How do I find out what types of insurance my business needs?

Owning a business of any size is a major responsibility. You have a lot to protect, and the right business insurance can help you do just that. In fact, having the right insurance can help ensure the continuity of your business despite unexpected bumps in the road, such as a lawsuit or natural disaster. But how do you know which types of coverage are right for you?

Talk to an Independent Agent

Scheduling an appointment with an independent insurance agent is one of the fastest and easiest ways to find coverage for your business. Independent agents do not work for individual insurance companies, which frees them up to provide coverage options from multiple leading providers in your state. Your agent can review your business and quickly determine which types of policies you could benefit from. There are many different types of business insurance, including:

Liability Insurance
Covers your business against claims of negligence that resulted in loss or injury to a customer or visitor to your business.

Workers Compensation
Protects your finances when an employee becomes injured on the job.

Property Coverage
Pays to repair or replace your commercial property, equipment, and inventories when they are damaged or lost due to a covered event.

Commercial Auto Insurance
Provides for the repair or replacement of your business vehicles when they are involved in an accident or other covered event, such as vandalism. Commercial auto insurance also provides liability protection if a driver of one of your business vehicles causes an accident that leads to property loss or bodily injury for another driver or passenger.

Cyber Liability
Protects your liability interests when data or sensitive information is stolen or accidentally released by your business.

Errors and Omissions Insurance
Protects your business when a client accuses your business of being negligent or making a mistake in providing its professional services.

For more information about business insurance and which policies are right for you, contact our office to speak with one of our helpful agents. We look forward to speaking with you soon.

What type of insurance does my growing business need?

A growing business is exciting because you can see the impact of your efforts and hard work. The problem is that you may face unexpected challenges when it comes to your financial situation when an accident occurs or you make a mistake. That is why it is important to select the right commercial insurance policy to protect your company from unnecessary hassles.

Appropriate Liability Protection

Liability is a concern for every business, whether it is small or growing. Depending on your company and the type of industry you work in, the appropriate liability protection that you may need can vary.

General policies are appropriate if you are not sure about the best plan for your company. You can also focus on product protection in case an injury occurs due to a defective product or liability for company property in case an accident takes place in your company building.

Protecting Assets

Along with liability, commercial insurance can also consider the possibility of damage to company assets. For example, you may want coverage to protect against theft if you have expensive computers in your company office. The number of assets that you own and the particular concerns that may arise can vary based on the size of the asset and the risks associated with the area. For example, a building may have a risk of fires while a computer or tablet has a risk of theft. Cover the assets and the potential situations so that you can maintain peace of mind.

The problem with protecting a growing business is identifying the coverage that you need. Fortunately, certain plans are available to address the majority of your concerns so that you can focus on growth. Contact us to speak to an agent to learn more about your options.