With so many coverage options available, it can be tempting for new business owners to simply settle for the lowest-priced insurance policy without working to find the coverage that meets their needs. If you’re searching for Brooklyn business insurance, here is a simplified breakdown of the most popular coverages that you’ll likely need to include in your policy.

Property Insurance

Property insurance covers your physical and digital property. In case of a fire, storm, theft or vandalism, it offers payment towards the repair or replacement of any covered items. Some policies even offer payment towards potential revenue you missed out on because of your lost or damaged property.

Liability Insurance

Liability insurance covers your business in case a non-employee claims that they were hurt or experienced some sort of loss because of your business activities. Any legal or medical fees will be covered by this part of your policy.

Workers’ Compensation Insurance

Workers’ compensation isn’t always required by law, but it’s highly recommended even if you only have one employee. Your policy will cover legal and medical fees and can be used to pay your employee’s salary while they’re away from work because of an on-the-job accident.

Understanding business insurance isn’t as difficult as it seems. Working with an experienced Brooklyn business insurance agent can make it even easier to find the coverage that meets your exact needs.