Business Insurance policies are a necessity for protecting your business no matter the size or its’ value. Despite the best efforts in planning for unforeseen circumstances or a loss of any magnitude, having business insurance in place can minimize the severity of the unexpected situation. Although not required by law, except for employers, business insurance is highly recommended to protect the assets of the company. Without it, a small business owners’ personal assets are subject to liability in the event of a business loss. With business insurance, your personal property is protected. There are different types of policies available, each of which assumes various premiums.
Some of the determining factors include:
- Size of the Business
- Type of Business
-
Number of Employees
Some of the various policy types available are:
- General Liability Insurance
- Errors & Omissions Insurance
- Home Business Insurance
- Contractor Liability Insurance
- Commercial Liability Insurance
- Workers Compensation Insurance
- Business Interruption Insurance