Why get business insurance?
From office space and equipment to employees and vehicles, businesses have a lot to track on a daily basis. With so many moving parts, there’s bound to be opportunities for problems to arise. Insurance can help you:
- • Protect valuable assets
- • Stay afloat during unexpected shutdowns
- • Replace crucial equipment
- • Be ready for unexpected financial hurdles
Tips for choosing the right insurance for your business
Business insurance isn’t quite as straightforward as the name suggests. There are many sides to your business, and different insurance coverages can cater to specific challenges. However, many companies can benefit from some general types of commercial insurance, including:
Business Interruption Insurance
Compensates you for your lost income while your business is closed due to an insured loss.Commercial Automobile Coverage
Covers your company vehicles and employed drivers for liability, injuries, and physical damage.Commercial General Liability Insurance
Protects your business if you’re liable for injuries or property damage to a third party. It covers accidents on your premises or your customers’.Crime Coverage
Provides protection from crimes committed by third parties and employees such as theft, computer fraud, and counterfeit paper currency.Cyber Risk Insurance
Protects against losses that result from network security breaches, privacy breaches, and Internet media liability.Property Insurance
Protects your building and physical assets inside and outside the building from exposures like fire and weather damage.
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