A Guide to Essential Insurance for Small Businesses

 

In this article , I will discuss the type of insurance used by business owners for their companies.

• General Liability Insurance : It fulfills the general bodily injuries or property damages for your employees, products or services.
• Property Insurance : This policy fulfills the damages of fire, vandalism, theft, smoke, for your business or personal property like your office equipment like computers, inventory or tools.
• Business owner’s policy : This policy will include all type of insurances like business interruption insurance, vehicle coverage, liability insurance, property insurance, and crime insurance. Business owners prefer this because it saves their money.
• Commercial Auto Insurance : This policy includes auto insurance for company’s vehicles which carry employees, products or equipment. This insurance also includes those vehicles which are not owned by the company but used by employees.
• Worker’s Compensation : This policy includes medical benefits or wages for workers.
• Professional Liability Insurance : This insurance is applicable only for professionals like accountants, real estate agents, hair salons, lawyers, technology providers which make it different from General Liability Policy.
• Data Breach : Every business stores very sensitive and valuable information about their employees or clients on their computers and servers, so if any type of data breach happens this policy will give protection against loss.

List of Sources and Data

Forbes

Conclusion

These are general insurances , used by companies to keep up their liabilities or assets.If you want to learn more about insurance companies then i recommend to go through this article also.TOP 10 SOFTWARES FOR INSURANCE COMPANIES.Please share your comments in comment section and follow the blog for latest updates.