Kentucky Parking Lot Insurance
Frequently Asked Questions About
Commercial General Liability Insurance
How much does commercial insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number.
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it.
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Kentucky Parking Lot Insurance
Kentucky Parking Lot Insurance. Owning and operating a garage may seem like a simple business, but there are many liability risks you face as an owner. When people are on your property, there are at risk of being injured. If a person gets injured on your property, you could be held liable.
Having insurance is the best way for you to protect your business. What you need comprehensive insurance to protect your business from the damage of lawsuits. In this post, we'll take a look at some of the different Kentucky parking lot insurance policies you can get to protect your lot.
Kentucky parking lot insurance protects your garage from lawsuits with rates as low as $77/mo. Get a fast quote and your certificate of insurance now.
Liability Protection For Your Parking Business
Having liability insurance allows you to protect your business from many of the risks that can destroy it. Financial losses from third-party injury or property damage can be devastating for your garage when you don't have Kentucky parking lot insurance. Following are some of the different insurance policies you can consider to protect your business:
Commercial General Liability Insurance - Having this type of policy for your business gives you broad protection from many of the risks involved with this business. A Kentucky parking lot insurance covers you from many of the costs associated with lawsuits against your business. The most common claim against parking lots is 'slip-and-fall' usually after a rain or snow.
Garagkeepers Liability Insurance - KY parking lots accept their customers cars for parking, and they assume a legal liability for doing do. Garagekeepers liability insurance covers this exposure. It covers the parking lot if a customer's vehicle is damaged due to their negligence while it is in their care, custody or control.
Business Property Insurance - This Kentucky parking lot insurance policy keeps your business protected from fire, vandalism, smoke or any other event that can cause damage to your property. It also can protect the contents inside the garage and buildings you use for the operation of your parking business.
Business property insurance can also include business interruption coverage. When your business has to cease operations for a period, this is the insurance provides you with the coverage you need. It helps to cover the parts of your business such as rent, employee salaries, and other expenses that occur when your business operations are halted.
Business Owners Policy - This type of Kentucky parking lot insurance policy is designed to fit the needs of many small businesses. It creates and affordable package for property, liability, and business interruption coverage.
Employee Theft And Crime Coverage - This insurance protects your parking business from any costs associated with theft or dishonesty in your business by employees. This insurance provides coverage for any fraudulent acts in your business. You can't control what your employees do, but at least you can control the type of protection you have when they do something wrong.
KY Business Auto Insurance - When your business owns vehicles, you must have insurance to protect those vehicles. Commerical auto insurance is how you protect them. With business auto insurance you protect your vehicles if they get in an accident while working for your business.
Workers' Compensation - Workers comp is mandatory in most states for any non owner employees With KY workers comp, your employees get medical assistance if they are injured while working for you. Any medical cost associated with the injury is covered when you have this insurance for your business. If an employee is injured and the injury results in the death of that employee then this insurance will pay benefits to the surviving family of the victim.
Steps To Minimize Parking Garage Losses
When you own a parking lot or large garage, there are things you can do to increase the safety and the security of it. This will reduce the amount of slip and fall type claims you are exposed to. The best way to minimize cost is to fill potholes, clear sidewalks of obstructions and fix anything you find that can cause damage to the people who use your facilities. Anything you feel an individual may sue your business for you must take the time to have it fixed.
KY Parking Lot Insurance
As an owner of a parking lot or a KY garage, you should have Kentucky parking lot insurance policy to protect your business from the many risks you face. Now that you have an idea of the different insurance types available it's a good time to speak with a professional insurance agent and find the right insurance for you.
Request a Kentucky Parking Lot insurance quote in and all other KY cities. Also see Pennsylvania Parking Lot Insurance, New Jersey Parking Lot Insurance, Delaware Parking Lot Insurance, New York Parking Lot Insurance, California Parking Lot Insurance