Contact Us: ​(708) 233-8870
PFS Insurance Brokers part of Pro Financials & Insurance Services Co.
  • Home
  • Quotes
    • Auto Quotes >
      • Auto Insurance Quote
      • SR22 Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
    • Property Quotes >
      • Home Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • Other Quotes >
      • Event Insurance Quote
      • Travel Insurance Quote
      • Umbrella Insurance Quote
      • Mexico Policy Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Policy Review
    • Online Documents
    • Customer Portal
    • Bonds Issuance and Payments
    • Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • SR22 Insurance
      • Motorcycle Insurance
      • Roadside Assistance
    • Property >
      • Home Insurance
      • Landlords Insurance
      • Renters Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Insurance Bonds
      • Workers Compensation
    • Other >
      • Event Insurance
      • Travel Insurance
      • Umbrella Insurance
      • Mexico Policies
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Newsletter Signup
    • Accessibility Statement
    • Privacy Policy
    • Blog
    • News
  • Contact
  • Home
  • Quotes
    • Auto Quotes >
      • Auto Insurance Quote
      • SR22 Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
    • Property Quotes >
      • Home Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • Other Quotes >
      • Event Insurance Quote
      • Travel Insurance Quote
      • Umbrella Insurance Quote
      • Mexico Policy Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Policy Review
    • Online Documents
    • Customer Portal
    • Bonds Issuance and Payments
    • Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • SR22 Insurance
      • Motorcycle Insurance
      • Roadside Assistance
    • Property >
      • Home Insurance
      • Landlords Insurance
      • Renters Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Insurance Bonds
      • Workers Compensation
    • Other >
      • Event Insurance
      • Travel Insurance
      • Umbrella Insurance
      • Mexico Policies
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Newsletter Signup
    • Accessibility Statement
    • Privacy Policy
    • Blog
    • News
  • Contact

PFS Insurance Brokers Blog​

Importance Of Business Insurance For Real Estate Companies

11/17/2020

2 Comments

 
Picture
​Right now, people and businesses are facing uncertainties due to COVID-19. No doubt that real estate is among the industries that try to keep afloat in these challenging times. During regular business operations, business owners are at risk of encountering events that could bring financial losses to their companies. Real estate companies are not exempted from this kind of risk.

Therefore, any real estate company needs to protect its business. One course of action is getting business insurance coverage.
Real Estate Companies Need Business Insurance
Like any other business, real estate companies need to protect themselves and their assets from any unexpected event that might put your financials in jeopardy. It can cover the expenses incurred from liability claims and property damage.

If a business insurance policy does not cover your business, you might need to pull out money from your pocket or your business funds to cover the costs. Some legal claims and damages can potentially drain your business funds. One devastating event could ruin your finances. So, business owners must get business insurance.

For example, you are touring a prospective buyer, he accidental tripped over due to an uncovered cord and broke his leg. Your business insurance can cover medical expenses to treat that person. If he decided to file a lawsuit against you because of the incident, the policy could also pay your legal fees and the damages you must pay as ruled by the court.

Types Of Coverage For Real Estate Companies
  • General liability insurance. It can cover your business from financial loss associated with property damage or personal injury caused by your company or employees. Liability claims in the earlier example will fall under this coverage.
  • Commercial Property Insurance. It provides coverage for your business building and assets in the case of burglary, fire, or natural disaster. Your insurer can cover the expenses in repairing or replacing the damages in the commercial property and business assets such as furniture or documents.
  • Commercial Auto Insurance. Real estate companies could benefit from having this coverage available. If your worker is driving a company car and hits someone while driving to work, this coverage can cover the injured person's medical expenses. It can also cover the costs for a damaged property like if your employee runs over a residential house fence.

Conclusion
A variety of business insurance coverage is available for business owners. You can select the coverages that suit the needs of your business. You can customize it to provide better protection from risks that are specific to your industry. Always consider protecting areas that are vital to your business operation.

At Pro Financials & Insurance Services, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (708) 233-8870 or Click Here to request a free quote.
2 Comments
Taylor Hicken link
7/6/2021 09:38:06 am

I appreciated it when you shared that it is important to choose the right coverages that suit the needs of your business. In this way, you can ensure that your organization is well protected in case of any unwanted circumstances. I would like to think if someone is planning to start a company, he should consider getting business insurance from a reliable provider.

Reply
Braden Bills link
10/4/2021 07:46:41 am

My friend wants to make sure that his business is properly insured. It makes sense that he would want to get insurance plans that help cover his employees, too. That seems like a good way to protect him from all sorts of payments.

Reply



Leave a Reply.

    Contact Us

     ​(708) 233-8870
    14208 McCarthy Rd
    Lemont, IL 60439​
    Click Here to Email Us

    Archives

    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020

    Categories

    All
    Auto Insurance
    Business Insurance
    FAQs
    Financial
    Home Insurance
    Insurance
    Local
    Safety
    ​Workers Compensation Insurance
    ​Workers Compensation Insurance

    RSS Feed

Licensed in  Illinois, Indiana, and Michigan.

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
​Privacy Policy
Contact Us
Agent Login

Connect With Us

Share This Page

Contact Us

PFS Insurance Brokers part of Pro Financials & Insurance Services Co.
14208 McCarthy Rd
​Lemont, IL 60439
(708) 233-8870​
Click Here to Email Us

Location

Lemont, IL, USA - panoramio (26) photo by Alex Hughes | CC-BY-SA-3.0 | Website by InsuranceSplash