This coverage helps protect a business's physical property, like buildings, equipment, and inventory, from things like fire, theft, or damage.
This coverage protects a business if someone claims they were hurt or their property was damaged because of the business's actions. It helps cover legal costs and any settlements or judgments that may be awarded.
Workers' Compensation Insurance
If an employee gets injured or becomes ill while working, this coverage helps pay for their medical expenses and lost wages. It also protects the business from being sued by the employee.
Business Interruption Insurance
Sometimes, a disaster or unexpected event can temporarily shut down a business. This coverage helps compensate the business for lost income during that time, allowing them to recover and get back on track.
Commercial Auto Insurance
If a business uses vehicles for its operations, this coverage protects those vehicles and the business from accidents or damage caused by them.
In today's digital world, cyber insurance has become essential. It provides protection against cyber risks and data breaches. It can help cover the costs associated with data recovery, notifying affected customers, and potential legal actions resulting from a cyber-attack.
Professional Liability Insurance
Also known as errors and omissions insurance, is important for businesses that provide professional services, like doctors, lawyers, or consultants. It helps protect them if they make a mistake or if a client claims that their advice caused them harm. It can cover legal expenses and settlements.
If a business owner or key employee dies unexpectedly or becomes disabled, key person insurance provides compensation to keep the business running until it replaces the executive or closes shop.
As a business owner, you get hurt or sick in a way that prevents you from running your business or doing your job. In that case, business disability insurance can help you by providing financial support.