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Three Insurance Coverages For Small Businesses

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Searching for insurance can be difficult when you’re working alone as a small business owner. To ensure that your policy meets your needs, it’s best that you seek assistance from an experienced Newman insurance agent. As a starting point, here are three of the top coverages that you should plan to include in your new policy.

Liability Insurance

There are various forms of liability insurance. Their purpose is to cover your legal expenses in case a third party files a lawsuit against you. The two most popular liability coverages are:

General Liability – protects you in case a third party claims that they suffered an injury or property damage because of your business.

Professional liability – protects you in case a third party claims that an error or omission on your part led to them suffering a loss.

Property Insurance

Property insurance protects you in case your property is damaged or lost because of certain perils. Your building, furniture, equipment and even your electronic data can be repaired or replaced when included your policy.

Workers’ Compensation Insurance

Also known as workman’s comp, it protects your employees in case they’re injured or become ill because of work-related activities. Your policy will cover their medical costs as well as any lost wages if they’re forced to miss work.

Other coverages are available depending on your business’ needs. Your Newman insurance agent can customize your policy to ensure that you’re effectively protected.