As your business grows, your insurance needs will change as well. Depending on the type of business you own, you could need several different types of insurance policies to protect your assets. Here are three insurance policies that businesses can use to protect their company and their employees.
No matter what type of business you have, you should take out a general liability insurance policy. This type of policy protects your company and employees by providing representation and paying damages if the property of a client or third party is damaged, or if a client or third party are injured by services you rendered them. A business insurance consultant can assess the type of business you have, in order to ensure that you get the general liability coverage you need. This coverage can prevent losing your company if you are sued for damages or injuries caused by yourself, an employee, or one of your products.
If you have employees, then you will need to have worker’s compensation insurance to protect your business and employees, in case they are hurt on the job. Worker’s compensation will cover their medical costs, time off work, and other expenses incurred after they are injured. Most state laws require worker’s compensation insurance, and the penalties for not carrying it are high.
Professional Liability Insurance
This type of insurance protects your company from damages caused by mistakes or fraudulent activities committed by yourself or one of your employees. If you are a professional such as an attorney, accountant, real estate agent, hair salon owner, or something similar, a professional liability policy recommended by business insurance consultants can help protect you and your company.
Whether you have an established business or are just starting one, the business Insurance consultants at Ewing insurance Agency can help you. Contact us at 704-861-0100 or visit Insuregaston.com. You can follow them on Twitter for more updates!