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  • small business insurance allen texas

Types of Insurance a Small Business Needs

Most small business owners know a lot about the services they provide, but not a whole lot about how to protect their business from uncertainty. Understanding what types of insurance are available to small business owners and determining what their business needs can be tricky. We’ve put together a list of things to consider when you’re looking at small business coverage options. Do you have employees? If you have employees, you should consider workers’ compensation insurance. Workers’ compensation insurance provides benefits to employees for work-related injuries or illnesses.  Benefits include medical care coverage, replacement of lost wages, disability, and funeral expenses if necessary. Unfortunately, some workplace injuries result in a lawsuit against your business. Workers’ compensation insurance can help cover any legal costs you encounter in those cases. What types of equipment and materials are essential to your business?  If a fire destroys the computers in your office or someone breaks into your business and steals valuable equipment, business property insurance will help replace the property. Business property insurance will also help you restore lost income if you cannot provide services without the property covered.   What is your liability risk? The trickiest part of determining what business insurance coverage you... Read more