Business Insurance

What is Business Insurance?

The term “business insurance” can mean a lot of things. Businesses vary greatly in their operations and so does the insurance available to cover each. Business insurance can be used to cover your property and commercial vehicles, insure against liability or workers’ compensation lawsuits, or even cover you for professional errors. The coverage necessary for your business will likely be a unique mixture of these and more coverage types.

Do I Need Business Insurance?

Everyone can be sued and that means you may face asset seizures or wage garnishments. In order to stay in business for the long term, you need customized insurance protection to shield your business from the many risks it faces.

What Types of Business Insurance Are Available?

  • Property Insurance: Property insurance covers the physical building and its contents from things like fire, theft, and more.
  • Liability Insurance: Liability insurance covers you if you’re sued for negligence, like if someone is hurt on the premises.
  • Commercial Auto Insurance: Commercial auto insurance covers your business for loss or damage to vehicles used by your business and for damage to others caused by your business vehicles. Note that vehicles used for business are not covered under your personal auto insurance policy even if a vehicle is used for both business and personal purposes.
  • Product Liability Insurance: Product liability insurance covers you for damage from a product manufactured by your business.
  • Professional Liability Insurance: Also known as Errors & Omissions Insurance, it covers you from liability lawsuits arising from a professional error.
  • Workers’ Compensation Insurance If you have employees, you’re legally required to carry workers’ compensation insurance to cover employees if they are injured on the job.
  • And More

Insurance is better with Nadon Insurance Agency