If you’re looking for business insurance in Philadelphia look no further! Contact the business insurance specialist at Humphries Insurance by calling 215-646-5633.
Need coverage today?
Call us before 12 o’clock Monday through Friday and one of our licensed business insurance representatives will be happy to help you.
Business Owners Insurance Philadelphia, One Call or Click Away!
Business insurance can be complicated and it’s important to work with an agency that represents a large number of insurance carriers that can meet your commercial insurance needs.
Please note a few different types of specific business insurance programs we offer in Pennsylvania:
- Contractors insurance Philadelphia
- Philadelphia tow truck insurance
- Landlord insurance Philadelphia
- Restaurant insurance Philadelphia
- Workers Compensation insurance Philadelphia
Business Insurance Philadelphia – Why It’s Important to Pick the Right Coverage?
Picking the right coverage is one of the most important decisions you’ll ever make when shopping for business insurance in Philadelphia.
And uncovered claim could lead to a significant out-of-pocket expense for the business or the owner which could regrettably include closure of the business.
Example: Tony Sims owns a family lumber yard that was founded in 1917 by his great grandfather Joseph Sims.
Their company specializes in providing material for the building industry and they offer free delivery.
One of Tony’s employees named Jonathan is making a delivery to a home builder on the north side of town. He receives a text message from his mother that his father had been rushed to the hospital because of a possible heart attack.
Jonathan was obviously very upset over this message and accidentally ran a red light running into a car driven by Janet Hicks.
This accident resulted in the death of Janet. Janet’s husband filed a multimillion dollar lawsuit against Sims lumberyard that resulted in a $5 million judgment.
Unable to pay for the judgment Sims lumberyard was forced into bankruptcy and the company was liquidated.
Sims lumberyard had purchased a $1 million auto liability policy but declined purchasing an additional $5 million umbrella policy offered to them just six months before the accident by their insurance agent.
This insurance mistake made by Sims lumberyard was not purchasing enough liability protection.
Call Us Today When You Need Business Insurance in Philadelphia!
As a leading independent insurance agency in Philadelphia we can help your company find the coverage you need.
Call us today at 215-646-5633 to speak with one of our commercial lines specialist when you’re shopping for Philadelphia Business Insurance.