Let us guess… you have a small business, but you haven’t looked into business or commercial insurance yet. Well, you’ve come to the right place. Business insurance protects you from the unexpected costs of running a business, including business-related accidents, natural disasters, and potential hefty lawsuits from clients who may be accidentally injured at your business.
You don’t want to let things get to the point where you have to pay out-of-pocket fees for damages or legal claims that could be against your company. In most states, it is actually required for businesses to have insurance. Some of the popular business insurance items that small or large-scale business owners consider include a business owner’s policy, business liability, commercial property, and commercial auto policies. Here is a run down of some important policies you should look into if you own a business, small or large.
Workers Compensation
Worker’s compensation is an important insurance to attain when owning a business with employees. This policy will cover funds or lawsuits that could come up if an employee gets injured on duty.
Business Owner’s Policy
Business Owner’s Policy, also known as the BOP, is a comprehensive plan that includes business property, business liability and business income insurance.
Business Property
Also known as commercial property, business property insurance secures and protects the physical business and its assets including furniture, accessories, or anything within the business.
Business Liability
Business liability policies protect the business owner from possible liability claims or lawsuits made against their business.
Business Income Insurance
Business income insurance helps cover certain lost income if your business is temporarily interrupted or halted due to environmental or other reasons. This insurance can help replace possible loss of income in the event of a natural catastrophe.
In summary, having business insurance not only protects your interests and assets, but also potential clients, customers, and visitors. Insurance policies for your business provides credibility for your company and total peace of mind for everyone involved. Talk to one of our representatives today to learn more about business insurance for your company. We are always here for you and your business.
