INSURANCE

As soon as you open your doors for business you are exposed to risks. One lawsuit or catastrophic event could be enough to wipe out a small business. Businesses have access to a wide range of insurance types to protect them against these dangers. Here are some common insurances you may want to consider.

Professional liability insurance, also known as errors and omissions (E&O) insurance, covers a business against negligence claims due to harm that results from mistakes or failure to perform.

Property insurance is needed whether a business owns or leases its space. This insurance covers equipment, signage, inventory and furniture in the event of a fire, storm or theft.

Workers’ compensation insurance covers medical treatment, disability and death benefits in the event an employee is injured or dies as a result of his work with that business. Even if employees are performing seemingly low-risk work, slip-and-fall injuries or medical conditions.

Homeowner’s policies don’t cover home-based businesses. If you’re operating your business out of your home, ask your insurer for additional insurance to cover your equipment and inventory in the event of a loss.

If your business manufactures products for consumers, product liability insurance is a must. Even products that are considered generally safe can be named in a lawsuit due to damages. products.

Company vehicles should be insured to protect businesses against liability if an accident should occur. If employees are using their own cars, their own personal insurance will cover them in the event of an accident. One major exception to this is if they are delivering goods or services for a fee.

If a disaster or catastrophic event does occur, a business’s operations will likely be interrupted. During this time, your business will suffer from lost income due to your staff’s inability to work in the office, manufacture products or make sales calls. This type of insurance is especially applicable to companies that require a physical location to do business. Business interruption insurance compensates a business for its lost income during these events. By having the right insurance in place, a business can avoid a significant financial loss due to a lawsuit or catastrophic event.

Insurance Services Offered:
We have a full range of insurance products for your business and personal needs including auto, home, life and umbrella policies.

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