Choosing the right insurance coverage for your small business is critical to keep operations running smoothly when a disaster strikes. The options can seem overwhelming, so it is imperative to discuss your needs with your insurance agent. They can help you find the best coverage to meet your needs without purchasing unnecessary policies.
Liability insurance protects your business when a customer, client or employee files a claim. Both public liability insurance and general liability coverage protect your business if a client is injured or their property is damaged on your premises.
Public liability won’t cover claims filed by vendors or investors, however. General liability is more costly but includes more comprehensive coverage. It also protects your business from reputational harm caused by libel and slander, as well as copyright infringement.
Workers’ compensation, which is required in most states, covers your employees if they are injured at work. It also protects the organization from future lawsuits by injured workers.
No business owner would do without property insurance. If a weather event, fire or theft results in property damage, this coverage pays to rebuild the premises and replace damaged equipment and lost inventory. Additional business interruption coverage can be purchased to keep your business running during the interim.
Find the best coverage to protect your small business from unseen events.