If you are starting a new company, commercial insurance is one of the most important investments to make. The purpose of commercial insurance is to protect you as a business owner, your employees, and the company itself from severe financial losses. If you are still deciding whether you need commercial insurance or not, Keltner Insurance serving Memphis, TN has prepared the list of reasons why it is important to have this type of insurance:

• Comply with state laws. The state of Tennessee requires every company that has 5 and more employees to carry workers’ compensation insurance. Workers’ compensation is the type of coverage that will pay the bills if one of your employees is injured at the workplace. In addition, all companies that have a commercial vehicle must have proper commercial auto insurance as well. 
• Coverage of legal fees. It is quite common for a small business to become a target for lawsuits. For example, if your client or visitor falls on your commercial property and gets injured, you can get sued. Commercial insurance offers lawsuit protection, which means legal bills will be paid by your insurance company and will not drain your bank account. 
• Recovery from a business property damage.  Commercial insurance also covers for all replacement and repairs if your commercial property and business equipment get damaged. It also provides coverage for losses related to vandalism, fire, or theft. 

If you are a business owner from Memphis, TN or any surrounding area and you are looking for proper commercial insurance to protect your company, let Keltner Insurance help you. We are an independent insurance agency serving three states – Tennessee, Mississippi, and Arkansas. Do not hesitate to give us a call and find out how we can help you protect your business and yourself.