0
0
Types of Business Insurance
Business insurance can be challenging to find because it can be challenging to choose what’s covered and what’s not, how much you want to spend, etc. Multiple types of business insurance cover various things. This is good because you can choose to cover some things, but not all, or choose to cover everything with multiple types of policies. Whether you’re pocketing the money at the end of the day, the following types of insurance will protect your company’s assets in an incident. General Liability This type of insurance is exactly what it sounds like, general coverage. This insurance is usually added to a business owner’s policy or BOP. Overall, it protects your company from lawsuits and claims from people outside of your company. Every business owner should consider adding to their BOP if it’s not already included. Commercial Property Another component of your business owner’s policy would be commercial property insurance. This insurance pays out if there should be damage or loss to physical property. This includes things like a business building or business vehicle. You can add additional coverage for other items for an additional fee if your industry has a higher risk of damage. Workers’ Comp Workers’ compensation... Read more