If you’re a Delaware-area entrepreneur just starting out, you probably have many questions about what type of insurance you need. You may have some unique risks, depending on what type of industry you are in. When it comes to business insurance in DE, many companies start out with commercial property, general liability and income insurance. Property insurance provides protection for damage to your building, equipment and grounds. General liability protects you from third-party injuries and property damages, and an income policy restores revenue you lose when your business must shut down due to covered losses such as theft or fire. If you have employees, workers’ compensation is also a requirement, and it covers employee injuries and illnesses, as well as loss of income, due to accidents occurring at the job site.
You may also want to consider data breach insurance for today’s technology-dependent world. There are more than a few clever hackers out there, and data breaches can occur at all businesses, no matter their size. This special insurance covers the costs of responding to the breach, including how you choose to inform customers. Your company is special, and you need an insurance solution that meets your special needs. The right business insurance in DE is one that offers the best mix of policies and endorsements to cover your risks.