Finding the right business insurance can be challenging due to the numerous options and coverage levels available. However, it’s crucial to protect your company’s assets in the event of an incident. The following types of insurance provide comprehensive coverage to safeguard your business:
General Liability Insurance
This type of insurance offers broad protection and is typically included in a Business Owner’s Policy (BOP). It shields your company from lawsuits and claims made by individuals outside of your business. Every business owner should consider adding general liability insurance to their BOP if it’s not already included.
Commercial Property Insurance
Also part of a Business Owner’s Policy, commercial property insurance covers damage or loss to physical property, such as business buildings or vehicles. For items at higher risk of damage, you can add additional coverage depending on your industry.
Workers’ Compensation Insurance
Commonly known as workers’ comp, this insurance protects you from lawsuits and claims resulting from employees’ work-related injuries. It’s an essential coverage for any business with employees.
Business Identity Insurance
Identity theft isn’t limited to individuals; businesses can fall victim too. With business identity insurance you will recover losses, repair your business credit profile, and restore your business reputation if your company’s identity is stolen.
Key Person Insurance
If a key person, such as the owner or a partner, becomes unable to work, key person insurance provides financial support. It helps cover lost income, find a temporary replacement, or manage other expenses related to the absence of a crucial business leader. This ensures your business can continue operating smoothly despite the loss.
Now, these are not all of the types of business insurance that are out there, so if you haven’t read about the coverage you’re looking for, contact Arthur Blake Insurance today! We can discuss more types of business insurance with you to find what you’re looking for. Our experienced team of agents at Arthur Blake Insurance are awaiting to assist you! Our agents in Plano, TX can help answer all of your questions and ensure you receive the best premium coverage. Contact our agency here or call (972) 954-6383 to speak with a local agent today.