Your day-to-day operations are complex; understanding business insurance doesn’t have to be. There are coverage options available to protect just about every aspect of your business from employee injury to natural disasters. Some insurance is required by law and others by business associates, such as lenders and landlords. Obtaining the right type and amount of insurance for your business will help you avoid gaps in coverage where you need it most.
At a minimum, your business should have:
Business Property Insurance that can protect your business by funding repair or replacement of damaged physical assets when disasters such as fire, windstorms, hail or vandalism strike.
Business Liability Insurance that can protect your business against financial losses resulting from claims of injury or property damage caused by you or your employees and your products or services.
Workers' Compensation Insurance that can satisfy your employees’ medical needs in the event of an accident or disease and make a quick return to work possible, while removing lawsuit potential by current or former employees.
Business Auto Insurance that can get you on the road again quickly after an accident and ensure your business is protected against losses from injuries to other drivers, passengers and pedestrians for which you and your employees are liable.
Business Crime Insurance that can provide your business with protection from fraud, theft, forgery or robbery.
Additional insurance options your business may need include:
Employment Practices Liability Insurance that can cover your business if discrimination, sexual harassment or wrongful termination claims are made by present, former or future employees.
Life Insurance for Business Owners that can help you plan for business succession, survive the loss of a key employee or partner and retain/reward your top people.
Retirement and Benefits for Business Owners that can secure your financial future and that of
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