Did You Know Business Insurance Could Cover This?

Did You Know Business Insurance Could Cover This?

Did You Know Business Insurance Could Cover This?

Here are some of the unexpected things that commercial insurance can cover.

As a business owner, you know that commercial insurance will protect you if your business’s property is damaged or if a customer is injured on your premises. However, you may be surprised to learn about all the other things that your commercial insurance can cover. Here are some of the surprising issues that business insurance will address.


While this is not a risk that many business owners face, if you have received threats or frequently travel to unstable parts of the world, you do run the risk of being kidnapped. Luckily, you can actually secure a commercial insurance policy to cover the cost of your ransom. Adding a kidnap and ransom endorsement to your professional liability policy will ensure that you have coverage for this specific threat.

Product Recalls

Product recalls occur when there is a major defect in a product that a company manufactures or distributes. Because this faulty product poses a risk to the consumer, the company must remove the item from sale and also issue warnings to all consumers that may have purchased the product. This naturally results in considerable losses for the company. Fortunately, most product liability policies include coverage for product recalls. This insurance will cover the cost of recalling products and destroying the defective ones.


If your business works with food or other perishable items such as flowers or tobacco, you would face considerable losses if your refrigeration system were to fail. However, adding spoilage coverage onto your commercial property policy will ensure that you are reimbursed for the items that have gone bad as a result of equipment failures or a power outage.

These are just a few of the surprising issues that commercial insurance can cover.  Interested in learning what the right business insurance can do for your company?  If so, don’t hesitate to contact the experts at Club Agency Insurance Brokerage in Garden City, New York.  Our dedicated agents are ready to assist you with all your commercial coverage needs today.

COVID-19 Update:

At RMS and associated firms, business continues as usual. Our staff is remote-capable and available to handle all partners, brokers, and insureds at the present time. Contact us today!Executive Order for Policyholder Payments