, property damage, and liability. It can also provide coverage for business interruption and employee injuries. A business owner who chooses to operate a business without insurance puts his enterprise at risk of losing money and property in the wake of an unfortunate event. In some situations, a business owner may even place personal money and property at risk by failing to secure adequate commercial insurance.

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• What are the Coverages? 
• Bodily injury liability coverage – pays for bodily injury or death resulting from an accident for which you are at fault and provides you with a legal defense.
  
  
• Property damage liability coverage – provides you with protection if your car accidently damages another persons property. It also provides you with a legal defense.
  
  
• Combined single limit (CSL) – Liability policies typically offer separate limits that apply to bodily injury claims for property damage. A combined single limits policy has the same dollar amount of coverage per covered occurrence whether bodily injury or property damage, one person or several.
  
  
• Medical payments, no-fault or Personal Injury Coverage – usually pays for the medical expenses of the driver and passengers in your car incurred as a result of a covered accident regardless of fault.
  
  
• Uninsured motorist coverage – pays for your injuries and, in some circumstances, certain property damage caused by an uninsured or a hit-and-run driver. In some cases, underinsured motorist coverage is also included. This is for cases in which the at-fault driver has insufficient insurance.
  
  
• Comprehensive physical damage coverage – pays for damage to or replacement of your car from theft, vandalism, flood, fire, and other covered perils.
  
  
• Collision coverage – pays for damage to your car when it hits or is hit by another object.