Property Insurance:

You’ll want to protect the property your business owns, leases or rents, including things like buildings, equipment, inventory, furniture and fixtures. This coverage also covers things such as loss of accounts receivable and valuable papers and records.

Liability:

Liability insurance also known as Commercial insurance protects you in the event you are sued for claims that come within the coverage of your liability insurance policy. If you are a small business owner, there are many reasons why you should learn more about what commercial insurance means to you.

What does Liability Insurance Cover?

The insurance you choose depends upon the details of your business. Some people choose professional liability insurance, some choose general liability insurance, and many select both.

General liability insurance also known as Commercial General Liability (CGL) protects your business from another person or business’s claims of bodily injury, associated medical costs and damage to property.

Professional liability insurance is also known as errors and omissions. If you have a professional services business, having errors and omissions insurance coverage can be an integral part of protecting your business. Accusations of negligence or the failure to perform your professional services are things that any professional services business can be sued for, even if it hasn’t made a mistake.

Business Owners Policy (BOP) is a combination of general liability and business property insurance. BOP insurance is often used to provide balanced coverage for small businesses who also want to protect their own business equipment. Some examples of what could be covered are below:

● Office insurance for fire and business interruption.
● Electronic data loss insurance.
● Hired or non-owned vehicle liability insurance.
● Commercial Crime insurance to cover the dishonesty of your employees.

Worker’s Compensation:

Workers Compensation is a system of state laws that ensure that injured workers receive prompt and fair compensation for work-related injuries and diseases. In most states, laws require you to pay for an injured worker’s medical care, lost wages, and death benefits. Failure to have workers compensation insurance can leave you liable to pay for benefits out of pocket, and subject to fines or penalties by the state.

Auto:

Commercial Auto Insurance helps cover financial expenses if an employee is found at fault in an auto accident, covering costs such as damaged property and medical expenses.

Home Based Business Insurance:

Millions of self-employed professionals operate their businesses from home and rely on their homeowner’s insurance policies to provide protection for their home based businesses. While your house is protected, your important business files, equipment and operations may not be. To properly secure your home business, you should seriously consider home based business insurance.