There are so many different risks that small businesses face today. There are also many conceivable insurance coverages available for almost all situations. The price you pay varies depending upon your situation and your ability to find the right company, policy and price. You will be able to search competitive, reputable companies all on one website for your small business insurance needs right here on our website. You will find this a convenient and cost-saving method that will save you time and put your money where it belongs…in your pocket. Before searching for the “right” insurance for your needs, it is good to know what you are looking for to fit your business. The following is some of the home-business insurances available for you to consider:
Home-Based Business Insurance
Even though you may have a homeowner’s policy covering the content of your home, a small business insurance policy is usually a necessity. Homeowner’s policies do not usually cover loss of business. You may want to consider adding this insurance to cover your business property and protect you against liability or damages that are not covered by your homeowner’s policy
General Liability Insurance
This insurance is offered to help you with legal issues that arise because of accidents, negligence claims or injuries. It protects you from having to pay out of pocket to individuals due to property damages, slander, injury, libel, medical expenses and other liabilities that arise. It also covers lawsuits, judgments and settlement bonds that are usually required during an appeal process.
Product Liability Insurance
If your company manufactures, distributes or is a retail or wholesale company and has a product, this kind of insurance protects you from the liability and safety of your products. It will protect you from financial loss due to defective products that cause damages or injury to an individual or individuals. The amount of coverage depends upon the products you sell or make.
Professional Liability Insurance
This small business insurance , Errors and Omissions insurance as it is otherwise known, should be considered if you are providing a service or in the service industry. It covers your business if you are targeted for malpractice, negligence and errors when providing a service. Your state may require you to carry this policy.
Commercial Property Insurance
If you have a business, you will have property that you own that relates to that business. This kind of insurance covers the damage or loss of any company property. This damage can be caused by several different things. Here is a list of some of the damages that are customarily covered by this type of policy:
- Civil Disobedience
Your commercial property can be defined as a broad spectrum of things. Here are some examples of coverage for commercial property:
- Office Furniture
- Interruption of Business
There are a couple of forms of property insurance. An all-risk policy covers an array of perils and incidents. There are exclusions in the policy of things relating that are not covered. Read the policy carefully to ensure that you have the right coverage for your business. There is another one called a peril-specific policy. It covers specifically listed perils only listed in the policy.
When searching for the best small business insurance for your particular situation, there is a lot to consider. Our website makes it easy for you to get yoursmall business insurance quote from reputable companies in the convenience of your own home or office. Insurance quotes on our website are very competitive and can save you time and money by receiving them all from one convenient location.