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Important Insurance Coverage for Small Businesses

Important Insurance Coverage for Small BusinessesTypes of insurance to protect your small business.  

As a new business owner, you’ve taken some giant steps to build your business from the ground up. Now that you’re getting everything in order, it’s important to protect that investment of time and money from any risks. Although your business may be small, it does not lack risks or exposures. Consider securing the following insurance policies.
Commercial General Liability
A Commercial General Liability policy protects your business from financial losses if someone or their property is injured by your employees, services, or business operations. This policy will step in to cover the costs of any legal fees plus the cost of damage if your business is found liable for what occurred.
Commercial Property Insurance
No matter if your business owns or rents a space, property insurance is a must. This coverage protects your equipment, furniture, electronics, signage, and inventory in the event of a fire, theft, storm, or another disaster. Note that mass-destruction events like floods and earthquakes are covered in stand-alone policies.
Workers’ Compensation Insurance
Even if your business has one employee, workers’ compensation insurance should be added to a business’s insurance policy. This will cover medical treatment, disability, and death benefits in the event an employee is injured or dies as a result of his work with that business.
Home-Based Business Insurance
You may assume that since your small business is operated from your home that it is covered by your home insurance. Rarely is this the case. If something were to happen to your business equipment and inventory inside of your home, your homeowners insurance would likely refuse to provide compensation for these items. Most home-based businesses should opt for property and liability insurance, business vehicle insurance, and workers’ compensation insurance.
New business owners, find reliable insurers to help you protect your company. Get started on your business coverage by contacting the expert insurance agency in Fresno, McCarty Insurance Agency. We provide reliable insurance to suit all of your company’s needs so that you can feel rest assured your investment is protected.

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