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All There is to Know About Business Insurance
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... Read more