Protect your company with business insurance

Dec 27, 2021

Protect your company with business insurance

Starting your own business can be exciting but also overwelming. Business Insuance is important for anyone who owns a company of any size.

You may work out of your home or might have multiple locations , Regardless of your size you are at risk . It is imperative that you protect your business and your assest accordingly. Having the correct amount of insurance for your business will give you the peace of mind you need to focus on other aspects of your busineess. As you e. grow your insurance needs will also grow that is why choosing an insurance professional that is vested in you is so important.

Here are some basic terminalogy to assist you :

General Liability - Is third party liability . This protects your business against unforseen claims. While this insurance is not required by law it can be required by certain contraxts or lease agreements.

Property or Contents Insurance : Protects your personal business items from damages covered by the policy - exp. theft, fire , wind/hail

Business Income: Covers in the event of a disruption caused by a covered perirl. This coverage helps you get temporary assistance to operate your business. Property coverage or Building coverage must be included in the policy in order to have Business Income.

Workers Compensation: If you have employees, then you need workers' compensation insurance. Most states require it if you have even one employee . State fines and penalties will be due if your employee gets hurt and you dont have coverage .

The state could even close your business if you dont have workers compensation.

Umbrella Coverage: If you have a claim that exceeds the limits of your current liabiity policy, umbrella insurance can provide extra coverage to protect your business and assets from financial risk.

You have more exciting things to do than worry about insurance . Let us help you get the coverage you need .

If you need assistance with your business insurance contact our office and we will be happy to assist you (305) 260177

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