Are you looking for an insurance agency in New Mexico to cover your business? With so many agencies and coverage options available, finding the right ones for you can be a bit problematic. As you go further in your search, it’s good to understand the basics of business insurance. This will help you to not become overwhelmed with the technical language that typically surrounds insurance policies.

Liability Insurance

Also known as general liability insurance, and not to be confused with professional liability insurance, it covers your business against lawsuits stemming from a non-employee sustaining bodily injury or property damage as a result of your business. This even includes accidents such as a customer hurting themselves in your office. These policies usually cover any payments towards lawyers’ fees, settlements or judgments.

Professional Liability Insurance

Professional liability coverage is best-suited for those who provide professional services. It covers your business in case a client feels your service caused them to experience some sort of loss. Medical practitioners, legal professionals, business consultants, mortgage brokers and interior decorators are examples of providers who will likely need this type of coverage.

Commercial Property

Just about everything you use to conduct your business can be covered under commercial property insurance. This policy will cover the costs associated with repairing or replacing property such as your building, furniture, computers and data.

Don’t be afraid to take your time finding the right insurance agency in New Mexico that meets your needs. Read all the documentation and get all your questions answered before finalizing your decision.