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Business Insurance

Business Insurance Information

If they’re not careful, many business owners will find themselves struggling to keep their company going because of no insurance. If you are starting a company, then make sure it is not uninsured or underinsured. Business insurance is important. Here is information about what business insurance covers and how these policies can protect your company.

General Liability Coverage

The least you can do for your business is get general liability coverage. You should have this before you even open the doors. This coverage financially protects the company after accidents and injuries. This pays for legal and medical bills if anyone is injured on your property or by one of your employees.

Professional and Product Coverage

Depending on your business, you might want to consider product liability or professional liability coverage. Companies that provide advice or services need professional liability coverage if their services cause harm. Product liability insurance protects your company against legal action if the products cause injuries or do not operate as described.

Coverage for Owners and Employees

You will also want to bundling workers’ compensation insurance, commercial auto insurance, and health insurance into your policy. It is important to protect your employees in the event of a serious accident or injury. This form of coverage should be seen as an investment because it will attract high-quality employees.

You might need to change your policy as your business grows. But at least get started with the basics in place.