Insurance is important in all aspects of peoples’ lives- including their businesses.
Insurance assists business owners when both expected and unexpected events occur. There are several types of insurance which all businesses should have. They are described below.
General Liability
General liability insurance protects you and your business from customer claims of bodily injury and property damage. Companies without general liability insurance can be blindsided with legal expenses following accidents. All responsible business owners should be prepared for the unexpected with this type of insurance.
Professional Liability
Professional liability insurance is so important, it is required by some states. Even if you live in a state where professional liability insurance isn’t required, it’s still a good idea. This type of insurance provides professionals from lawsuits which come as a result of dissatisfied clients.
Workers’ Compensation
Like professional liability insurance, workers compensation insurance is deemed essential by some states, regardless of company size. No matter what a company does, there is always a risk of employees getting injured on the job. This allows companies to avoid paying out of pocket for medical bills and avoid lawsuits.
Business Property
Business property insurance protects against damage businesses might experience due to extreme weather, theft, and other unexpected circumstances. This insurance protects physical assets including buildings, tools, equipment. Without this type of insurance, businesses are liable to fix or replace all assets damaged by the unforeseen circumstances.
Protect your business, your employees & yourself.
You can’t afford to not be protected.