lunes, 10 de julio de 2017

5 Types of Insurance you need to protect your Business

When you own a business, you are exposed to certain risks and you have a lot to protect, so the right insurance coverage for your business can be important to your continued success. Luckily, there are a variety of coverages to choose from when it comes to protecting your business.

At GUARDIAN INSURANCE AGENCY located in Fairburn, Lagrange and Norcross, we give you five types of Insurance that could help protect your business:

1. Business Liability Insurance Coverage:

No matter how careful you are, you may find yourself in a variety of situations that could result in a lawsuit against your business, so it's a good idea to be prepared.There are three types of business liability coverage:

- General liability coverage: This type of coverage protects you in case you are sued because of accidents, injuries or claims of negligence. For example, if someone is injured on the premises of your business and files a lawsuit against you, this type of coverage may help cover some of the related costs.

- Product liability coverage: If your company manufactures or sells a product, this type of coverage may come in handy. It protects you in case your product is defective and causes injury or damage.

- Professional liability coverage: Businesses that provide services often purchase this type of coverage, which protects against errors and negligence.

2. Small Business Property Insurance Coverage:

The most obvious reason to purchase small business insurance is to protect your tangible investment, from your merchandise to the tools you use to make your business work. 
The property coverage in a business insurance policy can help protect the physical property of your business against certain causes. This coverage may protect the actual building in which your business is housed, as well as inventory, equipment, furnishings and other property you have there. It may also cover other costs, such as equipment breakdowns or the cost of removing debris after a covered loss.

3. Insurance Coverage relating to Employees:

Depending on the number of employees you have, as well as other factors, there may be additional insurance considerations. Employment practices liability coverage, for example, helps protect you in case a former employee files a groundless claim against your company.
All states except Texas require businesses with a certain minimum number of employees (3-5) to have workers compensation coverage, which may help protect them in the event that an employee is injured on the job.

4. Data Compromise Insurance Coverage:

Data compromise coverage, or data breach coverage, is another way to protect your business. This type of coverage helps protect against any associated legal or other costs in the event that personal data of employees or customers is stolen or accidentally released by your company.

5. Insurance Coverage for Business Cars:

Just like your personal car, your business vehicle needs to be protected. Business car coverage is available to help protect your company against liability arising from accidents in your company's vehicle, as well as other features, depending on the policy.

Remember that a Business insurance policy may help protect your wallet, your Business and even offer peace of mind. Contact us for more Information, At GUARDIAN INSURANCE AGENCY located in Fairburn, Lagrange and Norcross, we can help you choose the coverage that's right for your needs.

For more Information contact us: (706) 884-5006 or (770) 969-5666

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