workmans comp insurance

Simple Business Insurance Options

While searching for business insurance can seem like more of an annoyance than a necessity, new business owners must be sure to make the right coverage selections or risk leaving themselves open to financial ruin. From general liability to workmans comp insurance, here are some of the coverages you’ll likely need in your policy when starting your business.

General Liability

General liability insurance protects your business in case a lawsuit is filed against you by a third party who experienced bodily injury or property damaged because of your business. Your policy will cover any legal fees and other expenses for which you are found liable.

Workers Compensation

Workmans comp insurance is required in most states even if you only have one employee. In case of a work-related injury or illness, your policy will be there to cover any of the associated medical expenses, legal fees and lost wages.

Commercial Property

Property insurance is needed in case your property is damaged or lost because of a storm, fire, theft or vandalism. Your policy will pay to repair or replace the covered items including your building, landscaping, furniture and equipment.

Trying to figure out business insurance on your own can be an overwhelming experience. Working with an experienced agent is the best way to ensure that you get the appropriate coverages for your business.