There are dozens of moving parts in play with running a business, including insurance. Protecting both your personal assets and business from potential losses is critical, even if you operate a small home business.
Here are several types of insurance that deserve a look:
General liability can provide broad coverage in an array of situations. These may include someone getting injured at your business location, damage caused to a customer's property or damage resulting from the use of your product or service.
Also known as errors and omissions (E&O) insurance, professional liability insurance helps with negligence claims related to professional performance. Therapists, doctors and attorneys are just a few professions that are required to carry a professional liability policy.
If a disaster causes an interruption of your business operations, this type of insurance may help out. Coverage can include the revenue you could have earned (based on financial records), as well as bills like electricity that continue despite a temporary standstill.
This insurance option may be useful for commercial locations, as well as computer equipment, documents, money and more. It helps protect against loss or damage due to unexpected events, which may include vandalism, severe weather and fire.
If an employee is injured or dies as the result of his work, workers compensation may be beneficial for medical treatment, disability or death benefits. Situations that may lead to workers' compensation can range from slip-and-fall injuries to medical conditions like carpal tunnel syndrome.
This type of insurance helps protect a business from potential financial losses if crucial personnel die or are unable to work for an extended period. The term "key persons" may include individuals directly associated with the business whose loss would cause financial hardship, like a founder or CEO.
Try a thing you haven't done three times. Once to get over the fear of doing it. Twice, to learn how to do it. And a third time to figure out whether you like it or not. "Never let the fear of striking out keep you from playing the game."
If you own an existing business or are making plans to start a new one, we should talk. I can show you customized coverage for common risks related to property, loss of business income, liability, equipment breakdown, commercial property, tools and equipment coverage, and much more.
Bundling business auto insurance can help to keep cost down with the multi-policy discount. We understand that your business vehicle(s) are necessary from getting you and your products or services from point A to point B, servicing your customers and daily operations.
You've worked hard to create a business and you can protect yourself and your hard work with a business umbrella policy.
We typically issue same day certificates of insurances at no additional charge.
Need a bond for your next project? Let me know.
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